AP National Business

By JAMEY KEATEN Associated Press DAVOS, Switzerland (AP) — The head of the U.N.’s World Food Program is telling billionaires it’s “time to step up” as the global threat of food insecurity rises because of Russia’s war in Ukraine. Agency Executive Director David Beasley told The Associated Press at the World Economic Forum gathering on

By DEE-ANN DURBIN Starbucks is pulling out of the Russian market. In a memo to employees Monday, the Seattle coffee giant said it decided to close its 130 stores and no longer have a brand presence in Russia. Starbucks said it will continue to pay its nearly 2,000 Russian employees for six months and help

By JAMEY KEATEN Associated Press DAVOS, Switzerland (AP) — A veteran Russian diplomat to the U.N. Office at Geneva says he handed in his resignation before sending out a scathing letter to foreign colleagues inveighing against the “aggressive war unleashed” by President Vladimir Putin in Ukraine. The 41-year-old Boris Bondarev confirmed his resignation in a

NEW YORK (AP) — Mayor Eric Adams says investigators of a fatal shooting on a New York subway train have few leads. Adams said Monday that the shooting was “unimaginable” and “the worst nightmare.” Adams says there were no police officers on the train car where the shooting occurred. He says the city will evaluate

By LIZ WESTON of NerdWallet Yard sales take hours of preparation and plenty of hard work. But they don’t all make money. If you’re looking to declutter your home and bring in some cash, consider these tips. First, decide whether a yard sale is the right method to meet your goals. If so, invite friends

By SYLVIA HUI and JILL LAWLESS Associated Press LONDON (AP) — British Prime Minister Boris Johnson has been shadowed by career-threatening scandal for months — but so far has escaped unscathed. This week he faces one more threat to his political future: a comprehensive report into lockdown-breaching parties in government offices that is expected to

MADRID (AP) — A senior Spanish government official has rebuked Spain’s former king, saying Juan Carlos I should have used his first trip home from exile to clear the air over investigations into his financial affairs. Government spokeswoman Isabel Rodríguez said the ex-monarch “missed an opportunity” to “provide explanations and ask for forgiveness.” Juan Carlos’s

By ELENA BECATOROS Associated Press POKROVSK, Ukraine (AP) — Houses on fire. Artillery blasting through thick apartment walls. People hiding in basements without electricity, water or gas as their towns are pulverized. Civilians fleeing areas near Ukraine’s eastern front are describing scenes of devastation as their towns and villages came under sustained attack from Russian

By JAMEY KEATEN Associated Press DAVOS, Switzerland (AP) — Ukrainian President Volodymyr Zelenskyy is calling for “maximum” sanctions against Russia during a virtual speech at the World Economic Forum gathering in Davos, Switzerland. He said Monday that sanctions need to go further to stop Russia’s aggression, including an oil embargo, blocking all of its banks

By KRISHAN FRANCIS Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka received a first shipment of a $16 million humanitarian aid package from neighboring India to help mitigate severe shortages caused by the country’s devastating economic crisis. The goods worth $5.6 million include rice, milk powder and essential medicines. It was donated by the

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares are mostly lower as worries over inflation temper optimism over President Joe Biden’s remark that he was considering reducing U.S. tariffs on Chinese imports. Benchmarks fell in Tokyo, Seoul, Shanghai and Hong Kong but rose slightly in Sydney. Oil prices and U.S. futures were

By GEIR MOULSON Associated Press BERLIN (AP) — Gerhard Schroeder left the German chancellery after a narrow election defeat in 2005 with an ambitious overhaul of the country’s welfare state beginning to kick in and every chance of a future as a respected elder statesman. Fast-forward to last week. German lawmakers agreed to shut down

By ELENA BECATOROS, OLEKSANDR STASHEVSKYI and RICARDO MAZALAN Associated Press KYIV, Ukraine (AP) — A Russian soldier who pleaded guilty to killing a Ukrainian civilian was sentenced to life in prison. The sentencing Monday comes amid signs the Kremlin may hold trials of its own, particularly against the captured Ukrainian fighters who held out at

By ELAINE KURTENBACH AP Business Writer Shares are mixed in Asia in cautious trading after Wall Street rumbled to the edge of a bear market on Friday. Investors were awaiting minutes from the last policy setting meeting of the Federal Reserve. Tokyo and Sydney were higher while Hong Kong and Shanghai declined. On Friday the

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Australia’s new prime minister was sworn into office before flying to Tokyo for a summit with President Joe Biden. The move Monday took place as votes are still being counted to determine whether Prime Minister Anthony Albanese will control a majority in a Parliament that is

By JOSH BOAK and AAMER MADHANI Associated Press TOKYO (AP) — President Joe Biden has launched a new trade deal with 12 Indo-Pacific nations aimed at strengthening their economies as he warns Americans worried about high inflation that it is “going to be a haul” before they feel relief. The president says he does not

By ANDREW DALTON AP Entertainment Writer LOS ANGELES (AP) — Doctor Strange and his multiverse got to linger a little longer atop the weekend box office while Tom Cruise waits in the wings. Marvel’s “Doctor Strange in the Multiverse of Madness” was the top-earning film of the weekend for the third straight week, bringing in

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline spiked 33 cents over the past two weeks to $4.71 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey says the price jump comes amid higher crude oil costs and tight gasoline supplies. The average price at the pump is $1.61 higher than

By SUSAN MONTOYA BRYAN Associated Press The mission was to rescue tens of thousands of invaluable tree sprouts from a research center in New Mexico and to keep safe a vital bank of millions of pine, spruce and other conifer seeds that will be used to restore fire-ravaged landscapes across the West. Owen Burney and

By JAMEY KEATEN and MASHA MACPHERSON Associated Press DAVOS, Switzerland (AP) — The much-ballyhooed World Economic Forum in the Swiss Alpine town of Davos gets underway this week after a two-year hiatus due to the COVID-19 pandemic. There’s no shortage of issues to keep elite policymakers, business gurus and activists busy as forum organizers hope

By CHRISTOPHER RUGABER and ANNE D’INNOCENZIO AP Business Writers WASHINGTON (AP) — With prices across the economy soaring at their fastest pace in decades, you might think Americans would tap the brakes on spending. Not so far. Consumers as a whole are showing surprising resilience, not only sustaining their spending but increasing it even after

By PETER PRENGAMAN Associated Press DAVOS, Switzerland (AP) — While the COVID-19 pandemic and Russia’s war in Ukraine will be focuses of the World Economic Forum’s gathering of business and government leaders, so too will climate change. It’s captured the world’s attention in unignorable and devastating ways. The acceleration of rising temperatures, the ferocity and