AP National Business

LONDON (AP) — U.K. Prime Minister Rishi Sunak is expected to highlight the benefits of remaining in the U.K. when he meets with the Scottish leader during his first visit to Scotland since taking office. Sunak will meet for private and informal talks with Scottish First Minister Nicola Sturgeon on Thursday. Sturgeon wants to take

ANKARA, Turkey (AP) — Turkish media reports say Turkey has summoned the Swedish ambassador to convey Ankara’s displeasure after a mannequin depicting Turkish President Recep Tayyip Erdoğanwas reportedly hung outside the city hall in Stockholm. Turkish officials on Thursday described the incident as “terrorist propaganda” by supporters of the outlawed Kurdistan Workers’ Party or PKK

By STAN CHOE and DAMIAN J. TROISE AP Business Writers NEW YORK (AP) — Wall Street closed higher Thursday after a report showed inflation slowed again last month, bolstering hopes the Federal Reserve may take it easier on the economy through smaller hikes to interest rates. While the report on U.S. inflation was clearly encouraging,

By MATTHEW DALY Associated Press WASHINGTON (AP) — The Republican-controlled House has voted to block oil from the country’s emergency stockpile from going to China. Republicans say the bill would help end what they call President Joe Biden’s “abuse of our strategic reserves.” Biden withdrew 180 million barrels from the reserve last year in a

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Rising U.S. consumer prices moderated again last month, bolstering hopes that inflation’s grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it. Inflation declined to 6.5% in December compared with a year earlier,

By DAVID KOENIG and TOM KRISHER AP Business Writers U.S. air travel has returned mostly to normal, a day after a computer system that sends safety information to pilots broke down and grounded traffic from coast to coast. By early afternoon Thursday on the East Coast, only about 100 flights had been canceled and 1,700

By RAF CASERT and SAMUEL PETREQUIN Associated Press KIRUNA, Sweden (AP) — The European Union is thinking about injecting more subsidies into its industry to counter U.S. efforts to ramp up its green technologies sector. But fears are only increasing that the continent’s giant countries will profit at the cost of the small member states.

By KEN SWEET AP Business Writer NEW YORK (AP) — The Justice Department accused Los Angeles-based City National Bank on Thursday of discrimination by refusing to underwrite mortgages in predominately Black and Latino communities, requiring the bank to pay more than $31 million in the largest redlining settlement in history. City National is the latest

By SCOTT SONNER Associated Press RENO, Nev. (AP) — Add Burning Man to the list of plaintiffs challenging one of the growing number of “green energy” projects in the works in Nevada. Lithium mines aimed at boosting production of electric vehicle batteries and geothermal power plants that tap underground water to produce renewable energy are

By MATT OTT AP Business Writer WASHINGTON (AP) — After two straight weekly increases, the average long-term U.S. mortgage rate came back down again this week but remains a significant hurdle for many prospective homebuyers. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate fell to 6.33% from 6.48% last

MEXICO CITY (AP) — Mexico’s president says the government is in talks to persuade companies that have started lithium mining projects in Mexico to give up their plans. In 2022, Mexico nationalized lithium mining and extraction, with a state-run company having exclusive rights to mine the metal used in electric car batteries and other devices.

By SCOTT McFETRIDGE and JOSH FUNK Associated Press DES MOINES, Iowa (AP) — Thinking of lining up at the mini-mart for a shot at a $1.35 billion Mega Millions jackpot? Maybe you should first dig into your coat pockets or your car’s glove box to make sure you don’t already have a winning ticket from

TALLINN, Estonia (AP) — A human rights group says an opposition politician who ran against authoritarian Belarusian President Alexander Lukashenko has been arrested in Minsk. The Viasna center reported Thursday that the 41-year-old activist who heads the Tell the Truth movement was seized by security forces near his home in the capital late Wednesday. The

By SAMUEL PETREQUIN Associated Press KIRUNA, Sweden (AP) — The beginning of the end of Europe’s dependency on China for precious rare earth materials may lie buried deep under the rugged reaches of northern Sweden, well above the Arctic Circle. Sweden’s iron-ore miner LKAB said Thursday it has identified “significant deposits” in Lapland of rare

By STAN CHOE AP Business Writer NEW YORK (AP) — Wall Street is wobbling Thursday as it digests a report showing inflation slowed again last month, bolstering hopes the Federal Reserve may take it easier on the economy through smaller hikes to interest rates. The S&P 500 was 0.2% lower after flipping between small gains

SOFIA, Bulgaria (AP) — Bulgaria’s Parliament is demanding that the country’s government renegotiate the energy part of an EU-funded post-pandemic recovery plan, to save the country’s coal-fired power plants from closure. Lawmakers on Thursday voted 187-2 with nine abstentions to approve a revision of the plan, which is key to receiving 6.3 billion euros in

LONDON (AP) — Virgin Orbit said Thursday its first attempt to launch satellites into orbit from the U.K. failed after its rocket’s upper stage prematurely shut down. The U.S.-based company used a modified Boeing 747 plane to carry one of its rockets from Cornwall in southwestern England over the Atlantic Ocean on Monday. The plane

By MICHELLE CHAPMAN and DAVID KOENIG AP Business Writer Delays and cancellations among flights across the United States were minimal on Thursday, a day after a system that offers safety information to pilots failed, grounding U.S. air traffic and leading to thousands of stranded travelers. There were 636 delays into, within or out of the

By LEANNE ITALIE Associated Press NEW YORK (AP) — Love her or loathe her, Barbie has been transformed again, this time into a version for children as young as 3. Gone is the contentious hourglass figure for My First Barbie, which launched Thursday ahead of July’s live-action film about the icon starring Margot Robbie and

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Rising U.S. consumer prices moderated again last month, bolstering hopes that inflation’s grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it. Inflation declined to 6.5% in December compared with a year earlier,