Latest Business News

Plane crashes at airport in Nepal's capital just after takeoff, killing 18 people and injuring pilot

Jul. 24, 2024 04:23 AM EDT

KATHMANDU, Nepal (AP) — A domestic plane crashed Wednesday just after taking off from the airport serving Nepal's capital, killing 18 people and injuring a pilot who was the lone survivor. Police official Basanta Rajauri said authorities have pulled out all 18 bodies. The only...

Chinese officials warn of risks from higher US tariffs, urge US business leaders to help mend ties

Jul. 24, 2024 03:50 AM EDT

BANGKOK (AP) — Chinese officials warned a delegation of top U.S. executives visiting Beijing this week that higher tariffs on imports from China will harm their businesses inside the country. The delegation of influential business people belonging to the U.S. China Business...

Stock market today: Asian stocks fall after a torrent of profit reports leaves Wall Street mixed

Jul. 24, 2024 03:33 AM EDT

Asian stocks fell on Wednesday as markets digested Japanese and Australian business data, after U.S. stocks held relatively steady as earnings reporting season ramped up for big companies. U.S. futures fell while oil prices were higher. Japan’s benchmark Nikkei 225...

Farmers in Africa say their soil is dying and chemical fertilizers are in part to blame

Jul. 24, 2024 01:50 AM EDT

NAIROBI, Kenya (AP) — When Benson Wanjala started farming in his western Kenya village two and a half decades ago, his 10-acre farm could produce a bountiful harvest of 200 bags of maize. That has dwindled to 30. He says his once fertile soil has become a nearly lifeless field that no longer...

Under President Milei, the worst economic crisis in decades puts Argentine ingenuity to the test

Jul. 24, 2024 01:37 AM EDT

BUENOS AIRES, Argentina (AP) — In the crush of anti-government protests paralyzing downtown Buenos Aires in the last months, some Argentines saw a traffic-induced headache. Others saw a reaction to President Javier Milei's brutal austerity measures. Alejandra, a street vendor, saw...

Japan protests against Russia's entry ban on 13 mostly business leaders over sanctions

Jul. 24, 2024 00:43 AM EDT

TOKYO (AP) — Japan's government said Wednesday it has protested against Russia's announcement that it is permanently banning 13 Japanese citizens, mostly business leaders of prominent companies including Toyota Motor Corp., in retaliation for Tokyo's sanctions over the Russian invasion of...

Vietnam allows big companies to buy clean energy directly to meet their climate targets

Jul. 24, 2024 00:41 AM EDT

HANOI, Vietnam (AP) — Vietnam will let electricity-guzzling factories buy electricity from wind and solar power producers, helping big companies like Samsung Electronics meet their climate targets and relieving pressure on the country's overstrained grid. The government decree...

Explosion and fire hit tequila factory in Mexico, killing at least 5 workers, officials say

Jul. 24, 2024 00:41 AM EDT

MEXICO CITY (AP) — An explosion and fire erupted inside a tequila factory Tuesday, killing at least five workers and injuring two others at the site in the liquor's namesake town in Jalisco state, Mexican authorities said. The state Civil Protection agency announced late Tuesday on...

Stock market today: Asian stocks fall after a torrent of profit reports leaves Wall Street mixed

Jul. 24, 2024 00:32 AM EDT

Asian stocks mostly fell on Wednesday as markets digested Japanese and Australian business data, after U.S. stocks held relatively steady as earnings reporting season ramped up for big companies. U.S. futures fell while oil prices were higher. Japan’s benchmark...

Brazil to allow miles of selective logging in effort to preserve the Amazon

Jul. 23, 2024 21:45 PM EDT

BRASILIA, Brazil (AP) — To combat ongoing destruction in the Amazon rainforest, Brazil announced a plan Tuesday to dramatically expand selective logging to an area the size of Costa Rica over the next two years. In Brazil, vast forest lands are designated as public yet have no...