MONEY NEWS FROM THE ASSOCIATED PRESS

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FILE - A logo of the German car manufacturer Mercedes Benz is pictured in Berlin, Germany, Friday, ...

Mercedes-Benz joins European EV battery joint venture

Luxury automaker Mercedes-Benz is teaming up with Stellantis and TotalEnergies in a European electric vehicle battery joint venture, Automotive Cells Co. Each will hold a one-third stake in the venture, which will have an investment of more than 7 billion euros ($8.2 billion). The partners in Automotive Cells plan to increase the company’s industrial capacity […]
2 days ago
The company logo of Huawei is seen on a building in the sprawling Huawei headquarters campus in She...

Canadians released after Huawei CFO resolves US charges

NEW YORK (AP) — Two Canadians detained in China on spying charges were released from prison and flown out of the country on Friday, Prime Minister Justin Trudeau said, just after a top executive of Chinese communications giant Huawei Technologies reached a deal with the U.S. Justice Department over fraud charges and flew to China. […]
2 days ago
FILE - In this Sept. 15, 2021 file photo photographed through the red lightbulb of a videocamera, B...

Severe Brazil drought reignites debate over daylight saving

RIO DE JANEIRO (AP) — Dyane Rodrigues used to enjoy strolling along Rio de Janeiro’s iconic Ipanema beach after a hot summer’s day. Daylight saving time meant her workday went by faster, and ended early enough for her to take in the golden sunset, the 28-year-old said from her fruit stand, a stone’s throw from […]
2 days ago
President Joe Biden speaks about the COVID-19 response and vaccinations in the State Dining Room of...

Biden: Budget talks hit ‘stalemate,’ $3.5T may take a while

WASHINGTON (AP) — President Joe Biden said Friday that talks over his $3.5 trillion rebuilding plan have hit a “stalemate” in Congress as he made the case for his expansive effort to recast the nation’s tax and spending programs and make what he sees as sweeping, overdue investments. Biden spoke at the White House as […]
2 days ago

Saint Laurent becomes latest fashion house to go fur free

French luxury house Saint Laurent will go completely fur free in its collections from next year, its parent company Kering said Friday. In a statement, Kering added that another of its houses, Italian menswear brand Brioni, will also stop using natural fur — making the luxury giant that includes Gucci, Alexander McQueen, Balenciaga, Bottega Veneta […]
2 days ago
In this June 24, 2021 photo, lumber is piled at a housing construction site in Middleton, Mass.  Ri...

New homes sales rise for second straight month in August

SILVER SPRING, Md. (AP) — Sales of new homes in the U.S. rose modestly in August as rising prices continue to sideline potential buyers. Sales of new homes last month rose 1.5%, the Commerce Department reported Friday, reaching a seasonally adjusted annual rate of 740,000. That’s more than economists had expected and follows an increase […]
2 days ago

UK airports report delays as IT failure shuts e-gates

LONDON (AP) — Travelers arriving at U.K. airports faced delays Friday after electronic passport gates failed, forcing passengers to wait in line for border officers to inspect their documents. London Heathrow, Manchester and Edinburgh airports all reported that a technology failure disrupted gates that allow passengers with biometric passports to quickly pass through border controls […]
2 days ago

China’s HNA Group says chairman, CEO detained by police

BEIJING (AP) — The chairman and CEO of HNA Group, the Chinese airline operator that ran into financial trouble following a global acquisition spree beginning in 2014, have been detained on suspicion of committing crimes, the company announced Friday. Chen Feng and Tan Xiangdong were “taken under compulsory measures” by police in the southern island […]
2 days ago
President Joe Biden speaks about the COVID-19 response and vaccinations in the State Dining Room of...

US booster shots start, even as millions remain unprotected

The U.S. launched a campaign to offer boosters of Pfizer’s COVID-19 vaccine to millions of Americans on Friday even as federal health officials stressed the real problem remains getting first shots to the unvaccinated. “We will not boost our way out of this pandemic,” warned Dr. Rochelle Walensky, director of the Centers for Disease Control […]
2 days ago
Robin Bruce ignites the crowd through breathwork and song at the first in-person Ozark Social held ...

Foundations offer cities help convincing workers to relocate

A year ago, Robin Bruce never thought she would be living in Fayetteville, Arkansas, and liking it. That was before she took advantage of a program, largely financed by the Walton Family Foundation, that is offering $10,000 incentives to entice new residents to the Ozarks region. Bruce, a singer, visual artist, and writer, was eligible […]
2 days ago
Police face Alitalia workers after they blocked the highway leading to the Rome Leonardo Da Vinci i...

Workers for soon-to-be-defunct Alitalia block highway exit

ROME (AP) — Hundreds of Alitalia workers blocked a highway exit outside Rome’s main airport on Friday in a protest ?? vent their anger that most of the airline’s staff will soon lose their jobs. As of Oct. 15, Alitalia, long financially ailing, won’t exist anymore. The new company being formed, called ITA, says it […]
2 days ago
Workers move a box of freshly caught squid in Pucusana, Peru, Monday, Sept. 20, 2021. To compete wi...

Small Fry: Peru’s fishermen battle China’s overseas fleet

ABOARD THE OCEAN WARRIOR in the eastern Pacific Ocean (AP) — José López proudly remembers his first catch: he was 13 and a local skipper, pitying his ragamuffin look, hired him as an extra hand. When he returned home, his pockets stuffed with a day’s wages, his mother protested. “She thought I had stolen the […]
2 days ago
Protesters from Insulate Britain block the A20 which provides access to the Port of Dover, in Kent,...

UK government seeks injunction against climate protestors

LONDON (AP) — The British government is seeking a legal injunction against climate protestors who blocked the entrance to Europe’s busiest ferry port Friday to highlight the climate crisis and fuel poverty in the U.K. Vehicles were stuck in lines as more than 40 protesters from the climate group Insulate Britain blocked the main road […]
3 days ago
A visitor passes by a logo for the e-CNY, a digital version of the Chinese Yuan, displayed during a...

China says all crypto transactions illegal; Bitcoin tumbles

BEIJING (AP) — China’s central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money. Friday’s notice complained Bitcoin, Ethereum and other digital currencies disrupt the financial system and are used in money-laundering and other crimes. “Virtual currency derivative transactions are […]
3 days ago
A health worker administers the vaccine for COVID-19 during a vaccination drive at a market place i...

The Latest: Washington state to give Pfizer boosters to some

OLYMPIA, Wash. — The Washington state Department of Health says it will immediately start offering booster doses of the Pfizer-BioNTech COVID-19 vaccine to certain people after recommendations from the U.S. Food and Drug Administration and other groups. State health officials said Friday that at least six months after completing the primary Pfizer vaccine series, people […]
3 days ago
FILE - In this March 22, 2019 file photo containers are unloaded by a freighter at the Eurokai term...

Shortages cause ‘bottleneck recession’ for German industry

FRANKFURT, Germany (AP) — Shortages of computer chips and other raw materials are continuing to hit Germany’s manufacturers, as bottlenecks leave companies struggling to fill orders from a rebounding global economy. Widespread friction in supply chains sent a closely watched index of German business optimism lower for the third month in a row in September. […]
3 days ago
FILE - In this Jan. 27, 2021 file photo, pedestrians pass the New York Stock Exchange, in New York....

Stocks end mixed on Wall Street, S&P 500 manages weekly gain

Wall street closed out a choppy week of trading Friday with a mixed finish for the major stock indexes, though the S&P 500 managed its first weekly gain in three weeks. The benchmark index rose 0.1% after spending much of the day wavering between small gains and losses. The Dow Jones Industrial Average also eked […]
3 days ago
Instructor Graham Bolger directs learner truck driver Cadhene Lubin-Hewitt as he reverses at the Na...

Drive for Britain! UK scrambles for truckers amid supply woe

LONDON (AP) — British energy firms are rationing supplies of gasoline and closing some petrol pumps — the latest in a string of shortages that have seen McDonald’s take milkshakes off the menu, KFC run short of chicken and gaps appear on supermarket shelves. A big factor behind the problems is a lack of truck […]
3 days ago
FILE - In this Wednesday, May 27, 2020 file photo, Medical personnel adjust their personal protecti...

NY hospitals, schools fear staff shortage from vaccine rules

NEW YORK (AP) — Some of the nation’s most aggressive COVID-19 vaccine mandates are scheduled to take effect Monday in New York amid continued resistance from some to the shots, leaving hospitals and nursing homes across the state and schools in New York City bracing for possible staff shortages. Many health care workers, including support […]
3 days ago
Chinese police and security personnel march past police vehicles outside the Evergrande headquarter...

Chinese banks try to calm fears about developer’s debts

BEIJING (AP) — Trying to dispel investor fears, some Chinese banks are disclosing what they are owed by a real estate developer that is struggling under $310 billion in debt and say they can cope with a potential default. The announcements came as Evergrande Group promised to talk with some individual investors in its debt. […]
3 days ago
The Chinese-flagged Zhong Yuan Yu 16 sails at dusk on the high seas near the Galapagos Islands on J...

Great Wall of Lights: China’s sea power on Darwin’s doorstep

ABOARD THE OCEAN WARRIOR in the eastern Pacific Ocean (AP) — It’s 3 a.m., and after five days plying through the high seas, the Ocean Warrior is surrounded by an atoll of blazing lights that overtakes the nighttime sky. “Welcome to the party!” says third officer Filippo Marini as the spectacle floods the ship’s bridge […]
3 days ago

Ex-OppenheimerFunds worker charged in $8M inside trade case

NEW YORK (AP) — A former OppenheimerFunds analyst was freed Thursday on $1.5 million bail after he was arrested on insider trading charges alleging he used secrets at the firm to collect over $8 million in illegal profits. Sergei Polevikov, 48, of Port Washington, New York, was arrested late Wednesday on securities, wire, and investment […]
3 days ago

Probe: Michaels, Minnesota cops violated Black teen’s rights

MINNEAPOLIS (AP) — The manager of a suburban Minneapolis Michaels store called police on a teenager looking for a job simply because he is Black and officers then used unreasonable force against him because of his race, a state agency that investigates civil rights abuses said in findings released Thursday. The 16-year-old boy repeatedly said […]
3 days ago

US court revives suit against Facebook over TV host’s image

PHILADELPHIA (AP) — A federal appeals court has revived a Philadelphia newscaster’s lawsuit against Facebook over the unauthorized use of her image in advertisements for dating sites and sex-related products that ran on the site. A divided panel concluded that Facebook is not immune from Fox 29 host Karen Hepp’s claim that the advertisements violated […]
3 days ago