AP National Business

By KRISHAN FRANCIS Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka was in a political vacuum for a second day Monday 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. Protesters remained in President Gotabaya Rajapaksa’s

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares retreated Monday, except in Japan, where the benchmark Nikkei 225 index rallied after a landslide parliamentary election victory by the ruling Liberal Democratic Party. Concerns about global inflation and interruptions to economic activity brought on by the coronavirus pandemic are adversely affecting investor sentiment

By ZEN SOO AP Technology Writer HONG KONG (AP) — Shares of Chinese technology firms Alibaba and Tencent have tumbled after Chinese regulators fined their subsidiaries for failing to disclose transactions and not complying with anti-monopoly rules. E-commece giant Alibaba’s shares in Hong Kong dropped 6.8%. Gaming and social media company Tencent Holdings sank more

By KRISHAN FRANCIS Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka is in a political vacuum for a second day Monday 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 economic woes. Protesters remained in President Gotabaya Rajapaksa’s residence,

By JOE McDONALD AP Business Writer BEIJING (AP) — Losing money due to COVID, the American casino giants that helped make Macao the “Las Vegas of Asia” face a fresh challenge: The tiny Chinese territory wants them to help reduce its reliance on gambling by paying to build theme parks and other attractions. The former

By JOSEPH KRAUSS Associated Press For more than two years, the Biden administration has said that Palestinians are entitled to the same measure of “freedom, security and prosperity” enjoyed by Israelis. Instead, they’ve gotten U.S. aid and permits to work inside Israel and its Jewish settlements. The inconsistency is likely to come up when President

By KRISHAN FRANCIS Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka is in a political vacuum for a second day Monday 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 economic woes. Protesters remained in President Gotabaya Rajapaksa’s residence,

BEIJING (AP) — Streets in the gambling center of Macao are empty after casinos and most other businesses were ordered to close while the Chinese territory near Hong Kong fights a coronavirus outbreak. Residents were told to stay indoors unless they are buying food or other necessities. Authorities warned that anyone violating the rules would

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares were mostly lower on Monday, although Japan’s benchmark rallied, welcoming a landslide parliamentary election victory by the ruling Liberal Democratic Party. Concerns about global inflation and interruptions to economic activity brought on by the coronavirus pandemic are adversely affecting investor sentiment. The tide may

By KRUTIKA PATHI Associated Press NEW DELHI (AP) — As Sri Lanka’s crisis peaked this weekend, two men in the center of the turmoil brought about by the country’s economic collapse promised they would heed the call of tens of thousands of protesters and resign. One is President Gotabaya Rajapaksa, the last of six members

The Associated Press WASHINGTON (AP) — As Uber aggressively pushed into markets around the world, the ride-sharing service lobbied political leaders to relax labor and taxi laws, used a “kill switch” to thwart regulators and law enforcement, channeled money through Bermuda and other tax havens and considered portraying violence against its drivers as a way

By KRISHAN FRANCIS Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s opposition parties met Sunday to agree on a new government a day after the president and prime minister offered to resign following the most dramatic day of monthslong turmoil, with protesters storming the leaders’ homes in rage over an economic crisis. Protesters remained

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline plunged 19 cents over the past two weeks to $4.86 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the continued decline comes as crude oil costs also fall. “Assuming oil prices do not shoot up from here, motorists may

By KEN MORITSUGU Associated Press BEIJING (AP) — A large crowd of angry Chinese bank depositors faced off with police Sunday, some roughed up as they were taken away, in a case that has drawn attention because of earlier attempts to use a COVID-19 tracking app to prevent them from mobilizing. Hundreds of people held

By LINDSEY BAHR AP Film Writer Four movies in, Thor is still bringing the hammer down at the box office. “ Thor: Love and Thunder ” earned $143 million in its opening weekend in North America, according to studio estimates Sunday. It’s a franchise best for the God of Thunder and another success story of

By STEVE KARNOWSKI Associated Press MINNEAPOLIS (AP) — When the Houston Firefighters Relief and Retirement Fund bought $25 million in cryptocurrencies, with the fund’s chief investment officer touting their potential, retired fire Capt. Russell Harris was concerned. Harris, 62, has attended the funerals of 34 firefighters killed in the line of duty. He was already

By ROGER SCHNEIDER Associated Press HIGHLAND PARK, Ill. (AP) — A business district that had been blocked since the deadly July 4 parade mass shooting in the Chicago suburb of Highland Park has reopened. The 2-block by 3-block area that reopened Sunday consists largely of small shops and restaurants. It had been blocked off with

By MICHAEL GOLDBERG Associated Press/Report for America JACKSON, Miss. (AP) — When Antonio McGowan left the Mississippi State Penitentiary at Parchman after serving 17 years, he was free for the first time since he was 15. But as an adult finally out from behind bars, he immediately found himself confined to menial labor. McGowan needed