Latest Business News

48 arrested in Europe over encrypted app used in drug trade

Feb. 06, 2023 06:42 AM EST

BERLIN (AP) — European investigators have shut down an encrypted communication service that was used as a secure channel for organized crime, particularly in the drug trade, and arrested 48 people, German authorities said Monday. More than 70 properties were searched in Germany,...

Norway looks to donate $7.3 billion in aid to Ukraine

Feb. 06, 2023 06:39 AM EST

COPENHAGEN, Denmark (AP) — Oil-rich Norway is looking to donate 75 billion kroner ($7.3 billion) to Kyiv as part of a five-year support package that would make the Scandinavian country one of the world’s biggest donors to war-torn Ukraine, the Norwegian government said Monday. ...

Russian forces keep up pressure as Ukraine anniversary nears

Feb. 06, 2023 06:34 AM EST

KYIV, Ukraine (AP) — Russian forces are keeping Ukrainian troops tied down with fighting in the eastern Donbas region as Moscow assembles additional combat power there for an expected offensive in the coming weeks, Ukrainian officials said Monday. Weeks of intense fighting...

Retailers try to curb theft while not angering shoppers

Feb. 06, 2023 06:03 AM EST

NEW YORK (AP) — When the pandemic threat eased, Maureen Holohan was eager to scale back her online shopping and return to physical stores so she could more easily compare prices and scour ingredients on beauty and health care products for herself and her three children. But that...

Kenya labor court rules that Facebook can be sued

Feb. 06, 2023 06:03 AM EST

NAIROBI, Kenya (AP) — A judge in Kenya has ruled that Facebook’s parent company, Meta, can be sued in the East African country. Meta tried to have the case dropped, arguing that Kenyan courts do not have jurisdiction over their operations, but the labor court judge dismissed...

'Loophole' excuses WHO officials accused of misconduct

Feb. 06, 2023 05:39 AM EST

LONDON (AP) — A confidential U.N. report into the alleged missteps by senior World Health Organization staffers in the way they handled a sexual misconduct case during an Ebola outbreak in Congo found their response didn't violate the agency’s policies because of what some officials described...

Adani woes spur protests as stock turmoil turns political

Feb. 06, 2023 05:35 AM EST

NEW DELHI (AP) — Hundreds of demonstrators from India's main opposition party turned out Monday in India's capital New Delhi and other cities demanding an investigation into allegations of fraud and stock price manipulation by India’s second-biggest business group, headed by coal mining tycoon...

Renault, Nissan boards agree to equalize mutual stakes

Feb. 06, 2023 04:34 AM EST

LONDON (AP) — The boards of Renault and Nissan gave their approval Monday to equalize the stake each automaker holds in the other, bringing a better balance in the French-Japanese alliance. Under the decision, both companies will own 15% in the other. Up to now, Renault Group of...

French parliament to debate Macron's pension reform bill

Feb. 06, 2023 05:06 AM EST

PARIS (AP) — French President Emmanuel Macron's unpopular planned pension changes have prompted strikes and street demonstrations in recent weeks. Now, his government is facing a harsh political battle at parliament. The National Assembly on Monday starts debating the contested...

UK nurses, ambulance crews strike, straining health system

Feb. 06, 2023 04:34 AM EST

LONDON (AP) — Tens of thousands of nurses and ambulance staff walked off the job in the U.K. on Monday in what unions called the biggest strike in the history of the country's public health system. The walkout is the latest in a wave of strikes that has disrupted Britons’ lives...