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HELSINKI (AP) — Wireless and fixed-network equipment maker Nokia has reported substantially improved third-quarter profits and higher sales on the back of strong demand for 5G technology from operators. The Finland-based company on Thursday reported net profit of 551 million euros ($539 million) for the July-September period. That’s a 19% increase from a year earlier.
Continue Reading By CHINEDU ASADU Associated Press ABUJA, Nigeria (AP) — A major Nigerian energy company says it can’t deliver natural gas as promised in its contracts after deadly flooding hindered its operations. That’s raising concerns about whether Africa’s largest economy can meet increased local and international demands during an energy crisis provoked by Russia’s war in
Continue Reading By RAF CASERT and SAMUEL PETREQUIN Associated Press BRUSSELS (AP) — European Union leaders were heading into a two-day summit Thursday with opposing views on whether, and how, the bloc could impose a gas price cap to contain the energy crisis fueled by Russian President Vladimir Putin’s invasion of Ukraine and his strategy to choke
Continue ReadingBy ROD McGUIRK Associated Press CANBERRA, Australia (AP) — A cybercriminal is holding for ransom an Australian health insurer’s customer data including diagnoses and treatments, in the nation’s second major privacy breach in a month. Trade in Medibank shares has been halted on the Australian Securities Exchange since Wednesday when police were alerted that the
Continue Reading By JILL LAWLESS Associated Press LONDON (AP) — U.K. Prime Minister Liz Truss was hanging on to power by a thread on Thursday, after a senior minister quit her government with a barrage of criticism and a vote in the House of Commons descended into chaos and acrimony. A botched economic plan unveiled by the
Continue Reading By SABRA AYRES Associated Press KYIV, Ukraine (AP) — Russia has declared its intention to increase its targeting of Ukraine’s power, water and other vital infrastructure in its latest phase of the nearly 8-month-old war. Ukrainian President Volodymyr Zelenskyy says that Moscow’s forces have destroyed nearly a third of the country’s power stations since Oct.
Continue Reading By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japan has marked a trade deficit for the 14th month in a row, with exports and imports ballooning to record highs as the declining value of the yen added to the soaring costs of imported energy, food and other goods. The Finance Ministry said Thursday that
Continue Reading By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Asian shares were mostly lower on Thursday after Wall Street benchmarks fell and Japan reported a 14th straight month of monthly trade deficits due to high prices for oil and other commodities and a weakening yen. Wall Street futures were mixed while oil prices gained. Japan’s
Continue Reading By NICK PERRY Associated Press WELLINGTON, New Zealand (AP) — Farmers across New Zealand took to the streets on their tractors Thursday to protest government plans to tax cow burps and other greenhouse gas emissions, although the rallies were smaller than many had expected. Lobby group Groundswell New Zealand helped organize more than 50 protests
Continue Reading By MATTHEW DALY Associated Press WASHINGTON (AP) — The Environmental Protection Agency has reached a settlement with United Parcel Service to resolve violations of hazardous waste regulations at more than 1,100 facilities across 45 states and Puerto Rico, the agency said Wednesday. The consent agreement with Atlanta-based UPS resolves a range of alleged violations, including
Continue Reading By JILL LAWLESS Associated Press LONDON (AP) — British Prime Minister Liz Truss described herself as “a fighter and not a quitter” Wednesday as she faced a hostile opposition and fury from her own Conservative Party over her botched economic plan. Within hours of the defiant statement, her government was teetering on the verge of
Continue Reading By KEN RITTER Associated Press LAS VEGAS (AP) — A judge blocked Las Vegas police, prosecutors and defense attorneys Wednesday from accessing a slain investigative journalist’s cellphone and electronic devices over concerns about revealing the reporter’s confidential sources and notes. Then she backed away from the case, citing an immediate appeal to the Nevada Supreme
Continue ReadingBy JILL LAWLESS Associated Press LONDON (AP) — British Prime Minister Liz Truss described herself as “a fighter and not a quitter” Wednesday as she faced a hostile opposition and fury from her own Conservative Party over her botched economic plan. Within hours of the defiant statement, her government was teetering on the verge of
Continue Reading By HANNA ARHIROVA, YURAS KARMANAU and SABRA AYRES Associated Press KYIV, Ukraine (AP) — Russian President Vladimir Putin doubled down Wednesday on his faltering invasion of Ukraine with a declaration of martial law in four illegally annexed regions and preparations within Russia for draconian new restrictions and crackdowns. Putin’s drastic efforts to tighten his grip
Continue Reading By TOM KRISHER AP Auto Writer DETROIT (AP) — Tesla reported Wednesday that its third-quarter profit more than doubled from a year ago, fueled by higher vehicle sales. The Austin, Texas, electric vehicle and solar panel maker posted net income of $3.29 billion from July through September. CEO Elon Musk said on the company’s quarterly
Continue Reading The Associated Press Stocks closed lower on Wall Street, reversing course after two days of gains. Major indexes are still higher for the week despite the declines, which pulled every sector lower except energy. Treasury yields continue to climb to multiyear highs, tempting investors with higher returns on relatively low-risk investments. The yield on the
Continue Reading NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Netflix Inc., up $31.52 to $272.38. The streaming entertainment giant handily beat Wall Street’s third-quarter earnings forecasts. United Airlines Holdings Inc., up $1.85 to $39.10. The airline’s third-quarter profit and revenue beat analysts’ forecasts. Intuitive Surgical Inc., up $17.41 to $211.14.
Continue Reading By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers A broad slide on Wall Street reversed two days of gains for stocks Wednesday, as Treasury yields climbed to multiyear highs, tempting traders with higher returns on relatively low-risk investments. The pullback came as investors reviewed a mix of quarterly reports from several companies. Netflix
Continue Reading By DON BABWIN Associated Press CHICAGO (AP) — With U.S. union ranks swelling as everyone from coffee shop baristas to warehouse workers seeks to organize, Illinois voters will decide next month whether to amend their state constitution to guarantee the right to bargain collectively. The fate of the Nov. 8 ballot measure is being closely
Continue Reading By JILL LAWLESS Associated Press LONDON (AP) — British Prime Minister Liz Truss described herself as “a fighter and not a quitter” Wednesday as she faced down a hostile opposition and fury from her own Conservative Party over her botched economic plan. But within hours of Truss’ appearance at the weekly Prime Minister’s Questions session,
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