Latest Business News

Racism, climate and divisions top UN agenda as leaders meet

Sep. 22, 2021 04:18 AM EDT

UNITED NATIONS (AP) — Racism, the climate crisis and the world’s worsening divisions will take center stage at the United Nations on Wednesday, a day after the U.N. chief issued a grim warning that “we are on the edge of an abyss.” For the first time since the...

Berea unveils hydroelectric generating plant on Ky. River

Sep. 22, 2021 04:02 AM EDT

BEREA, Ky. (AP) — Berea College has completed work on a hydroelectric plant that will supply renewable power generated from the Kentucky River. The college in eastern Kentucky near the Daniel Boone National Forest said the small-scale plant can generate 2.64 megawatts,...

Shares gain as Evergrande says it will make interest payment

Sep. 22, 2021 03:54 AM EDT

World shares and U.S. futures advanced Wednesday after Chinese developer Evergrande said it intends to make an interest payment on its debt that is due Thursday. Shares rose in Paris, Frankfurt and Shanghai but fell in Tokyo. Markets have been...

Facebook oversight board reviewing 'XCheck' system for VIPs

Sep. 22, 2021 03:24 AM EDT

Facebook’s semi-independent oversight board says it will review the company’s “XCheck,” or cross check, system following an investigation by The Wall Street Journal into the use of this internal system that has exempted high-profile users from some or all of its rules. ...

Chinese builder in debt jam says it will make bond payment

Sep. 22, 2021 03:04 AM EDT

BEIJING (AP) — A Chinese real estate developer that is struggling to avoid defaulting on billions of dollars of debt reassured jittery global markets at least briefly Wednesday by announcing it will make an interest payment due this week. The Chinese government,...

Apple, Google raise new concerns by yanking Russian app

Sep. 22, 2021 03:04 AM EDT

BERKELEY, Calif. (AP) — Big Tech companies that operate around the globe have long promised to obey local laws and to protect civil rights while doing business. But when Apple and Google capitulated to Russian demands and removed a political-opposition app from their local app stores, it...

EXPLAINER: Wide dangers ahead for Spanish volcanic island

Sep. 22, 2021 02:54 AM EDT

MADRID (AP) — A small Spanish island in the Atlantic Ocean is struggling days after a volcano erupted, forcing the evacuation of thousands of people, and authorities are warning that more dangers from the explosion lie ahead. Here is a look at the volcanic eruption on...

Trump sues niece, NY Times over records behind '18 tax story

Sep. 22, 2021 02:44 AM EDT

NEW YORK (AP) — Former President Donald Trump on Tuesday sued his estranged niece and The New York Times over a 2018 story about his family’s wealth and tax practices that was partly based on confidential documents she provided to the newspaper’s reporters. ...

Rural Nevada county details opposition to 'Innovation Zones'

Sep. 22, 2021 00:31 AM EDT

CARSON CITY, Nev. (AP) — In their first public opportunity to voice concerns on a proposal to let tech companies that meet certain requirements create semi-autonomous jurisdictions called Innovation Zones, officials from Storey County dressed down the idea in a line-by-line fashion. ...

House OKs debt and funding plan, inviting clash with GOP

Sep. 22, 2021 00:20 AM EDT

WASHINGTON (AP) — The House voted to keep the government funded, suspend the federal debt limit and provide disaster and refugee aid, setting up a high-stakes showdown with Republicans who oppose the package despite the risk of triggering a fiscal crisis. The federal...