Latest Business News

MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes

Feb. 25, 2024 15:08 PM EST

MILAN (AP) — London-based designer Feben opened the last day of Milan Fashion Week with a refreshingly diverse runway in every way, both in size and race. “I think why you are not seeing that around is because you are not seeing a lot of Black women in creative roles,” said the...

Delays in promised Western military aid to Ukraine are costing lives, the defense minister says

Feb. 25, 2024 15:07 PM EST

KYIV, Ukraine (AP) — Half of all Western military support promised to Ukraine fails to arrive on time, complicating the task of military planners and ultimately costing the lives of soldiers in Russia's war, Ukraine's defense minister said Sunday. Rustan Umerov, speaking at the...

US and British strikes on Houthi sites in Yemen answer militants’ surge in Red Sea attacks on ships

Feb. 25, 2024 12:28 PM EST

WASHINGTON (AP) — The U.S. and Britain struck 18 Houthi targets in Yemen, answering a recent surge in attacks by the Iran-backed militia group on ships in the Red Sea and Gulf of Aden, including a missile strike this past week that set fire to a cargo vessel. According to U.S....

Consumers are increasingly pushing back against price increases — and winning

Feb. 25, 2024 12:06 PM EST

WASHINGTON (AP) — Inflation has changed the way many Americans shop. Now, those changes in consumer habits are helping bring down inflation. Fed up with prices that remain about 19%, on average, above where they were before the pandemic, consumers are fighting back. In grocery...

CEO of Ford demands Red Bull resolution of investigation into team principal Christian Horner

Feb. 25, 2024 11:26 AM EST

The CEO of Ford Motor Co. insisted on a resolution into the investigation of Red Bull team principal Christian Horner in a letter sent to the team, a copy of which was obtained Sunday by The Associated Press. The letter dated Friday from Ford CEO Jim Farley expressed his displeasure...

The Eiffel Tower reopens to visitors after a six-day closure due to an employee strike

Feb. 25, 2024 05:06 AM EST

PARIS (AP) — The Eiffel Tower reopened to visitors on Sunday after a six-day closure because of striking employees demanding better maintenance of the historic landmark, showing traces of rust, and salary hikes. The operator of the 330-meter (1,083-foot) tower said in a statement...

Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi

Feb. 25, 2024 01:14 AM EST

GENEVA (AP) — Since late last century and the early days of the web, providers of digital media like Netflix and Spotify have had a free pass when it comes to international taxes on films, video games and music that are shipped across borders through the internet. But now, a global...

Corruption scandals cast a shadow over Portugal’s early general election and may favor populists

Feb. 25, 2024 00:17 AM EST

LISBON, Portugal (AP) — The official two-week campaign period before Portugal’s early general election began on Sunday, with the country’s two moderate mainstream parties once again expected to collect the most votes but with the expected rise of a populist party potentially adding momentum...

Tractor protests threaten to drive the EU's green farming policies into a ditch

Feb. 25, 2024 00:09 AM EST

WESTROZEBEKE, Belgium (AP) — It was the puddles of green sludge left by the tires of massive tractors in western Belgium’s industrial farmlands that drew the attention of biological engineer Ineke Maes. The slime was destructive algae, the result of the excess of chemicals used...

Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes

Feb. 24, 2024 21:28 PM EST

OMAHA, Neb. (AP) — Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of the Berkshire Hathaway conglomerate he has received the credit for leading and warned shareholders in his annual letter Saturday not to listen to Wall Street pundits or...