AP National Business

By NICOLE WINFIELD Associated Press ROME (AP) — Italy’s presumed next premier, Giorgia Meloni, has issued a stark warning to Silvio Berlusconi that he risked losing influence in any new government over his friendship with Russian President Vladimir Putin. Meloni was responding to comments by Berlusconi to his Forza Italia lawmakers this week that were

By JOSH BOAK and ZEKE MILLER Associated Press WASHINGTON (AP) — President Joe Biden is telling voters that he hasn’t given up on lowering gasoline prices. Biden says he has ordered the release of 15 million barrels from the U.S. strategic reserve and will consider additional withdrawals this winter. It’s a message with clear political

By RODNEY MUHUMUZA Associated Press KAMPALA, Uganda (AP) — A United Nations official is urging tech companies to do everything possible to stop the onslaught of hate speech fueling the war in Ethiopia’s north, where a violent war pits federal troops and their allies against Tigray’s rebellious leaders. Inflammatory language by political leaders and armed

By RAF CASERT Associated Press BRUSSELS (AP) — European Union leaders head into Thursday’s energy summit looking for joint measures to contain an energy crisis that has already dented their economy and threatens to spread more hardship this winter. But finding a common answer to the energy crisis fueled by Russia’s war in Ukraine is

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Warren Buffett’s conglomerate has completed its largest acquisition in years with its $11.6 billion purchase of the Alleghany insurance conglomerate. The purchase will further expand Berkshire’s sizeable insurance operations and add a few more companies to its stable, including a steel fabricator and toy company

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

By NICOLE WINFIELD Associated Press ROME (AP) — The European Union executive is reminding Silvio Berlusconi that Russia “illegitimately” invaded Ukraine. This comes after the former Italian premier was heard on a recording boasting that he had recently reconnected with Russian President Vladimir Putin and exchanged gifts of vodka, wine and “sweet” birthday letters. Berlusconi

By MATTHEW DALY Associated Press WASHINGTON (AP) — The Biden administration on Wednesday awarded $2.8 billion in grants to boost domestic manufacturing of batteries for electric vehicles in 12 states. A total of 20 companies will receive grants for projects to extract and process lithium, graphite and other battery materials, manufacture components and strengthen U.S.

By DEE-ANN DURBIN AP Business Writer Starbucks is selling its Seattle’s Best Coffee brand to Nestle for an undisclosed amount. Switzerland-based Nestle has been in a partnership with Seattle-based Starbucks since 2018 and already distributes Starbucks-branded coffee in more than 80 markets worldwide. The company said acquiring Seattle’s Best will offer customers more choice. Nestle

BERLIN (AP) — Senior French and German officials have warned that new measures by the Biden administration to address climate change and boost the American economy could upend the “level playing field” on trade between the European Union and the United States. The EU has criticized legislation approved by Congress in August that includes clauses

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks are broadly lower on Wall Street in afternoon trading Wednesday, giving back some of the market’s recent gains, as investors weigh another batch of company earnings reports. Several companies including Netflix and United Airlines rose sharply after releasing their quarterly reports, while others, including

By TOM KRISHER and JEFFREY COLLINS Associated Press GREER, S.C. (AP) — BMW will invest $1 billion in its sprawling factory near Spartanburg, South Carolina, to start producing electric vehicles and an additional $700 million to build a electric-battery plant nearby. The German automaker’s announcement reflects its commitment to transitioning to electric-vehicle production in North

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. Yet the grim faces of Conservative lawmakers behind her in the House of

PITTSBURGH (AP) — Newsroom workers at the Pittsburgh Post-Gazette have gone on strike demanding that the company reinstate the terms of its previous contract and return to the bargaining table. The Newspaper Guild of Pittsburgh said its members began picketing Tuesday. Guild members have been working without a contract since 2017 and Monday voted to

By LEON YIN and AARON SANKIN/The Markup The Markup Having a fast internet connection at home has become a near-requirement for many Americans, especially with the rise of remote education and working from home due to the COVID-19 pandemic. But an investigation by The Markup has found that internet service providers often offer drastically different

By FRANK JORDANS Associated Press BERLIN (AP) — The International Energy Agency said Wednesday that it expects carbon emissions from the burning of fossil fuels to rise again this year, but by much less than in 2021 due to the growth in renewable power and electric cars. Last year saw a strong rebound in carbon

By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — A panel of federal advisers says a pregnancy drug intended to prevent premature births should be withdrawn because it doesn’t work. Wednesday’s recommendation is non-binding, but it clears the way for the Food and Drug Administration to remove the drug from the market. The FDA deemed

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Taxpayers will get fatter standard deductions for 2023 and all seven federal income tax bracket levels will be revised upward as the government allows people to shield more of their money from taxation because of persistently high inflation. For couples who file jointly for tax year 2023,

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Stocks wavered between gains and losses in early trading on Wall Street, leaving indexes mixed as another batch of companies reported their latest quarterly results. Several companies including Netflix and United Airlines rose sharply while others, including Abbott Laboratories and M&T Bank, sank. The