AP National Business

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Revlon, a cosmetics maker that broke racial barriers and dictated beauty trends for much of the last century, is filing for Chapter 11 bankruptcy protection. The company has been a mainstay on store shelves since its founding 90 years ago in New York City as

BRUSSELS (AP) — Finance ministers from the 19 countries that share the euro currency could decide Thursday on a successor to lead Europe’s financial rescue fund. But a question that has hung over the monthslong race looks certain to persist: will the job winner have enough to do even as Europe battles fresh economic shocks?

BERLIN (AP) — Germany’s vice chancellor is stepping up an appeal for the country’s residents to save energy after Russia’s Gazprom announced significant cuts in natural gas deliveries through a key pipeline. State-owned Gazprom announced on Tuesday that it was cutting gas flows through the undersea Nord Stream 1 pipeline to Germany by 40%, then,

By COLLEEN BARRY AP Business Writer BRESCIA, Italy (AP) — Small Italian fashion producers are still allowed to export to Russia despite sanctions, as long as the wholesale price is under 300 euros. But they are having a hard time getting paid due to restrictions tied to the financial sector. Italy is the largest producer

By DANICA KIRKA Associated Press LONDON (AP) — The Bank of England has raised interest rates by a quarter-percentage point, shrugging off pressure for a bolder move to combat price increases that have pushed inflation to a 40-year high. The bank’s monetary policy committee voted 6-3 on Thursday to boost its key rate to 1.25%,

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets were mostly lower Friday after Wall Street fell on fears interest rate hikes will depress global economic activity. Tokyo, Seoul and Sydney fell. Shanghai and Hong Kong advanced. Oil prices edged lower but stayed above $115 per barrel. Wall Street’s benchmark S&P 500

By HYUNG-JIN KIM Associated Press SEOUL, South Korea (AP) — North Korea reported a new “epidemic” of an intestinal disease on Thursday, an unusual announcement from the secretive country that is already contending with a COVID-19 outbreak and severe economic turmoil. It’s unclear how many people are infected in what the official Korean Central News

By MATTHEW BROWN and BRIAN MELLEY Associated Press RED LODGE, Mont. (AP) — This gateway town to Yellowstone National Park has become a dead end, a casualty of the severe flooding that tore through one of America’s most beloved natural attractions and swept away roads, bridges and homes. The unprecedented flood has closed the entire

By MUNIR AHMED Associated Press ISLAMABAD (AP) — A minister in Pakistan’s newly elected government is facing criticism following his plea to the nation to drink less tea to help save on imports amid a deepening economic crisis. Tea is a hugely popular drink among both the rich and the poor in this country of

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed’s efforts so far to tame it. Increasingly, it seems, doing so might require the one painful thing the Fed has sought

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Australia’s new government on Thursday formally committed to a more ambitious greenhouse gas reduction target of 43% by the end of the decade in fulfillment of a key election pledge. The previous conservative government was dumped by voters at the May 21 election after it stuck

SAN FRANCISCO (AP) — California’s Supreme Court is allowing customers to sue Amazon.com for failing to warn buyers that some products it sells may contain hazardous substances such as mercury. The court on Wednesday refused to review a March appeals court ruling that said the online retail giant violated the state’s Proposition 65 toxic warnings

SAN SALVADOR, El Salvador (AP) — El Salvador’s Bitcoin-boosting president may be having second thoughts about the crypto-currency, whose value has tanked in recent weeks. President Nayib Bukele became the first leader in the world to make the crypto-currency legal tender last year. And Bukele has plowed tens of millions of government money into Bitcoin.

By DAVID FISCHER Associated Press MIAMI (AP) — A South Florida man has pleaded no contest to charges related to trying to get $5,000 from a state senator after threatening to release what he said were sexually explicit photos of her. Court records show 20-year-old Jeremy Kamperveen entered an open plea in Broward County circuit

RUNNEMEDE, N.J. (AP) — LeBron James might be on the cusp of setting another record. And someone will have to pay a lot of money to make it happen. A one-of-a-kind James trading card — called the “Triple Logoman” — is up for auction this month, with some believing that it wind up as the

HAVANA (AP) — Cuba has produced only about half the sugar it had projected this season and authorities acknowledge that while they will cover internal demand they will not be able to meet their international commitments. An official at the government agency that regulates sugar production said Wednesday: “It’s not a secret, the sector is

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Record low-interest mortgages are long gone. Credit card rates will likely rise. You’ll pay more for an auto loan. The unusually large three-quarter point hike in the Fed’s benchmark short-term rate is going to have a lot of impacts on Americans’ finances. The hope is that

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Nucor, Hertz Global rise; Methode, iQIYI fall.

The Associated Press Stocks rallied in a roller-coaster day of trading on Wall Street Wednesday after the Federal Reserve hiked interest rates by the biggest margin since 1994, but also said such mega-hikes would not be common. The Fed did signal that more increases are on the way as it tries to tackle the worst

WASHINGTON (AP) — The Biden administration is proposing to require that future airplanes produce lower levels of greenhouse gas emissions before they can be certified. The Federal Aviation Administration said Wednesday that its proposal would cover planes under development, including two Boeing models and one from Airbus. It would also apply to planes built after

By KAREL JANICEK By Associated Press PRAGUE (AP) — Russia’s invasion of Ukraine and what Europe must do to counter the consequences of it have become the key task for the Czech Republic’s upcoming presidency of the 27-nation European Union. The country formally takes reins from France on July 1. The political priorities of the

The Associated Press Benchmark U.S. crude oil for July delivery fell $3.62 to $115.31 a barrel Wednesday. Brent crude for August delivery fell $2.66 to $118.51 a barrel. Wholesale gasoline for July delivery fell 10 cents to $3.89 a gallon. July heating oil rose 16 cents to $4.55 a gallon. July natural gas rose 23

By TERRY SPENCER Associated Press FORT LAUDERDALE, Fla. (AP) — Florida’s largest electricity provider has announced plans to eliminate all of its carbon emissions by 2045 by increasing its reliance on solar energy, including using it to turn water into hydrogen to power its generating plants. Florida Power & Light says the multibillion dollar plan

BEIRUT (AP) — Lebanon’s state-run news agency says the country’s caretaker energy minister has extended the licensing deadline for oil and gas companies to explore in the country’s territorial waters until mid-December, to give more firms the chance to bid. The agency said Wednesday’s decision to extended the deadline of the second round of licensing

ANKARA, Turkey (AP) — Turkey’s president is on a big push to rebrand the nation and its assets but he has changed his mind about what the national airlines should be called. President Recep Tayyip Erdogan says Turkish Airlines will now be known internationally by its Turkish name of “Türk Hava Yolları” (tuerk hah-VAH yole-lah-RUH).