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NICOSIA, Cyprus (AP) — A representative of the Cyprus Central Bank says nine Lebanese banks are shutting down their operations on the island. The representative said the banks will close their branches within a period of time that will allow them to wind down operations in an orderly fashion. He said the shuttering of the
Continue Reading By RAHIM FAIEZ Associated Press ISLAMABAD (AP) — The Taliban say they’ve signed a deal allowing an Emirati company to manage three airports in Afghanistan after the fall of the country’s U.S.-backed government. However, the United Arab Emirates didn’t immediately acknowledge the deal on Tuesday. The Taliban announced that under the deal, the Abu Dhabi-based
Continue Reading By ALEX VEIGA and REBECCA BOONE Associated Press Americans on the cusp of retiring are facing a tough choice as they watch their nest eggs shrink: Stay the course or keep working. A stock market slump this year has taken a big bite out of investors’ portfolios, including retirement plans like 401(k)s. The S&P 500,
Continue Reading By SARA RATHNER of NerdWallet We are surrounded by bad money advice — from social media, from influencers and even from friends and family. Bad money advice might be oversimplified, ignoring the particulars of your personal situation. It could be outdated or based on harmful stereotypes. It may come in the form of a get-rich-quick
Continue Reading By ELENA BECATOROS, OLEKSANDR STASHEVSKYI and RICARDO MAZALAN Associated Press KYIV, Ukraine (AP) — Workers digging through rubble found 200 bodies in Mariupol, Ukrainian authorities said Tuesday, another grim discovery in the ruined port city that has seen some of the worst suffering of the 3-month-old war. The bodies found in the basement of a
Continue Reading By KRISHAN FRANCIS Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s navy says that it has arrested 67 people who it believes were trying to travel by sea to Australia illegally. The navy said in a statement that 12 men were arrested first near the eastern port town of Trincomalee on Monday. Upon questioning
Continue Reading By ELENA BECATOROS, OLEKSANDR STASHEVSKYI and RICARDO MAZALAN Associated Press KYIV, Ukraine (AP) — Ukrainian President Volodymyr Zelenskyy accused Russia of waging “total war,” seeking to inflict as much death and destruction as possible as in three months of conflict, as fighting raged Tuesday in the eastern Donbas region. Russian forces have intensified efforts to
Continue Reading By MARIA CHENG AP Medical Writer LONDON (AP) — World Health Organization director-general Tedros Adhanom Ghebreyesus is expected to be confirmed by the U.N. health agency’s member countries for a second five-year term. No other candidate challenged him for the post amid the ongoing difficulties of responding to the devastating coronavirus pandemic. Tedros is a
Continue Reading By PETER PRENGAMAN Associated Press DAVOS, Switzerland (AP) — As government officials, corporate leaders and other elites at the World Economic Forum grapple with how to confront climate change and its devastating effects, a central question is emerging: to what extent can oil and gas companies be part of a transition to lower-carbon fuels? In
Continue Reading By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Global shares declined Tuesday as worries over inflation tempered optimism over President Joe Biden’s remark that he was considering reducing U.S. tariffs on Chinese imports. European shares fell in early trading, with France’s CAC 40 down 1.3% at 6,275.73. Germany’s DAX dipped nearly 1.0% to 14,038.93,
Continue Reading By ELENA BECATOROS, OLEKSANDR STASHEVSKYI and RICARDO MAZALAN Associated Press KYIV, Ukraine (AP) — Heavy fighting was raging in Ukraine’s eastern Donbas region, where Russian forces have stepped up their bombardments beyond the frontlines, Britain’s Defense Ministry said Tuesday. Moscow faces stiff Ukrainian resistance to its effort to encircle the area around the city of
Continue Reading By SYLVIA HUI Associated Press LONDON (AP) — For many struggling families, older people and the homeless, Michelle Dornelly’s food hub in east London has been a lifeline. Since the COVID-19 pandemic hit Britain, she has been collecting surplus groceries from supermarkets and distributing them to people who can’t afford to buy food. While the
Continue Reading By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares were lower on Tuesday as worries over inflation tempered optimism over President Joe Biden’s remark that he was considering reducing U.S. tariffs on Chinese imports. Benchmarks fell in Japan, Australia, South Korea and China, although some of the indexes had been higher earlier in
Continue Reading By HUIZHONG WU and ANIRUDDHA GHOSAL Associated Press TAIPEI, Taiwan (AP) — China is trying to navigate its biggest coronavirus outbreak without a tool it could have adopted many months ago, the kind of vaccines that have proven to offer the best protection against the worst outcomes from COVID-19. As early as the spring of
Continue Reading BEIJING (AP) — Airbnb Inc. will stop listing homes and experiences inside China this summer and instead focus its business in the country on serving Chinese tourists looking for lodgings abroad, a company official said on social media Tuesday. Airbnb began listings in China in 2016, but they have still accounted for only about 1%
Continue Reading By ELENA BECATOROS, OLEKSANDR STASHEVSKYI and RICARDO MAZALAN Associated Press KYIV, Ukraine (AP) — A Ukrainian court sentenced a captured Russian soldier to the maximum penalty of life in prison for killing a civilian and the Kremlin hinted that it may put on trial some of the fighters who surrendered at Mariupol’s steelworks. Meanwhile, in
Continue Reading By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares were mostly lower on Tuesday as worries over inflation tempered optimism over President Joe Biden’s remark that he was considering reducing U.S. tariffs on Chinese imports. Benchmarks fell in Tokyo, Seoul, Shanghai and Hong Kong but rose slightly in Sydney. Oil prices and U.S.
Continue Reading By KRISHAN FRANCIS Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka received a first shipment of a $16 million humanitarian aid package from neighboring India to help mitigate severe shortages caused by the country’s devastating economic crisis. The goods worth $5.6 million include rice, milk powder and essential medicines. It was donated by the
Continue Reading By ADAM BEAM Associated Press SACRAMENTO, Calif. (AP) — California could soon hold social media companies responsible for harming children who have become addicted to their products, permitting parents to sue platforms like Instagram and TikTok for up to $25,000 per violation under a bill that passed the state Assembly on Monday. The bill defines
Continue Reading DETROIT (AP) — Stellantis has scheduled an announcement for Tuesday in Kokomo, Indiana, for what could be the company’s second North American electric vehicle battery factory. The company says it will give an update on the future of its Kokomo operations Tuesday afternoon. Stellantis, formed last year with the merger of Fiat Chrysler and France’s
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