AP National Business

MADRID (AP) — Leaders of Spain and Germany are meeting in northwestern Spain for a brief summit centering on Europe’s energy crisis and consequences of the Russian invasion of Ukraine. Spanish Prime Minister Pedro Sánchez, German Chancellor Olaf Scholz and 15 ministers from their governments are attending the meeting Wednesday in the city of A

THE HAGUE, Netherlands (AP) — Ethiopia has turned over to Dutch judicial authorities a 38-year-old Eritrean man suspected of playing a leading role in a major international criminal network that smuggled Eritreans to the Netherlands. Prosecutors said Wednesday that the man is suspected of “large-scale smuggling of Eritreans from Africa to the Netherlands.” They said

By ALEX NISHIMOTO Edmunds Tesla’s Model S has enjoyed a nearly 10-year head start on the premium electric sedan competition, but the gap between it and its electric luxury sedan rivals is beginning to close. It now faces a challenge from a fellow startup, the 2022 Lucid Air. Can this new long-range champ unseat the

By JILL LAWLESS Associated Press BIRMINGHAM, England (AP) — U.K. Prime Minister Liz Truss has defended her economic plans as she tries to convince her Conservative Party that the pain unleashed by her tax-cutting agenda will be worth it. Truss closed a tumultuous Conservative conference with a speech to delegates in the central English city

By SAMUEL PETREQUIN Associated Press BRUSSELS (AP) — European Union countries have agreed to impose a price cap on Russian oil and other new sanctions after Moscow illegally annexed four regions in Ukraine. The sanctions announced Wednesday also include curbs on EU exports of aircraft components to Russia and limits on Russian steel imports. The

By ADAM SCHRECK Associated Press KYIV, Ukraine (AP) — Russian President Vladimir Putin signed the final papers Wednesday to annex four regions of Ukraine while his military struggled to control the new territory that was added in violation of international laws. Ukrainian law enforcement officials, meanwhile, reported discovering more evidence of torture and killings in

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — European indexes fell in early trading and U.S. futures were down as selling pressure kicked in Wednesday after a few days of strong gains. Asian shares advanced, led by a nearly 6% jump in Hong Kong’s share benchmark as markets there caught up after reopening from

By JILL LAWLESS Associated Press BIRMINGHAM, England (AP) — British Prime Minister Liz Truss is due to defend her economic plans as she tries to convince her Conservative Party — and the country — that the pain unleashed by her tax-cutting agenda will be worth it. Truss is due to close a tumultuous Conservative conference

BRUSSELS (AP) — The head of the European Union’s executive arm wants to introduce checks on key EU infrastructure, including energy, after the suspected sabotage of natural-gas pipelines in the Baltic Sea. European Commission President Ursula von der Leyen said Wednesday that the damage last week to the Nord Stream pipelines linking Russia and Germany

By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — Amnesty International has appealed to international creditors to provide debt relief to Sri Lanka to alleviate suffering as its people endure hunger, worsening poverty and shortages of basic supplies. The London-based international rights group said the country’s grim situation has “stripped away people’s access to

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The OPEC+ alliance of oil-exporting countries on Wednesday will debate a potentially large cut in the amount of crude it ships to the global economy — a move that could help Russia weather a looming European ban on oil imports and raise gasoline prices for

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Hong Kong’s share benchmark soared more than 6% on Wednesday as Asian shares tracked gains on Wall Street. New Zealand’s share benchmark rose 0.8% after its central bank hiked its benchmark interest rate to 3.5%, saying inflation remained too high and labor scarce. The half-point rate

By DEE-ANN DURBIN and ANNE D’INNOCENZIO AP Business Writers Daniel Kelly and his wife bought a 1977 doublewide mobile home in May for about $83,000 at Tropicana Sands, a community for people 55 and older in Fort Myers, Florida. But he ran into roadblocks when he tried to insure it. Managers at Tropicana Sands told

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Hong Kong’s share benchmark soared more than 5% on Wednesday as Asian shares tracked gains on Wall Street. New Zealand’s share benchmark rose 0.7% after its central bank hiked its benchmark interest rate to 3.5%, saying inflation remained too high and labor scarce. The half-point rate

DHAKA, Bangladesh (AP) — Electricity supply across Bangladesh has been restored after the South Asian country plunged into a blackout following the failure of its national power grid. The blackout, which impacted much of the country, started at 2:05 p.m. on Tuesday and lasted for nearly seven hours before power was completely restored at 9

By DEE-ANN DURBIN AP Business Writer As awareness grows around the world about the problem of food waste, one culprit in particular is drawing scrutiny: “best before” labels. Manufacturers have used the labels for decades to estimate peak freshness. Unlike “use by” labels, which are found on perishable foods like meat and dairy, “best before”

By JOSH BOAK Associated Press WASHINGTON (AP) — President Joe Biden is working to create a manufacturing revival — even helping to put factory jobs in Republican territory under the belief it can restore faith in U.S. democracy. The latest development came Tuesday, when chipmaker Micron announced an investment of up to $100 billion over