AP National Business

By MATTHEW DALY and SETH BORENSTEIN Associated Press SHARM EL-SHEIKH, Egypt (AP) — The Biden administration has ramped up efforts to reduce methane emissions, targeting the oil and gas industry for its role in global warming even as President Joe Biden has pressed energy producers for more oil drilling to lower prices at the gasoline

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The European Union’s executive commission slashed its forecast for economic growth next year. It says saying that the 19 countries that use the euro currency will slide into recession over the winter as peak inflation hangs on for longer than expected and high fuel and

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japanese technology investor SoftBank Group has reported a 3 trillion yen, or $21 billion, profit for the July-September quarter, a sharp reversal from its loss a year ago. SoftBank tends to have fluctuating financial results because it invests in an array of companies, and their stock

By ASHOK SHARMA Associated Press NEW DELHI (AP) — Supply chains, Russia’s war in Ukraine and the impact of COVID-19 are top issues for U.S. Treasury Secretary Janet Yellen as she meets with Indian government and business leaders in New Delhi. She called for the strengthening of supply chains with trusted trading partners in the

By STAN CHOE AP Business Writer NEW YORK (AP) — Wall Street piled more gains Friday onto its mammoth rally from a day earlier to close out its best week since the summer. The S&P 500 rose 0.9% a day after soaring 5.5% for its best day in more than two years. The Dow Jones

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japan is investing 70 billion yen ($490 million) to beef up semiconductor development and production, setting up a consortium that brings together Toyota, Sony and other major companies. The government says the new company called Rapidus, which means “quick” in Latin, will work on developing next-generation,

By ZEN SOO Associated Press HONG KONG (AP) — China’s biggest online shopping festival, Singles’ Day, is muted this year with sales numbers expected to grow slowly amid an uncertain economy and COVID-19. Singles’ Day — also known as Double 11 as it falls on Nov. 11 annually — is closely watched as a barometer

BEIJING (AP) — Travelers arriving in China will spend less time in quarantine under changes to sweeping anti-virus controls announced Friday to reduce disruptions to the economy and society. The announcement came as a surge in COVID-19 cases prompted Beijing to close parks and impose other restrictions. The country reported more than 10,000 new cases,

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Australian Prime Minister Anthony Albanese says he’ll ask Chinese President Xi Jinping to lift billions of dollars in trade barriers in the event that the two leaders hold their first bilateral meeting. Both leaders will attend a Group of 20 meeting in Indonesia then an Asia-Pacific

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Australian officials say Moscow must he held to account for Russian cybercriminals accused of hacking Australia’s largest health insurer and dumping customers’ personal medical records on the dark web. Almost 10 million current and former Medibank customers’ personal data was stolen. Australian Federal Police took the

MINNEAPOLIS (AP) — The Minnesota Lottery says a technical issue with its two-tiered verification process was to blame for a delay in this week’s record $2.04 billion Powerball jackpot drawing. Monday night’s scheduled drawing was delayed by nearly 10 hours, until Tuesday morning, while lottery officials addressed the problem. The Multi-State Lottery Association said at

ELLABELL, Ga. (AP) — An Italian-owned company will invest $60 million in coastal Georgia to build a plant to make and distribute ammunition, with plans to hire 600 people. Norma Precision will build just northwest of Savannah. Italian gunmaker Beretta bought Norma Precision and other ammunition makers in July for an undisclosed price. Norma Precision

SAN FRANCISCO (AP) — A lawsuit filed by the state of California accuses 3M, Dupont and 16 smaller companies of covering up the harm caused to the environment and the public from chemicals that have over decades found their way into waterways and human bloodstreams. Attorney General Rob Bonta announced the lawsuit Thursday against the

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Wynn Resorts Ltd., up $3.72 to $72. The casino operator’s third-quarter revenue beat Wall Street forecasts. Bumble Inc., up $2.10 to $23.03. The online dating service reported strong third-quarter earnings. RingCentral Inc., up $8.54 to $36.90. The cloud-based phone system provider

By The Associated Press Chris Rock is going where no comedian has gone before — live on Netflix. The streaming giant said Thursday that Rock will be the first artist to perform on the company’s first-ever live, global streaming event. The comedy special is set to stream in early 2023, but few other details were

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — President Joe Biden has nominated a new commissioner to steer the IRS forward as it gets a massive funding boost. The tax collection agency’s current leader, Chuck Rettig, ends his term this week. Danny Werfel, who currently leads Boston Consulting Group’s global public sector practice, was nominated

By DAVID KLEPPER Associated Press Arizona remained the epicenter for post-Election Day misinformation Thursday as vote counting in that state continued. Many of the misleading claims circulating two days after the election focused on printing problems that prevented vote counters from reading some ballots. The mishap spawned conspiracy theories about vote rigging that spread despite

The Associated Press Benchmark U.S. crude oil for December delivery rose 64 cents to $86.47 a barrel Thursday. Brent crude for January delivery rose $1.02 to $93.67 a barrel. Wholesale gasoline for December delivery rose 3 cents to $2.57 a gallon. December heating oil fell 9 cents to $3.57 a gallon. December natural gas rose

RALPH D. RUSSO AP College Football Writer Conference USA’s new media rights deal with ESPN and CBS steals a page from the Mid-American Conference’s playbook, with the new-look league agreeing to play midweek football games throughout October to try to increase visibility and build its brand. “We obviously had an example to look at and

By STEPHEN WHYNO AP Sports Writer WASHINGTON (AP) — Washington Commanders owner Dan Snyder and NFL Commissioner Roger Goodell were sued by the District of Columbia on Thursday, accused of colluding to deceive fans by lying about an inquiry into “sexual misconduct and a persistently hostile work environment” within the team. The individual club and

By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — Embattled vaping company Juul Labs announced hundreds of layoffs Thursday as the company weathers lawsuits, government bans and increasing competition for its electronic cigarettes. Juul said it has obtained new financing to stay in business and continue operations, which includes challenging plans by the Food and

By KEN SWEET and MICHAEL BALSAMO AP Business Writer NEW YORK (AP) — The swift collapse of cryptocurrency exchange FTX sent more shockwaves through the crypto world on Thursday, with authorities now investigating the firm for potential securities violations and analysts bracing for a further downturn in crypto prices. FTX had agreed earlier this week