AP Business
Business and economic news from the Associated Press.
Latest stories
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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.
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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.
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New warnings about the risks of AI to humanity revive a long-running debate
LOS ANGELES (AP) — New warnings from within the artificial intelligence industry have revived a long-running debate over whether advanced AI could escape human control and ultimately threaten humanity’s survival, and whether the companies developing the technology are doing enough to prevent such...
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Amazon suspends use of 21 Air, cargo carrier whose plane careened off Miami runway
MIAMI (AP) — Amazon said Sunday that it has suspended its partnership with 21 Air after one of the cargo carrier's planes loaded with Amazon packages careened off a Miami runway last week and killed five people.
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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.
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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.
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'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.
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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.
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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...
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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...
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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...
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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...
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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.
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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 "...
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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...
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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.
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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.
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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.
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Anthropic CEO Dario Amodei says AI industry needs to give safety measures time to catch up
NEW YORK (AP) — The CEO of Anthropic said Saturday the artificial-intelligence industry should slow its fast-moving development to give safety measures time to catch up. Without such a slowdown, Dario Amodei warned that within six to 12 months AI could be capable of leading a swarm of agents tha...
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America In Focus: inflation accelerated in August, home sales weaken and diesel prices soar
The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store and gas station are more painful than they were last year, and rising costs are impacting the decisions of both households and businesses.
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Crypto billionaires give $97 million to Reform UK, fueling concerns about money in politics
LONDON (AP) — Reform UK, the anti-immigration party led by Brexit campaigner Nigel Farage, received 72 million pounds ($97 million) from two cryptocurrency billionaires this weekend, fueling concerns about money in British politics.
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Why Canada? America's northern neighbor seems an unlikely target for a trade war
WASHINGTON (AP) — Canada might seem an unlikely target for a U.S. trade war.
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Wall Street week ahead: Federal Reserve decision on interest rates, retail sales update
NEW YORK (AP) — The Federal Reserve and its interest rate policy will be the main focus for Wall Street this week.
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Iraq says Saudi pipeline attack originated from its territory, and other Mideast news
Iraq said attacks on a key Saudi oil pipeline were launched from its territory, as U.S. President Donald Trump appeared to blame Iran.
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Saudi Arabia has few options as it faces mounting threats from Iran and its allies
Houthi rebels in Yemen are advancing toward a crucial trade chokepoint. Attacks blamed on Iraqi militias forced the closure of a major pipeline. Iran and its allies are unleashing a nightmare scenario for Saudi Arabia and unsettling global markets. Control over the Bab el-Mandeb Strait could allo...
