AP National Business

By THALIA BEATY Associated Press NEW YORK (AP) — The president of the Ford Foundation, Darren Walker, has received France’s highest cultural honor in recognition of his support of the arts and artists. He was named commander of France’s Order of Arts and Letters on Tuesday at a mansion owned by the French embassy in

By The Associated Press Russia says it will pay dollar-denominated foreign debt in rubles, a move that is likely to be seen by foreign investors as a default. The U.S. Treasury Department allowed a license to expire Wednesday that permitted Russia to keep paying its debtholders through American banks. The Russian Finance Ministry said it

By JOHN RABY Associated Press CHARLESTON, W.Va. (AP) — Attorneys for the state of West Virginia and two remaining pharmaceutical manufacturers have reached a tentative $161.5 million settlement. Attorney General Patrick Morrisey announced the development as closing arguments were set to begin in a 7-week trial. The state sued Teva Pharmaceuticals, AbbVie’s Allergan and their

By BECKY BOHRER Associated Press JUNEAU, Alaska (AP) — The U.S. Environmental Protection Agency is proposing restrictions that would block plans for a copper and gold mine in Alaska’s Bristol Bay region. It is the latest in a long-running dispute over efforts by developers to advance the mine in a region known for its salmon

BRUSSELS (AP) — The European Commission is proposing to confiscate the frozen assets of oligarchs who try to violate the bloc’s sanctions adopted in response to the Russian war in Ukraine. The EU’s executive arm on Wednesday proposed two EU laws that would require the bloc’s 27 member states to cede a degree of jealously

By JUSTIN SPIKE Associated Press BUDAPEST, Hungary (AP) — European Union efforts to impose an embargo on Russian oil are facing more roadblocks. Hungarian officials say they will not back the plan in its current form. They have recommended removing the topic from the agenda of an EU leaders’ summit next week. The EU has

By SALLY FRENCH of NerdWallet Many airlines, including Southwest Airlines and Delta Air Lines, have resumed full beverage, alcohol and in-flight meal services since cutting refreshment offerings early on in the pandemic. Alcohol, specifically, had possibly gotten the ax as a way to protect flight attendants and passengers alike — both from the spread of

By MICHAEL CANTU Edmunds Jeep has resurrected its Grand Wagoneer nameplate as a new three-row luxury SUV. It’s the brand’s most expensive SUV and offers impressive power and top-notch tech. But is the all-new Jeep good enough to take down the long-running and successful Cadillac Escalade? Edmunds compares them to find out.

By JILL LAWLESS Associated Press LONDON (AP) — An investigative report released Wednesday blamed British Prime Minister Boris Johnson and other senior leaders for allowing boozy government parties that broke the U.K.’s COVID-19 lockdown rules, and while Johnson said he took “full responsibility” for the breaches, he insisted he would not resign. Revelations that Johnson

By KELVIN CHAN AP Business Writer DAVOS, Switzerland (AP) — The risks to the global economy are leading to an increasingly gloomy view of the months ahead for corporate leaders, government officials and other VIPs gathered at the World Economic Forum meeting in Davos, Switzerland. The issues range from soaring inflation, Russia’s war in Ukraine,

By RICARDO MAZALAN Associated Press KYIV, Ukraine (AP) — Russian President Vladimir Putin is trying to strengthen his control of southern Ukraine by giving residents of two regions a fast path to Russian citizenship. Meanwhile, lawmakers in Moscow passed a bill to bolster Russia’s army, which is fighting an intense battle for Ukraine’s east. Putin

BERLIN (AP) — Commodities firm Glencore says it has reached deals with authorities in the United States, Britain and Brazil to resolve corruption allegations in return for penalties totaling up to $1.5 billion. The Anglo-Swiss company said late Tuesday that it will pay $700 million to resolve a U.S. bribery probe and a further $486

By ELENA BECATOROS Associated Press BAKHMUT, Ukraine (AP) — Chunks of thick, twisted metal and wood splinters lie among the swings and slides in the playground outside a bombed-out school. Some streets away, a yellow bathtub dangles over the void left when part of an apartment building collapsed in a bombing. The eastern Ukrainian town

By ELENA BECATOROS and YURAS KARMANAU Associated Press KRAMATORSK, Ukraine (AP) — Piano music wafted from an apartment block on a recent spring evening in Kramatorsk, blending with distant artillery fire for a surreal soundtrack to a bomb-scarred neighborhood in the eastern Ukrainian city. Everywhere in Ukraine, the 3-month-old war never seems to be far

By ROB HARRIS AP Global Soccer Writer LONDON (AP) — Roman Abramovich’s 19-year ownership of Chelsea is ending after the British government approved the sale of the Premier League club by the sanctioned Russian oligarch to a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly. The government had to be sure that Abramovich, who

ASHOK SHARMA Associated Press NEW DELHI (AP) — India is restricting its sugar exports to 10 million tons in the current season to help maintain domestic availability and keep prices stable. The decision follows a similar measure for wheat and comes amid signs of tightening world supplies. India is the second-largest producer and biggest consumer

By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s new Prime Minister Ranil Wickremesinghe has been sworn in as finance minister to try to address the nation’s devastating economic crisis. President Gotabaya Rajapaksa named Wickremesinghe to the position in an apparent bid to regain Sri Lanka’s credibility as the government negotiates a

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets were mixed Thursday after notes from the Federal Reserve’s latest meeting confirmed expectations for more interest rate hikes but contained no surprises to rattle investors. Benchmarks in Hong Kong and Sydney declined while Tokyo, Shanghai and Seoul were higher. Oil prices also advanced.

By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — The head of the Food and Drug Administration faced bipartisan fury from House lawmakers Wednesday over months of delays investigating problems at the nation’s largest baby formula plant that prompted an ongoing shortage. FDA Commissioner Robert Califf laid out a series of setbacks in congressional testimony

By DANIEL POLITI Associated Press BUENOS AIRES, Argentina (AP) — After a reprieve of months, confirmed cases of COVID-19 are surging in the southern tip of South America. But officials in Argentina, Chile and Uruguay hope high vaccination rates mean this latest wave will not be as deadly as previous ones. At the same time,

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — The Japanese yen has weakened, trading recently at 20-year lows of 130 yen to the U.S. dollar, just when prices of oil and other goods are surging. Partly due to the war in Ukraine, the ripple effects of global inflation are being felt everywhere. The price

LOS ANGELES (AP) — CBS pulled the season finale of “FBI” after a deadly elementary school shooting in Texas. The network said Tuesday that it will not air the show’s season four finale titled “Prodigal Son.” The decision was made by CBS after a gunman killed at least 19 students at Robb Elementary School in

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Australia’s new government has urged China to lift trade sanctions if it wants to reset a bilateral relationship that plumbed new depths under the previous administration. The Chinese premier’s congratulatory letter to Prime Minister Anthony Albanese on his election victory was widely seen as a relaxation

By LYNN ELBER AP Television Writer LOS ANGELES (AP) — When the NBA playoffs take the TV court even the most popular shows find the competition tough. Last week’s No. 1 program was the Golden State-Dallas conference finals matchup, in which the Warriors extended their winning streak to three out of three. The first two