AP National Business

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Global shares were mixed Monday while the British pound declined to an all-time low against the U.S. dollar on concerns over planned tax cuts. France’s CAC 40 rose 0.2% in early trading to 5,795.88, while Germany’s DAX added 0.2% to 12,311.57. Britain’s FTSE 100 edged 0.1%

By DANICA KIRKA and JILL LAWLESS Associated Press LONDON (AP) — The British pound fell to all-time low against the U.S. dollar early Monday after Treasury chief Kwasi Kwarteng pledged a sweeping package of tax cuts, fueling concerns about the government’s economic policy as the United Kingdom teeters toward recession. The pound fell as low

LONDON (AP) — The British pound fell to all-time low against the U.S. dollar early Monday after Treasury chief Kwasi Kwarteng pledged further tax cuts, fueling concerns about the government’s economic policy. The pound fell as low as $1.0373, before rallying to $1.0672 in early London trading. It was its lowest level since the decimalization

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — The Australian government says it’s considering tougher cybersecurity rules for telecommunications companies and blamed the nation’s second-largest wireless carrier, Optus, for an unprecedented breach of personal data from 9.8 million customers. Optus says it became aware of the cyberattack last Wednesday. It has since offered its

By DAVID McHUGH, JUSTIN SPIKE, KAREL JANICEK and VESELIN TOSHKOV Associated Press FRANKFURT, Germany (AP) — Europe is staring down a winter energy crisis. Russia has reduced natural gas supplies as Europe supports Ukraine, and the continent’s ability to get through the winter may depend on how cold it is and competition from Asia. The

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares tumbled and the British pound sank further on Monday, reflecting pessimism over efforts by central banks around the world to curb inflation. Japan’s benchmark Nikkei 225 shed 2.6% to 26,462.48. Australia’s S&P/ASX 200 dipped 1.5% to 6,479.30. South Korea’s Kospi dropped 3.1% to 2,219.75.

By MUNIR AHMED and MUHAMMAD FAROOQ Associated Press KHAIRPUR, Pakistan (AP) — Like every year, Arz Mohammed had planted his little patch of land in southern Pakistan with cotton. The crop would earn him enough so that, as he puts it, his family of five wouldn’t be reduced to begging. Then came the deluge. Pakistan’s

LONDON (AP) — The British pound has resumed a slide against the U.S. dollar that picked up pace last week after the U.K.’s new government outlined plans to cut taxes and boost spending. The pound dipped as low as $1.0349 per U.S. dollar early Monday but then rebounded to $1.0671, down 2.3%. The tax-cut plan

By HALELUYA HADERO AP Business Writer Amazon says it is holding a second Prime Day-like shopping event in October. The company is the latest major retailer to offer holiday deals earlier this year to entice cautious consumers dealing with tighter budgets. The event will be held October 11 and 12, offering early access to discounted

The Associated Press The Commerce Department releases its August tally of new U.S. home sales Tuesday and its final estimate of second-quarter economic growth on Thursday. The department issues its monthly snapshot of consumer spending Friday.

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares were mostly lower Monday, reflecting pessimism over weakness on Wall Street as the squeeze by central banks around the world to curb inflation weighs on investor sentiment. Japan’s benchmark Nikkei 225 dropped 2.1% in morning trading to 26,587.08. Australia’s S&P/ASX 200 dipped 1.3% to

By COLLEEN BARRY AP Fashion Writer MILAN (AP) — Milan Fashion Week has come to a close after five days of mostly womenswear previews that celebrated diversity and renewal. More designers of color were represented than ever and a host of new talent made their debuts at major fashion houses.  The Italian fashion council also

By FRANK JORDANS Associated Press BERLIN (AP) — German Chancellor Olaf Scholz planted a tree at a mangrove park in the United Arab Emirates in a token nod to environmentalism during a two-day visit to the Gulf region focused mainly on securing new fossil fuel supplies and forging fresh alliances against Russia. Germany is trying

PARIS (AP) — A blaze at a massive produce market that supplies Paris with much of its fresh food sent a billowing column of dark smoke towering over the French capital before it was brought under control. The Paris fire service said no one was injured in the warehouse fire Sunday at the Rungis International

BERLIN (AP) — German Chancellor Olaf Scholz has planted a tree at a mangrove park in the United Arab Emirates, a token nod to environmentalism during a two-day visit to the Gulf region focused mainly on securing new fossil fuel supplies and forging fresh alliances against Russia. Germany is trying to wean itself off energy