BEIJING (AP) — China’s central bank trimmed a key interest rate Monday to shore up sagging economic growth at a politically sensitive time when President Xi Jinping is trying to extend his hold on power.
Facebook failed to detect blatant election-related misinformation in ads ahead of Brazil’s 2022 election, a new report from Global Witness has found, continuing a pattern of not catching material that violates its policies the group describes as “alarming.”
TOKYO (AP) — Japan’s economy grew at an annual rate of 2.2% in the April-June quarter, the government said Monday, as consumer spending rebounded with the gradual lifting of pandemic precautions.
SLOVIANSK, Ukraine (AP) — Anastasiia Aleksandrova doesn’t even look up from her phone when the thunder of nearby artillery booms through the modest home the 12-year-old shares with her grandparents on the outskirts of Sloviansk in eastern Ukraine.
BANGKOK (AP) — Recent executions of four democracy activists in Myanmar have reenergized efforts to get the United States and other countries to impose further sanctions against military leaders who ousted an elected government early last year.
MOSCOW (AP) — Lawyers for American basketball star Brittney Griner on Monday filed an appeal against her nine-year Russian prison sentence for drug possession, Russian news agencies reported Monday.
DUBAI, United Arab Emirates (AP) — Saudi energy company Aramco said Sunday its profits jumped 90% in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion.
BANGKOK (AP) — World shares were mostly higher early Monday after China's central bank cut a key interest rate and Japan reported its economy picked up momentum in the last quarter.
U.S. futures edged lower and oil prices fell more than $2.
NEW YORK (AP) — Anshu Jain, a former co-CEO of Deutsche Bank, has died, his family said in a statement Saturday. He was 59.
Jain died after a battle with duodenal cancer, which he was diagnosed with in 2017.
NEW DELHI (AP) — Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India’s own Warren Buffett, died Sunday in Mumbai city, Press Trust of India news agency reported.
NEW YORK (AP) _ Clear Secure Inc. (YOU) on Monday reported a loss of $7.2 million in its second quarter.
On a per-share basis, the New York-based company said it had a loss of 9 cents. Earnings, adjusted for non-recurring costs, were less than 1 cent on a per-share basis.
WIXOM, Mich. (AP) _ Rockwell Medical Inc. (RMTI) on Monday reported a loss of $5 million in its second quarter.
On a per-share basis, the Wixom, Michigan-based company said it had a loss of 56 cents.
PUTRAJAYA, Malaysia (AP) — Malaysia's top court Monday began hearing a final appeal by former Prime Minister Najib Razak to toss out his graft conviction linked to the massive looting of the 1Malaysia Development Berhad state fund.
A look at some of the key business events and economic indicators upcoming this week:
SPOTLIGHT ON WALMART
Wall Street expects another mixed quarterly report card from Walmart.
CARACAS, Venezuela (AP) — Public school teachers across Venezuela had planned to use their annual vacation bonus to buy uniforms for their children, waterproof leaky roofs, get new prescription glasses or fix the pair barely held together by adhesive tape.
MADRID (AP) — It was perfect timing for Real Madrid in its Spanish league opener on Sunday.
As David Alaba prepared to come into the match by the sideline, Luka Modric was being brought down by a defender just outside the penalty area.
CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline plummeted 45 cents over the past three weeks to $4.10 per gallon.
Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the continued decline comes as crude oil costs also remain low.
YEREVAN, Armenia (AP) — A strong explosion at a fireworks storage area tore through a popular market in Armenia's capital on Sunday, killing at least two people, injuring 60 others and setting off a large fire.
KYIV, Ukraine (AP) — A United Nations-chartered ship loaded with 23,000 metric tons of Ukrainian grain destined for Ethiopia set sail Sunday from a Black Sea port, the first shipment of its kind in a program to assist countries facing famine.
NEW YORK (AP) — The Brad Pitt action film “Bullet Train” led all movies in ticket sales for a second straight weekend, according to studio estimates Sunday, while a quiet spell in theaters and incredible staying power allowed “Top Gun: Maverick” to rocket back into third place in its 12th week of release.
NAIROBI, Kenya (AP) — Kenya’s peaceful presidential election saw a brief disruption when riot police responded to scuffles at the national tallying center amid tensions over the close results.
LONDON (AP) — It's not just the economy. While inflation and recession fears weigh heavily on the minds of voters, another issue is popping up in political campaigns from the U.K.
TAIPEI, Taiwan (AP) — A delegation of American lawmakers arrived in Taiwan on Sunday, just 12 days after a visit by U.S.
Facing prison time and dire personal consequences for storming the U.S. Capitol, some Jan. 6 defendants are trying to profit from their participation in the deadly riot, using it as a platform to drum up cash, promote business endeavors and boost social media profiles.
HONOLULU (AP) — For their 16th wedding anniversary, Democrats in Hawaii gifted Josh Green and his wife, Jaime, a comfortable margin of victory in the gubernatorial primary Saturday.
Green, the state’s current lieutenant governor, handily defeated former first lady Vicky Cayetano and Kaiali’I Kahele, who decided to seek the governor’s office instead of a second term in the U.S.
NOVOSELIVKA, Ukraine (AP) — As battles raged around Kyiv, one Russian advance was stopped in front of Maria Metla’s home. Artillery gutted most of the house, while the rest was pulverized by tank fire.
WASHINGTON (AP) — Sen. Kyrsten Sinema, the Arizona Democrat who single-handedly thwarted her party’s longtime goal of raising taxes on wealthy investors, received nearly $1 million over the past year from private equity professionals, hedge fund managers and venture capitalists whose taxes would have increased under the plan.
PROVIDENCE, R.I. (AP) — A major economic bill headed to the president has “game-changing” incentives for the nuclear energy industry, experts say, and those tax credits are even more substantial if a facility is sited in a community where a coal plant is closing.
NASHVILLE, Tenn. (AP) — A developer has unearthed human remains that could be two centuries old while digging to lay the foundation of a new Nashville project not far from a Civil War fort and a cemetery dating back to 1822.
BERLIN (AP) — German businesses and public institutions should heat their offices no higher than 19 degrees Celsius (66.2 degrees Fahrenheit) this winter to help reduce the country's consumption of natural gas, Germany’s economy minister said Saturday.
SAN FRANCISCO (AP) — What takes four years to make and costs more than $20,000? A trash can in San Francisco.
That costly, boxy bin is among six trash cans hitting San Francisco's streets this summer in the city's long saga in search of the perfect can.
WASHINGTON (AP) — The flagship climate change and health care bill passed by Democrats and soon to be signed by President Joe Biden will bring U.S.
COLOMBO, Sri Lanka (AP) — A Chinese research ship will be allowed to dock in a Sri Lankan port after a days-long delay apparently because of concerns raised by India.
Sri Lanka's foreign ministry said in statement Saturday that the Yuan Wang 5, which had been scheduled to dock last Thursday in the southern Hambantota port, will now arrive Tuesday and anchor there until Aug.
Shipping companies prepared to halt the transport of goods on the Rhine as water levels in Germany's biggest river neared a critically low point Saturday.
LONDON (AP) — Thousands of U.K. train drivers walked off the job Saturday in a strike over jobs, pay and conditions, scuppering services across much of the country. The action was the latest in a spreading series of strikes by British workers seeking substantial raises to offset soaring prices for food and fuel.
SIRMIONE Italy (AP) — Italy’s worst drought in decades has reduced Lake Garda, the country's largest lake, to near its lowest level ever recorded, exposing swaths of previously underwater rocks and warming the water to temperatures that approach the average in the Caribbean Sea.
THE HAGUE, Netherlands (AP) — Dutch financial prosecutors say they detained a man suspected of involvement in “concealing criminal financial flows and facilitating money laundering" through the virtual currency mixer Tornado Cash.
TORONTO (AP) _ Seabridge Gold Inc. (SA) on Friday reported net income of $15 million in its second quarter.
On a per-share basis, the Toronto-based company said it had profit of 19 cents.
BILLINGS, Mont. (AP) — A diesel pipeline in Wyoming owned by a company that's being sued by federal prosecutors over previous spills in two other states cracked open and released more than 45,000 gallons (205,000 liters) of fuel, state regulators and a company representative disclosed Friday.
WASHINGTON (AP) — The biggest investment ever in the U.S. to fight climate change.
WASHINGTON (AP) — A divided Congress gave final approval Friday to Democrats' flagship climate and health care bill, handing President Joe Biden a back-from-the-dead triumph on coveted priorities that the party hopes will bolster their prospects for keeping their House and Senate majorities in November's elections.
MOSCOW (AP) — Russia’s gross domestic product contracted 4% in the second quarter of this year, the first full quarter since Russia sent troops into Ukraine, the state statistical service said Friday.
BILLINGS, Mont. (AP) — A federal judge on Friday reinstated a moratorium on coal leasing from federal lands that was imposed under former President Barack Obama and then scuttled under former President Donald Trump, in an order that marked a major setback to the already struggling coal industry.
Inflation Reduction Act may have little impact on inflation
WASHINGTON (AP) — With inflation raging near its highest level in four decades, the House gave final approval to President Joe Biden’s landmark Inflation Reduction Act.
WASHINGTON (AP) — With inflation raging near its highest level in four decades, the House on Friday gave final approval to President Joe Biden's landmark Inflation Reduction Act.
NEW YORK (AP) — Peloton is laying off employees and raising prices for some of its equipment as part of its latest bid to make the business profitable and free up cash.
The changes were disclosed Friday in a memo to employees of the maker of high-end exercise bikes and treadmills from its new CEO Barry McCarthy.
DALLAS (AP) _ Cross Timbers Royalty Trust (CRT) on Friday reported second-quarter net income of $3.6 million.
The Dallas-based company said it had profit of 59 cents per share.
The express trust posted revenue of $3.8 million in the period.
BEND, Ore. (AP) — St. Charles Health System in Central Oregon accidentally overpaid thousands of employees a total of $2 million and is demanding employees pay that money back.
Employees were told Thursday of the total amounts allegedly owed, Oregon Public Broadcasting reported.
HOUSTON (AP) _ Chesapeake Granite Wash Trust (CHKR) on Friday reported second-quarter net income of $2.5 million.
On a per-share basis, the Houston-based company said it had profit of 5 cents.