AP National Business

By EVELYNE MUSAMBI Associated Press NAIROBI, Kenya (AP) — Authorities say two people have died after a multi-story building under construction collapsed on a neighbor’s home on the outskirts of Kenyan capital Nairobi. Three other people have been rescued alive from the family home that was next to the collapsed building located in Ruaka suburb.

A Russian missile strike hit Ukraine’s southern Odesa region for the first time in weeks on Thursday, the regional governor said. An infrastructure target was hit, Odesa regional Gov. Maksym Marchenko said on Telegram, warning about the threat of a “massive missile barrage on the entire territory of Ukraine.” Marchenko’s statement comes amid media reports

By CHALIDA EKVITTHAYAVECHNUKUL Associated Press BANGKOK (AP) — The Ukraine war, great power rivalry, inflation and food and energy shortages are among the troubles vying for attention at an Asia-Pacific Rim summit. The gathering, the last of three back-to-back meetings of world leaders, is the annual summit of the 21-member Asia-Pacific Economic Cooperation forum. On

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian 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. Benchmarks fell in Tokyo, Seoul, Hong Kong and Shanghai, while gaining in Sydney. Oil prices fell. Market watchers noted worries about

By CHALIDA EKVITTHAYAVECHNUKUL Associated Press BANGKOK (AP) — Leaders from the 21-member Asia-Pacific Economic Cooperation forum begin a two-day summit in Thailand’s capital on Friday with a crowded backdrop of issues to contend with: the war in Ukraine, great power rivalry in Asia, and the global crises of food and energy shortages, inflation and supply

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japan marked a trade deficit for the 15th month in a row in October as both imports and exports reached record highs. It comes as the costs of energy and food soar and the yen stumbles. The deficit at 2.16 trillion yen, or $15 billion, is

By DAVID FISCHER and JOSHUA GOODMAN Associated Press MIAMI (AP) — Federal prosecutors have charged eight people with smuggling endangered monkeys , including a Cambodian wildlife official who was arrested in the U.S. while traveling to a conference on protecting endangered species. Long-tailed macaques, sometimes known as crab-eating macaques, are protected under international trade law

By LEANNE ITALIE AP Entertainment Writer NEW YORK (AP) — They were supposed to be birthday presents. They were supposed to be Christmas presents. They were supposed to be the most special of special treats for young fans of Taylor Swift. Instead, for many parents, the hours-long Ticketmaster debacle they endured Tuesday trying to score

MONTGOMERY, Ala. (AP) — Arizona-based First Solar Inc. has selected Alabama as the site of a more than $1 billion factory that will manufacture modules that generate solar power, the company announced Wednesday. First Solar said in a statement that the plant, to be located in Lawrence County in the Tennessee Valley region, will create

By DAVID KLEPPER Associated Press Donald Trump’s suspension from Facebook and Instagram will stand for now despite his candidacy for president. Meta, which owns both platforms, said Wednesday it had no plans to lift the ban on Trump, which was imposed after the Jan. 6, 2021, attack on the U.S. Capitol. Trump may not have

The Associated Press Wall Street closed lower as hefty drops in retailers and technology companies offset gains elsewhere in the market. The S&P 500 lost 0.8% Wednesday. The Nasdaq fell 1.5%, and small-company stocks fell even more. The Dow Jones Industrial Average closed slightly lower. Target fell sharply after delivering a dismal financial report. Target

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Target Corp., down $23.51 to $155.47. The retailer reported an unexpectedly big drop in third-quarter profit as customers curtailed spending ahead of the holiday shopping season. Lowe’s Companies Inc., up $6.29 to $215.13. The home-improvement retailer reported strong third-quarter financial results.

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Retailers and technology companies led a broad slide for stocks Wednesday after a dismal financial report from Target overshadowed a positive retail sector report from the government. The S&P 500 fell 0.8%, wiping out most of its gains from a day earlier. The Dow Jones

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Christopher Waller, a key Federal Reserve official, added his voice to a rising number of Fed officials who have suggested that the central bank will likely slow the pace of its interest rate hikes beginning in December. Waller, a member of the Fed’s Board of Governors,

By KEN SWEET AP Business Writer NEW YORK (AP) — A host of Hollywood and sports celebrities including Larry David and Tom Brady were named as defendants in a class-action lawsuit against cryptocurrency exchange FTX, arguing that their celebrity status made them culpable for promoting the firm’s failed business model. FTX has been in the

By JOSHUA GOODMAN Associated Press MIAMI (AP) — A company with an office in Houston and another owned by two American citizens appear to be helping Venezuela bypass U.S. sanctions and quietly transport millions in petroleum products aboard an Iranian-built tanker, The Associated Press has learned. The sanctions evasion effort is centered around an idled