AP National Business

By PIETRO DE CRISTOFARO and GEIR MOULSON Associated Press WILHELMSHAVEN, Germany (AP) — Germany has marked the completion of port facilities for the first of five planned liquefied natural gas terminals it is scrambling to put in place as it replaces the Russian pipeline gas that once accounted for more than half of its supplies.

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Walmart reported strong third quarter profits and revenue as more Americans seek to cut spending in face of high inflation. Also on Tuesday, Walmart agreed to pay $3.1 billion to settle lawsuits nationwide over the impact of prescriptions its pharmacies filled for powerful prescription opioid

By GEOFF MULVIHILL Associated Press Walmart proposed a $3.1 billion legal settlement on Tuesday over the toll of powerful prescription opioids sold at its pharmacies, becoming the latest major drug industry player to promise major support to state, local and tribal governments still grappling with a crisis in overdose deaths. The retail giant’s announcement follows

ATLANTA (AP) — Home Depot easily topped expectations for both profit and revenue in the third quarter, but investors are spooked because the company is sticking by projections it put out earlier this year. The Atlanta company earned $4.34 billion in the quarter, or $4.24 per share. That far exceeds the per-share projections of $4.11

By MARI YAMAGUCHI Associated Press TOKYO (AP) — Japan will lift a more than 2 1/2-year ban on international cruise ships that was imposed following a deadly coronavirus outbreak on the cruise ship Diamond Princess at the beginning of the pandemic, transport officials said Tuesday. The Transport Ministry said cruise ship operators and port authorities’

By LAUREN SCHWAHN of NerdWallet Black Friday deals are plentiful. So how do you know which ones are truly great and which ones you should avoid? There are a few main factors shoppers should note that can help them decide whether or not to make a purchase. First, check a product’s price history and compare

By COLLEEN BARRY AP Business Writer MILAN (AP) — Luxury spending is growing faster than ever, fueled by pent-up pandemic demand and shifting demographics as younger, more diverse consumers buy into tiny handbag and post-streetwear trends. A new study by Bain consultancy released Tuesday says that global sales of personal luxury goods including leather accessories,

By JILL COLVIN Associated Press NEW YORK (AP) — Former Vice President Mike Pence blames Donald Trump for endangering his family “and all those serving at the Capitol” on Jan. 6 in a new memoir released Tuesday. In “So Help Me God,” Pence recounts, for the first time in his own words, the Republican former

By BASSEM MROUE Associated Press BEIRUT (AP) — French oil giant Total says it will soon launch exploration activities in search for gas in the Mediterranean Sea off Lebanon’s coast, following last month’s Lebanon-Israel maritime deal. TotalEnergies said in a statement on Tuesday that along with its partner, Italy’s ENI, they have signed on with

By NINIEK KARMINI and ROD McGUIRK Associated Press NUSA DUA, Indonesia (AP) — Australia’s Prime Minister Anthony Albanese says he raised with Chinese President Xi Jinping concerns about trade “blockages” but did not walk away from their first face-to-face talks with any promises that the $13 billion barriers to Australian exports would be lifted. The

By NINIEK KARMINI and SIBI ARASU Associated Press NUSA DUA, Indonesia (AP) — Indonesia has signed deals with international lenders and major economies that will bring billions of dollars in funding to help the country increase its use of renewable energy. The $20 billion agreement was announced on the sidelines of the Group of 20

By FRANK JORDANS and SAMY MAGDY Associated Press SHARM EL-SHEIKH, Egypt (AP) — Ugandan climate activist Vanessa Nakate slammed world leaders Tuesday who persist in backing new fossil fuel projects despite science warnings that this will push temperatures across the planet to dangerous highs as a handful of activists held a symbolic protest at a

By FRANK JORDANS, KELVIN CHAN and SETH BORENSTEIN Associated Press SHARM EL-SHEIKH, Egypt (AP) — U.S. climate envoy John Kerry has met with his Chinese counterpart at annual United Nations climate talks underway in Egypt. It’s the latest sign of improving relations between the world’s top two polluters. Chinese President Xi Jinping agreed a day

By DANICA KIRKA Associated Press LONDON (AP) — Thirugnanam Sureshan maneuvers his wheelchair into the tiny kitchen of his one-bedroom apartment, flips the switch on an electric kettle and brews a mug of instant coffee. It’s his second hot drink of the day, and it will be his last. The humble countertop kettle — ubiquitous

By DANA BELTAJI and MARY KATHERINE WILDEMAN Associated Press BRIDGWATER, England (AP) — Wedged between the southwestern town of Bridgwater and the Severn estuary is a 430-acre site where some of the U.K.’s future electricity hopes are pinned. Now reaching over 100 feet (32 meters) high, construction on the first of two nuclear reactors at

By TOM KRISHER AP Auto Writer DETROIT (AP) — Two new U.S. studies show that automatic emergency braking can cut the number of rear-end automobile crashes in half, and reduce pickup truck crashes by more than 40%. The studies by a government-auto industry partnership and the insurance industry each used crash data to make the

BEIJING (AP) — China’s ruling party has called for strict adherence to the hard-line “zero-COVID” policy in an apparent attempt to guide public perceptions after regulations were eased slightly in places. The party’s flagship newspaper said in an editorial that China must “unswervingly implement” the policy that requires mass obligatory testing and places millions under

By JOE McDONALD AP Business Writer BEIJING (AP) — Chinese consumer spending contracted in October and factory activity weakened as anti-virus controls following a rise in infections weighed on the economy. Government data showed retail sales sank 0.5% compared with a year ago, down from September’s 2.5% expansion, as millions of people were confined to

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japan’s economy has contracted at an annual rate of 1.2% in the July-September quarter, as consumption declined amid rising prices. Seasonally adjusted real gross domestic product for the world’s third-largest economy shrank 0.3% on-quarter, according to government Cabinet Office data. The annual rate shows how the

By SEUNG MIN KIM, ZEKE MILLER and ELAINE KURTENBACH Associated Press NUSA DUA, Indonesia (AP) — Leaders of the world’s largest economies appeared ready Tuesday to convey a strong message from most condemning Russia’s invasion of Ukraine, as President Joe Biden and Ukrainian President Volodymyr Zelenskyy pressed the group to maintain pressure on Moscow over

By ELAINE KURTENBACH Associated Press NUSA DUA, Indonesia (AP) — President Joe Biden and other leaders of the Group of 20 top economies will have the chance to discuss the world’s most pressing problems at their summit in Bali, Indonesia. Their talks begin Tuesday under the hopeful theme of “recover together, recover stronger” after the