AP National Business

By MATT OTT AP Business Writer Stocks are opening broadly lower on Wall Street, putting the market on track for another week of sizable losses, as a stark warning from FedEx about rapidly worsening trends in the economy gave investors more to worry about. FedEx lost a quarter of its value early Friday after saying

By BASSEM MROUE Associated Press BEIRUT (AP) — Lebanese depositors have stormed at least four banks to demand their trapped savings, signaling growing chaos amid the country’s economic meltdown. Friday’s raids were the most in a single day and the latest in a spate of bank break-ins that reflect public anger at the country’s strict

By VASILISA STEPANENKO Associated Press IZIUM, Ukraine (AP) — Some of the bodies unearthed from a mass burial site in a forest recaptured from Russian forces showed signs of torture, with their hands tied behinds their back and ropes around their necks, a Ukrainian prosecutor said Friday. President Volodymyr Zelenskyy said the site was an

By LORNE COOK Associated Press BRUSSELS (AP) — The European Union’s executive branch has unveiled plans for new laws that it said would help protect media freedom and independence in the 27-nation bloc. The European Commission said the EU needs a European Media Freedom Act at a time of mounting concern about the dangers of

By GLENN GAMBOA AP Business Writer NEW YORK (AP) — Craig Newmark twists a “Batman” quote to jokingly refer to himself as “not the nerd you want, but maybe, now and then, I’m the nerd you need.” Newmark, the founder of Craigslist, has since retired from the pioneering website that made him a billionaire, according

By LINDSAY WHITEHURST Associated Press WASHINGTON (AP) — A top Justice Department official has announced new incentives for companies that cooperate with corporate criminal investigations and a $250 million Congressional budget request to expand its work. Deputy Attorney General Lisa Monaco said Thursday there has been a decline in the number of corporate criminal prosecutions

By MATT OTT AP Business Writer Barring an enormous rally, Wall Street is headed for another losing week as grim news from corporate bellwethers and higher-than-expected U.S. inflation data continue to weigh on markets. Futures for the Dow Jones Industrial Average slid 0.9% Friday and the S&P 500 tumbled 1%, compounding losses from earlier in

BEIJING (AP) — China has announced sanctions against the CEOs of American defense contractors Raytheon and Boeing Defense over a major arms sale to rival Taiwan. The Foreign Ministry did not specify what the sanctions would be against Gregory Hayes, chairman and CEO of Raytheon Technologies Corp., and Ted Colbert, president and CEO of Boeing

By VASILISA STEPANENKO Associated Press IZIUM, Ukraine (AP) — Ukrainian authorities began unearthing bodies Friday from a mass burial site in a forest recaptured from Russian forces — a find that President Volodymyr Zelenskyy said was an example of “what the Russian occupation has led to.” The site, which police said contained 445 graves, was

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar. Administration officials say it’d help reinforce the U.S. role as a leader in the world financial system. The White House said Friday that after President Joe Biden

By MICHAEL FAULHABER and DANIEL NIEMANN Associated Press MUNICH (AP) — Oktoberfest is back in Germany after a two-year pandemic interruption — the same bicep-challenging beer mugs, fat-dripping pork knuckles, pretzels the size of dinner plates, men in leather shorts and women in cleavage-baring traditional dresses. But while brewers are more than glad to see

By HYUNG-JIN KIM Associated Press SEOUL, South Korea (AP) — The head of China’s legislature called for cooperation with South Korea in advanced technology and supply chains, as he met South Korean leaders Friday amid concerns that their moves to solidify a military alliance with Washington could hamper Seoul’s ties with Beijing. Li Zhanshu, third

SAMARKAND, Uzbekistan (AP) — Russian President Vladimir Putin says that Russia will press on with its offensive in Ukraine despite a Ukrainian counteroffensive. Speaking to reporters Friday after attending a summit of the Shanghai Cooperation Organization in Samarkand, Uzbekistan, Putin said the “liberation” of the entire territory of Ukraine’s eastern industrial heartland of Donbas has

By DAVID KLEPPER and ALI SWENSON Associated Press After winking at QAnon for years, Donald Trump is overtly embracing the baseless conspiracy theory, even as the number of frightening real-world events linked to it grows. On Tuesday, using his Truth Social platform, the Republican former president reposted an image of himself wearing a Q lapel

By RAFAL NIEDZIELSKI Associated Press JANOW, Poland (AP) — Poland has sealed $3 billion deals with South Korea for the purchase of 48 Korean FA-50 fighter planes as the central European country takes urgent steps to increase its deterrence and defense capabilities amid Russia’s war on neighboring Ukraine. The airplane deals follow contracts signed last

By JOE McDONALD AP Business Writer BEIJING (AP) — Global stocks and Wall Street futures fell Friday after higher-than-expected U.S. inflation dashed hopes the Federal Reserve might back off plans for more interest rate hikes. London and Frankfurt opened lower. Shanghai, Tokyo and Hong Kong retreated. Oil prices declined. Wall Street’s benchmark S&P 500 index

By VASILISA STEPANENKO Associated Press IZIUM, Ukraine (AP) — Ukrainian authorities were expected to begin recovering bodies Friday from a newly found mass burial site in a forest recaptured from Russian forces, a delicate task that President Volodymyr Zelenskyy said would help show the world “what the Russian occupation has led to.” The burial site,

PARIS (AP) — Many domestic and some international flights have been canceled in France after air traffic controllers went on a national strike Friday over pay and recruitment issues. French civil aviation authority DGAC warned that domestic traffic would be “severely disrupted” with many flights canceled and other experiencing long delays. Travelers have been advised

By MALAK HARB Associated Press DUBAI, United Arab Emirates (AP) — A British man accused by Denmark of masterminding a $1.7 billion tax fraud has been ordered by a Dubai court to pay Copenhagen’s tax authority $1.25 billion. That’s according to court filings seen Friday in the case against Sanjay Shah. Just days earlier, another