AP Business
Business and economic news from the Associated Press.
Latest stories
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Malaysia's king allows former leader Najib to serve rest of his graft sentence under house arrest
KUALA LUMPUR, Malaysia (AP) — Malaysia’s king on Friday granted jailed former Prime Minister Najib Razak a rare royal clemency, allowing him to serve the remainder of his prison term for graft under house arrest.
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Russia's wartime economy faces long-term erosion from debt and military spending
FRANKFURT, Germany (AP) — The frictions in Russia’s wartime economy are growing, as massive military spending balloons the budget deficit. Consumers and businesses are gloomier. Growth has slowed.
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Kauai small businesses ask tourists to return after Hurricane Lowell, with aloha and some patience
Watching her staff happily hand out free meals for hundreds of residents outside their Wailua commercial kitchen, food truck co-owner Kelly Kakalia felt fulfilled.
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Asian shares mostly rise, cheered by a US rally and easing oil prices
Asian shares are mostly up as markets get a lift from a Wall Street rally. Benchmarks have risen Friday in Tokyo, Seoul, Hong Kong and Shanghai, while declining in Sydney. The Bank of Japan raised the benchmark interest rate to 1.25% from 1.0%, a 31-year high. The move came after the Federal Rese...
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Japan's central bank raises benchmark interest rate to 1.25%
TOKYO (AP) — Japan’s central bank on Friday raised the benchmark interest rate to 1.25% from 1.0%, a 31-year-high.
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Africa's urban waste crisis is outpacing infrastructure investment and choking neighborhoods
JOHANNEBURG (AP) — Two men sit on top of a hill at the end of a narrow road in Johannesburg ’s industrial suburb of Kya Sands. But the hill is no natural feature — it is a mountain of illegally dumped trash, piled so high it now swallows the road beyond.
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Anthropic says its model Claude is helping to build the next version of itself
Anthropic has announced that its AI model, Claude, is significantly aiding in the development of building its successor. Claude is handling 26% of the model research and development for Anthropic, completing tasks under human supervision. Although Claude isn't fully autonomous, it collaborates on...
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A sweeping US sanctions bill offers Ukraine new leverage on Russia, but enforcement looms
KYIV, Ukraine (AP) — Ukraine has long argued that Russia will only negotiate seriously if the cost of continuing the war becomes too high.
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Killing endangered wildlife is legal if they aren't the target, new Trump rule says
BILLINGS, Mont. (AP) — Killing endangered animals while logging a forest or building a dam would not be considered illegal unless the animals were specifically targeted, under a new interpretation of the Endangered Species Act by President Donald Trump's administration that marks a sea change in ...
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A week after Houthis seized a Red Sea city, the Iranian-backed rebels eye the oil-rich east
CAIRO (AP) — It's been a week since Yemen's Iran-backed Houthi rebels stormed down the Red Sea coast, extending their reach to a key maritime chokepoint and threatening Saudi Arabia's oil exports.
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Why the Federal Reserve is lifting rates now, and what it means
WASHINGTON (AP) — About six weeks ago, Federal Reserve Chairman Kevin Warsh announced that a divided central bank was keeping its key interest rate unchanged.
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Brazil’s Lula announces 15% increase in flagship welfare payments ahead of key election
RIO DE JANEIRO (AP) — Brazilian President Luiz Inácio Lula da Silva signed a decree on Thursday increasing benefits under his flagship welfare program by 15%, weeks before the first round of the presidential elections.
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Judge orders Kennedy Center to provide 30 days’ notice before making any major physical changes
A federal judge has ordered the Kennedy Center to provide 30 days’ notice before making any major physical changes to the building, including demolishing it as President Donald Trump has threatened. U.S. District Judge Christopher Cooper said Thursday his ruling would “avoid any confusion on that...
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Prenatal appointments and no place to pump: Navigating pregnancy and postpartum needs at work
NEW YORK (AP) — The ambulance dispatch station where Heydi Fernandez waited for calls as an emergency medical technician didn't have a private place to pump breast milk when she returned to work three months after giving birth to her son.
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Caitlin Clark’s Nike signature shoe arrives Oct. 1, with 'Caitlin Blue' and 'Warning Code Yellow'
Caitlin Clark doesn't have much longer to wait for her first signature shoe to come out.
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Claims for unemployment benefits drop to 196,000, lowest since mid-July as layoffs remain low
WASHINGTON (AP) — The number of people applying for unemployment benefits dropped sharply last week, another sign that layoffs remain rare and most Americans enjoy job security.
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Serbia's President Vucic inaugurates assembly factory for Israel-made drones
BELGRADE, Serbia (AP) — Serbia's President Aleksandar Vucic said Thursday he has inaugurated an assembly factory for Israel-made drones in the Balkan country to boost its military.
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US mortgage rates brush 7%, weighing on buyers, sellers and further straining a bleak housing market
Home shoppers holding out for relief from rising mortgage rates may be in for a long wait.
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DoorDash and Uber Eats to offer delivery from US Costco stores
Costco said Thursday it's partnering with DoorDash to offer delivery from its U.S. warehouse stores.
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The king and AI: UK monarch Charles meets artificial intelligence leaders as safety concerns swirl
King Charles III has urged AI leaders to keep artificial intelligence under control and beneficial for people and the planet. On Thursday, he addressed executives from OpenAI, Anthropic, Google DeepMind, and Nvidia in Scotland. The meeting focused on AI's societal benefits amid concerns about its...
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Huawei unveils new chip technologies as Chinese firm steps up the AI race with Nvidia
BEIJING (AP) — Chinese technology giant Huawei launched new chip technologies in a challenge to global leaders such as Nvidia that highlights the narrowing gap between China and the U.S. in artificial intelligence.
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Takaichi shuffles Japan’s Cabinet to revive sagging support, keeps key ministers
TOKYO (AP) — Japan’s Prime Minister Sanae Takaichi reshuffled her Cabinet on Thursday in a bid to turn around her waning popularity, but retained key ministers as she pursues stronger ties with the U.S.
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US stocks rally to their best day in 6 weeks after oil prices and bond yields ease
The U.S. stock market rallied to its best day in six weeks after oil prices fell and pressure from the bond market eased. The S&P 500 jumped 1.1% Thursday for just its second rise in the last nine days. The Dow Jones Industrial Average added 0.6%, and the Nasdaq composite climbed 1.7%. Stocks got...
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Leaders from Lebanon, France and Jordan to discuss struggling Lebanese military
BEIRUT (AP) — The heads of state of Lebanon, France and Jordan will meet Thursday in Paris as part of an effort to drum up support for the struggling Lebanese military.
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Bank of England holds rates but appears ready to hike soon
The Bank of England is keeping the U.K.’s main interest rate unchanged at 3.75% even though inflation in the United Kingdom has risen to a five-month high as the fallout from the Iran war continues to ratchet up fuel prices. Like other central banks, the inflation outlook is key for the Bank of ...
