Latest Business News

Navigating through darkness: Ukraine’s emergency blackouts return after Russia pounds infrastructure

Jun. 21, 2024 01:22 AM EDT

KYIV, Ukraine (AP) — During daytime, entire districts of Ukraine's capital are disconnected from the power grid to save energy. Traffic lights stop, choking traffic, accompanied by the constant rumble of generators installed outside cafes and shops. Ukraine, including Kyiv, is...

UK fans wonder if Taylor Swift will say 'So long, London' after Eras Tour

Jun. 21, 2024 00:33 AM EDT

LONDON (AP) — Taylor Swift fans enjoy parsing the singer-songwriter’s lyrics for references to her romantic life and insights into her state of her mind. But the pop superstar’s fans in the U.K. didn’t have to listen closely to her latest album, “The Tortured Poets...

Stock market today: Asian shares mostly decline as Nvidia weighs on Wall Street

Jun. 21, 2024 00:30 AM EDT

TOKYO (AP) — Asian shares were mostly lower Friday after a retreat on Wall Street, where a drop in Nvidia stock pulled stocks lower. Japan's benchmark Nikkei 225 edged up less than 0.1% to 38,645.63 after the government reported that the inflation rate ticked higher for the first...

Trump is proposing to make tips tax-free. What would that mean for workers?

Jun. 21, 2024 00:16 AM EDT

WASHINGTON (AP) — Former President Donald Trump's new proposal to exclude tips from federal taxes is getting strong reviews from some Republican lawmakers, though major questions remain about the impact of the policy and how it would work. What's certain is that a change in the...

Thousands in Kenya demonstrate against proposed new taxes

Jun. 21, 2024 00:06 AM EDT

NAIROBI, Kenya (AP) — Thousands of mostly young people demonstrated Thursday in Kenya’s capital and across the country against new tax proposals by the administration of President William Ruto in its annual budget legislation. The protests brought Nairobi’s central business...

On wealthy Martha's Vineyard, costly housing is forcing workers out and threatening public safety

Jun. 21, 2024 00:05 AM EDT

VINEYARD HAVEN, Mass. (AP) — Sheryl Taylor works as an administrator for Martha's Vineyard Regional High School. Each summer, she has to leave the island or stay with friends because she can't afford the high seasonal rents. How high? The average vacation home rents for $6,500 a...

South Korea will consider supplying arms to Ukraine after Russia and North Korea sign strategic pact

Jun. 20, 2024 21:21 PM EDT

SEOUL, South Korea (AP) — South Korea said Thursday that it would consider sending arms to Ukraine, a major policy change that was suggested after Russia and North Korea rattled the region and beyond by signing a pact to come to each other’s defense in the event of war. The...

Politician who pushed Philippines natural gas boom is behind firm that planned to profit

Jun. 20, 2024 21:19 PM EDT

BATANGAS, Philippines (AP) — An influential politician in the Philippines, who has been a cheerleader for natural gas power, is behind a company that planned to make a fortune from it, an Associated Press investigation of thousands of pages of documents has found. Gov. Hermilando...

California workplace safety board approves heat protections for indoor workers, excluding prisons

Jun. 20, 2024 20:24 PM EDT

LOS ANGELES (AP) — On the first day of summer with parts of California sweltering under a heat advisory, a state worker safety board approved standards Thursday that would require employers to protect workers from indoor heat, but would exempt state correctional facilities. The...

How Nvidia became an AI giant

Jun. 20, 2024 19:53 PM EDT

LOS ANGELES (AP) — It all started at a Denny’s in San Jose in 1993. Three engineers — Jensen Huang, Chris Malachowsky and Curtis Priem — gathered at the diner in what is now the heart of Silicon Valley to discuss building a computer chip that would make graphics for video...