Skip to Content

AP National Business

Zoom Video: Fiscal Q1 Earnings Snapshot

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Zoom Video Communications Inc. (ZM) on Monday reported fiscal first-quarter net income of $15.4 million. On a per-share basis, the San Jose, California-based company said it had profit of 5 cents. Earnings, adjusted for one-time gains and costs, came to $1.16 per share. The results

Continue Reading

Belarus opposition group urges EU to maintain sanctions on Belarus state companies

By VANESSA GERA and YURAS KARMANAU Associated Press WARSAW, Poland (AP) — A member of the Belarus opposition movement is calling on the European Union to maintain sanctions against a Belarusian state fertilizer producer. Pavel Latushka argued Monday that lifting sanctions would generate $1.5 billion in profits for Alexander Lukashenko’s regime while supporting Russia’s war

Continue Reading

China’s Sinopec signs agreement to enter retail fuel market in crisis-hit Sri Lanka

By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — Chinese petroleum giant Sinopec has signed an agreement with Sri Lanka to enter its retail fuel market. Monday’s agreement comes as the crisis-stricken Indian Ocean island nation struggles to resolve a worsening energy crisis amid unprecedented economic upheaval. The contract would enable Sinopec to import,

Continue Reading

G20 delegates begin meeting in disputed Kashmir, with region’s intense security largely out of view

By AIJAZ HUSSAIN Associated Press SRINAGAR, India (AP) — Delegates from the Group of 20 leading rich and developing nations have begun a meeting on tourism in Indian-controlled Kashmir that was condemned by China and Pakistan, as authorities reduced the visibility of security in the disputed region’s main city. The meeting is the first significant

Continue Reading

Germany rejects criticism it watered down language on gas at G7 summit

BERLIN (AP) — The German government is rejecting criticism that it pushed to weaken existing commitments for phasing out natural gas at a summit of leaders from the Group of Seven major industrialized democracies. Environmental campaigners slammed the leaders’ decision in Japan to back the construction of new infrastructure for liquefied natural gas, a planet-warming

Continue Reading

Nigeria opens Africa’s biggest oil refinery as it tries to boost struggling sector

By CHINEDU ASADU Associated Press ABUJA, Nigeria (AP) — Nigerian President Muhammadu Buhari has opened Africa’s biggest oil refinery, with hopes it would help the country achieve self-sufficiency and become a net exporter of refined petroleum products. Aliko Dangote, Africa’s richest man who built the $19 billion project, said Monday that the new oil refinery

Continue Reading