Latest Business News

G7 summit opens with deal to use Russian assets for Ukraine as EU's traditional powers recalibrate

Jun. 13, 2024 04:29 AM EDT

BARI, Italy (AP) — A Group of Seven summit is opening Thursday with agreement on a U.S. proposal to back a $50 billion loan to Ukraine using frozen Russian assets as collateral, giving Kyiv a strong show of support even as Europe's political chessboard shifts to the right. ...

Cars? Pork? Perfume? China has many options if a trade war breaks out with Europe

Jun. 13, 2024 04:24 AM EDT

BEIJING (AP) — Now that Europe has announced tariffs on China-made electric cars, the continent is bracing to see if the other shoe drops. Will China retaliate with tariffs on European cars, taking aim at German makers such as BMW and Mercedes? Would it put tariffs on agricultural...

A Chinese history buff finds military secrets in a pile of old papers he bought for under $1

Jun. 13, 2024 03:31 AM EDT

BEIJING (AP) — Chinese state media said Thursday that a military history buff found a collection of confidential documents related to the country’s military in a pile of old papers he bought for under $1. The collector reported the documents to security units after recognizing...

The Latest: Italy hosts the Group of Seven summit with global conflicts on the agenda

Jun. 13, 2024 03:54 AM EDT

BORGO EGNAZIA, Italy (AP) — Italy is hosting the summit of the Group of Seven leading industrialized nations in the wake of the European Parliament election, which saw a surge in support for the far right in places like G7 members France and Germany. Italian Premier Giorgia Meloni...

One Tech Tip: Use a roaming eSIM on your summer travels to avoid cellphone data fees

Jun. 13, 2024 03:51 AM EDT

LONDON (AP) — For summer trips overseas, a smartphone is essential for most people. How else will you check Google Maps to find your Airbnb, post an Instagram video from the Eiffel Tower, or WhatsApp friends and family back home? Of course, if you're using apps that gobble up data...

Stock market today: Asia shares rise amid Bank of Japan focus after the Fed stands pat

Jun. 13, 2024 03:26 AM EDT

TOKYO (AP) — Asian shares mostly rose Thursday, as investors turned their attention to what the Bank of Japan might decide on monetary policy later this week. The Bank of Japan is not expected to raise its benchmark rate when it wraps up its meeting on Friday, but the economy is...

Milei's radical overhaul advances in Argentina's Senate as protesters clash with police

Jun. 13, 2024 02:04 AM EDT

BUENOS AIRES, Argentina (AP) — Argentina's Senate began what's likely to be an all-night voting marathon on the details of President Javier Milei 's sweeping proposals to slash spending and boost his own powers early Thursday, shortly after giving the plan overall approval in a narrow vote as...

G7 leaders agree to lend Ukraine billions backed by Russia's frozen assets. Here's how it will work

Jun. 13, 2024 00:27 AM EDT

WASHINGTON (AP) — Leaders of the Group of Seven wealthy democracies have agreed to engineer a $50 billion loan to help Ukraine in its fight for survival that would use interest earned on profits from Russia’s frozen central bank assets as collateral. Details of the deal were...

Denmark recalls spicy South Korean noodles over health concerns

Jun. 13, 2024 00:57 AM EDT

COPENHAGEN, Denmark (AP) — Food authorities in Denmark have recalled three types of spicy instant noodle products imported from South Korea over possible risks for “acute poisoning.” Consumers are asked to discard them or return the noodles to the retailer. The noodles are made...

Senate confirms new energy regulators, extending Biden's grip on panel that backs renewable energy

Jun. 13, 2024 00:36 AM EDT

WASHINGTON (AP) — President Joe Biden's grip on a key federal energy commission will last beyond his first term, giving a boost to the Democrat's push for renewable energy regardless of the election results in November. The Senate moved to ensure that political reality as lawmakers...