Latest Business News
Yemen's Houthi rebels launch a missile that strikes an oil tanker in the Red Sea, US military says
DUBAI, United Arab Emirates (AP) — Yemen’s Houthi rebels hit an oil tanker in the Red Sea with a ballistic missile early Saturday, damaging the Panama-flagged, Greek-owned vessel in their latest assault over the Israel-Hamas war in the Gaza Strip, officials said. Though the...
It was once a center of Islamic learning. Now Mali's historic city of Djenné mourns lack of visitors
DJENNE, Mali (AP) — Kola Bah used to earn a living as a tour guide in Mali's historic city of Djenné, once a center of Islamic learning known for the sprawling mud-brick mosque that has been on the UNESCO World Heritage in Danger list since 2016. The Grand Mosque of Djenné —...
After decisive loss at Alabama Mercedes plants, powerful auto union vows to return and win
TUSCALOOSA, Ala. (AP) — A decisive vote against the United Auto Workers union at two Mercedes factories in Alabama on Friday sidetracked the UAW's grand plan to sign up workers at nonunion plants mainly in the South. But newly elected President Shawn Fain said the union will return...
Jury finds Honolulu's former top prosecutor and 5 others not guilty in a federal bribery case
HONOLULU (AP) — A jury found Honolulu's former top prosecutor not guilty Friday in a bribery case that alleged employees of an engineering and architectural firm bribed him with campaign donations in exchange for his prosecution of a former company employee. A U.S. grand jury...
Subway commuters in Buenos Aires see fares spike by 360% as part of austerity campaign in Argentina
BUENOS AIRES, Argentina (AP) — Commuters in Buenos Aires on Friday were hit by an abrupt 360% increase in subway fares, one of the most dramatic price hikes in libertarian President Javier Milei 's harsh budget austerity campaign in Argentina. After weeks of hearings, a judge on...
A former OpenAI leader says safety has 'taken a backseat to shiny products' at the AI company
A former OpenAI leader who resigned from the company earlier this week said Friday that safety has “taken a backseat to shiny products” at the influential artificial intelligence company. Jan Leike, who ran OpenAI's “Superalignment” team alongside a company co-founder who...
UN experts say South Sudan is close to securing a $13 billion oil-backed loan from a UAE company
UNITED NATIONS (AP) — U.N. experts say South Sudan is close to securing a $13 billion loan from a company in the United Arab Emirates, despite the oil-rich country’s difficulties in managing debts backed by its oil reserves. The panel of experts said in a report to the U.N....
Federal judge hears challenges to NYC’s fee for drivers into Manhattan
NEW YORK (AP) — New York’s first-in-the-nation plan to levy a hefty toll on drivers entering much of traffic-choked Manhattan was the focus of a legal battle that played out in federal court Friday. A Manhattan judge heard arguments in lawsuits brought by unionized public school...
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery rose 72 cents to $79.95 per barrel Friday. Brent crude for July delivery rose 71 cents to $83.98 per barrel. Wholesale gasoline for June delivery rose 3 cents to $2.57 a gallon. June heating oil rose 4 cents to $2.49 a gallon. June natural...
Frontier Airlines, stuck in a money-losing slump, is dumping change fees and making other moves
DENVER (AP) — Frontier Airlines, which has struggled more than other U.S. carriers to recover from the pandemic, says it is eliminating change fees on some tickets and creating four fare classes to boost its appeal to more travelers. The Denver-based airline said the changes taking...
