AP National Business

SANTIAGO, Chile — Cerro Grande: Fiscal Q2 Earnings Snapshot

FRANKLIN, Ind. — IBC Advanced Alloys: Fiscal Q3 Earnings Snapshot

HAMILTON, Bermuda — Golar LNG: Q1 Earnings Snapshot

HAMILTON HM 08, Bermuda — Frontline: Q1 Earnings Snapshot

SINGAPORE — JOYY: Q1 Earnings Snapshot

HANGZHOU, China — Best: Q1 Earnings Snapshot

By JOE McDONALD AP Business Writer BEIJING (AP) — Global stock markets sank Wednesday ahead of a vote by the U.S. Congress on a deal to avert a government debt default, while a downturn in Chinese factory activity deepened, adding to signs that the world’s economic activity is weakening. Markets in London, Shanghai, Paris and

By NICOLE WINFIELD Associated Press VATICAN CITY (AP) — The Vatican is seeking clarity after the former director of its U.S. missionary fundraising office oversaw the transfer of at least $17 million of its donations into a new non-profit and private equity fund that he created. The new management of The Pontifical Mission Societies in

By NICOLE WINFIELD Associated Press VATICAN CITY (AP) — Pope Francis has asked aides to get to the bottom of how at least $17 million was transferred from the Vatican’s U.S.-based missionary fundraising coffers into an impact investing vehicle run by a priest. The story of what happened to the money and how is one

By NICOLE WINFIELD Associated Press VATICAN CITY (AP) — The Vatican is seeking clarity after the former director of its U.S. missionary fundraising office oversaw the transfer of at least $17 million of its donations into a new non-profit and private equity fund that he created. The new management of The Pontifical Mission Societies in

BEIJING (AP) — China’s industry minister has met Tesla Ltd. CEO Elon Musk and the ministry said they discussed development of electric and “intelligent networked” vehicles. The ruling Communist Party is trying to revive investor interest in China’s slowing economy. Foreign companies are uneasy following raids on consulting firms and given the strained Chinese relations

By NICK PERRY Associated Press WELLINGTON, New Zealand (AP) — New Zealand’s national airline is asking passengers to step on the scales before they board international flights. Air New Zealand says it wants to weigh 10,000 passengers during a monthlong survey so pilots can better know the weight and balance of their planes before takeoff.

BEIJING (AP) — China’s ruling Communist Party has warned of the risks posed by advances in artificial intelligence while calling for heightened national security measures. The statement issued after a meeting Tuesday chaired by party leader and President Xi Jinping underscores the tension between the government’s determination to seize global leadership in cutting-edge technology and

By LISA MASCARO, KEVIN FREKING and STEPHEN GROVES Associated Press WASHINGTON (AP) — Hard-fought to the end, the debt ceiling and budget cuts package is heading toward a crucial U.S. House vote as President Joe Biden and Speaker Kevin McCarthy assemble a coalition of centrist Democrats and Republicans to push it to passage over fierce

By JOE REEDY AP Sports Writer Major League Baseball will take over broadcasts of San Diego Padres games beginning Wednesday after Diamond Sports missed a rights fees payment to the regional sports network’s parent company and let the grace period expire. Diamond Sports, which owns 19 networks under the Bally Sports banner, said in a

By ED KOMENDA Associated Press SEATTLE (AP) — A group of Amazon workers upset about recent layoffs, a return-to-office mandate and the company’s environmental impact is planning a walkout at the company’s Seattle headquarters Wednesday. The lunchtime protest comes a week after Amazon’s annual shareholder meeting and a month after a policy took effect requiring

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets sank Wednesday ahead of a vote by Congress on a deal to avert a government debt default, while a downturn in Chinese factory activity deepened, adding to signs global economic activity is weakening. Shanghai, Tokyo, Hong Kong and Sydney retreated. Oil prices declined.

By MARY CLARE JALONICK Associated Press WASHINGTON (AP) — A Republican attempt to expand work requirements for federal food aid in debt legislation moving through Congress would increase federal spending by $2.1 billion over 10 years — far from the cuts GOP lawmakers had promised. A compromise on the food aid requirements between House Republicans

By MARCIA DUNN AP Aerospace Writer CAPE CANAVERAL, Fla. (AP) — A private crew is back on Earth after a nine-day trip to the International Space Station. The SpaceX capsule carrying two Saudis and two Americans parachuted into the Gulf of Mexico late Tuesday night, just off the Florida panhandle. The Saudi government picked up

BEIJING (AP) — A survey shows China’s factory activity decelerated in May, adding to signs an economic rebound after the end of anti-virus controls is slowing. A monthly Purchasing Managers’ Index issued by the national statistics agency and an industry group declined to 48.4 from April’s 49.2 on a 100-point scale. Numbers below 50 show