Latest Business News

Taiwan asks to join trade group, says China might interfere

Sep. 23, 2021 03:37 AM EDT

TAIPEI, Taiwan (AP) — Taiwan has applied to join an 11-nation Pacific trade group, Cabinet officials said Thursday, setting up a potential clash with rival Beijing over the status of the island democracy. Taiwan’s application to join the Comprehensive and Progressive...

Climate change tops agenda as Iceland heads to elections

Sep. 23, 2021 03:09 AM EDT

REYKJAVIK , Iceland (AP) — Climate change is top of the agenda when voters in Iceland head to the polls for general elections on Saturday, following an exceptionally warm summer and an election campaign defined by a wide-reaching debate on global warming. All nine...

China's Ant Group shares credit data with central bank

Sep. 23, 2021 02:28 AM EDT

BEIJING (AP) — China’s central bank will soon have access to private credit information of hundreds of millions of users of Ant Group’s online credit service, in a move signaling more regulatory oversight of the financial technology sector. Huabei, Ant Group’s...

Mideast in shambles, but the world has moved on for now

Sep. 23, 2021 02:12 AM EDT

BEIRUT (AP) — There was a time not long ago when uprisings and wars in the Arab world topped the agenda at the U.N. General Assembly meetings in New York. With most of those conflicts in a stalemate, the world’s focus has shifted to more daunting global challenges...

Asian shares, Wall Street log gains after Fed statement

Sep. 23, 2021 01:49 AM EDT

Asian shares were mostly higher on Thursday after the Federal Reserve signaled it may begin easing its extraordinary support measures for the economy later this year. Shares rose in Hong Kong, Shanghai, Australia and Taiwan but fell in South Korea and Malaysia. U.S....

After Northeast flooding, insurance woes swamp residents

Sep. 23, 2021 01:11 AM EDT

NEW YORK (AP) — After being pummeled by two tropical storms that submerged basements, cracked home foundations and destroyed belongings, Northeastern U.S. residents still in the throes of recovery are being hit with another unexpected blow: Thousands of families are now swamped with...

Wildfire victims left with nothing get hope from donated RVs

Sep. 23, 2021 01:10 AM EDT

QUINCY, Calif. (AP) — Clutching a bag full of duct tape and snacks, Woody Faircloth climbs aboard a motorhome complete with carpet and drapes. At his side, his 9-year-old daughter, Luna, quizzes a family who has just donated the recreational vehicle, appropriately called Residency. In the...

Biden presses fellow Dems: Resolve party split on $3.5T plan

Sep. 23, 2021 00:49 AM EDT

WASHINGTON (AP) — With a personal push, President Joe Biden pressed fellow Democrats to hasten work on his big “build back better” agenda, telling them to come up with a final framework and their best topline budget figure as the party labors to bridge its divisions in Congress ahead of...

New Mexico reduces insurance premiums on state exchange

Sep. 23, 2021 00:40 AM EDT

SANTA FE, N.M. (AP) — Health care access is getting substantially cheaper on the state's health insurance exchange though a combination of state tax proceeds, federal pandemic aid and a growing pool of subscribers. An update on pandemic relief spending from the...

EXPLAINER: Why the debt limit is again roiling Washington

Sep. 23, 2021 00:32 AM EDT

WASHINGTON (AP) — The idea of the U.S. government breaching its “debt limit” sounds scary. But what, exactly, are lawmakers in Washington fighting about? The debt limit is a nearly century-old artificial cap that Congress placed on the U.S. government's ability to...