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  • CN bids $33.7B for Kansas City Southern, tops $25B proposal

    A bidding war is breaking out for Kansas City Southern, with Canadian National Railway making a $33.7 billion cash-and-stock offer for the railway. The bid trumps a $25 billion cash-and-stock proposal made by Canadian Pacific last month. Any deal would capitalize on growing trade across North America by creating the first railroad that would link […]
  • Albania signs 104 million-euro deal to build new airport

    TIRANA, Albania (AP) — Albania on Tuesday signed a contract with a Swiss-based consortium to build a 104 million-euro ($125 million) new international airport. Lugano-based Mabco Constructions will make preparatory work, environmental, archaeological and other paper work in about two years and then complete the new airport in 36 months. The Vlora International airport will […]
  • Pandemic causes decline in Czech beer consumption

    PRAGUE (AP) — Beer consumption in the Czech republic — the world’s largest per-capita consumer of the drink — was badly affected by the coronavirus last year, the country’s brewing body said Tuesday. The amount consumed annually on average by each person in the country dropped by 7 liters (14.8 pints) to 135 liters (285 […]
  • US takes steps to protect electric system from cyberattacks

    WASHINGTON (AP) — The Biden administration is taking steps to protect the country’s electricity system from cyberattacks through a new 100-day initiative combining federal government agencies and private industry. The initiative, announced Tuesday by the Energy Department, encourages owners and operators of power plants and electric utilities to improve their capabilities for identifying cyber threats […]
  • Restaurants, delivery apps still at odds as demand grows

    Diners got used to delivery during the pandemic, and the habit may stick long after dining rooms reopen. But restaurants and delivery companies remain uneasy partners, haggling over fees and struggling to make the service profitable for themselves and each other. Companies like DoorDash and UberEats helped many restaurants stay in business during lockdowns, allowing […]
  • Millennial Money: Changing the face of the cannabis industry

    Cannabis businesses have transformed from clandestine ventures to glossy lifestyle brands in a matter of years, thanks to an evolving regulatory and business landscape. The majority of states now have some form of legalized cannabis, whether for medical or recreational use. The 2021 U.S. cannabis market is valued at $33 billion , according to an […]
  • Merkel defends German/Russian pipeline construction

    BERLIN (AP) — German Chancellor Angela Merkel on Tuesday defended her country’s ongoing cooperation with Russia on the building of the Nord Stream 2 pipeline amid growing criticism of Moscow’s treatment of opposition politician Alexei Navalny and aggression toward Ukraine. In an online appearance before the Council of Europe, Merkel noted that the Nord Stream […]
  • The Latest: Malaysian opposition seeks end to emergency

    KUALA LUMPUR, Malaysia — Malaysian opposition lawmakers led by former Prime Minister Mahathir Mohamad submitted a petition to the country’s king on Tuesday seeking an end to a coronavirus emergency so Parliament can resume. The king approved Prime Minister Muhyiddin Yassin’s plan for an emergency in early January to curb the spread of the coronavirus, […]
  • The Latest: Malaysian opposition seeks end to emergency

    KUALA LUMPUR, Malaysia — Malaysian opposition lawmakers led by former Prime Minister Mahathir Mohamad submitted a petition to the country’s king on Tuesday seeking an end to a coronavirus emergency so Parliament can resume. The king approved Prime Minister Muhyiddin Yassin’s plan for an emergency in early January to curb the spread of the coronavirus, […]
  • Reports: UK to toughen climate target before Biden summit

    LONDON (AP) — The U.K. government will set itself a more ambitious climate target, pledging to reduce carbon emissions by three-quarters of their 1990 levels by 2035, British media reported Tuesday. They said the goal is to be announced ahead of a virtual climate summit hosted by U.S. President Joe Biden on Thursday. The Financial […]