AP National Business

MOSCOW (AP) — Russia’s gross domestic product contracted 4% in the second quarter of this year, the first full quarter since Russia sent troops into Ukraine. The state statistical service reported the drop on Friday. Russia was hit with a wide array of sanctions following its move into Ukraine in late February, including ones that

By MATTHEW BROWN Associated Press BILLINGS, Mont. (AP) — A federal judge on Friday reinstated a moratorium on coal leasing from federal lands that was imposed under former President Barack Obama and then scuttled under former President Donald Trump, in an order that marked a major setback to the already struggling coal industry. The ruling

By CHRISTOPHER RUGABER and JOSH BOAK Associated Press Writers WASHINGTON (AP) — With inflation raging near its highest level in four decades, President Joe Biden on Tuesday signed into law his landmark Inflation Reduction Act. Its title raises a tantalizing question: Will the measure actually tame the price spikes that have inflicted hardships on American

LOS ANGELES (AP) — California Gov. Gavin Newsom is proposing to extend the life of the state’s last operating nuclear power plant by at least five to 10 years to maintain reliable power supplies in the climate change era. A draft bill obtained Friday by The Associated Press said the plan would allow the plant

By MATTHEW BROWN Associated Press BILLINGS, Mont. (AP) — A pipeline carrying diesel has cracked open and spilled more than 45,000 gallons of fuel in a rural area of eastern Wyoming. The ruptured line is owned by a company that is being sued by federal prosecutors over previous spills in North Dakota and Montana. Joe

By ALAN FRAM Associated Press WASHINGTON (AP) — A divided Congress gave final approval Friday to Democrats’ flagship climate and health care bill, handing President Joe Biden a back-from-the-dead triumph on coveted priorities that the party hopes will bolster their prospects for keeping their House and Senate majorities in November’s elections. The House used a

By THALIA BEATY Associated Press NEW YORK (AP) — The Ford Foundation took the unprecedented step of issuing $1 billion in debt to help stabilize other nonprofits in June 2020. The move delighted investors and inspired several other large foundations to follow suit. Two years later, the foundations all stand by their decisions to take

Associated Press Johnson & Johnson is pulling baby powder containing talc worldwide next year after it did the same in the U.S. and Canada amid thousands of lawsuits claiming it caused cancer. Talc will be replaced by cornstarch, the company said. The company has faced litigation alleging its talcum powder caused users to develop ovarian

By JOE McDONALD AP Business Writer BEIJING (AP) — Three state-owned Chinese corporate giants say they will remove their shares from the New York Stock Exchange amid a dispute between Washington and Beijing over whether U.S. regulators can see records of their auditors. PetroChina Ltd., China Life Insurance Ltd. and China Petroleum & Chemical Co.

LONDON (AP) — The United Kingdom’s economy shrank in the three months to June. It’s a smaller-than-expected contraction but adds to jitters about the rocky months ahead. The Office for National Statistics said Friday that Britain’s gross domestic product fell by 0.1% between April and June, down from 0.8% growth in the previous quarter. Health

By JOE McDONALD AP Business Writer BEIJING (AP) — Chinese tech giant Huawei says its revenue fell in the first half of 2022 but new ventures in autos and industrial technology helped to offset a decline in smartphone sales under U.S. sanctions. Huawei Technologies Ltd.  is the biggest global maker of network gear for phone

By SYLVIE CORBET and NICOLAS GARRIGA Associated Press LUX, France (AP) — Once, a river ran through it. Now, white dust and thousands of dead fish cover the wide trench that winds amid rows of trees in France’s Burgundy region in what was the Tille River in the village of Lux. From dry and cracked

By LISA MASCARO AP Congressional Correspondent WASHINGTON (AP) — The biggest investment ever in the U.S. to fight climate change. A hard-fought cap on out-of-pocket prescription drug costs for people in the Medicare program. A new corporate minimum tax to ensure big businesses pay their share. And billions leftover to pay down federal deficits. All

By KIM TONG-HYUNG Associated Press SEOUL, South Korea (AP) — Samsung’s de-facto leader secured a pardon Friday of his conviction for bribing a former president in a corruption scandal that toppled a previous South Korean government, an act of leniency that underscored the tech company’s huge influence in the nation. Lee Jae-yong’s pardon is partially

PORTLAND, Ore. (AP) — Police in suburban Portland, Oregon, said Thursday they arrested a crime ring leader responsible for trafficking more than 44,000 catalytic converters stolen from vehicles on the West Coast since 2021. Detectives said they identified Brennan Doyle, 32, as the leader of the operation and searched his Lake Oswego home last week,

By NICK PERRY Associated Press WELLINGTON, New Zealand (AP) — New Zealand has welcomed the first cruise ship to return since the coronavirus pandemic began, signaling a long-sought return to normalcy for the nation’s tourism industry. New Zealand closed its borders in early 2020 as it sought at first to eliminate COVID-19 entirely and then