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MONEY NEWS FROM THE ASSOCIATED PRESS

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  • Trial begins over COVID outbreak in Austrian ski resort

    VIENNA (AP) — A civil trial opened Friday in Austria over the government’s handling of a coronavirus outbreak at an Alpine ski resort during the early stages of the pandemic that relatives say resulted in unnecessary infections and deaths. The widow and son of a 72-year-old Austrian man are seeking about 100,000 euros ($117,000) compensation […]
  • Latest: Sri Lanka extends lockdown until Oct. 1

    COLOMBO, Sri Lanka — Sri Lanka on Friday extended the COVID-19 lockdown by another two weeks amid pressure from medical experts. The current lockdown was to end on Tuesday. A special meeting of the COVID-19 Control Committee chaired by President Gotabhaya Rajapaksa decided to extend the measures until Oct. 1, according to presidential spokesman Kingsly […]
  • Hungary: Statue honoring mysterious Bitcoin founder unveiled

    BUDAPEST, Hungary (AP) — An imposing bronze statue was unveiled in Hungary’s capital on Thursday which its creators say is the first in the world to pay homage to the anonymous creator of the Bitcoin digital currency. Erected in a business park near the Danube River in Budapest, the bust sits atop a stone plinth […]
  • China sets up platform to police gaming firm violations

    BEIJING (AP) — Chinese regulators have set up a platform that allows the public to report on gaming companies they believe are violating restrictions on online game times for children. China’s National Press and Publication Administration set up the platform. It enables holders of Chinese ID cards to report violations and furnish proof, effectively giving […]
  • World shares advance on mixed economic data

    World shares were mostly higher on Friday as investors assessed a hodge-podge of economic data. Benchmarks rose in Frankfurt, Paris, Tokyo and Hong Kong but fell in Sydney. U.S. futures edged higher, while the yield on the 10-year Treasury note was steady at 1.33%. Oil prices retreated from their surge earlier in the week. U.S. […]
  • AP FACT CHECK: Biden’s shaky claims on jobs, gasoline

    WASHINGTON (AP) — Boasting that government policies can make a difference in improving the economy, President Joe Biden went too far Thursday in taking credit for job growth since taking office. He also made a dubious suggestion that wrongdoing is behind higher gasoline prices — something that his administration will seek to fix. But analysts […]
  • China applies to join Pacific trade pact abandoned by Trump

    BEIJING (AP) — China has applied to join an 11-nation Asia-Pacific free trade group in an effort to increase its influence over international policies. Commerce Minister Wang Wentao submitted an application to the trade minister of New Zealand as a representative of the Comprehensive and Progress Agreement for Trans-Pacific Partnership, the Commerce Ministry announced Thursday. […]
  • AP FACT CHECK: Biden’s shaky claims on jobs, gasoline

    WASHINGTON (AP) — Boasting that government policies can make a difference in improving the economy, President Joe Biden went too far Thursday in taking credit for job growth since taking office. He also made a dubious suggestion that wrongdoing is behind higher gasoline prices — something that his administration will seek to fix. But analysts […]
  • Facebook bans German accounts under new ‘social harm’ policy

    Facebook removed almost 150 accounts and pages linked to anti-lockdown demonstrators in Germany, the company announced Thursday, under a new policy focused on groups that spread misinformation or incite violence but who don’t fit into the platform’s existing categories of bad actors. The accounts on Facebook and Instagram spread content linked to the so-called Querdenken […]
  • How major US stock indexes fared Thursday

    Stocks couldn’t hold on to a brief afternoon gain and wound up ending mostly lower Thursday. The S&P 500 and the Dow Jones Industrial Average each fell. The tech-heavy Nasdaq managed to eke out a small gain. More stocks fell than rose in the S&P 500, and most of the index’s sectors took slight losses. […]