AP National Business

LONDON (AP) — The United States and Europe are drawing up a voluntary code of conduct for artificial intelligence, with a draft expected in weeks. The voluntary code would bridge the gap while the 27-nation EU works on groundbreaking rules for artificial intelligence that won’t take effect for up to three years. That’s according to

By LISA MASCARO, KEVIN FREKING, STEPHEN GROVES and FARNOUSH AMIRI Associated Press WASHINGTON (AP) — Hard-fought to the end, the big debt ceiling and budget cuts package headed toward a crucial House vote Wednesday as President Joe Biden and Speaker Kevin McCarthy assembled a coalition of centrist Democrats and Republicans for passage over fierce conservative

By The Associated Press Twitter may now be worth one-third of what Elon Musk paid for the social media platform just seven months ago. Financial services company Fidelity has reduced the market value of its equity stake in Twitter for a third time, now putting it at $6.55 billion. That’s down from the nearly $20

By FRANK JORDANS Associated Press BERLIN (AP) — Germany says it has told Russia to close four out of five consulates in Germany in a tit-for-tat move after Moscow set a limit for the number of German embassy staff and related bodies that can operate in Russia. Foreign Ministry spokesperson Christofer Burger told reporters in

MATAWAN, N.J. — Hovnanian: Fiscal Q2 Earnings Snapshot

Associated Press DETROIT (AP) — Jaguar is recalling more than 6,000 I-Pace electric SUVs in the U.S. due to the risk of the high-voltage battery overheating and catching fire. The recall is the latest in a series of electric vehicle battery recalls because of possible fires. Documents posted Wednesday by the U.S. National Highway Traffic

BERLIN (AP) — German inflation eased to 6.1% in May following several months of declines, even as Europe’s biggest economy registered another painful increase in food prices of nearly 15%. The Federal Statistical Office said Thursday that preliminary figures show that the annual inflation rate was lower than the 7.2% registered in April. In February,

By ADAM BEAM Associated Press SACRAMENTO, Calif. (AP) — For most of the year, California’s quest to rid itself of fossil fuels seems on track: Electric cars populate highways while energy from wind, solar and water provides much of the power for homes and businesses. Then it gets hot, and everyone in the nation’s most

By JILL LAWLESS Associated Press LONDON (AP) — The British government has hailed an era of cheaper Australian wine and New Zealand kiwi fruit as free-trade agreements with the two southern hemisphere nations took effect. U.K. Business and Trade Secretary Kemi Badenoch said Wednesday’s start of the first all-new trade deals Britain has struck since

By MICHAEL CANTU Edmunds Designing and producing electric vehicles is a tough business, but some startup companies have already started selling EVs hoping to become as successful as Tesla. Edmunds checks out the top EV startups in this week’s Behind the Wheel Column for The Associated Press.

MONTREAL — National Bank of Canada: Fiscal Q2 Earnings Snapshot

LONDON — Capri Holdings: Fiscal Q4 Earnings Snapshot

By TREA BRANCH of NerdWallet MBA grads say the investment in their degree was worth it, according to a 2022 survey  by the Graduate Management Admission Council, an association of graduate business schools. But what if you don’t have the time or money to pursue an MBA? Accredited colleges and universities offer graduate business certifications

By PAN PYLAS Associated Press LONDON (AP) — Britain’s leading business lobby group has set out a series of proposals it hopes can secure its future following a string of allegations of inappropriate behaviour that led to the cancellation of membership subscriptions from some of the country’s biggest companies. In a statement Wednesday, the Confederation

RALEIGH, N.C. — Advance Auto Parts: Q1 Earnings Snapshot

BEIJING (AP) — China’s commerce minister met Tesla Ltd. CEO Elon Musk and promised to support the development of foreign companies. Musk joined a series of CEOs from global companies including Apple Inc. who have met with Cabinet officials this year following the end of anti-virus controls that blocked most travel into China. The ruling

MINNEAPOLIS — Donaldson: Fiscal Q3 Earnings Snapshot

By MAE ANDERSON AP Business Writer NEW YORK (AP) — Last year was a mixed bag pay-wise for the women who run companies in the S&P 500 — compensation increased for more than half of them, but the median pay package fell 6%. Of the 343 CEOs in the compensation survey of S&P 500 companies

By ALEXANDRA OLSON AP Business Writer After ballooning for years, CEO pay growth is finally slowing. The typical compensation package for chief executives who run S&P 500 companies rose just 0.9% last year, to a median of $14.8 million, according to data analyzed for The AP by Equilar. It was the smallest increase since 2015.