AP Business
Business and economic news from the Associated Press.
Latest stories
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The king and AI: UK monarch Charles meets with artificial intelligence leaders
LONDON (AP) — King Charles III is meeting Thursday with senior leaders from OpenAI, Anthropic, Google DeepMind and Nvidia to discuss artificial intelligence and make a plea to ensure the technology remains in the service of people and the planet.
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Huawei unveils new chip technologies as Chinese firm steps up the AI race with Nvidia
BEIJING (AP) — Chinese technology giant Huawei launched new chip technologies in a challenge to global leaders such as Nvidia that highlights the narrowing gap between China and the U.S. in artificial intelligence.
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Takaichi shuffles Japan’s Cabinet to revive sagging support, keeps key ministers
TOKYO (AP) — Japan’s Prime Minister Sanae Takaichi reshuffled her Cabinet on Thursday in a bid to turn around her waning popularity, but retained key ministers as she pursues stronger ties with the U.S.
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Asian stocks are mixed after Wall Street slips following Fed's rate hike decision
Asian shares are mixed after Wall Street closed lower following the Federal Reserve’s interest rate hike decision for the first time in three years. But U.S. futures are higher. The quarter of a percentage point increase brings the Fed’s key rate to a target range of 3.75%-4%, as it attempts to c...
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Bank of England expected to keep interest rates unchanged despite rising inflation
The Bank of England is expected to keep interest rates unchanged, despite rising inflation in the UK. Inflation has hit a five-month high due to increased fuel prices from the Iran war. Economists believe the Monetary Policy Committee will wait for more evidence of inflation affecting wages and p...
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Leaders from Lebanon, France and Jordan to discuss struggling Lebanese military
BEIRUT (AP) — The heads of state of Lebanon, France and Jordan will meet Thursday in Paris as part of an effort to drum up support for the struggling Lebanese military.
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Carney to address EU Parliament after Trump calls Canada associate membership a possible hostile act
Canadian Prime Minister Mark Carney will address the European Parliament on Thursday after President Donald Trump suggested allowing Canada to become an associate EU member could be a “hostile act” and threatened additional tariffs on Europe. European Commission President Ursula von der Leyen pro...
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Artists, promoters and venues have their own kind of power on troubled tours like Ed Sheeran's
LOS ANGELES (AP) — Concert promoters wield great power. Venue owners can too but they rarely choose to. And artists capable of filling stadiums like Ed Sheeran usually have approval over everything that happens under their name.
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LA news helicopter crashed in birthplace (and, arguably, epicenter) of 'eye-in-the-sky' reporting
Los Angeles has been viewed from above by news helicopters for nearly seven decades. When there was a wildfire, a mudslide or O.J. Simpson fleeing the police across its ribbons of highway, an “eye in the sky” tracked it and advised millions how to keep out of harm's way.
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A global AI safety strategy depends on US-China cooperation. They each see the other as the problem
HONG KONG (AP) — As concern rises over the risks of artificial intelligence, hopes for any kind of global approach depend on cooperation between the U.S. and China — superpowers that seem only to be more skeptical of each other's AI strategy.
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OpenAI flags new concerning AI behavior, to track model misalignment regularly
OpenAI has disclosed six reports on unexpected or concerning behavior in artificial-intelligence models. The company is introducing a new framework to track and disclose AI misalignment instances. This includes models acting without authorization or evading oversight. The announcement comes as U....
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China’s porcelain city carries centuries-old heritage to a new generation
China’s Jingdezhen porcelain sites were inscribed on UNESCO’s World Heritage List in 2026. The city has been a center of Chinese porcelain-making for centuries, with techniques and traditions passed down through generations of artisans. Its porcelain heritage also reflects religious and spiritual...
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Todd Boehly and Mark Walter sell Chelsea shares, Clearlake now has full control
LONDON (AP) — Todd Boehly and fellow co-owner Mark Walter have sold their stakes in Chelsea, handing full control to Clearlake Capital, the English Premier League club said on Wednesday.
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House passes bill aimed at addressing impact of data centers on energy costs
WASHINGTON (AP) — The House overwhelmingly approved a bill Wednesday that aims to have artificial intelligence data centers pay for their substantial energy needs as lawmakers used what was expected to be their final day in Washington before the midterm elections to address a growing voter concern.
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Investment firm leader gets 11 years for Ponzi scheme that bilked dozens, including Travis Kelce
ST. LOUIS (AP) — The creator of a Texas-based investment company has been sentenced to 11 years in federal prison for his role in a Ponzi scheme that prosecutors say bilked 64 victims, including Kansas City Chiefs tight end Travis Kelce.
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Divisions emerge in the tech industry over calls for a coordinated AI slowdown
Fears about out-of-control artificial intelligence and suggestions to hit the brakes on the technology's development aren't new, but they have recently found new life as warnings about rogue AI systems causing mayhem grow louder.
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Federal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cut
The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly-high inflation, a move that could spur a sharp response from the White House.
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Argentine judge orders halt to Falklands oil project as tensions with Britain rise
BUENOS AIRES, Argentina (AP) — An Argentine federal judge on Wednesday ordered British and Israeli companies to stop developing an oilfield off the Falkland Islands, opening a new legal front in the decades-old sovereignty dispute between Argentina and Britain that Argentine President Javier Mile...
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Opening acts drop out of Ed Sheeran's tour one month ahead of Charlotte date
Rapper Macklemore was removed from Ed Sheeran's tour because of onstage pro-Palestinian comments. Sheeran said it was the tour promoter's decision.
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House holds billionaire Leon Black in contempt of Congress over Epstein investigation
The House has approved a resolution holding billionaire Leon Black in contempt of Congress after he defied the Oversight Committee’s subpoenas in its investigation into disgraced financier Jeffrey Epstein. The swift action, without a formal roll call vote, refers the matter to the Justice Departm...
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On shores of Lake Ontario, the Toronto International Film Festival bristles at Trump's trade war
TORONTO (AP) — The 51st Toronto International Film Festival has unspooled against a backdrop of rising tensions between the U.S. and Canadian governments, though it would be hard to tell it from the convivial atmosphere on the ground.
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Miami Hurricanes going back to Nike in deal that will exceed $200M, AP source says
CORAL GABLES, Fla. (AP) — Teams from the University of Miami will be wearing Nike apparel again starting in July 2027, a person familiar with the agreement said Wednesday.
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Fed rate hike likely means more expensive credit cards and mortgages, but savers may rejoice
The Federal Reserve just raised the cost of borrowing money — bad news for borrowers, good news for savers. The Fed increased its benchmark interest rate Wednesday by a quarter-point, the first rate hike since the summer of 2023. The move will likely make it even costlier to borrow for homes, aut...
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US stocks slip after the Fed hikes interest rates and hints more increases may be on the way
U.S. stocks slipped after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more increases may be ahead as it tries to get the nation’s high inflation under control. The S&P 500 fell 0.4% Wednesday after giving up a modest gain from earlier in the da...
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Canada’s Carney and Britain’s Burnham take first meeting to Everton football match
MANCHESTER, England (AP) — Canadian Prime Minister Mark Carney met his new British counterpart, Andy Burnham, for the first time Wednesday at the home of the soccer club they both support — before watching Everton play together.
