AP National Business

By SUZAN FRASER Associated Press ANKARA, Turkey (AP) — A wartime agreement that allowed grain exports from Ukraine to resume and helped temper rising global food prices will be extended by 120 days, the United Nations and other parties to the deal said Thursday, a move welcomed by financial markets. The initiative established a safe

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Macy’s reported declines in profits and sales for the fiscal third quarter as the department store faces a pullback from shoppers stung by inflation. But the results, announced on Thursday, beat Wall Street expectations.  The New York-based company raised its earnings outlook, in part due

By STAN CHOE AP Busines Writer NEW YORK (AP) — Corporate profits have withstood raging inflation over much of the last year, but those good times may be ending. Profits stayed fat even as companies’ costs rose thanks to one simple trick: Businesses boosted the prices they charged customers by more than their own costs

By DANICA KIRKA, JILL LAWLESS and SYLVIA HUI Associated Press LONDON (AP) — The British government was increasing the windfall tax on the profits of oil and natural gas companies in an emergency budget announced Thursday that was aimed at restoring the nation’s economic credibility and patching up its battered finances. Saying the U.K. faces

By ANDREW SELIGMAN and JOHN WAWROW AP Sports Writers ARLINGTON HEIGHTS, Ill. (AP) — The hulking grandstand at the shuttered Arlington International Racecourse casts an eerie shadow as the sun sets on a weekday evening. It sits dormant on a tract of land that could be transformed in a major way. With the galloping horses

LONDON (AP) — The British government has blocked a Chinese-owned company’s takeover of a Wales-based microchip maker, calling it a risk to national security. Nexperia announced last year that it had acquired a 100% stake in semiconductor manufacturer Newport Wafer Fab. The U.K. government said late Wednesday that Business Secretary Grant Shapps had issued an

By HYUNG-JIN KIM Associated Press SEOUL, South Korea (AP) — South Korean President Yoon Suk Yeol hopes for greater cooperation with Saudi Arabia, including on its $500 billion futuristic desert city project. Yoon met the kingdom’s powerful Crown Prince Mohammed bin Salman on Thursday. It was the prince’s first visit to South Korea since 2019.

By DANICA KIRKA and SYLVIA HUI Associated Press LONDON (AP) — Pledging to face an economic storm, Britain’s new government is set to offer an emergency budget featuring tens of billions in spending cuts and tax increases Thursday as it seeks to restore the U.K.’s economic credibility and patch up the nation’s battered finances. Just

By JOHN LEICESTER Associated Press KYIV, Ukraine (AP) — Russian airstrikes targeted Ukraine’s energy facilities again Thursday as the first snow of the season fell in Kyiv, a harbinger of the hardship to come if Moscow’s missiles continue to take out power and gas plants as winter descends. Separately, the United Nations announced the extension

By DEE-ANN DURBIN AP Business Writer Starbucks workers at more than 100 U.S. stores say they’re going on strike Thursday in what would be the largest labor action since a campaign to unionize the company’s stores began late last year. The walkouts are scheduled to coincide with Starbucks’ annual Red Cup Day, when the company

By ZEN SOO Associated Press HONG KONG (AP) — American game developer Blizzard Entertainment said Thursday that it will suspend most of its game services in mainland China after current licensing agreements with Chinese games company NetEase end, sending NetEase’s shares tumbling. Blizzard, which partnered with NetEase in 2008 to offer popular games like World

By STEPHEN McGRATH and CRISTIAN JARDAN Associated Press CHISINAU, Moldova (AP) — Massive blackouts that temporarily hit more than a half-dozen cities across Moldova this week have highlighted the impact Russia’s war in Ukraine is having on Europe’s poorest country. The power outages happened Tuesday as the Russian military pounded infrastructure targets across the border

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Global shares mostly declined Thursday amid concerns about the impact of China’s “zero-COVID” strategy mixed with hopes for economic activity and tourism returning to normal. France’s CAC 40 added 0.4% in early trading to 6,631.06. Germany’s DAX rose 0.9% to 14,367.89. Britain’s FTSE 100 sank 0.3%

By JOHN LEICESTER Associated Press KYIV, Ukraine (AP) — Russian airstrikes inflicted more damage on Ukraine on Thursday, with the latest barrage smashing into energy infrastructure, apartment buildings and an industrial site. At least four people were killed and five others wounded in drone and missile strikes around the country, authorities said. Separately, U.N. Secretary-General

By DANICA KIRKA and SYLVIA HUI Associated Press LONDON (AP) — So many demands. So little money. Just three weeks after taking office, British Prime Minister Rishi Sunak faces the challenge of balancing the nation’s budget while helping millions of people slammed by a cost-of-living crisis as Russia’s war in Ukraine pushes up energy prices

By VANESSA GERA Associated Press WARSAW, Poland (AP) — The long border between Finland and Russia runs through thick forests and is marked only by wooden posts with low fences meant to stop stray cattle. Soon, a stronger, higher fence will be erected on parts of the frontier. Earlier this month, Polish soldiers began laying

By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — The Sri Lankan government is being urged to drop charges against two protest leaders detained for more than three months following the anti-government demonstrations that engulfed the island nation earlier this year. Amnesty International also renewed its call for Sri Lanka to repeal the harsh,

ANKARA, Turkey (AP) — Turkey’s state-run news agency says security forces have detained a suspect wanted in connection with the deadly bombing in Istanbul. The operation was carried out in a Turkish-controlled area in northwestern Syria. Other suspects detained following the bombing will appear before court officials on Thursday to face possible charges or be

By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — The Sri Lankan government is being urged to drop charges against two protest leaders detained for more than three months following the anti-government demonstrations that engulfed the island nation earlier this year. Amnesty International also renewed its call for Sri Lanka to repeal the harsh,