Latest Business News

Hong Kong bans CBD, forcing businesses to shut or revamp

Jan. 31, 2023 22:06 PM EST

HONG KONG (AP) — Hong Kong banned CBD as a “dangerous drug” and imposed harsh penalties for its possession on Wednesday, forcing fledging businesses to shut down or revamp. Supporters say CBD, or cannabidiol, derived from the cannabis plant, can help relieve stress and...

Child welfare algorithm faces Justice Department scrutiny

Jan. 31, 2023 22:00 PM EST

PITTSBURGH (AP) — The Justice Department has been scrutinizing a controversial artificial intelligence tool used by a Pittsburgh-area child protective services agency following concerns that the tool could lead to discrimination against families with disabilities, The Associated Press has...

Nevada says Tesla's possible tax breaks stay secret, for now

Jan. 31, 2023 21:46 PM EST

RENO, Nev. (AP) — The details of any potential tax breaks for Tesla's $3.6 billion expansion of its Nevada factory will remain secret until late February, under a nondisclosure agreement that state officials signed with the electric carmaker. The governor's economic development...

Boeing bids farewell to an icon, delivers last 747 jumbo jet

Jan. 31, 2023 20:47 PM EST

SEATTLE (AP) — Boeing bid farewell to an icon on Tuesday, delivering its final 747 jumbo jet as thousands of workers who helped build the planes over the past 55 years looked on. Since its first flight in 1969, the giant yet graceful 747 has served as a cargo plane, a commercial...

Unions buoyant as 1.27 million French protest pension reform

Jan. 31, 2023 20:45 PM EST

PARIS (AP) — An estimated 1.27 million people took to the streets of French cities, towns and villages Tuesday, according to the Interior Ministry, in new massive protests against President Emmanuel Macron’s plans to raise the retirement age by two years. The turnout exceeded...

Alaska gold, copper mine blocked over environmental worries

Jan. 31, 2023 20:41 PM EST

JUNEAU, Alaska (AP) — The U.S. Environmental Protection Agency took an unusually strong step Tuesday and blocked a proposed mine heralded by backers as the most significant undeveloped copper and gold resource in the world because of concerns about its environmental impact on a rich Alaska...

Oregon's new governor requests $1B for housing spending

Jan. 31, 2023 19:45 PM EST

SALEM, Ore. (AP) — Oregon's recently inaugurated Democratic Gov. Tina Kotek plans to ask lawmakers to allocate more than $1 billion to housing and hundreds of millions more to mental health and education, unveiling her strategy for tackling the state's most pressing crises in a budget proposal...

How Myanmar is faring 2 years after army ousted Suu Kyi

Jan. 31, 2023 19:30 PM EST

BANGKOK (AP) — Two years after Myanmar’s generals ousted Aung San Suu Kyi’s elected government, thousands of people have died in civil conflict and many more have been forced from their homes in a dire humanitarian crisis. Myanmar's economy, once one of the fastest growing in...

Bus drivers strike in Alaska's 2nd-largest school district

Jan. 31, 2023 19:05 PM EST

ANCHORAGE, Alaska (AP) — Bus drivers in Alaska’s second-largest school district went on strike after delivering students to classes on Tuesday, citing unfair labor practices. The near-unanimous strike was called against Durham School Services after members received what Teamsters...

Ex-California solar firm executive sentenced for $1B fraud

Jan. 31, 2023 19:05 PM EST

SACRAMENTO, Calif. (AP) — A former executive of a California solar power company was sentenced Tuesday to 6 1/2 years in prison and ordered to pay nearly $620 million in restitution for his role in a $1 billion fraud scheme, federal prosecutors said. Ryan Guidry, 45, of Pleasant...