News  /  Biz  / 

Most Recent

British Steel collapses, threatening thousands of jobs

Danica Kirka, Associated Press  |  Posted May 22nd - 3:50am

British Steel has been ordered into compulsory liquidation after talks with the government failed to secure a bailout, Britain's Insolvency Service said Wednesday.

UK's May under fire after lawmakers reject Brexit offer

The Associated Press  |  Posted May 22nd - 3:44am

British Prime Minister Theresa May is under pressure to scrap a planned vote on her Brexit blueprint, after her attempt at compromise got the thumbs-down from her own party and the opposition.

Bulgaria, Greece start work on gas pipeline from Azerbaijan

The Associated Press  |  Posted May 22nd - 3:14am

Bulgaria and Greece are launching the construction of a pipeline to transport Azeri gas to Bulgaria to ease its almost total dependence on Russian gas supplies.

Earthquake shakes northern Netherlands, no injuries reported

The Associated Press  |  Posted May 22nd - 3:02am

A magnitude 3.4 earthquake has shaken the northern Dutch province of Groningen, the latest in a series of tremors blamed on decades of gas extraction from underground reserves.

Threat or promise? E-auto boom could cost industry jobs

David McHugh, Associated Press  |  Posted May 22nd - 2:59am

Over 115 years the auto industry in the east German town of Zwickau has lived through wrenching upheavals including World War II and the collapse of communism. Now the city's 90,000 people are plunging headlong into another era of change: top employer Volkswagen's total shift into electric cars at the local plant.

Daimler CEO Zetsche hands over to successor amid tech change

The Associated Press  |  Posted May 22nd - 2:45am

Daimler CEO Dieter Zetsche is handing off to his successor after 13 years at the helm as the company faces challenges from the transition to electric cars and digital transportation technologies.

UK inflation back above official target as energy costs rise

Pan Pylas, Associated Press  |  Posted May 22nd - 2:41am

Inflation in Britain rose in April back above the Bank of England's target rate following an uptick in energy prices and airfares, official figures showed Wednesday.

China cuts taxes on circuit industry in face of US pressure

The Associated Press  |  Posted May 22nd - 2:33am

China is cutting taxes on its fledgling software and integrated circuit industries to spur development in the face of U.S. export controls that threaten to handicap Chinese tech companies.

Rejecting taboos, Palestinian businessman welcomes US plan

Isabel Debre, Associated Press  |  Posted May 22nd - 12:13am

A Palestinian businessman who flouts political taboos by working with Israeli settlers in the West Bank could soon have a role in President Donald Trump's Middle East peace plan.

Japan carriers delay sale of new Huawei smartphones

The Associated Press  |  Posted May 22nd - 12:13am

Two Japanese mobile carriers said Wednesday they are delaying the sale of new smartphones from Huawei as they confirm the safety of the Chinese products.

World shares mixed following advance on Wall Street

Elaine Kurtenbach, Associated Press  |  Posted May 21st - 11:54pm

World shares were mixed Wednesday after a rebound in technology stocks helped power an overnight rally on Wall Street.

Alabama House approves 'born alive' abortion bill

Kim Chandler, Associated Press  |  Posted May 21st - 11:48pm

Doctors would face prison sentences if they fail to treat babies "born alive" after an attempted abortion, under a bill approved Tuesday night by the Alabama House of Representatives.

Oral arguments to occur in Trump fight over bank subpoenas

Larry Neumeister, Associated Press  |  Posted May 21st - 11:34pm

A judge is poised to hear oral arguments Wednesday over President Donald Trump's effort to block congressional subpoenas seeking financial records from two banks.

3 Chinese airlines seeking Boeing compensation over 737 Max

Joe McDonald, Associated Press  |  Posted May 21st - 11:18pm

China is stepping up pressure on Boeing Co. for compensation over the grounding of its 737 Max jetliners and a role in approving changes after two fatal crashes.

Australian state leader intervenes to approve coal mine

Rod McGuirk, Associated Press  |  Posted May 21st - 11:15pm

An Australian state government leader intervened on Wednesday to fast-track a proposed coal mine days after voters rejected tougher action to curb greenhouse gas emissions in the country's general election.

Officials to tackle thorny issue of infrastructure funding

Kevin Freking, Associated Press  |  Posted May 21st - 10:19pm

Reality has set in during the three weeks since President Donald Trump and Democratic congressional leaders agreed to work together on a $2 trillion package to invest in roads, bridges and broadband.

Nonprofits turn to cryptocurrency to help needy Venezuelans

Manuel Rueda, Associated Press  |  Posted May 21st - 10:03pm

Andreina Cordero started the year skipping meals so her three kids could eat. Her husband, a construction worker, was out of a job. And the family's savings had been devastated by the nation's hyperinflation, limiting Cordero's children to a diet of rice, beans, pasta and fried corn patties.

MGM discontinues talks with Wynn on Encore Boston purchase

The Associated Press  |  Posted May 21st - 8:26pm

MGM Resorts International says it will no longer pursue buying Encore Boston Harbor from Wynn Resorts.

The Latest: Philadelphia mayor fends off 2 in primary

The Associated Press  |  Posted May 21st - 7:09pm

The Latest on the Democratic primary for Philadelphia mayor (all times local):

Utah investigates school for troubled youth, citing abuse

Morgan Smith, Associated Press  |  Posted May 21st - 7:00pm

A youth psychiatric center where a brawl broke out last month is at risk of losing its license as Utah state officials investigate claims of sexual abuse, violence and several other issues.