Latest Business News

Andrew Tate loses appeal in Romania, to be held 30 more days

Feb. 01, 2023 10:58 AM EST

BUCHAREST, Romania (AP) — Andrew Tate lost his appeal at a Romanian court and will be held for a further 30 days, an official said Wednesday. Tate, a divisive influencer and former professional kickboxer, is detained on suspicion of organized crime and human trafficking. ...

AMC exits Saudi Arabia as young cinema market booms

Feb. 01, 2023 10:58 AM EST

DUBAI, United Arab Emirates (AP) — AMC Entertainment Holdings, the world's biggest cinema chain, has decided to exit Saudi Arabia's fast-growing market in the face of intense competition. The decision, announced Tuesday, comes less than five years after AMC opened the kingdom's...

Job market still hot, December openings rise to 11 million

Feb. 01, 2023 10:56 AM EST

WASHINGTON (AP) — U.S. job openings rose to 11 million in December, delivering a setback to the Federal Reserve's effort to cool a hot job market. Openings were up from 10.44 million in November and were the highest since July, according to data released Wednesday by the Labor...

In Congo, activists look to Pope to boost forest protections

Feb. 01, 2023 10:52 AM EST

Local climate activists in Congo are hoping Pope Francis' visit will help spur action to protect the country's rainforest from oil and gas interests. The Pope's call to protect Congo's “great green lungs of the world” on Tuesday was welcomed by campaigners who see the papal visit...

Czechs to end checks at Slovak border amid migration decline

Feb. 01, 2023 10:51 AM EST

PRAGUE (AP) — The Czech Republic's government will end checks on the country's border with Slovakia that were renewed last year amid a new increase in migration, officials said Wednesday. The measure has been in place since Sept. 29 at 27 border crossings between the two European...

Stocks drift as Wall Street waits for Fed's latest rate hike

Feb. 01, 2023 10:35 AM EST

NEW YORK (AP) — Stocks are drifting on Wall Street Wednesday ahead of the Federal Reserve’s latest decision on interest rates. The S&P 500 was 0.2% lower in morning trading. The Dow Jones Industrial Average was down 190 points, or 0.6%, at 33,895, as of 10:20 a.m. Eastern...

Day of disruption in UK as hundreds of thousands join strike

Feb. 01, 2023 10:22 AM EST

LONDON (AP) — Thousands of schools in the U.K. closed some or all of their classrooms, train services were paralyzed and delays were expected at airports on the biggest day of industrial action Britain has seen in more than a decade, as unions stepped up pressure on the government Wednesday to...

Cryptocurrency fraud scheme lands man 8 years in prison

Feb. 01, 2023 10:11 AM EST

BOSTON (AP) — The founder of a cryptocurrency and virtual payment services company who authorities say cheated dozens of investors out of about $7.5 million, which he used to buy a house, cars, jewelry, and other luxuries, has been sentenced to more than eight years in prison. ...

Spain's PM heads to Morocco to reap benefits of mended ties

Feb. 01, 2023 10:03 AM EST

BARCELONA, Spain (AP) — Spanish Prime Minister Pedro Sánchez travels to Rabat on Wednesday along with 12 ministers before a meeting with Moroccan government officials, as part of the European country’s strategy to improve historically complex relations with its neighbor across the Strait of...

Russia said eyeing eastern Ukraine push; Kyiv targets graft

Feb. 01, 2023 09:45 AM EST

KYIV, Ukraine (AP) — Russia is mustering its military might in the Luhansk region of Ukraine, local officials said Wednesday, in what Kyiv suspects is preparation for an offensive in the eastern area in coming weeks as the anniversary of Moscow’s invasion approaches. Also...