Latest Business News

Office lights of the European Central Bank in Frankfurt, Germany, Wednesday, Jan. 13, 2021. (AP Photo/Michael Probst)

European Central Bank faces gloomier picture for economy

Jan. 21, 2021 2:00 AM EST

FRANKFURT, Germany (AP) — The European Central Bank is looking at a darkening picture for the economy as infections and deaths surge. With more than a trillion euros of pandemic stimulus still in the pipeline, President Christine Lagarde is expected to underline Thursday that the bank has the means keep...

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Jan. 21, 2021. Asian shares rose Thursday on optimism over the new U.S. administration that earlier set off a rally on Wall Street. (AP Photo/Ahn Young-joon)

Asian shares mostly up on optimism for stimulus from Biden

Jan. 21, 2021 1:35 AM EST

TOKYO (AP) — Asian shares mostly rose Thursday on optimism over the new U.S. administration that earlier set off a rally on Wall Street. Hopes are high that President Joe Biden's administration will mean more support for the struggling U.S. economy, starting a recovery that's crucial for the export-driven...

Marc Raibert, founder and chair of Boston Dynamics stands beside one of the company's Atlas robots during an interview and demonstration, Wednesday, Jan. 13, 2021, at their facilities in Waltham, Mass. The company engineered the robot to be able to dance in a fluid manner that is almost human. (AP Photo/Josh Reynolds)

Behind those dancing robots, scientists had to bust a move

Jan. 21, 2021 1:34 AM EST

WALTHAM, Mass. (AP) — The man who designed some of the world’s most advanced dynamic robots was on a daunting mission: programming his creations to dance to the beat with a mix of fluid, explosive and expressive motions that are almost human. The results? Almost a year and half of choreography,...

A Sri Lankan airport worker arranges a partition inside a terminal at the Katunayake International Airport in Colombo, Sri Lanka, Wednesday, Jan. 20, 2021. Sri Lanka's tourism minister said that the airports in the country will be reopened for tourists according to health guidelines from Jan.21. (AP Photo/Eranga Jayawardena)

Asia Today: Sri Lanka reopens to tourists after 10 months

Jan. 21, 2021 1:15 AM EST

COLOMBO, Sri Lanka (AP) — Sri Lanka reopened to foreign tourists Thursday after a nearly 10-month pandemic closure that cut deeply into the Indian Ocean island nation's lucrative travel industry. Full operations also resumed Thursday at the island's two international airports, accommodating the commercial...

A Sri Lankan airport worker stands next to a thermal scanner inside a terminal at the Katunayake International Airport in Colombo, Sri Lanka, Wednesday, Jan. 20, 2021. Sri Lanka's tourism minister said that the airports in the country will be reopened for tourists according to health guidelines from Jan.21. (AP Photo/Eranga Jayawardena)

The Latest: Sri Lanka reopens tourism after 10-month closing

Jan. 20, 2021 11:56 PM EST

COLOMBO, Sri Lanka — Sri Lanka is welcoming tourists again after keeping the doors closed to visitors for nearly 10 months due to the coronavirus pandemic. The government’s action Thursday is seen as an effort to revive the island nation’s tourism industry, which has been badly hit by the...

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Jan. 21, 2021. Asian shares rose Thursday on optimism over the new U.S. administration that earlier set off a rally on Wall Street. (AP Photo/Ahn Young-joon)

Asian shares rise on optimism for more stimulus from Biden

Jan. 20, 2021 11:07 PM EST

TOKYO (AP) — Asian shares rose Thursday on optimism over the new U.S. administration that earlier set off a rally on Wall Street. Hopes are high that President Joe Biden's administration will mean more support for the struggling U.S. economy, setting off a recovery that's crucial for the export-driven...

Biden plans temporary halt of oil activity in Arctic refuge

Jan. 20, 2021 10:16 PM EST

JUNEAU, Alaska (AP) — President Joe Biden's administration announced plans Wednesday for a temporary moratorium on oil and gas leasing in Alaska's Arctic National Wildlife Refuge after the Trump administration issued leases in a part of the refuge considered sacred by the Indigenous Gwich'in. The plans,...

In this Dec. 18, 2020 photo, pipes to be used for the Keystone XL pipeline are stored in a field near Dorchester, Neb. Canadian Prime Minister Justin Trudeau says his officials have been in frequent contact with President-elect Joe Biden’s incoming administration making the case for a long disputed oil pipeline that reports say Biden will cancel on his first day in office.   (Chris Machian /Omaha World-Herald via AP)

Keystone XL pipeline halted as Biden revokes permit

Jan. 20, 2021 10:15 PM EST

TORONTO (AP) — Construction on the long disputed Keystone XL oil pipeline halted Wednesday as incoming U.S. President Joe Biden revoked its permit on his first day in office. The 1,700-mile (2,735-kilometer) pipeline was planned to carry roughly 800,000 barrels of oil a day from Alberta to the Texas Gulf...

FILE - This photo from Wednesday March 7, 2012, shows Illinois gun owners and supporters file NRA applications during an Illinois Gun Owners Lobby Day convention before marching to the Illinois State in Springfield, Ill. Lawyers for the influential gun-rights advocacy group told a federal judge Wednesday, Jan. 20, 2021 that the organization’s recent decision to seek bankruptcy protection and reincorporate in gun-friendly Texas was not an attempt to dodge a lawsuit brought by the attorney general in New York, its current corporate home. (AP Photo/Seth Perlman, File)

NRA fights for its future in Texas, New York courts

Jan. 20, 2021 8:17 PM EST

NEW YORK (AP) — The National Rifle Association is in a double-barreled legal battle for its future, moving forward with its bankruptcy case while fighting accusations it only sought Chapter 11 protection to avoid a potentially crippling lawsuit. Lawyers for the influential advocacy group told a federal...

FILE - Tampa Bay Buccaneers inside linebacker Devin White (45) sacks Green Bay Packers quarterback Aaron Rodgers (12) during the second half of an NFL football game in Tampa, Fla., in this Sunday, Oct. 18, 2020, file photo. Rodgers had his worst game of the season in Green Bay’s 38-10 loss at Tampa Bay Back on Oct. 18, as he threw two game-changing interceptions and completed less than half his pass attempts. Rodgers gets a chance to make amends for that performance Sunday when the top-seeded Packers host the Bucs in the NFC championship game. (AP Photo/Jason Behnken, File)

Comfort TV viewing gives ratings boost to football, dramas

Jan. 20, 2021 8:13 PM EST

LOS ANGELES (AP) — An unprecedented impeachment hearing failed to keep TV viewers from settling back into familiar, escapist habits last week. NFL and college football and sturdy drama franchises including the “Chicago” shows on NBC and the “NCIS” group on CBS were among the...