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By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Global shares rose Friday amid mixed signs for investors such as rising energy prices and COVID-19 restrictions easing in China. European shares edged up in early trading, with France’s CAC 40 gaining 0.3% to 6,517.73. Germany’s DAX added 0.3% to 14,528.45, while trading was closed in
Continue Reading By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Toshiba executives said Friday that privatization remains an option for the Japanese technology company, as they defended their efforts to choose the right bidder to restore what they called “a strong Toshiba.” Tokyo-based Toshiba has been trying to win over shareholders to a restructuring plan. The
Continue Reading ANKARA, Turkey (AP) — Official data show annual inflation in Turkey hit 73.5% in May as a cost-of-living crisis in the country deepens. The Turkish Statistical Institute reported Friday that the inflation rate represented an increase of almost 70% from the month before and was the highest since 1998. While many countries are seeing a
Continue Reading By KIM TONG-HYUNG Associated Press SEOUL, South Korea (AP) — President Joe Biden’s special envoy for North Korea said Friday the United States is “preparing for all contingencies” in close coordination with its South Korean and Japanese allies as it monitors North Korean arrangements for a possible nuclear test explosion that outside officials say could
Continue Reading By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — After months of robust hiring, U.S. employers might have pulled back slightly in May, to levels that would still be consistent with a healthy job market, despite high inflation and rising borrowing costs. Economists have estimated that the nation added a solid 325,000 jobs last month,
Continue Reading By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares rose Friday amid mixed signs for investors such as rising energy prices and COVID-19 restrictions easing in China. Trading was closed in China for the Dragon Boat Festival, a national holiday. Benchmarks in the rest of the region edged higher, cheered by a rally
Continue Reading DENVER (AP) — Frontier Airlines is sweetening its offer for Spirit Airlines just a week before Spirit shareholders vote on the deal. Spirit and Frontier said late Thursday that they have amended their agreement, and Frontier will pay a $250 million termination fee if it can’t complete the deal. JetBlue, which is also trying to
Continue Reading By MICHAEL LIEDTKE AP Technology Writer California regulators on Thursday gave a robotic taxi service the green light to begin charging passengers for driverless rides in San Francisco, a first in a state where dozens of companies have been trying to train vehicles to steer themselves on increasingly congested roads. The California Public Utilities Commission
Continue Reading CHICAGO (AP) — Chicago Public Media on Thursday named Jennifer Kho to be the executive editor of the Chicago Sun-Times. Kho, the former managing editor of HuffPost and Guardian US, will be the first woman and the first person of color to lead the Sun-Times newsroom. She will start her new position Wednesday and relocate
Continue Reading PUEBLO, Colo. (AP) — Two workers have been killed in a slide on a coal pile at a southern Colorado electricity generating plant. Witnesses say the workers were buried when the slide happened on the 80-foot-tall pile at the Comanche Generating Station in Pueblo on Thursday. Pueblo Fire Department spokesman Erik Duran says rescuers located
Continue Reading By HALELUYA HADERO AP Business Writer Congressional Democrats are accusing Amazon of obstructing their investigation into the company’s labor practices during severe weather events. Amazon’s policies have been under scrutiny since the deadly collapse of a company warehouse last year in Edwardsville, Illinois. Regulators found Amazon’s Edwardsville facility met minimal federal safety requirements for storm
Continue Reading By NICHOLAS RICCARDI Associated Press DENVER (AP) — The U.S. Air Force changed its procedures to move the U.S. Space Command from Colorado to Alabama after President Donald Trump’s re-election loss in 2020. That’s the finding of a new report from Congress’ General Accounting Office. The report says Trump was at the White House meeting
Continue Reading By LARRY NEUMEISTER Associated Press NEW YORK (AP) — A jury said it was deadlocked Thursday in its deliberations of charges against a Colorado businessman accused of defrauding thousands of investors in a wall along the southern U.S. border hours after 11 jurors turned against one juror, accusing him of “political bias” and saying he’d
Continue Reading PUEBLO, Colo. (AP) — A search is on in southern Colorado for two workers who were buried in a coal pile. Witnesses say the workers were buried when a slide happened on the 80-foot-tall pile at the Comanche Generating Station electrical power facility in Pueblo on Thursday morning. Pueblo Fire Department spokesman Erik Duran says
Continue Reading NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: MongoDB, Chewy rise; Ciena, Hewlett Packard Enterprise fall
Continue Reading By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Stocks on Wall Street overcame a shaky start to close broadly higher Thursday, as the major indexes more than made up for their losses earlier in the holiday-shortened week. The S&P 500 rose 1.8%, with more than 85% of the stocks
Continue Reading By FATIMA HUSSEIN and TOM MURPHY Associated Press WASHINGTON (AP) — A stronger-than-expected economic recovery from the pandemic has pushed back the go-broke dates for Social Security and Medicare, but officials warn that the current economic turbulence is putting additional pressures on the bedrock retirement programs. The annual Social Security and Medicare trustees report released
Continue Reading WARSAW, Poland (AP) — The European Commission chief says the disbursement of pandemic recovery funds to Poland depends on the government’s ensuring of judicial independence. Commission President Ursula von der Leyen was in Warsaw Thursday to officially confirm the EU executive’s long-delayed approval of Poland’s pandemic recovery plan, which would enable conditional release of billions
Continue Reading By JOHN LEICESTER and ELENA BECATOROS Associated Press KYIV, Ukraine (AP) — Ukrainian forces in the country’s east are locked in a grinding battle as they try to prevent significant Russian advances before the arrival of advanced rockets and anti-aircraft weapons pledged by Western nations. With the weapons deliveries possibly weeks away, military analysts say
Continue Reading By JADE LE DELEY Associated Press PARIS (AP) — A group of NGOs have filed a lawsuit against three French arms manufacturers for what they claim was their complicity in alleged war crimes in Yemen. They accuse Dassault Aviation, Thales Group and MBDA France of selling weapons and equipment to the coalition led by Saudi
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