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Merck asks EU regulator to authorize pill that treats COVID

AMSTERDAM (AP) — The pharmaceutical company Merck says it has asked the European Medicines Agency to authorize its COVID-19 antiviral treatment, the first pill that has been shown to treat the disease. In a statement on Monday, Merck said the EU drug regulator had started an expedited licensing process for molnupiravir. If given the green […]
2 days ago
Moscow's metro security personnel, right, stops a passenger without a protective mask, with a portr...

Russia marks another record number of daily COVID-19 cases

MOSCOW (AP) — Russia reported another daily record of confirmed coronavirus cases Monday as a surge in infections has prompted the Kremlin to tell most people to stay away from work starting later this week. The Russian government’s coronavirus task force tallied 37,930 new confirmed cases in 24 hours, the highest number since the start […]
2 days ago
FILE - In this April 23, 2021, file photo, The Facebook app is shown on a smart phone in Surfside, ...

Australia wants Facebook to seek parental consent for kids

CANBERRA, Australia (AP) — Australia plans to crack down on online advertisers targeting children by making social media platforms seek parental consent for users younger than 16 years old to join or face fines of 10 million Australian dollars ($7.5 million) under a draft law released Monday. The landmark legislation would protect Australians online and […]
2 days ago
Facebook whistleblower Frances Haugen leaves after giving evidence to the joint committee for the D...

Facebook profits rise amid revelations from leaked documents

Amid fallout from the Facebook Papers documents supporting claims that the social network has valued financial success over user safety, Facebook on Monday reported higher profit for the latest quarter. The company’s latest show of financial strength followed an avalanche of reports on the Facebook Papers — a vast trove of redacted internal documents obtained […]
2 days ago
In this image made from video released by ASEAN Business Advisory Council Brunei, Indonesian Presid...

Widodo calls for ASEAN travel corridor to bolster recovery

KUALA LUMPUR, Malaysia (AP) — Indonesian President Joko Widodo has urged Southeast Asian countries to speed up plans to create a regional travel corridor to help revive tourism and speed up a recovery from the economic damage of the pandemic. Citing U.N. and World Trade Organization data, Widodo said Monday that the level of restrictions […]
2 days ago
Members of the public walks their dogs by the former pithead at Haig Colliery Mining Museum close t...

Plan for UK coal mine brings hope to some, horror to others

WHITEHAVEN, England (AP) — In the patchwork of hills, lakes and sea that make up England’s northwest corner, most people see beauty. Dave Cradduck sees broken dreams. The coal mine where the 74-year-old once worked has long closed. The chemical factory that employed thousands is gone. The nuclear power plant is being decommissioned. To Cradduck, […]
2 days ago
A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index ...

Asian shares mostly higher, tracking Wall Street rally

TOKYO (AP) — Asian shares were mostly higher Tuesday after another rally to a record high on Wall Street. Stocks have been pushing broadly higher as companies turn in much stronger profit reports for the summer than analysts had expected. Historically low interest rates, along with strong corporate profit growth, have helped the S&P 500 […]
2 days ago

This Week: New home sales, Apple earns, consumer spending

A look at some of the key business events and economic indicators upcoming this week: HOUSING MARKET BAROMETER The Commerce Department serves up its September tally of new U.S. home sales Tuesday. Economists project that sales picked up last month to a seasonally adjusted annual rate of 760,000 homes. Builders have benefited this year from […]
2 days ago
A man uses a mobile device while sitting near a Telstra public telephone in Sydney, Monday, Oct. 25...

Australia invests in $1.6 billion South Pacific telco deal

CANBERRA, Australia (AP) — Australian telco Telstra has partnered with the Australian government in a $1.6 billion deal to buy the South Pacific operations of Digicel in a deal that would prevent a key part of the region’s telecommunications infrastructure falling into Chinese hands. Telstra, the nation’s largest telco, said in a statement on Monday […]
2 days ago
This photo released by Toyota Motor Corp., shows a hydrogen engine car being refueled during the fi...

Toyota testing hydrogen combustion engines in race cars

TOKYO (AP) — Toyota said Monday it is testing hydrogen combustion engines in race cars as it works toward using the technology in commercial products. Such engines burn hydrogen as fuel instead of gasoline, much like rockets. The Japanese automaker said testing the technology in race cars will allow it to collect data and try […]
2 days ago
Sen. Joe Manchin, D-W.Va., a key holdout vote on President Joe Biden's domestic agenda, chairs a he...

Biden ‘positive’ on budget deal; Manchin OK with wealth tax

WASHINGTON (AP) — Pivotal Democratic Sen. Joe Manchin appears to be on board with White House proposals for new taxes on billionaires and certain corporations to help pay for President Joe Biden’s scaled-back social services and climate change package. Biden said Monday he felt “very positive” about reaching agreement on his big domestic policy bill, […]
2 days ago

Business economists less optimistic about next year’s growth

WASHINGTON (AP) — The nation’s business economists are slightly less optimistic about growth prospects over the next year, noting a number of threats ranging from higher-than-expected inflation to lingering disruptions from COVID-19 and snarled supply chains. The National Association for Business Economics released a new report Monday that found 66% of NABE members responding to […]
2 days ago
A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock E...

Asia stocks mixed after Wall St slips, China travel curbs

BEIJING (AP) — Asian stock markets were mixed Monday after Wall Street slipped and China tightened travel controls in some areas in response to coronavirus infections. Shanghai, Hong Kong and Sydney advanced while Tokyo declined. Wall Street’s S&P 500 index declined 0.1% on Friday, weighed down by losses for tech companies after a seven-day streak […]
2 days ago
In this photo released by Xinhua News Agency, residents line up to receive a swab for the coronavir...

China to start vaccinating children to age 3 as cases spread

TAIPEI, Taiwan (AP) — Children as young as 3 will start receiving COVID-19 vaccines in China, where 76% of the population has been fully vaccinated and authorities are maintaining a zero-tolerance policy toward outbreaks. China becomes one of the very few countries in the world to start vaccinating children that young against the virus. Cuba, […]
2 days ago
Australia's Prime Minister Scott Morrison, left, listens to Deputy Prime Minister Barnaby Joyce dur...

Australia gives in-principle support for net zero by 2050

CANBERRA, Australia (AP) — Prime Minister Scott Morrison announced on Monday that a fifth National’s party minister will join his Cabinet as part of deal to cement the junior coalition partner’s support for a national target of zero net carbon emissions by 2050. The National party’s in-principle support for the target, which was decided on […]
2 days ago

Plane from NY to LA makes emergency landing in Wisconsin

MADISON, Wis. (AP) — An American Airlines plane traveling from New York to Los Angeles was forced to make an emergency landing Sunday afternoon in Wisconsin, according to officials with the airline and the Dane County Regional Airport in Madison. An airport official said the plane landed without incident around 2:19 p.m. Central time after […]
2 days ago
This image released by Warner Bros. Pictures shows Timothee Chalamet, left, and Charlotte Rampling ...

Despite hybrid release, ‘Dune’ draws well on the big screen

NEW YORK (AP) — Denis Villeneuve’s “Dune” debuted with $40.1 million in ticket sales in its opening weekend in North America, drawing a large number of moviegoers to see the thundering sci-fi epic on the big screen despite it also being available to stream in homes. Warner Bros. launched the Legendary Entertainment production simultaneously in […]
2 days ago

Average US price of gas spikes 13 cents per gallon to $3.44

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline spiked 13 cents over the past two weeks, to $3.44 per gallon. The price at the pump is $1.22 higher than a year ago. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday the rise comes as the cost of crude oil surges. […]
2 days ago

Italy, UniCredit break off talks on ailing Italian bank

ROME (AP) — Italy’s economy ministry and UniCredit bank on Sunday announced that they are breaking off talks regarding a deal for a long-ailing Italian bank, Monte dei Paschi di Siena. The ministry and UniCredit didn’t cite a reason for pulling the plug on negotiations in a joint statement. But Italian news reports on Saturdayr […]
2 days ago
Sen. Joe Manchin, D-W.Va., a key holdout vote on President Joe Biden's domestic agenda, chairs a he...

Biden, Schumer, Manchin huddle, but still no budget deal

WASHINGTON (AP) — Pivotal Democratic Sen. Joe Manchin appears to be on board with White House proposals for new taxes on billionaires and certain corporations to help pay for President Joe Biden’s scaled-back social services and climate change package. Biden huddled with the conservative West Virginia Democrat and Senate Majority Leader Chuck Schumer at the […]
2 days ago
FILE - In this  Sept. 27, 2015, file photo, Facebook CEO Mark Zuckerberg, right, hugs Prime Ministe...

Facebook dithered in curbing divisive user content in India

NEW DELHI, India (AP) — Facebook in India has been selective in curbing hate speech, misinformation and inflammatory posts, particularly anti-Muslim content, according to leaked documents obtained by The Associated Press, even as its own employees cast doubt over the company’s motivations and interests. From research as recent as March of this year to company […]
3 days ago
A Union Properties construction project in Dubai Motor City unfinished for years is seen in Dubai, ...

Emirati prosecutors investigating Dubai’s Union Properties

DUBAI, United Arab Emirates (AP) — Emirati prosecutors said Sunday they launched a major investigation into Dubai-based real estate developer Union Properties, saying they would probe allegations the long-troubled firm committed fraud and other offenses while trying to claw its way out of debt. Union Properties, known for building Dubai Motor City, did not respond […]
3 days ago
A man casts his ballot at a polling station during the presidential election in Tashkent, Uzbekista...

Uzbek president heading toward landslide win in election

TASHKENT, Uzbekistan (AP) — Uzbeks voted Sunday in a presidential election that the incumbent is expected to win in a landslide against weak competition. Although President Shavkat Mirziyoyev has relaxed many of the policies of his dictatorial predecessor, he has made little effort at political reform. Mirziyoyev, who took office in 2016 upon the death […]
3 days ago
FILE - In this Thursday, May 13, 2021 file photo, a view of a Gucci advertisement campaign selected...

EXPLAINER: What the metaverse is and how it will work

LONDON (AP) — The term “metaverse” seems to be everywhere. Facebook is hiring thousands of engineers in Europe to work on it, while video game companies are outlining their long-term visions for what some consider the next big thing online. The metaverse, which could spring up again when Facebook releases earnings Monday, is the latest […]
3 days ago