AP National Business

By MICHELLE CHAPMAN AP Business Writer Elon Musk has sold nearly $7 billion worth of shares in Tesla as the billionaire gets his finances in order ahead of his court battle with Twitter. Musk disclosed in series of regulatory filings that he unloaded about 8 million shares of his company Tesla Inc. in recent days.

KATE ASHFORD of NerdWallet At its current pace, Medicare’s Hospital Insurance trust fund will run out of money in 2028, according to the latest Medicare trustees report. That’s a two-year extension on the previous estimate, but experts say it’s still not good news, and the government needs to stop twiddling its thumbs. If Medicare exhausts

By RONALD MONTOYA Edmunds As if buying a new car in today’s supply-constrained market wasn’t hard enough, this year, many shoppers are experiencing sticker shock when they realize that the car they wanted has a price tag well over the manufacturer’s suggested retail price. It’s the sad but true reality of the current car buying

By KAREL JANICEK Associated Press PRAGUE (AP) — Slovakia’s economy minister says oil shipments from Russia through a critical pipeline to several European countries should resume soon after a problem over payments for transit was resolved. Russian state pipeline operator Transneft said Tuesday it halted shipments through the southern branch of the Druzhba oil pipeline,

By KRUTIKA PATHI, SHEIKH SAALIQ and FRANK BAJAK Associated Press NEW DELHI (AP) — A cybersecurity startup informed a major Indian online insurance brokerage last month that critical vulnerabilities in its network could expose sensitive personal and financial data from at least 11 million customers. CyberX9 followed the standard ethical-hacker playbook, giving the brokerage time

BERLIN (AP) — Germany’s finance minister says the government plans to make tax cuts worth more than 10 billion euros ($10.2 billion) to benefit broad sections of the population squeezed by high energy costs and inflation. Finance Minister Christian Lindner said Wednesday that about 48 million people in Germany would profit from changes to the

COPENHAGEN, Denmark (AP) — Annual inflation in Denmark came at 8.7% last month — rising at the fastest pace since 1983 — while the figure in neighboring Norway reached 6.8%. Statistics Denmark said Wednesday that the price of goods has increased by an average of 13.2% in the past year, the highest annual increase since

By JOE McDONALD AP Business Writer BEIJING (AP) — European stock markets opened higher while Asia fell Wednesday ahead of the release of U.S. inflation data that traders worry will show upward pressure on prices still is too strong for the Federal Reserve to ease off interest rate hikes. London, Frankfurt and Wall Street futures

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Toshiba has reported a 44% improvement in profit in the last quarter as the Japanese technology giant revamps its brand image and seeks to reassure investors about its management. Quarterly sales rose 2%. Toshiba has promised to boost annual sales by forging ahead with clean energy,

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — The semiconductor shortage is hitting another of the world’s automakers, despite demand for product. Honda’s fiscal first quarter profit has fallen 33% from last year. A global computer chip shortage, a pandemic-related lockdown in China and the rising costs of raw materials hurt the Japanese automaker.

HONG KONG (AP) — Hong Kong airline Cathay Pacific Airways says losses in the first half of the year narrowed as a relaxation in quarantine rules boosted passenger numbers. But it cautioned that quarantine restrictions on its crew were limiting the airline’s ability to increase flight capacity. The company reported losses of about $637 million

By MARI YAMAGUCHI Associated Press TOKYO (AP) — Japanese Prime Minister Fumio Kishida reshuffled his Cabinet on Wednesday in an apparent bid to distance his administration from the conservative Unification Church over its ties to the assassinated leader Shinzo Abe and senior ruling party members. The reshuffle was the second in just 10 months since

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — A Chinese envoy says Australia’s recent change of government is a chance to “reset” its troubled relationship with China, but the new administration must “handle the Taiwan question with caution.” Chinese Ambassador to Australia Xiao Qian said Wedesday he was “surprised” that Australia had signed a statement

By MICHAEL BALSAMO and MICHAEL R. SISAK Associated Press WASHINGTON (AP) — Former President Donald Trump will be questioned under oath Wednesday in the New York attorney general’s long-running civil investigation into his dealings as a real estate mogul, he confirmed in a post on his Truth Social account. Trump’s testimony comes amid a flurry

By JOCELYN NOVECK AP National Writer NEW YORK (AP) — Serena Williams said it plainly: It isn’t really fair. A male athlete would never have to make the same choice. But after a trailblazing career that both transformed and transcended her sport, Williams, who turns 41 next month, has told the world she’ll soon step

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stocks followed Wall Street lower Wednesday ahead of U.S. inflation data that traders worry will show upward pressure on prices still is too strong for the Federal Reserve to ease off interest rate hikes. Shanghai, Tokyo, Hong Kong and Seoul declined. Oil prices edged lower.

By MARI YAMAGUCHI Associated Press TOKYO (AP) — Japanese Prime Minister Fumio Kishida is set to reshuffle his Cabinet in a move seen as trying to distance his administration from the Unification Church following former leader Shinzo Abe’s assassination. Seven ministers who have acknowledged ties to the church will reportedly be removed when the Cabinet

By SIBI ARASU Associated Press BENGALURU, India (AP) — The Indian government took another step toward its climate goals by passing a conservation bill through parliament’s lower house, which makes it easier to put a price on carbon emissions and encourages the use of non-fossil fuel sources to generate power across the country. The bill

BEIJING (AP) — China’s 11 million university graduates are struggling in a bleak job market as repeated shutdowns under China’s “zero-COVID policy” force companies to retrench and drive many restaurants and other small employers out of business. When Liu Qian entered the job market, she said she felt as if her future had been smashed