Business

Victims of a migrants boat shipwreck lay in state in a sports centre where they were taken, in Crot...
Associated Press

Italy: Migrants paid 8,000 euros each for ‘voyage of death’

CROTONE, Italy (AP) — Rescue teams pulled more bodies from the sea on Tuesday, bringing the death toll from Italy’s latest migration tragedy to 65, as prosecutors identified suspected smugglers who allegedly charged 8,000 euros (nearly $8,500) for each person making the “voyage of death” from Turkey to Italy. Authorities delayed a planned viewing of […]
1 year ago
Associated Press

Tepid outlook from Target after 4th quarterly profit dip

NEW YORK (AP) — Target plans to invest as much as $5 billion this year expanding services for customers, including a drive up service for returns, renovations at 175 stores and improvements in online shopping. The Minneapolis retailer announced the investments Tuesday during its annual investor meeting as it reported a 43% tumble in profits […]
1 year ago
Cyprus' new president Nikos Christodoulides arrives at the Presidential palace for an official cere...
Associated Press

Cyprus’ new president says country on firm Western footing

NICOSIA, Cyprus (AP) — Cyprus’ new president affirmed the island nation’s Western foreign policy orientation as a member of the European Union that seeks to further strengthen its bonds with the U.S. and stands firmly with others on “the side of justice” to condemn Russia’s war in Ukraine. Speaking after taking his oath of office […]
1 year ago
Marty Cooper, the inventor of first commercial mobile phone, poses for the press with a Motorola Dy...
Associated Press

Father of cellphone sees dark side but also hope in new tech

BARCELONA, Spain (AP) — The man credited with inventing the cellphone 50 years ago had only one concern then about the brick-sized device with a long antenna: Would it work? These days Martin Cooper frets like everybody else about his invention’s impacts on society — from the loss of privacy to the risk of internet […]
1 year ago
Associated Press

Computer chip funding to require security, worker benefits

WASHINGTON (AP) — The Commerce Department is opening the application process for computer chip manufacturers to access $39 billion in government support to build new factories and expand production. All companies seeking the funds will need to show how they plan to develop a local workforce, with firms getting $150 million or more also required […]
1 year ago
Associated Press

China says TikTok ban reflects US insecurities

BEIJING (AP) — U.S. government bans on Chinese-owned video sharing app TikTok reveal Washington’s own insecurities and are an abuse of state power, a Chinese Foreign Ministry spokesperson said Tuesday. The U.S. government “has been overstretching the concept of national security and abusing state power to suppress other countries’ companies,” Mao Ning said at a […]
1 year ago
President Joe Biden talks about health care during a visit to the Kempsville Recreation Center in V...
Associated Press

Biden warns of ‘MAGA’ Republicans’ desire to cut spending

VIRGINIA BEACH, Va. (AP) — President Joe Biden on Tuesday said GOP lawmakers could put millions of people’s health care at risk, honing his message ahead of the release of his budget plan next week as Republicans push for him to negotiate over spending levels. The Democratic president spoke at a recreation center in Virginia […]
1 year ago
Associated Press

Danish parliament urges to remove TikTok over cybersecurity

COPENHAGEN, Denmark (AP) — The Danish parliament on Tuesday urged lawmakers and employees with the 179-member assembly against having TikTok on work phones as a cybersecurity measure, saying “there is a risk of espionage.” The popular video-sharing app, which is Chinese-owned, faces intensifying scrutiny from Europe and the U.S. over security and data privacy amid […]
1 year ago
FILE- Light illuminates part of the Supreme Court building on Capitol Hill in Washington, Nov. 16, ...
Associated Press

Supreme Court student loan hearing: What you need to know

NEW YORK (AP) — The fate of President Joe Biden’s student loan forgiveness plan is up in the air after Supreme Court justices questioned whether his administration has the authority to broadly cancel federal student loans. At stake is debt forgiveness for up to 43 million Americans. Nearly half could have their federal student debt […]
1 year ago
FILE - In this file image from video provided by the U.S. Navy, the guided-missile destroyer USS Po...
Associated Press

Japan OKs new budget incl. hefty arms cost to deter China

TOKYO (AP) — The lower house of Parliament approved Tuesday a budget for the coming fiscal year that includes a record 6.8 trillion yen ($50 billion) in defense spending, part of Japan’s effort to fortify its military as China’s influence in the region grows. The 2023 defense budget, up 20% from a year earlier, includes […]
1 year ago
Britain's Prime Minister Rishi Sunak holds a Q&A session with local business leaders during a visit...
Associated Press

UK’s Sunak tries to win over skeptics to his Brexit deal

LONDON (AP) — U.K. Prime Minister Rishi Sunak traveled to Belfast on Tuesday to sell his landmark agreement with the European Union to its toughest audience: Unionist politicians who fear post-Brexit trade rules are weakening Northern Ireland’s place in the United Kingdom. The U.K. and the 27-nation EU announced Monday that they had struck a […]
1 year ago
Associated Press

Dentsu and others charged in Tokyo Olympic bid-rigging probe

TOKYO (AP) — The Tokyo Olympic bid-rigging scandal widened Tuesday with Japanese advertising giant Dentsu and five other companies charged by Tokyo district prosecutors. Executives or management-level officials at each of the accused companies, and a Tokyo Olympic organizing committee official, were charged with violating anti-monopoly laws. No trial dates have been set. The charges […]
1 year ago
FILE - Ukrainian servicemen of the Prince Roman the Great 14th Separate Mechanized Brigade fire a S...
Associated Press

Ukraine’s northeastern front could decide new battle lines

KUPIANSK, Ukraine (AP) — A tank carrying Ukrainian infantry speeds toward a target position marked with a metal sheet. The soldiers climb down, hurl grenades and unleash a crackle of machine-gun fire. Then they repeat the moves, getting faster with every iteration. It’s only a drill. But with the sounds of the real war rumbling […]
1 year ago
A pedestrian passes by the Hong Kong Stock Exchange electronic screen in Hong Kong, on Wednesday, M...
Associated Press

Asian shares trade mixed with earnings, regional tensions

TOKYO (AP) — Asian shares were mixed Wednesday as investors watched for upcoming earnings reports and other indicators on how inflationary pressures might be denting global growth. Japan’s benchmark Nikkei 225 was virtually unchanged in morning trading, inching up less than 0.1% to 27,446.91. Australia’s S&P/ASX 200 edged up 0.1% to 7,266.90. Hong Kong’s Hang […]
1 year ago
Associated Press

Sun, wind aplenty, Spain vies to lead EU in green hydrogen

MADRID (AP) — With an abundance of sun and wind, Spain is positioning itself as Europe’s future leader in green hydrogen production to clean up heavy industries. But some energy sector experts express caution over ramping up an industry that would be wholly reliant on massive increases in the availability of zero-carbon electricity. Ecological transition […]
1 year ago
From left are Scott Paul, president of the Alliance for American Manufacturing, Tong Yi, a human ri...
Associated Press

New China committee debuts, warns of ‘existential struggle’

WASHINGTON (AP) — A special House committee dedicated to countering China began its work Tuesday with a prime-time hearing in which the panel’s chairman called on lawmakers to act with urgency and framed the competition between the U.S. and China as “an existential struggle over what life will look like in the 21st century.” While […]
1 year ago
Associated Press

Hong Kong to lift COVID-19 mask mandate on Wednesday

HONG KONG (AP) — Hong Kong will lift its mask mandate on Wednesday, ending the city’s last major restriction imposed during the COVID-19 pandemic. The city’s chief executive, John Lee, said masks will no longer be required both outdoors and indoors, including on public transit, but some high-risk areas including hospitals and elderly homes can […]
1 year ago
In this photo provided by the North Korean government, North Korean leader Kim Jong Un speaks durin...
Associated Press

North Korea’s Kim calls for unity to boost grain production

SEOUL, South Korea (AP) — North Korean ruler Kim Jong Un called for stronger public solidarity behind his leadership to increase the country’s grain production significantly, state media reported Tuesday, amid outside worries about the country’s worsened food insecurity. Foreign experts say North Korea is experiencing a serious shortfall of food in the aftermath of […]
1 year ago
Associated Press

White House promises crackdown on migrant child labor

WASHINGTON (AP) — The Biden administration said Monday that it is creating a new task force to crack down on an explosion of the illegal exploitation of migrant children for labor in the U.S. Hundreds of companies that employed nearly 4,000 children last year were found in violation of federal labor laws, a dramatic increase […]
1 year ago
Associated Press

How major US stock indexes fared Monday 2/27/2023

Stocks closed slightly higher, clawing back some of the losses from their worst week since early December. The S&P 500 rose 0.3% Monday, just its second gain in the last seven days. The Dow and the Nasdaq also rose. Treasury yields eased a bit. That helped take some pressure off stocks after yields soared this […]
1 year ago
Associated Press

Seagen, Union Pacific rise; Range Resources, Tegna fall

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Seagen Inc., up $16.79 to $178.16. Pfizer is reportedly considering buying the biotechnology company. Range Resources Corp., down $ 2.45 to $25.81. Pioneer Natural Resources said it is not considering acquisitions, amid reports that it might buy the energy company. Tegna […]
1 year ago
Associated Press

Tesla requests $330M-plus in additional Nevada tax breaks

RENO, Nev. (AP) — Tesla may receive over $300 million in tax abatements over the next two decades for a massive new expansion of its northern Nevada facility, the product of a 2014 deal for when the company first came to the area on the promise of new jobs and major investments in the area. […]
1 year ago
Associated Press

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for April delivery fell 64 cents to $75.68 a barrel Monday. Brent crude for April delivery fell 71 cents to $82.45 a barrel. Wholesale gasoline for March delivery rose 1 cent to $2.37 a gallon. March heating oil rose 2 cents to $2.82 a gallon. April natural gas rose 18 cents […]
1 year ago
Associated Press

Dam owner guilty in field turf pollution of Washington river

SEATTLE (AP) — A company that operates a century-old hydroelectric dam near Mount Rainier National Park and its chief operating officer each pleaded guilty to a single criminal count Monday in connection with a spill of synthetic field turf and the tiny rubber particles used to make it into the Puyallup River in 2020. The […]
1 year ago