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US prosecutors: Bribes used to hide Russian kickback scheme

Jonathan Drew, Associated Press  |  Posted Jan 22nd - 12:52pm

Prosecutors say a businessman accused of a $150 million kickback scheme involving Russian military contracts bribed authorities there to drop an investigation into the fraud.

Brazilian leader at odds with Davos focus on environment

Jamey Keaten and Pan Pylas, Associated Press  |  Updated Jan 22nd - 12:51pm

Brazilian President Jair Bolsonaro pledged to work "in harmony with the world" to cut carbon emissions, aiming to quell international concerns that his country, the main custodian of the oxygen-rich Amazon, could put economic interests over environmental ones.

Former Wilmington Trust official sentenced for conspiracy

Randall Chase, Associated Press  |  Posted Jan 22nd - 12:40pm

A former bank executive who cooperated with authorities in an investigation that led to the fraud convictions of four top executives for Wilmington Trust, the only financial institution to be criminally charged in connection with the federal bank bailout program, has been sentenced to almost two years in prison.

Trump proposal panned as workers face another lost paycheck

Andrew Taylor, Jill Colvin and Lisa Mascaro, Associated Press  |  Updated Jan 22nd - 12:23pm

Senate Republicans pressed ahead Tuesday with a plan to reopen the government and finance President Donald Trump's long-stalled wall along the U.S.-Mexico border, but Democrats said the legislation offers inadequate protections for "Dreamer" immigrants and Trump should reopen the government before negotiations can start.

6 remain missing after Black Sea ship fire

The Associated Press  |  Updated Jan 22nd - 12:11pm

Ambulance crews on the Crimean Peninsula transported a dozen survivors of a ship fire to hospitals on Tuesday while six of their crewmates have remained missing in the Black Sea. At least 14 sailors died in the tragedy.

Iran denounces German ban on its Mahan Air

The Associated Press  |  Posted Jan 22nd - 12:08pm

Iran's Foreign Ministry has denounced as "hasty and incorrect" a German ban on Iran's Mahan Air from landing in the country.

UPDATED

Death toll in Mexico pipeline fire rises to 93

The Associated Press  |  Updated Jan 22nd - 12:07pm

The death toll in a massive fire at an illegally tapped pipeline in Mexico rose to 93 on Tuesday after four more injured people died at hospitals.

Signs of a weaker global economy send stocks sharply lower

Marley Jay, Associated Press  |  Updated Jan 22nd - 11:24am

Stocks across the world are down Tuesday following new signs the global economy is weakening. The International Monetary Fund trimmed its economic forecasts for 2019 and 2020 and pointed to risks including trade tensions and rising interest rates. China's government said its economy grew in 2018 at the slowest pace since 1990.

Google self-driving spinoff Waymo to put factory in Michigan

David Eggert and Tom Krisher, Associated Press  |  Updated Jan 22nd - 11:23am

Google's self-driving car spinoff Waymo said Tuesday it will bring a factory to Michigan, creating up to 400 jobs at what it describes as the world's first plant "100 percent" dedicated to the mass production of autonomous vehicles.

Israeli shelling kills Gaza militant after officer wounded

Ilan Ben Zion, Associated Press  |  Updated Jan 22nd - 11:19am

Israeli shelling of the Gaza Strip on Tuesday killed a Palestinian militant and wounded four others shortly after an Israeli soldier was shot on the border of the coastal enclave, authorities said. Following the incident, Israel said it would halt a key transfer of Qatari funds to the Gaza Strip.

Brexit battle looms as UK lawmakers attack May's 'Plan B'

Jill Lawless, Associated Press  |  Updated Jan 22nd - 10:49am

Prime Minister Theresa May is determined to get a tweaked version of her rejected European Union divorce deal through Parliament. British lawmakers have other ideas — lots of other ideas.

Mayor: Los Angeles school officials, union reach tentative deal that will allow teachers to return to work Wednesday

The Associated Press  |  Posted Jan 22nd - 10:47am

Mayor: Los Angeles school officials, union reach tentative deal that will allow teachers to return to work Wednesday.

UAE hosted Syrian businessman on US sanctions list

The Associated Press  |  Updated Jan 22nd - 10:43am

The United Arab Emirates hosted a Syrian trade delegation led by a businessman and lawmaker who has been on the U.S. Treasury sanctions list since the country's civil war erupted in 2011, UAE state media reported Tuesday.

The Latest: Merck to ship 120,000 more Ebola vaccine doses

The Associated Press  |  Updated Jan 22nd - 10:33am

The Latest on the World Economic Forum in Davos, Switzerland (all times local):

China demands US drop Huawei extradition request with Canada

Christopher Bodeen, Associated Press  |  Updated Jan 22nd - 10:29am

China on Tuesday demanded the U.S. drop a request that Canada extradite a top executive of the tech giant Huawei, shifting blame to Washington in a case that has severely damaged Beijing's relations with Ottawa.

Pelosi works her health care strategy from the ground up

Ricardo Alonso-Zaldivar, Associated Press  |  Updated Jan 22nd - 10:24am

House Speaker Nancy Pelosi is laying out her strategy on health care and first up is improvements to "Obamacare" and legislation to lower prescription drug costs. "Medicare for all" will get hearings.

Spanish government loses vote with budget fight looming

The Associated Press  |  Posted Jan 22nd - 10:21am

Spain's government lost a vote in parliament to change regulations for housing rentals on Tuesday, dealing the ruling Socialists a setback as they try to cobble together support to pass a national budget.

Markets Right Now: Stocks slip on economic growth worries

The Associated Press  |  Updated Jan 22nd - 9:57am

The latest on developments in financial markets (all times local):

Spain: Taxi drivers threaten to take strike to French border

The Associated Press  |  Updated Jan 22nd - 9:51am

Taxi drivers striking to demand tighter regulations for companies using ride-hailing apps blocked traffic for another day in Spain's two major cities on Tuesday, while threatening to take their protest to the French border.

Elliott pushes for changes at eBay

The Associated Press  |  Updated Jan 22nd - 9:39am

An activist shareholder said Tuesday that eBay would be better off without StubHub or its classified ads businesses.