AP Business
Business and economic news from the Associated Press.
Latest stories
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UK air traffic controller blames a millisecond-software glitch for flight cancellations
LONDON (AP) — A preliminary report Friday blamed a millisecond-software defect for the cancellation of over 2,000 flights in and out of the United Kingdom last week.
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Kremlin orders Russia businesses of Nestle, Auchan seized
FRANKFURT, Germany (AP) — The Kremlin has ordered the Russian businesses of Swiss-based food and beverage company Nestle and French retailer Auchan placed in temporary administration, procedure that previously has led to the forced sale of Western businesses to Russian owners at knockdown prices.
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One thing that hasn’t changed in 250 years: Americans’ willingness to get suckered
NEW YORK (AP) — America: land of possibility. And also: land of suckers.
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Scientists hope deeper-rooted soybeans can withstand climate extremes and store more carbon
CHAMPAIGN, Ill. (AP) — Research scientist Ashish Rajurkar kneels in the dirt, lifting a large clod of soil tangled around a soybean plant. He knocks away pieces of earth from the plant's roots, which slope straight down instead of out to the side like typical soybean plants.
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Warren Buffett gives up chairman title at Berkshire Hathaway in the next step of his succession plan
Warren Buffett is stepping down as chairman of Berkshire Hathaway in the next step of the transition at the top of the $1 trillion conglomerate he led for more than six decades.. The company said Friday that the 96-year-old Buffett will take become chairman emeritus and will take on his new role...
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Jon Stewart explains his ongoing philanthropic support of first responders
Jon Stewart says he never really decided to focus his charity efforts on first responders and their families. It just happened.
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EU chief floats 'associate membership' for Canada. But that doesn't exist yet
BRUSSELS (AP) — By opening the door this week for Canada to become the first “associate member” of the European Union, European Commission President Ursula von der Leyen offered Prime Minister Mark Carney hope, but also an illusion.
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Malaysia's king allows former leader Najib to serve rest of his graft sentence under house arrest
KUALA LUMPUR, Malaysia (AP) — Malaysia’s king on Friday granted former Prime Minister Najib Razak a rare royal clemency, allowing him to serve the remainder of his prison term for graft under house arrest.
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Russia's wartime economy faces long-term erosion from debt and military spending
FRANKFURT, Germany (AP) — The frictions in Russia’s wartime economy are growing, as massive military spending balloons the budget deficit. Consumers and businesses are gloomier. Growth has slowed.
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Kauai small businesses ask tourists to return after Hurricane Lowell, with aloha and some patience
Watching her staff happily hand out free meals for hundreds of residents outside their Wailua commercial kitchen, food truck co-owner Kelly Kakalia felt fulfilled.
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Wall Street drifts as bond yields rise and oil prices swing
Wall Street is drifting toward the finish of an up-and-down week, and U.S. stock indexes are mixed as bond yields rise and oil prices swing. The S&P 500 fell 0.1% in morning trading on Friday. The Dow Jones Industrial Average dropped 235 points, and the Nasdaq composite was nearly unchanged. The ...
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Japan's central bank raises benchmark interest rate to 1.25%
TOKYO (AP) — Japan’s central bank on Friday raised the benchmark interest rate to 1.25% from 1.0%, a 31-year-high.
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Africa's urban waste crisis is outpacing infrastructure investment and choking neighborhoods
JOHANNEBURG (AP) — Two men sit on top of a hill at the end of a narrow road in Johannesburg ’s industrial suburb of Kya Sands. But the hill is no natural feature — it is a mountain of illegally dumped trash, piled so high it now swallows the road beyond.
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Anthropic says its model Claude is helping to build the next version of itself
Anthropic has announced that its AI model, Claude, is significantly aiding in the development of building its successor. Claude is handling 26% of the model research and development for Anthropic, completing tasks under human supervision. Although Claude isn't fully autonomous, it collaborates on...
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A sweeping US sanctions bill offers Ukraine new leverage on Russia, but enforcement looms
KYIV, Ukraine (AP) — Ukraine has long argued that Russia will only negotiate seriously if the cost of continuing the war becomes too high.
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Killing endangered wildlife is legal if they aren't the target, new Trump rule says
BILLINGS, Mont. (AP) — Killing endangered animals while logging a forest or building a dam would not be considered illegal unless the animals were specifically targeted, under a new interpretation of the Endangered Species Act by President Donald Trump's administration that marks a sea change in ...
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A week after Houthis seized a Red Sea city, the Iranian-backed rebels eye the oil-rich east
CAIRO (AP) — It's been a week since Yemen's Iran-backed Houthi rebels stormed down the Red Sea coast, extending their reach to a key maritime chokepoint and threatening Saudi Arabia's oil exports.
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Why the Federal Reserve is lifting rates now, and what it means
WASHINGTON (AP) — About six weeks ago, Federal Reserve Chairman Kevin Warsh announced that a divided central bank was keeping its key interest rate unchanged.
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Brazil’s Lula announces 15% increase in flagship welfare payments ahead of key election
RIO DE JANEIRO (AP) — Brazilian President Luiz Inácio Lula da Silva signed a decree on Thursday increasing benefits under his flagship welfare program by 15%, weeks before the first round of the presidential elections.
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Judge orders Kennedy Center to provide 30 days’ notice before making any major physical changes
A federal judge has ordered the Kennedy Center to provide 30 days’ notice before making any major physical changes to the building, including demolishing it as President Donald Trump has threatened. U.S. District Judge Christopher Cooper said Thursday his ruling would “avoid any confusion on that...
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Prenatal appointments and no place to pump: Navigating pregnancy and postpartum needs at work
NEW YORK (AP) — The ambulance dispatch station where Heydi Fernandez waited for calls as an emergency medical technician didn't have a private place to pump breast milk when she returned to work three months after giving birth to her son.
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Caitlin Clark’s Nike signature shoe arrives Oct. 1, with 'Caitlin Blue' and 'Warning Code Yellow'
Caitlin Clark doesn't have much longer to wait for her first signature shoe to come out.
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Claims for unemployment benefits drop to 196,000, lowest since mid-July as layoffs remain low
WASHINGTON (AP) — The number of people applying for unemployment benefits dropped sharply last week, another sign that layoffs remain rare and most Americans enjoy job security.
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Serbia's President Vucic inaugurates assembly factory for Israel-made drones
BELGRADE, Serbia (AP) — Serbia's President Aleksandar Vucic said Thursday he has inaugurated an assembly factory for Israel-made drones in the Balkan country to boost its military.
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US mortgage rates brush 7%, weighing on buyers, sellers and further straining a bleak housing market
Home shoppers holding out for relief from rising mortgage rates may be in for a long wait.
