AP National Business

BRUSSELS (AP) — European Union lawmakers are set to vote on the future of combustion engine vehicles. Wednesday’s vote is part of proposed EU legislation to step up the fight against global warming. Cars account for around 12% of European emissions of th gases blamed for climate change. The spotlight Wednesday is on a provision

By AYSE WIETING and SUZAN FRASER Associated Press ANKARA, Turkey (AP) — Russia and Turkey voiced support Wednesday for the creation of a safe maritime corridor in the Black Sea so Ukraine can export grain to global markets amid an escalating world food crisis. But Russia demanded that the Black Sea be demined and Turkey

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Stocks edged lower in morning trading on Wall Street Wednesday and trading remained choppy as investors try to determine how rising interest rates and inflation will impact the economy. The S&P 500 fell 0.2% as of 10:22 a.m. Eastern. The Dow Jones Industrial Average

NEW YORK (AP) — Banks and technology companies are leading stocks lower in morning trading on Wall Street early Wednesday, but major indexes are still holding on to gains for the week. The S&P 500 slipped 0.5% in the early going and the Dow Jones Industrial Average gave back 0.6%. Wells Fargo fell 1.5% in

MADRID (AP) — The European Union’s law enforcement agency says Spanish police have dismantled two major drug trafficking networks that used corrupt police officers as part of operations to ship tons of cocaine and hashish into Western Europe. Europol said in a statement Wednesday that 61 people had been arrested including five Spanish Civil Guard

By AYSE WIETING and SUZAN FRASER Associated Press ANKARA, Turkey (AP) — Russia and Turkey on Wednesday voiced support for the creation of a safe maritime corridor in the Black Sea so Ukraine can export grain to global markets amid an escalating world food crisis. A Turkish minister said the move should also be accompanied

Associated Press NEW YORK (AP) — Major U.S. markets slipped before the opening bell Wednesday as broad concerns about interest rates, inflation and the war in Ukraine continue to weigh on investors. Futures for the Dow Jones industrials ticked down 0.4% and gave up 0.3% on the S&P 500. Most Asian markets finished in positive

Associated Press Spirit Airlines, the target of a budget airline bidding war, is postponing a Friday vote on whether to accept one of those buyout offers after a flurry of counter proposals from JetBlue and Frontier Airlines. The Miramar, Florida, carrier had scheduled a special shareholders meeting at the end of the week asking investors

By KELVIN CHAN AP Business Writer LONDON (AP) — The Organization for Economic Cooperation and Development says Russia’s war in Ukraine and the energy and food crises it worsened will severely drag down global economic growth and push up inflation this year. The Paris-based group on Wednesday said China’s “zero-COVID” policy that has scrambled manufacturing

By LAURAN NEERGAARD AP Medical Writer Moderna’s experimental COVID-19 vaccine that combines its original shot with protection against the omicron variant appears to work, the company announced Wednesday. COVID-19 vaccine makers are studying updated boosters that might be offered in the fall to better protect people against future coronavirus surges. Moderna’s preliminary study results show

By DEE-ANN DURBIN AP Business Writer It’s the inflation you’re not supposed to see. From toilet paper to yogurt and coffee to corn chips, manufacturers are quietly shrinking package sizes without lowering prices. It’s dubbed “shrinkflation,” and it’s accelerating worldwide. In the U.S., a small box of Kleenex now has 60 tissues; a few months

By JACKIE VELING of NerdWallet Large summer toys, like boats and RVs, are expensive, and few people can cover the purchase price outright. If you need to borrow money to pay for a summer vehicle, a secured loan is typically the most affordable option. Many lenders also offer unsecured loans. Smaller purchases, like a jet

By BERNAT ARMANGUÉ and YURAS KARMANAU Associated Press BAKHMUT, Ukraine (AP) — Ukrainian forces battling Russian troops in a key eastern city appeared on the cusp of retreat Wednesday, though the regional governor insisted they are still fighting “for every centimeter” of the city. The urban battle for Sievierodonetsk testified to the painstaking, inch-by-inch advance

BEIRUT (AP) — A Lebanese Cabinet minister says Lebanon will soon launch an international tender for the construction of a new terminal at the country’s only international airport in Beirut. The airport that had a major facelift after the country’s 1975-90 civil war has been working on full capacity for years and the government’s plans

BRUSSELS (AP) — Ireland’s prime minister says Britain appears to have no political will to resolve its festering trade dispute with the European Union. Irish Prime Minister Micheal Martin said he thinks the British government’s attitude could imperil the hard-won peace in Northern Ireland. The British government is expected to publish a draft law in

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — European markets opened mostly lower Wednesday after a day of gains in Asia as investors awaited greater clarity on where interest rates, inflation and economies are heading. Germany’s DAX slipped 0.3% to 14,517.96 while the CAC 40 in Paris shed 0.2% to 6,489.76. Britain’s FTSE 100