AP National Business

By NINIEK KARMINI Associated Press JAKARTA, Indonesia (AP) — Indonesia’s leader has launched the country’s first home-grown COVID-19 shot. President Joko Widodo announced that IndoVac includes primary series vaccines, boosters and vaccines for children. During an unveiling ceremony, 15 residents who had not received any COVID-19 vaccine got their first IndoVac jabs. Indonesia’s Food and

Associated Press Samsung Electronics has been granted an exception that will allow it to continue to temporarily maintain its memory-chip production facilities in China after the U.S. announced last week it’s tightening export controls to limit China’s ability to get advanced computing chips, according to a Biden administration official. The official, who was not authorized

By MELISSA MURPHY AP Sports Writer NEW YORK (AP) — Alexis Ohanian called out the need for a safe work environment in the National Women’s Soccer League while receiving the Champions for Equality Award at the annual Salute to Women in Sports event on Wednesday night. The former executive chairman of Reddit is a founding

By CORA LEWIS Associated Press NEW YORK (AP) — Tens of millions of older Americans will see a major increase in benefits this January when a new cost-of-living adjustment (or COLA) is added to Social Security payments. The increase is not expected to have a big impact on the trust that funds Social Security. That

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The managing director of the International Monetary Fund urged global policymakers to stop inflation from becoming “a runaway train″ at a time of extraordinary economic turmoil. The IMF’s Kristalina Georgieva noted that the world economy “has been hit by one shock after another″ — the coronavirus

By TOM MURPHY AP Health Writer Walgreens Boots Alliance topped earnings forecasts in the final quarter of fiscal 2022, and the drugstore chain’s early look at 2023 also fell mostly above expectations. A drop in COVID-19 vaccinations and a big charge tied to the company’s United Kingdom stores weighed on results, but shares edged up

By STAN CHOE AP Business Writer NEW YORK (AP) — A spirits-crushing report on inflation is battering Wall Street Thursday, and stocks are buckling toward their weakest levels in almost two years. The S&P 500 was 2.2% lower in early trading after worse-than-expected data showed inflation is not slowing and instead is spreading more widely

COLUMBUS, Ohio (AP) — Ohio plans to offer approximately $156.3 million in tax incentives and infrastructure improvements as part of battery plant project, the state said Wednesday. Of $85 million set aside for infrastructure improvements, $75 million will be for water and utility improvements and the rest will be to improve local and state roads,

BERLIN (AP) — Germany wants to introduce a public transit pass that costs 49 euros ($47) a month and will be valid nationwide. The proposal follows on from a wildly successful “9-euro ticket” in Germany for three months this summer as part of efforts to help people switch to environmentally friendly transport. One of its

STOCKHOLM (AP) — Swedish home furnishings giant IKEA says that despite “unprecedented challenges” caused by the war in Ukraine, supply chain disruptions, increased inflation and lingering fallout from the COVID-19 pandemic, 2022 had been an “exceptional year.” The world’s biggest furniture brand on Thursday reported retail sales of 39.5 billion euros this financial year, which

By STAN CHOE AP Business Writer NEW YORK (AP) — Tens of millions of older Americans are getting the biggest raise of their lifetimes.  The U.S. says Social Security beneficiaries will see an 8.7% increase in monthly payments this upcoming year. That’s the largest increase in four decades. The boost is meant to allow beneficiaries

WARSAW, Poland (AP) — The Polish operator of an oil pipeline says it is repairing damage that caused a leak earlier this week to the main source of crude oil from Russia to Germany. It said Thursday that it wants to resume the pumping of crude oil as soon as possible through the pipeline. The

COPENHAGEN, Denmark (AP) — A bomb threat against an gas processing facility in central Norway briefly forced the suspension of the production and the evacuation of workers from the site . Police said Thursday that there was ”no evidence that the bomb threat against the Ormen Lange facility was real.” The incident came amid heighten

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Millions of Social Security recipients will get an 8.7% boost in their benefits in 2023, a historic increase but a gain that will be eaten up in part by the rising cost of everyday living. The cost-of living adjustment — the largest in more than 40 years

By MATT OTT AP Business Writer WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose slightly last week but remains historically low even as the U.S. economy slows in the midst of decades-high inflation. Jobless claims for the week ending Oct. 8 rose by 9,000 to 228,000, the Labor Department reported Thursday.

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on households, wiping out pay gains that many have received and ensuring that the Federal Reserve will keep raising interest rates aggressively. Consumer prices rose 8.2% in September

By JOE McDONALD and MATT OTT AP Business Writers U.S. markets rose sharply before the opening bell Thursday ahead of U.S. inflation data that could buttress the Federal Reserve’s position on the need for more aggressive interest rate hikes. Futures for the Dow and futures for the S&P 500 each rose more than 1%. U.S.

By JOE McDONALD Associated Press BEIJING (AP) — The Chinese government has accused Washington of “Cold War thinking.” The government appealed for efforts to repair strained relations after President Joe Biden released a national security strategy that calls for “out-competing China” and blocking its efforts to reshape global affairs. The foreign ministry also accused Washington

LISBON, Portugal (AP) — A prize worth 1 million euros ($970,000) is being awarded to two intergovernmental bodies for their work on climate change. Organizers of the annual Gulbenkian Prize for Humanity announced Thursday that this year’s winners are the Intergovernmental Panel on Climate Change and the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services.