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AP National Business

Official: China recovery faces pressure after April activity weaker than expected

BEIJING (AP) — An official says China’s economic recovery faces pressure from sluggish consumer and export demand. That is after retail sales and other activity in April were weaker than expected. Chinese activity accelerated while U.S. and European economic growth is cooling following interest rate hikes to extinguish inflation. But consumer spending, an important economic

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Debt ceiling showdown: Biden and congressional leaders to meet as McCarthy pushes for faster deal

By LISA MASCARO, FATIMA HUSSEIN and SEUNG MIN KIM Associated Press WASHINGTON (AP) — President Joe Biden is ready to discuss the debt ceiling with congressional leaders at the White House in a high-profile session with reverberations across the globe as early outlines of a potential deal begin to emerge despite painstakingly slow negotiations. Raising

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Pacific Island leaders say rich countries are not doing enough to control climate change

By JINTAMAS SAKSORNCHAI Associated Press BANGKOK (AP) — Pacific Island leaders have criticized rich countries for not doing enough to control climate change despite being responsible for much of the problem, and for profiting from loans provided to vulnerable nations to mitigate the effects. Leaders and representatives from Pacific Island nations demanded at a U.N.

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Warren Buffett’s company recommits to Bank of America stock while dumping other banks

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Investor Warren Buffett recommitted to Bank of America during the first quarter while dumping two other bank stocks as part of a number of moves in Berkshire Hathaway’s portfolio. Many investors follow Buffett’s moves because of his successful track record. Berkshire slightly increased its 179.4

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