AP National Business

MADRID (AP) — The European Union’s law enforcement agency says Spanish police have dismantled two major drug trafficking networks that used corrupt police officers as part of operations to ship tons of cocaine and hashish into Western Europe. Europol said in a statement Wednesday that 61 people had been arrested including five Spanish Civil Guard

BERLIN (AP) — German Chancellor Olaf Scholz says his government remains committed to phasing out nuclear power despite concerns about rising energy prices and possible future shortages due to Russia’s war in Ukraine. Germany’s three remaining nuclear plants are due to close in December. Opposition parties have called for the lifetimes of Germany’s nuclear plants

By KELVIN CHAN AP Business Writer LONDON (AP) — The Organization for Economic Cooperation and Development says Russia’s war in Ukraine and the energy and food crises it worsened will severely drag down global economic growth and push up inflation this year. The Paris-based group on Wednesday said China’s “zero-COVID” policy that has scrambled manufacturing

Associated Press Spirit Airlines, the target of a budget airline bidding war, is postponing a Friday shareholder vote on whether to accept one of those buyout offers after a flurry of counter proposals from Frontier Airlines and JetBlue Airways. Spirit said Wednesday that it rescheduled the vote on its preferred offer, from Frontier, until June

By JACKIE VELING of NerdWallet Large summer toys, like boats and RVs, are expensive, and few people can cover the purchase price outright. If you need to borrow money to pay for a summer vehicle, a secured loan is typically the most affordable option. Many lenders also offer unsecured loans. Smaller purchases, like a jet

BEIRUT (AP) — A Lebanese Cabinet minister says Lebanon will soon launch an international tender for the construction of a new terminal at the country’s only international airport in Beirut. The airport that had a major facelift after the country’s 1975-90 civil war has been working on full capacity for years and the government’s plans

By ZEN SOO AP Technology Writer HONG KONG (AP) — An online snafu involving China’s most popular e-commerce livestreamer and a cake decorated to look like a tank has raised questions among some Chinese over the violent crackdown on pro-democracy protests in Beijing’s Tiananmen Square on June 4, 1989. It’s a sensitive subject heavily censored

BRUSSELS (AP) — Ireland’s prime minister says Britain appears to have no political will to resolve its festering trade dispute with the European Union. Irish Prime Minister Micheal Martin said he thinks the British government’s attitude could imperil the hard-won peace in Northern Ireland. The British government is expected to publish a draft law in

NEW DELHI (AP) — India’s central bank has raised its key interest rate to 4.9% from 4.4% to contain fast-rising inflation. Wednesday’s increase follows a 40 basis points rise in May that was meant to keep price increases in check. Reserve Bank of India Gov. Shaktikanta Das said the decision was aimed at curbing inflation

By SYLVIA HUI Associated Press LONDON (AP) — With British Prime Minister Boris Johnson dealt a heavy blow after surviving a no-confidence vote from his own Conservative Party, questions already are being asked about who might succeed him if he was forced from office. Conservative lawmakers voted 211-148 to keep Johnson as leader Monday following

By AYSE WIETING and SUZAN FRASER Associated Press ANKARA, Turkey (AP) — Russia and Turkey say they support a safe corridor in the Black Sea to export Ukrainian grain to global markets. Turkey’s foreign minister hosted his Russian counterpart Sergey Lavrov in Ankara on Wednesday. A Turkish minister also said that Western sanctions should be

By OMAR FARUK and CARA ANNA Associated Press MOGADISHU, Somalia (AP) — No mother should have to lose her child. Owliyo Hassan Salaad has watched four die this year. A drought in the Horn of Africa has taken them, one by one. Now she cradles her frail and squalling 3-year-old, Ali Osman, whom she carried

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — NASA is gearing up to launch a research rocket from remote northern Australia this month. It will be the agency’s first blast off from a commercial space port outside the United States. NASA and the launch pad’s owner, Equatorial Launch Australia, said on Wednesday three suborbital

By HALELUYA HADERO AP Business Writer Amazon says in its second-annual report that it prevented 4 billion bad listings from making it onto its site and got rid of more than 3 million phony products last year. The results, released Wednesday, were mixed compared with 2020, when Amazon blocked 10 billion listings and got rid

By DEE-ANN DURBIN AP Business Writer It’s the inflation you’re not supposed to see. From toilet paper to yogurt and coffee to corn chips, manufacturers are quietly shrinking package sizes without lowering prices. It’s dubbed “shrinkflation,” and it’s accelerating worldwide. In the U.S., a small box of Kleenex now has 60 tissues; a few months

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — The government says Japan’s economy contracted in the first quarter though at a slower rate than expected. The Cabinet Office said the world’s third-largest economy contracted at a 0.5% annual rate, smaller than the 1.0% contraction in the preliminary estimate for Japan’s real gross domestic product.

By LYNN ELBER AP Television Writer LOS ANGELES (AP) — The U.S. split from Great Britain is history, but the monarchy still has a hold on its former colony’s heart. Two specials about Queen Elizabeth II and the celebration of her 70th year on the throne broke into last week’s top 20 highest-rated programs in

By MATTHEW DALY Associated Press WASHINGTON (AP) — U.S. solar manufacturers are considering legal challenges after President Joe Biden declared a two-year pause on tariffs for solar imports from Southeast Asia. Biden’s action Monday was intended to jumpstart solar installations that have slowed amid a Commerce Department inquiry into possible trade violations involving Chinese products.

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Kohl’s, JM Smucker rise; Target, Encompass fall.

The Associated Press U.S. stocks are closing higher Tuesday after another wobbly day on Wall Street. Investors shook off worries about the economy and rising interest rates to lift the S&P 500 almost 1%, after bouncing back from an early loss. Technology stocks were some of the biggest forces lifting the market thanks to a