Latest Business News

Live updates | Ukraine: Russian shelling kills 6 civilians

May. 25, 2022 03:41 AM EDT

KYIV, Ukraine — A regional governor in eastern Ukraine says at least six civilians have been killed by the latest Russian shelling. Luhansk region Gov. Serhiy Haidai said Wednesday that another eight people were wounded in the shelling of the town of Sievierodonetsk over the...

Pakistan sets up roadblocks to thwart ex-premier's rally

May. 25, 2022 03:54 AM EDT

ISLAMABAD (AP) — Pakistani authorities used dozens of shipping containers and trucks to block off major roads into the capital Islamabad on Wednesday, after a defiant former Prime Minister Imran Khan said he would march with demonstrators to the city center for a rally he hopes will bring down...

Glencore pays up to $1.5B to resolve corruption claims

May. 25, 2022 03:49 AM EDT

BERLIN (AP) — Commodities firm Glencore says it has reached deals with authorities in the United States, Britain and Brazil to resolve corruption allegations in return for penalties totaling up to $1.5 billion. The Anglo-Swiss company said late Tuesday that it will pay $700 million...

Saving the children: War closes in on eastern Ukrainian town

May. 25, 2022 03:44 AM EDT

BAKHMUT, Ukraine (AP) — Chunks of thick, twisted metal and wood splinters lie among the swings and slides in the playground outside a bombed-out school. Some streets away, a yellow bathtub dangles over the void left when part of an apartment building collapsed in a bombing. The...

UK govt approves sale of Chelsea by sanctioned Abramovich

May. 25, 2022 02:36 AM EDT

LONDON (AP) — Roman Abramovich’s 19 years as Chelsea owner is closer to ending after the British government approved the sale of the Premier League club by the sanctioned Russian oligarch to a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly. The government had to...

Pfizer to offer low-cost medicines, vaccines to poor nations

May. 25, 2022 03:11 AM EDT

Pfizer said Wednesday that it will provide nearly two dozen products, including its top-selling COVID-19 vaccine and treatment, at not-for-profit prices in some of the world’s poorest countries. The drugmaker announced the program at the World Economic Forum’s annual gathering in...

India curbs sugar exports to ensure supply, stabilize price

May. 25, 2022 02:58 AM EDT

NEW DELHI (AP) — India is restricting its sugar exports to 10 million tons in the current season to help maintain domestic availability and keep prices stable. The decision follows a similar measure for wheat and comes amid signs of tightening world supplies. India...

1.1 million Afghan children could face severe malnutrition

May. 25, 2022 02:56 AM EDT

ISLAMABAD, Pakistan (AP) — In Afghanistan, 1.1 million children under the age of 5 will likely face the most severe form of malnutrition this year, according to the U.N., as increasing numbers of hungry, wasting-away children are brought into hospital wards. U.N. and other aid...

Scars of war seem to be everywhere in Ukraine after 3 months

May. 25, 2022 02:52 AM EDT

KRAMATORSK, Ukraine (AP) — Piano music wafted from an apartment block on a recent spring evening in Kramatorsk, blending with distant artillery fire for a surreal soundtrack to a bomb-scarred neighborhood in the eastern Ukrainian city. No matter where they live, the 3-month-old war...

Sweden, Finland delegations in Turkey for NATO talks

May. 25, 2022 02:44 AM EDT

ANKARA, Turkey (AP) — Delegations from Sweden and Finland were scheduled on Wednesday to hold talks in Ankara with senior Turkish officials in an effort to overcome Turkey’s objections to their historic bids to join the NATO alliance. Sweden and Finland submitted their written...