Latest Business News

Sri Lanka PM says talks with IMF difficult due to bankruptcy

Jul. 05, 2022 03:38 AM EDT

COLOMBO, Sri Lanka (AP) — Sri Lanka’s negotiations with the International Monetary Fund are more complex and difficult than in the past because it is a bankrupt nation, the country’s prime minister said Tuesday. Prime Minister Ranil Wickremesinghe told lawmakers that recent...

IEA: High prices, uncertainty will slow growth in gas demand

Jul. 05, 2022 03:13 AM EDT

BERLIN (AP) — The International Energy Agency says high prices for natural gas and supply fears due to the war in Ukraine will slow the growth in demand for the fossil fuel in the coming years. In a report published Tuesday, the Paris-based agency forecast global demand for natural...

Companies could face hurdles covering abortion travel costs

Jul. 05, 2022 03:05 AM EDT

After the U.S. Supreme Court revoked the federal right to an abortion that's been in place for half a century, companies like Amazon, Disney, Apple and JP Morgan pledged to cover travel costs for employees who live in states where the procedure is now illegal so they can terminate pregnancies. ...

Contract reached to fund ferry linking Kentucky, Illinois

Jul. 05, 2022 03:02 AM EDT

MARION, Ky. (AP) — A new contract has been reached to continue service by the Cave-in-Rock Ferry, the Kentucky Transportation Cabinet said. The ferry connects Kentucky 91 in Crittenden County with Illinois 1 in Hardin County, Illinois, carrying some 500 vehicles daily over the Ohio...

Ukrainians displaced near Kyiv fear for war-damaged homes

Jul. 05, 2022 02:35 AM EDT

BORODYANKA, Ukraine (AP) — Valentyna Klymenko tries to return home as late as possible to avoid the darkness of her war-damaged home outside Ukraine's capital. She visits friends, goes to the well for water or looks for a place to charge her phone. The 70-year-old Klymenko then...

Chinese envoy expresses concern over US tariffs with Yellen

Jul. 05, 2022 01:26 AM EDT

BEIJING (AP) — China’s envoy to trade war talks with Washington expressed concern about U.S. tariffs on Chinese imports during a phone call Tuesday with Treasury Secretary Janet Yellen, the Ministry of Commerce announced, but it gave no indication of progress toward resolving an array of...

Report: East Africa pipeline 'breaches banking principles'

Jul. 05, 2022 02:12 AM EDT

A controversial oil project that would connect oilfields in a Ugandan National Park to a port in Tanzania breaches global environmental guidelines for banks, according to a new nonprofit report Tuesday. The 897-mile (1443-kilometer) East Africa Crude Oil Pipeline (EACOP), planned by...

Australian central bank boosts rate for 3rd month in a row

Jul. 05, 2022 01:59 AM EDT

CANBERRA, Australia (AP) — Australia’s central bank on Tuesday lifted its benchmark interest rate for a third time in three straight months, changing the cash rate to 1.35% from 0.85%. The Reserve Bank of Australia’s half a percentage point rise was the same size as its June...

Swanson's 3-run double helps Braves outlast Cardinals, 6-3

Jul. 05, 2022 01:51 AM EDT

ATLANTA (AP) — At the midpoint of the season, manager Brian Snitker says the defending World Series champion Atlanta Braves have made an impressive recovery from a slow start. Perhaps the most impressive resurgence belongs to Dansby Swanson. Swanson hit a three-run...

Asia shares rise on optimism about easing COVID restrictions

Jul. 05, 2022 01:26 AM EDT

TOKYO (AP) — Asian shares advanced Monday across the board as buying set in after the lull of a U.S. national holiday. Analysts said the optimism may be driven by expectations the U.S. may decide to cut Chinese tariffs, a welcome move that would also help tame inflation. ...