AP National Business

By GEIR MOULSON Associated Press BERLIN (AP) — Russia’s Gazprom has announced a reduction in natural gas flows through a key European pipeline for the second day in a row, hours after Germany’s vice chancellor said its initial move appeared to be political rather than a result of techical problems. The state-owned energy giant said

ANKARA, Turkey (AP) — Turkey’s president is on a big push to rebrand the nation and its assets but he has changed his mind about what the national airlines should be called. President Recep Tayyip Erdogan says Turkish Airlines will now be known internationally by its Turkish name of “Türk Hava Yolları” (tuerk hah-VAH yole-lah-RUH).

By JESSICA GRESKO Associated Press WASHINGTON (AP) — The Supreme Court says the federal government improperly lowered drug reimbursement payments to hospitals and clinics that serve low-income communities. The reduction ended up costing those facilities more than a billion dollars annually. The high court ruled unanimously in a case involving payments for drugs, largely for

CHESTERFIELD, Va. (AP) — Global toy manufacturer the LEGO Group plans to invest more than $1 billion to build a factory in suburban Richmond, Virginia. Gov. Glenn Youngkin made the announcement Wednesday. The factory is expected to open in 2025. It will feature a carbon-neutral design including an on-site solar park and will employ more

By STAN CHOE AP Business Writer NEW YORK (AP) — U.S. stocks are rallying Wednesday, on track for their first gain in six days, but more turbulence may be ahead when the Federal Reserve announces in the afternoon how sharply it’s raising interest rates. The S&P 500 was 1% higher as investors ready for the

SOFIA, Bulgaria (AP) — Bulgarian Prime Minister Kiril Petkov’s centrist coalition government will face a no-confidence vote brought by the main opposition party. It will be the first such vote since the government took power at the end of last year. The GERB party of former Prime Minister Boyko Borissov is accusing the government of

DETROIT (AP) — Ford is recalling over 2.9 million vehicles to fix a transmission problem that can increase the risk of inadvertent rollaway crashes. The recall covers certain 2013 to 2019 Escape, 2013 to 2018 C-Max, 2013 to 2016 Fusion, 2013 to 2021 Transit Connect, and 2015 to 2018 Edge vehicles. The National Highway Traffic

BERLIN (AP) — Germany’s vice chancellor says Russia’s announcement that it would reduce natural gas flows through a key European pipeline by roughly 40% appears to be a political move rather than a result of technical problems. Russia’s state-controlled energy giant Gazprom also told Italian gas giant Eni that it would reduce gas through a

LONDON (AP) — Budget airline Ryanair says it has scrapped its controversial Afrikaans language test for South African travelers aimed at weeding out people with phony passports. The Dublin-based airline changed its policy of requiring South African travelers to the U.K. to pass the quiz after the furor erupted earlier this month. Ryanair CEO Michael

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Americans trimmed their spending unexpectedly in May compared with the month before, underscoring how surging inflation on daily necessities like gas is causing them to be more cautious about buying discretionary items. U.S. retail sales fell 0.3% last month, down from a revised 0.7% increase

By TOM KRISHER AP Auto Writer DETROIT (AP) — Tesla reported 273 crashes involving partially automated driver-assist systems, according to statistics about the industry released by U.S. safety regulators on Wednesday. The National Highway Traffic Safety Administration cautioned against using the numbers to compare automakers, saying it didn’t weight them by the number of vehicles

By MATTHEW DALY Associated Press WASHINGTON (AP) — The Environmental Protection Agency is warning that two nonstick and stain-resistant compounds in drinking water pose health risks at levels so low they cannot currently be detected. Most uses of “forever chemicals” known as PFOA and PFOS have been voluntarily phased out by U.S. manufacturers. But there

NEW YORK (AP) — U.S. markets were poised to rebound Wednesday ahead of expected action from the Federal Reserve to raise interest rates in its ongoing effort to cool inflation. Futures for the Dow Jones Industrial Average rose 0.6% and futures for the S&P 500 gained 0.8% while oil prices dipped. Economists believe the Fed

BERLIN (AP) — The German government has unveiled a bill to resolve a long-running dispute between federal authorities and the country’s 16 states over where to build land-based wind power plants. Some German states have bristled at proposals that would require them to set aside at least 1.4% of their surface for wind parks by

MADRID (AP) — A Spanish foundation has recognized four scientists for their pioneering work in artificial intelligence. The four were named recipients on Wednesday of the 2022 Princess of Asturias Award for Technical and Scientific Research. The foundation that gives out the Princess of Asturias Awards honored Geoffrey Hinton, Yann LeCun and Yoshua Bengio for

By The Associated Press The European Central Bank’s rate-setting council will hold an unscheduled meeting “to discuss market conditions” as borrowing costs for several countries have risen after the bank said it would raise interest rates. The bank announced the hikes in July and September without specifying how it would protect countries if borrowing costs

BRUSSELS (AP) — A European Union court on Wednesday invalidated a decision by the bloc’s executive arm to fine technology company Qualcomm more than $1 billion in an antitrust case. In overruling the European Commission, the Luxembourg-based General Court cited “a number of procedural irregularities” that affected the American company’s defense rights and rejected the