AP National Business

LONDON (AP) — Britain plans to build eight new nuclear reactors and expand production of wind energy as it seeks to reduce dependence on oil and natural gas from Russia and other foreign suppliers following the invasion of Ukraine. Prime Minister Boris Johnson announced the plans Thursday as part of a new energy security strategy

By DAVID RISING Associated Press BANGKOK (AP) — India’s power sector has been targeted by hackers in a long-term operation thought to have been carried out by a state-sponsored Chinese group, a U.S.-based private cybersecurity company says in a new report. Over the last several months, the Insikt Group, the threat research division of Massachusetts-based

By MENELAOS HADJICOSTIS Associated Press NICOSIA, Cyprus (AP) — A senior U.S. diplomat says a proposed pipeline to deliver natural gas from deposits in the east Mediterranean to European markets is too expensive, not economically viable and will take too long to help countries seeking alternatives to Russian gas any time soon. U.S. Under Secretary

ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — World shares are mixed after a retreat on Wall Street spurred by comments indicating the Federal Reserve intends to more aggressively tackle inflation. Benchmarks rose in Paris and Frankfurt after declines in most Asian markets. U.S. futures fell while oil prices were higher. Minutes from the Fed’s

By ASHOK SHARMA Associated Press NEW DELHI (AP) — India plans to ramp up of its production of military equipment, including helicopters, tank engines, missiles and airborne early warning systems, to offset any potential shortfall from its main supplier Russia. Defense Ministry officials say India, with the world’s second-largest army, fourth-largest air force and seventh-largest

By JOSEPH WILSON and TARIK EL BARAKAH Associated Press RABAT, Morocco (AP) — Spanish Prime Minister Pedro Sánchez has met with Moroccan King Mohammed VI on a visit to Rabat seeking to mark the end of diplomatic tensions centered on Morocco’s disputed region of Western Sahara. Relations were damaged last April when Morocco was angered

By ZEN SOO AP Technology Writer SINGAPORE (AP) — Chinese e-commerce company JD.com says that its founder Richard Liu has left his position as CEO, the latest Chinese billionaire founder to step aside amid increased government scrutiny of the country’s technology industry. Liu will hand over the reins to JD.com’s president Xu Lei, according to

ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Asian shares have tracked a retreat on Wall Street after details from last month’s Federal Reserve meeting showed the central bank plans to be aggressive in fighting inflation. Benchmarks fell in all major regional markets, with Tokyo briefly down more than 2%. U.S. futures fell while oil

By KEVIN FREKING Associated Press WASHINGTON (AP) — Legislation punishing Russia for the war in Ukraine is finally getting a vote in the U.S. Senate. Democratic leader Chuck Schumer says the Senate will vote Thursday on ending normal trade relations with Russia and banning the importation of its oil. Both bills have been bogged down

DETROIT (AP) — Toyota customers soon won’t be able to get U.S. federal tax credits for buying electric or plug-in hybrid vehicles. Toyota’s sales chief for North American, Bob Carter, said Wednesday that the automaker expects to reach a 200,000-vehicle cap on the credits before the end of June. After that, the credits will be

By DAVID KOENIG AP Airlines Writer Investors seem to be taking a slightly dim view of JetBlue’s bid to buy Spirit Airlines for $3.6 billion. JetBlue shares fell nearly 9% Wednesday, and they are down more than 15% since news of the deal broke Tuesday. JetBlue executives are trying to convince Wall Street about the

By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — Vaccine experts are grappling with how to formulate a U.S. strategy for future COVID-19 booster campaigns. A panel of federal advisers to the Food and Drug Administration spent hours Wednesday debating key questions about updating the vaccines. They didn’t reach any firm conclusions. FDA regulators cautioned

By WILL WEISSERT and ZEKE MILLER Associated Press WASHINGTON (AP) — President Joe Biden has signed into law plans for a sweeping overhaul of the U.S. Postal Service. The measure is meant to shore up the popular but beleaguered agency’s financial future and cement six-days-a-week mail delivery. The legislation cleared Congress last month after years

By LISA RATHKE Associated Press The federal government has requested a five-year sentence for a former Vermont ski resort executive accused in a failed plan to build a biotechnology plant using tens of millions of dollars in foreign investors’ money raised through a special visa program. According to a sentencing memo filed Tuesday, William Stenger,

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Treasury Secretary Janet Yellen has told a House panel that Russia’s actions in Eastern Europe “will have enormous economic repercussions in Ukraine and beyond.” Yellen said Wednesday that globally, “spillovers from the crisis” are heightening economic vulnerabilities in many countries that are already facing higher debt burdens

DETROIT (AP) — Toyota customers soon won’t be able to get U.S. federal tax credits for buying electric or plug-in hybrid vehicles. Toyota’s sales chief for North American, Bob Carter, said Wednesday that the automaker expects to reach a 200,000-vehicle cap on the credits before the end of June. After that, the credits will be

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Spirit Airlines, Microsoft fall; Tilray, Landstar rise.

By ADAM SCHRECK and ANDREA ROSA Associated Press ANDRIIVKA, Ukraine (AP) — The mayor of the besieged port city of Mariupol has put the number of civilians killed there at more than 5,000. Meanwhile, Ukraine continues to gather evidence of Russian atrocities and braces for what could become a climactic battle for control of the