AP Business
Business and economic news from the Associated Press.
Latest stories
-
PHOTO ESSAY: Border wall cuts through wildlife refuge
ALAMO, Texas (AP) — A segment of border wall erected in late July stands incomplete along the edge of a wildlife refuge in Alamo, Texas, after a lawsuit halted work.
-
Prosecutors charge German-Ukrainian woman with aiding Russian intelligence
BERLIN (AP) — Germany's federal prosecutor's office said Monday it had filed charges against a German-Ukrainian woman suspected of acting on behalf of Russian intelligence.
-
European leaders meet as Arctic thaw opens shipping routes and Russian buildup stokes security fears
ROVANIEMI, Finland (AP) — European leaders were meeting Monday to discuss growing competition in the Arctic, where global warming is opening new shipping routes, governments are vying for vast natural resources and a Russian military buildup is heightening security concerns.
-
Africa's biggest oil refinery opens to public ownership, sparking excitement among retail investors
LAGOS, Nigeria (AP) — Nigerian industrialist Aliko Dangote opened his refinery to public ownership Monday with plans to raise $1.6 billion from retail investors across the continent in Africa’s biggest initial public offering, or IPO.
-
Yemen's Houthi rebels seize more key islands in southern Red Sea, tighten grip on shipping routes
Yemeni officials say the Houthi rebels captured more strategic islands in the southern Red Sea, strengthening their control of a major maritime shipping route. The rebels deployed fighters on the islands of Greater Hanish and Lesser Hanish 160 kilometers north of Bab el-Mandeb Strait. That's acco...
-
Global shares mostly decline and AI stocks plunge after calls to slow AI industry
World shares have mostly declined, led by AI-related stocks, and U.S. futures have edged lower. Oil prices have gained more than 2% as worries grow over global oil supplies after Saudi Arabia shut down a major oil pipeline used to help bypass the Strait of Hormuz. Brent crude, the international s...
-
Steve Ballmer backs down on NBA punishment, apologizes as Clippers accept $30 million fine
INGLEWOOD, Calif. (AP) — Los Angeles Clippers owner Steve Ballmer won't fight the NBA's salary cap circumvention punishment in a reversal of the team's initial defiance and vow to fight against what it called “a heavily biased investigation.”
-
Carney pitches Canada to global investors as Trump tries to pull investment south
TORONTO (AP) — U.S. President Donald Trump wants factories and investment moving south to the United States. Canadian Prime Minister Mark Carney is betting he can make billions flow north.
-
Mouthfeel joins flavor as a food industry focus to satisfy consumers craving extra texture
Texture is having a crunchy, gooey moment in the food and beverage industry.
-
New warnings about the risks of AI to humanity revive a long-running debate
New warnings from the artificial-intelligence industry have revived debate over whether advanced AI models could escape human control and threaten humanity. The CEO of Anthropic suggests the industry should slow down developing the technology and put more safeguards in place. Worries that an arti...
-
Amazon suspends use of 21 Air, the cargo carrier whose plane careened off Miami runway and killed 5
Amazon says it has suspended its partnership with 21 Air after one of the cargo carrier’s planes careened off a Miami runway last week and killed five people. The Boeing 767 came in fast and then barreled roughly 1,300 feet past the end of the runway and smashed into a van carrying workers at a p...
-
Trump agreed to new ethics rules to get a crypto bill across the line. But that might not be enough
WASHINGTON (AP) — President Donald Trump had been hearing the message loud and clear for weeks about the sweeping cryptocurrency bill being written in the Senate: to get it across the line, he would have to agree to ethics provisions that apply to him, too.
-
Trump agrees to new bipartisan ethics provision in massive crypto bill, Republican senators say
WASHINGTON (AP) — President Donald Trump has agreed to a significant portion of a stringent ethics proposal that is part of broader cryptocurrency legislation headed for a key vote this week, according to three of the bill's main Republican authors.
-
'60 Minutes' opens 59th season on CBS with no direct mention of show's off-season turmoil
NEW YORK (AP) — The venerable newsmagazine “60 Minutes” opened its 59th season on CBS-TV on Sunday night with no direct mention of the turmoil and departures that have unfolded behind the scenes in recent months.
-
Electric mobility brings Africa’s energy transition into the wild
MAASAI MARA, Kenya (AP) — Joshua Kijape eases his motorcycle through the tall grass, listening for movement in the bush. There is no engine rumble, no exhaust and little warning for anything ahead.
-
Trump says he's lifting a 10% tariff on Irish whiskey because 'everybody's been bugging me' about it
President Donald Trump says he plans to remove a 10% tariff on Irish whiskey. Trump said Sunday during the trophy ceremony for the Irish Open that he'd been asked about the issue by everyone, including some of the golfers. He said, “Everybody’s been bugging me” to do it. “And I said, ‘On behalf o...
-
Trump downplays the need to check AI development and says he doesn't want to cede edge to China
President Donald Trump is playing down the need for his administration to check the development of artificial intelligence. He says he's worried about ceding America’s edge over China in a global competition and that winning would help address the risks from the advancing technology. He told repo...
-
Somalis rethink trade routes as Houthis disrupt established shipping channels
MOGADISHU, Somalia (AP) — Somalia's business community is seeking alternative shipping routes due to disruptions and security concerns around the Bab al-Mandab Strait and the Strait of Hormuz after Iran-backed Houthis captured a key port city and an island, sending thousands of Yemenis fleeing to...
-
Trump calls on Ukraine to halt strikes on Russian diesel fuel, citing a global shortage
U.S. President Donald Trump has called on Ukrainian President Volodymyr Zelenskyy to halt strikes on Russian diesel fuel infrastructure, saying attacks are causing a global shortage. Trump spoke on Sunday on the sidelines of the Irish Open after diesel prices in the U.S. hit record highs. His com...
-
Beijing bans drone possession in the city after earlier moves to tighten rules
BEIJING (AP) — Beijing is banning the possession of drones within city limits in new rules announced Sunday that further tighten its regulations on drones, which already include a May ban on sales of the devices. The ban on possession will come into effect in mid-November.
-
At BRICS, India's Modi warns geopolitical tensions and supply chain shocks threaten global stability
Indian Prime Minister Narendra Modi has warned that rising geopolitical tensions, supply chain disruptions and climate crises are affecting people worldwide. Speaking at the BRICS summit in New Delhi on Sunday, Modi called for strengthened cooperation across the Global South. He warned that the "...
-
Iranian cargo ship is struck, and talks between Tehran and its neighbors are postponed
State-run media in Iran say an Iranian commercial vessel has been struck off Qeshm Island in the Strait of Hormuz, with one person killed and four wounded. There was no immediate statement from the U.S. military, which has previously struck Iranian-flagged vessels as part of its blockade of Irani...
-
Benin bets on turning its cotton crop into clothes at home
PARAKOU, Benin (AP) — The “Made in Benin” tags on Fatoumata Dosso’s fabrics represent an ambition much bigger than her fashion business: keeping more of the value of Africa’s largest cotton producer at home.
-
Federal judge rules Trump DHS plan for 50% FEMA staffing cuts was unlawful
WASHINGTON (AP) — A federal judge has ruled that a plan by the Trump administration to slash staffing at the federal agency tasked with responding to disasters by 50% was unlawful.
-
President Donald Trump’s childhood home sells for $2 million
NEW YORK (AP) — Donald Trump's childhood home has sold for nearly $2 million after a renovation transformed the New York City residence from a mold-ridden cat den to a modern abode.
