AP National Business

NICOSIA, Cyprus (AP) — An official says the Cyprus has begun proceedings to revoke citizenship from three investors and seven of their family members that was granted under the country’s ill-fated investment-for-citizenship program that a probe found had repeatedly flouted its own rules. Deputy government spokeswoman Niovi Parisinou said Wednesday that, overall, similar citizenship revocation

By CLAIRE RUSH Associated Press/Report for America ASTORIA, Ore. (AP) — Across the United States, from Oregon to New York, demand for child care far exceeds supply. Families are growing increasingly desperate as providers deal with staffing shortages exacerbated by the coronavirus pandemic as well as historically low pay worsened by inflation. Half of U.S.

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Stocks wavered in unsettled trading on Wall Street Wednesday after a report showed that inflation remains very hot. The S&P 500 rose 0.2% as of 11:22 a.m. Eastern. The index was roughly evenly split between gainers and losers and has shifted between small gains

By LAURAN NEERGAARD AP Medical Writer The U.S. on Wednesday authorized updated COVID-19 boosters for children as young as 5, seeking to expand protection ahead of an expected winter wave. Tweaked boosters rolled out for Americans 12 and older last month, doses modified to target today’s most common and contagious omicron relative. While there wasn’t

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Most pets hate visiting the vet. Now it’s becoming a lot more unpleasant for their owners, too. America’s worst bout of inflation in four decades has swollen the cost of your dog or cat’s visit to the animal doctor. Prices for vet services have jumped 10%

NEW YORK (AP) — Stocks are flipping between small gains and losses on Wall Street after a report showed inflation remains high. The S&P 500 was 0.3% higher in early Wednesday trading after reversing an earlier loss of roughly the same amount. The index is coming off five straight losses and is close to its

SAN JUAN, Puerto Rico (AP) — The prime minister of the Bahamas has announced an increase in the island’s minimum wage and temporary price controls on goods such as eggs, bread and diapers amid a spike in inflation. The minimum wage will increase from $210 to $260 a week. It will be retroactive from July

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Inflation at the wholesale level rose 8.5% in September from a year earlier, its third straight decline though it is still at a painfully high level. Wednesday’s report from the Labor Department also showed that the producer price index — which measures price changes before they

By GEIR MOULSON Associated Press BERLIN (AP) — The German government has slashed its growth forecast for this year and predicted that Europe’s biggest economy would shrink in 2023 as Germany deals with the fallout from Russia’s war in Ukraine including Moscow cutting off natural gas supplies. The Economy Ministry said Wednesday that it expects

By DAVID KOENIG AP Airlines Writer DALLAS (AP) — Planes from the U.S. to Europe were packed this summer, and United Airlines figures the same thing will happen next year. United announced Wednesday that it will again increase its peak summer schedule across the Atlantic. It will bring back flights to Stockholm, which it dropped

NEW YORK (AP) — Wall Street pointed higher before the bell Wednesday ahead of more inflation and retail sales data, as well as the kick-off to the corporate earnings season. Futures for the Dow Jones industrials rose 0.6% and futures for the S&P 500 climbed 0.8%. Fears of a recession have been weighing on markets

By JILL LAWLESS and DANICA KIRKA Associated Press LONDON (AP) — Britain’s economy is facing new shocks after the Bank of England ruled out extending an emergency debt-buying plan designed to stabilize financial markets. Prime Minister Liz Truss on Wednesday came under more pressure from her Conservative Party to abandon the tax-cutting economic package that

BANGKOK (AP) — Toyota Motor Corp. says it has begun assembling autos in Myanmar after more than a yearlong delay following a military takeover in February 2021. The factory in the Thilawa Special Economic Zone, outside the country’s biggest city, Yangon, is owned by Toyota and its trading arm, Toyota Tsusho. It assembles Hi-Lux pickup

MOSCOW (AP) — Russian President Vladimir Putin says that Moscow is ready to resume gas supplies to Europe via a link of the Germany-bound Nord Stream 2 pipeline under the Baltic Sea. Putin told an energy forum in Moscow on Wednesday that the U.S. was likely behind the explosions that ripped through both links of

By MICHAEL CANTU Edmunds The Tesla Model Y has been fending off a slew of new electric SUV rivals. One of the latest is the all-new GV60 from Genesis, a South Korean luxury brand. With the bar set high, does the GV60 have a chance against the ultra-popular Model Y? Edmunds finds out.

By KATE ASHFORD of NerdWallet Medicare open enrollment starts soon, but 7 in 10 Medicare beneficiaries say they don’t compare Medicare plans during this period, which stretches from Oct. 15 to Dec. 7. That’s not great, since Medicare Advantage plans — which operate much like the private insurance you may have had through an employer

PARIS (AP) — The French government has moved to requisition workers operating petrol depots of ExxonMobil’s French branch Esso in an attempt to ensure that service stations around the country are supplied with badly needed fuel amid an ongoing strike. France’s Prime Minister Elizabeth Borne on Wednesday asked prefects to launch the procedure “to requisition

BERLIN (AP) — A senior German state official has announced his resignation amid questions over his management of deadly floods that hit his region last year. The interior minister of the western state of Rhineland-Palatinate said Wednesday he was “taking the political responsibility for mistakes that were made in my area of responsibility.” More than

By KRISTA LARSON Associated Press DAKAR, Senegal (AP) — A new liquefied natural gas project off Africa’s western coast may only be 80% complete, but already the prospect of a new energy supplier has drawn visits from the leaders of Poland and Germany. The initial field near Senegal and Mauritania’s coastlines is expected to contain

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Global shares were mixed Wednesday as traders braced for updates on inflation, retail sales and corporate earnings. The British pound weakened against the U.S. dollar after the governor of the Bank of England, Andrew Bailey, confirmed the bank will not extend beyond Friday an emergency debt-buying