Latest Business News

EU agrees on new sanctions against Russia days before the second anniversary of the war in Ukraine

Feb. 21, 2024 09:45 AM EST

BRUSSELS (AP) — European Union countries on Wednesday agreed on a new package of sanctions against Russia to target individuals and businesses suspected of assisting Moscow in its war against Ukraine, including Chinese companies. The decision coincides with the second anniversary...

Stock market today: More weakness in technology companies pulls Wall Street lower

Feb. 21, 2024 09:39 AM EST

NEW YORK (AP) — Stocks are opening lower on Wall Street as weakness in technology companies continues to drag on the market. The S&P 500 was off 0.3% in the early going Wednesday. The tech-heavy Nasdaq gave up 0.5% and the Dow Jones Industrial Average slipped 153 points, or 0.4%. Palo Alto...

Can a healthier plant-based burger combat falling US sales? Beyond Meat hopes so

Feb. 21, 2024 09:38 AM EST

Beyond Meat is revamping its signature plant-based burger, hoping that healthier ingredients will help it boost flagging U.S. sales. The El Segundo, California-based company said Wednesday its new Beyond Burger patties and Beyond Beef grounds cut saturated fat by 60% by switching...

Somalia announces deal with Turkey to deter Ethiopia's access to sea through a breakaway region

Feb. 21, 2024 09:34 AM EST

MOGADISHU, Somalia (AP) — Somalia announced on Wednesday a defense deal with Turkey that includes support for the Horn of Africa nation's sea assets and appears aimed at deterring Ethiopia's efforts to secure access to the sea by way of the breakaway region of Somaliland. Ethiopia...

StealthGas: Q4 Earnings Snapshot

Feb. 21, 2024 09:31 AM EST

ATHENS, Greece (AP) — ATHENS, Greece (AP) — StealthGas Inc. (GASS) on Wednesday reported earnings of $8.9 million in its fourth quarter. The Athens, Greece-based company said it had profit of 25 cents per share. Earnings, adjusted for non-recurring costs, were 29 cents per share....

A young man dies as clashes erupt between police and protesting farmers trying to reach New Delhi

Feb. 21, 2024 09:27 AM EST

SHAMBHU, India (AP) — A protester died on Wednesday as thousands of Indian farmers resumed their march to the capital after talks with the government failed to end an impasse over their demands for guaranteed crop prices. The farmers began their protest march last week but were...

UFP: Q4 Earnings Snapshot

Feb. 21, 2024 09:23 AM EST

NEWBURYPORT, Mass. (AP) — NEWBURYPORT, Mass. (AP) — UFP Technologies Inc. (UFPT) on Wednesday reported net income of $11.6 million in its fourth quarter. On a per-share basis, the Newburyport, Massachusetts-based company said it had net income of $1.51. Earnings, adjusted for...

White House wades into debate on 'open' versus 'closed' artificial intelligence systems

Feb. 21, 2024 09:20 AM EST

The Biden administration is wading into a contentious debate about whether the most powerful artificial intelligence systems should be “open-source” or closed. The White House said Wednesday it is seeking public comment on the risks and benefits of having an AI system's key...

Greek prime minister asks India to build global partnerships amid Ukraine and Middle East wars

Feb. 21, 2024 09:19 AM EST

NEW DELHI (AP) — Greek Prime Minister Kyriakos Mitsotakis on Wednesday asked India to play a leading role in building international partnerships to meet the unprecedented challenges brought by the wars in Ukraine and the Middle East and changes in climate and energy security. "We...

The number of short-term rentals in Puerto Rico has surged. A new report says that's a problem

Feb. 21, 2024 09:17 AM EST

SAN JUAN, Puerto Rico (AP) — Activists want stricter regulations of short-term rentals in Puerto Rico as the U.S. territory sees a growing number of displaced renters and a spike in housing costs, according to a report released Wednesday by the Hispanic Federation. The number of...