Latest Business News
Moody's cuts China credit outlook to negative, cites slowing economic growth, property crisis
HONG KONG (AP) — Credit rating agency Moody’s cut its outlook for Chinese sovereign bonds to negative on Tuesday, citing risks from a slowing economy and a crisis in its property sector. Moody’s said the downgrade, its first for China since 2017, reflects risks from financing...
Danish union to take action against Tesla in solidarity with Swedes demanding collective bargaining
COPENHAGEN, Denmark (AP) — The labor conflict against Tesla in Sweden is spreading to neighboring Denmark where transport workers with the country’s largest trade union said Tuesday they will take action in solidarity with Swedish workers against the Texas-based automaker. Tesla...
Stock market today: Global shares mixed after Moody's downgrade of Chinese credit rating
TOKYO (AP) — Global shares were mixed Tuesday, with Chinese benchmarks falling after Moody’s Investor Service downgraded China’s sovereign debt rating, reflecting concern that the country’s property crisis is spilling into its local government and private financing. France's...
French lawmakers approve bill to ban disposable e-cigarettes to protect youth drawn to their flavors
PARIS (AP) — France's National Assembly unanimously approved a bill to ban single-use, disposable electronic cigarettes, in an attempt to protect young people drawn to their flavors and mitigate the environmental impacts of the disposable products known as “puffs.” Lawmakers...
Tokyo Olympics sullied by bid-rigging, bribery trials more than 2 years after the Games closed
TOKYO (AP) — The bid-rigging trial around the Tokyo Olympics played out Tuesday in a Japanese courtroom — more than two years after the Games closed — with advertising giant Dentsu and five other companies facing criminal charges. Seven individuals are also facing charges from...
In the salt deserts bordering Pakistan, India builds its largest renewable energy project
KHAVDA, India (AP) — Rising from the bare expanse of the large salt desert that separates India from Pakistan is what will likely be the world's largest renewable energy project when completed three years from now. The solar and wind energy project will be so big that it will be...
AI's future could be 'open-source' or closed. Tech giants are divided as they lobby regulators
Tech leaders have been vocal proponents of the need to regulate artificial intelligence, but they’re also lobbying hard to make sure the new rules work in their favor. That's not to say they all want the same thing. Facebook parent Meta and IBM on Tuesday launched a...
The Supreme Court is taking up a case that could rule out a tax on wealth favored by some Democrats
WASHINGTON (AP) — The Supreme Court is taking up a case Tuesday over a Washington couple's $15,000 tax bill that is widely seen as a test of a never-enacted tax on wealth. A decision in favor of Charles and Kathleen Moore of Redmond, Washington, could strike down a provision of the...
Sprawling casino and hotel catering to locals is opening southwest of Las Vegas Strip
LAS VEGAS (AP) — Las Vegas is getting its first ground-up casino in more than two years, with the debut of a modest $780 million property several miles from resort-lined Strip that will cater more to local residents than international tourists. Station Casinos, subsidiary of...
Mexico halts deportations and migrant transfers citing lack of funds
MEXICO CITY (AP) — The head of Mexico’s immigration agency has ordered the suspension of migrant deportations and transfers due to a lack of funds amid a record-setting year for migration through the country’s territory. The suspensions were outlined in an agency memo dated...
