AP National Business

By KRISHAN FRANCIS Associated Press COLOMBO, Sri Lanka (AP) — A political vacuum continues in Sri Lanka with opposition leaders yet to agree on who should replace its roundly rejected leaders, whose residences are occupied by protesters angry over the country’s deep economic woes. Embattled President Gotabaya Rajapaksa has agreed to resign, according to the

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Stocks fell in afternoon trading on Wall Street Monday as markets turned cautious ahead of earnings reports from big U.S. companies and updates on how badly inflation is hitting American businesses and households. The S&P 500 fell 1% as of 12:01 p.m. Eastern. The

BERLIN (AP) — Germany’s biggest industrial union says it will seek an 8% wage increase for millions of manufacturing workers in upcoming pay talks, a demand that is just above the country’s current inflation rate. The IG Metall union’s demand comes as Chancellor Olaf Scholz seeks to find ways with unions and employers to address

NEW YORK (AP) — Stocks are opening lower on Wall Street as markets turn cautious ahead of earnings reports from big U.S. companies starting this week and more reports that will show how badly inflation is hitting American businesses and households. The S&P 500 fell 1.1% in the early going Monday, while drops in technology

By KIMBERLY PALMER of NerdWallet If you need to make a big purchase this year, such as an appliance or piece of furniture, consider your timing: Buying on certain weekends or other periods known for discounts can lead to significant savings, which is especially valuable given current inflation rates. It’s also worth it to take

Associated Press NEW YORK (AP) — Shares of Twitter slid more than 11% in the first day of trading after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and the social media platform vowed to challenge Musk in court to uphold the agreement. Twitter is now preparing to

LONDON (AP) — Former Formula One boss Bernie Ecclestone will be charged with fraud by false representation following a government investigation into his overseas assets, British prosecutors said Monday. Chief Crown Prosecutor Andrew Penhale said after reviewing evidence from the tax office, authorities have authorized a charge against Ecclestone over his failure to declare overseas

By MSTYSLAV CHERNOV Associated Press KHARKIV, Ukraine (AP) — Russian President Vladimir Putin signed a decree on Monday expanding a fast-track procedure to receive Russian citizenship to all Ukrainians, in yet another effort to expand Moscow’s influence in war-torn Ukraine. Until recently, only residents of Ukraine’s eastern Donetsk and Luhansk regions, as well as residents

By DEE-ANN DURBIN AP Business Writer Subway has a new recipe for success: fewer stores and a bigger menu. In early July, the 57-year-old sandwich chain introduced the Subway Series, a menu of 12 chef-developed sandwiches that can be ordered by name or number. The Monster, for example, combines steak, bacon, cheddar, green peppers, red

By MSTYSLAV CHERNOV Associated Press KHARKIV, Ukraine (AP) — As Russian missiles struck a key Ukrainian city, Russian President Vladimir Putin expanded a fast-track procedure for obtaining Russian citizenship to all Ukrainians on Monday, another effort to strengthen Moscow’s influence over war-torn Ukraine. Until recently, only residents of Ukraine’s separatist eastern Donetsk and Luhansk regions,

NEW YORK (AP) — U.S. futures are down with corporate earnings season kicking off this week amid rising anxiety over how companies are navigating soaring inflation, and news about the spread of a new coronavirus variant. Also this week, the U.S. will release fresh data about rising costs for both companies and families with inflation

By MIKE CORDER Associated Press THE HAGUE, Netherlands (AP) — The European Union says it’s “critical” that authorities in the 27-nation bloc consider giving second coronavirus booster shots to people between the ages of 60 and 79 years and other vulnerable people. A new wave of the pandemic is sweeping across Europe. European Commissioner Stella

Associated Press NEW YORK (AP) — Shares of Twitter slid more than 6% before the opening bell Monday after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and the social media platform vowed to challenge Musk in court to uphold the agreement. Musk alleged Friday that Twitter has

LONDON (AP) — London’s Heathrow Airport has apologized to passengers whose travels have been disrupted by staff shortages. The airport warned that it may ask airlines to cut more flights from their summer schedules to reduce the strain if the chaos persists. Heathrow, Britain’s busiest airport, said service levels have been unacceptable at times in

By JILL LAWLESS Associated Press LONDON (AP) — Candidates to replace Boris Johnson as Britain’s prime minister are scattering tax-cutting promises to woo their Conservative Party members. They are campaigning as party officials set out rues to narrow the field of almost a dozen candidates to two contenders by next week. Voting starts Wednesday. So

By MSTYSLAV CHERNOV Associated Press KHARKIV, Ukraine (AP) — Russian shelling of Ukraine’s second-largest city killed at least three people on Monday and injured scores, including children, the local administrator said. The shelling came just hours after three missile strikes on Kharkiv which the official described as “absolute terrorism.” Kharkiv regional Gov. Oleh Syniehubov said

By YURI KAGEYAMA Associated Press TOKYO (AP) — The Unification Church confirmed the mother of the man accused of assassinating former Japanese Prime Minister Shinzo Abe is a member and said it was cooperating with the police investigation into possible motives. Police say the suspect, Tetsuya Yamagami, told investigators he wanted to kill Abe because

By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — For the first time, a pharmaceutical company has asked for permission to sell a birth control pill over the counter in the U.S. HRA Pharma’s application on Monday sets up a high-stakes decision for health regulators amid legal and political battles over women’s reproductive health. The

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Shares have opened lower in Europe after most Asian markets also fell, haunted by worries over the threat of recession and coronavirus outbreaks. U.S. futures and oil prices declined, while Japan’s benchmark rallied after the ruling Liberal Democratic Party garnered a landslide parliamentary election victory. The