AP National Business

BERLIN (AP) — German prosecutors have raided the office of JPMorgan Chase & Co. in Frankfurt as part of a broader tax evasion investigation targeting numerous banks in Germany and beyond. Cologne prosecutors said Wednesday that dozens of investigators began searching the offices Tuesday of a Frankfurt-based financial institution and several auditing and tax firms.

By MARK PRATT Associated Press BOSTON (AP) — There is a silver lining to the drought affecting the northeastern U.S. that has frustrated farmers, dried up rivers and reservoirs, and brought water use restrictions and brush fires to the region. The arid conditions have benefited amusement parks, minor league baseball teams, construction contractors and other

DETROIT (AP) — Ford is recalling more than 277,000 pickup trucks and cars in the U.S. because the rear view camera lens can get cloudy and reduce visibility for the driver. The recall covers certain F-250, 350 and 450 trucks as well as the Lincoln Continental, all from the 2017 through 2020 model years. The

By MICHAEL CANTU Edmunds The 2023 Chevrolet Bolt EV received a huge discount for the new model year and is one of the most affordable new electric cars. But how does it compare to the Nissan Leaf, the original low-cost EV champ? Edmunds experts find out.

BERLIN (AP) — German lawyer Hans-Christian Stroebele has died at age 83. He defended members of the far-left Red Army Faction and later became the Green party’s first directly elected constituency lawmaker. His attorney said Wednesday that Stroebele died on Aug. 29 after a long illness. Stroebele first rose to prominence in 1970 as one

By KATE ASHFORD of NerdWallet Continuing to work past the traditional retirement age gives many the opportunity to add more money to their nest egg — and delay taking Social Security, which will bump up their eventual benefits check. In May, 21.9% of Americans ages 65 and older were working, compared with 19.5% in May

NICOSIA, Cyprus (AP) — Cyprus has lifted the obligatory use of face masks in all indoor areas after the island nation’s top health official said epidemiological data have “significantly improved” amid the coronavirus pandemic. The country’s health minister said Wednesday the mask rule still applies to hospitals, nursing homes, clinics, pharmacies and public transportation. All

PARIS (AP) — France’s Prime Minister Elisabeth Borne has warned that a worst-case scenario this winter could lead to rolling 2-hour power cuts in French homes, amid a broad energy crisis aggravated by the war in Ukraine. Borne’s comments come ahead of a special government meeting Wednesday focusing on energy and climate-related issues. Borne told

By DAVID A. LIEB Associated Press JEFFERSON CITY, Mo. (AP) — Stoked by the largest surplus in state history, Missouri’s Republican-led Legislature devised a $500 million plan to send one-time tax refunds to millions of households. In a shock to some, GOP Gov. Mike Parson vetoed it. Parson’s objection: He wanted a bigger, longer-lasting tax

BERLIN (AP) — The Austrian government says it has granted a credit line of 2 billion euros (dollars) to financially distressed energy supplier Wien Energie. Austria’s largest regional energy supplier, which has 2 million customers and belongs to the city of Vienna, has run into massive financial problems due to the turbulence on the electricity

By VLADIMIR ISACHENKOV Associated Press MOSCOW (AP) — The Kremlin treaded carefully Wednesday reacting to Mikhail Gorbachev’s death, praising his prominent role in reshaping 20th-century history but noting his “romantic” view of the West. The Kremlin’s ambivalence was reflected in the uncertainty about funeral arrangements. An iconic central venue chosen for Saturday’s farewell ceremony has

By KELVIN CHAN AP Business Writer LONDON (AP) — Inflation in the European countries using the euro currency hit another record in August, fueled by soaring energy prices mainly driven by Russia’s war in Ukraine. Annual inflation in the eurozone’s 19 countries rose to 9.1%, up from 8.9% in July, according to the latest figures

By JADE LE DELEY and NICOLAS GARRIGA Associated Press PARIS (AP) — Tourism came back with a vengeance to France this summer, sending revenues over pre-pandemic levels. That’s according to government data released this week. Crowds packed Paris landmarks and Riviera beaches, notably thanks to an influx of Americans benefiting from the weak euro. There

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Toyota is investing 730 billion yen ($5.6 billion) in Japan and the U.S. to boost production of batteries for electric vehicles. The Japanese automaker says production is set to start between 2024 and 2026. It’s investing 400 billion yen, or $3 billion, in Japan and 325

BERLIN (AP) — Russia’s Gazprom has halted the flow of natural gas through a major pipeline from Russia to Europe, a stoppage that it announced in advance and has said will last three days. The Russian state-owned energy company announced the closure of Nord Stream 1 in mid-August, citing maintenance at a compressor station —

By MARI YAMAGUCHI Associated Press TOKYO (AP) — Japan’s Defense Ministry has made a budget request for next year without specifying the costs of missiles and other arms or its development plans. The ministry said it can disclose details only after the government in December adopts a new national security strategy and defense guidelines. The

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares were mostly lower Thursday, tracking the broad slide on Wall Street, as investors braced for higher interest rates and inflation worries for some time. Benchmarks fell in Tokyo, Sydney, South Korea and Hong Kong in early trading, but edged up slightly in Shanghai. Japan’s

By DAVID BAUDER AP Media Writer NEW YORK (AP) — Young people are following the news but aren’t too happy with what they’re seeing. Broadly speaking, that’s the conclusion of a study released Wednesday showing 79% of young Americans say they get news daily. The survey of young people ages 16 to 40 — the

By ADAM BEAM Associated Press SACRAMENTO, Calif. (AP) — California could soon become the seventh state to make sure people won’t lose their jobs for smoking marijuana outside of work. State lawmakers on Tuesday passed a bill that would stop companies from punishing workers who fail a certain type of drug test. This test doesn’t

By MARCIA DUNN AP Aerospace Writer CAPE CANAVERAL, Fla. (AP) — NASA will try again Saturday to launch its new moon rocket on a test flight. The first attempt on Monday was thwarted by engine trouble. Managers said Tuesday that they are changing fueling procedures to deal with the issue. The 322-foot rocket remains on

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Warren Buffett’s company has trimmed its investment in Chinese electric car and battery maker BYD for the first time since it bought 225 million shares in 2008, an investment that has soared in value. Berkshire Hathaway said in a regulatory filing with the Hong Kong