AP National Business

GENEVA (AP) — Credit Suisse says CEO Thomas Gottstein is resigning after 2-1/2 years in the job. It came as he announced “disappointing” results, plunging revenues and a net loss in the second quarter. Those are the latest signs that the top-drawer Swiss bank is not yet finished with a string of troubles in recent

By MIKE CORDER Associated Press THE HAGUE, Netherlands (AP) — Dutch farmers are protesting government plans to reduce nitrogen emissions. The farmers dumped manure and garbage on highways Wednesday and set fires alongside roads, creating traffic chaos on some roads in the central and eastern Netherlands. Fire services rushed to clear the debris as traffic

By KIRSTEN GRIESHABER Associated Press BERLIN (AP) — More than 1,000 Lufthansa flights were canceled Wednesday because of a one-day strike by the airline’s German ground staff, affecting tens of thousands of passengers in the latest travel turmoil to hit Europe. About 134,000 passengers had to change their travel plans or cancel them altogether. At

By MARI YAMAGUCHI Associated Press TOKYO (AP) — The leaders of Japan and Indonesia have agreed to bolster ties in maritime security and cooperation on climate change, energy and investment. Prime Minister Fumio Kishida said Japan will provide support to further reinforce Indonesian maritime security capability. He also announced Tokyo is loaning $318 million to

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets followed Wall Street lower Wednesday as traders prepared for a possible sharp interest rate hike by the Federal Reserve to cool inflation. Shanghai, Hong Kong and South Korea declined. Tokyo and Sydney advanced. Oil prices were little changed, staying below $100 per barrel.

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Australian inflation is rising farther, according to new data that increases the likelihood of the central bank next week hiking interest rates for a fourth consecutive month. The Australian Bureau of Statistics said on Wednesday inflation in the year through June was 6.1%, up from 5.1%

By ANITA SNOW Associated Press It was a stunning image: Pope Francis briefly wearing a full Indigenous headdress, its rows of soft white feathers fastened in place by a colorful, beaded headband after he apologized for the Catholic Church’s role in Canada’s “disastrous” residential school system for Indigenous children. Chief Wilton Littlechild, a residential school

By MARI YAMAGUCHI and FOSTER KLUG Associated Press TOKYO (AP) — Japan’s minister for gender equality and children’s issues called the country’s record low births and plunging population a national crisis and blamed “indifference and ignorance” in the male-dominated Japanese parliament. In a wide-ranging interview with The Associated Press, Seiko Noda said the steadily dwindling

By GEOFF MULVIHILL Associated Press Drugmaker Teva has announced an agreement to settle lawsuits over the allegations that it helped fuel the U.S. opioid epidemic. The deal calls for the Israel-based company to pay more than $4.3 billion to state and local governments and Native American tribes over 13 years. The total includes settlements the

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Union Pacific will spend more than $1 billion to upgrade 600 of its old diesel locomotives over the next three years and make them more efficient. The move will accelerate the pace of upgrades UP already planned to make and help the railroad cut roughly

SAN FRANCISCO (AP) — A California federal judge has rejected a legal push to require Uber to provide wheelchair-accessible vehicles, finding that such a mandate would be too onerous on the ride-hailing company. The judge on Monday rejected a lawsuit that would have required Uber to offer wheelchair-accessible vehicles in New Orleans and Jackson, Mississippi.

By KEN SWEET AP Business Writer NEW YORK (AP) — Visa says its fiscal third quarter profits rose 32% from a year earlier, helped by yet another double-digit rise in the amount of money processed on its credit and debit card network. The payment processing company said Tuesday it earned a profit of $3.41 billion,

By MICHAEL LIEDTKE AP Technology Writer SAN FRANCISCO (AP) — Google’s revenue growth during the past quarter decelerated to its slowest pace in two years as advertisers reined in their spending amid fears of an economic recession. The regression reported Tuesday by Google’s corporate parent, Alphabet, is the latest sign that the tailwinds propelling big

REDMOND, Wash. (AP) — Microsoft on Tuesday reported fiscal fourth-quarter profit of $16.7 billion, or $2.23 per share, falling short of analyst expectations for $2.29 per share — a rare disappointment from the tech giant that has consistently beat Wall Street expectations in recent years. It posted revenue of $51.9 billion in the April-June period,

Stocks that traded heavily or had substantial price changes Tuesday: Shutterstock Inc., down $4.68 to $54.40. The stock images and video provider posted second-quarter sales and profit that missed Wall Street expectations. Walmart Inc., down $10.04 to $121.98. The retail giant cut its profit outlook, saying rising prices for food and gas are forcing shoppers

NEW YORK (AP) — Buzz Aldrin’s jacket worn on his historic first mission to the moon’s surface in 1969 has been auctioned off to a bidder for nearly $2.8 million. The $2,772,500 paid for the Apollo 11 Inflight Coverall Jacket is the highest for any American space-flown artifact sold at auction, according to Sotheby’s, which

DES MOINES, Iowa (AP) — A giant Mega Millions lottery jackpot ballooned to $1.02 billion after no one matched all six numbers Tuesday night and won the top prize. The new estimated jackpot for Friday’s drawing will be the nation’s fourth-largest lottery prize. The jackpot has grown so large because no one has matched the

By RANDALL CHASE and BARBARA ORTUTAY AP Business Writer DOVER, Del. (AP) — Twitter has set September 13 as the date for its shareholders to vote on the company’s pending buyout by Tesla CEO Elon Musk. The company said in a regulatory filing on Tuesday that it is recommending that shareholders vote for the $44

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The U.S. economy has contracted for two straight quarters, intensifying fears that the nation is on the cusp of a recession — if not already in one — barely two years after the pandemic recession officially ended. Six months of contraction is a long-held informal definition

By KEVIN FREKING Associated Press WASHINGTON (AP) — The Senate has advanced a $280 billion bill designed to boost the U.S. semiconductor industry and accelerate high-tech research. Backers of the measure say it will be critical to the economy in coming decades. The legislation is now on a glidepath to final passage in the Senate,

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Shopify is cutting 10% of its staff, or about 1,000 employees, as the e-commerce company reckons with an unexpected sales downturn after a pandemic-fueled explosion. There has been a wave of layoffs or cutbacks in the tech sector with Wall Street distancing itself from some

By RUSS BYNUM Associated Press SAVANNAH, Ga. (AP) — The Port of Savannah saw record-breaking cargo volumes this past fiscal year amid a surge in imports and West Coast backlogs that prompted shippers to reroute goods to the East Coast. The Georgia Ports Authority said Tuesday that its docks in Savannah handled nearly 5.8 million

By MATTHEW DALY Associated Press WASHINGTON (AP) — A joint venture between General Motors and South Korean battery company LG Energy Solution is set to receive a $2.5 billion loan from the Energy Department to build battery cell factories for electric vehicles in three states. The Energy Department says it has made a conditional commitment

Associated Press Amazon is raising its Prime fees in Europe, the company told customers on Tuesday, days ahead of its second quarter earnings report. The changes come as Amazon aims to bolster its profits as consumers who were once homebound during the COVID-19 pandemic pullback from online shopping. The company also faces increasing costs due

By MICHELLE CHAPMAN and DEE-ANN DURBIN AP Business Writers A tech millionaire offered to buy it. A U.S. senator suggested that the government should force manufacturers to make it. But so far, Klondike isn’t budging from its plan to discontinue the Choco Taco. Klondike confirmed Tuesday that the summer treat is being pulled from ice

By RAQUEL REDONDO Associated Press MADRID (AP) — Spain is easing requirements for foreign laborers to obtain work permits in an effort to bring thousands of undocumented workers into the official labor force. The bill is also aimed at trying to regulate jobs in understaffed sectors such as the hospitality industry and farm work. Tuesday’s