FRANKFURT, Germany (AP) — As Europe heads into winter in the throes of an energy crisis, offices are getting chillier.
Stocks were mixed in Asia on Tuesday after closing broadly lower on Wall Street, where the Dow Jones Industrial Average fell into what’s known as a bear market.
Tokyo, Sydney and Shanghai advanced while Hong Kong and Seoul declined.
DALLAS (AP) — The government's antitrust lawsuit against American Airlines and JetBlue begins Tuesday and the outcome could determine how closely the Biden administration examines other airline deals, including JetBlue's pending attempt to buy Spirit Airlines.
MIAMI (AP) — Governors of the Inter-American Development Bank have voted to fire its president, Mauricio Claver-Carone, after an ethics probe found he likely carried on an intimate relationship with a subordinate.
WILMINGTON, Del. (AP) — Tesla CEO Elon Musk won a reprieve from questioning by Twitter lawyers Monday, according to several press reports. The billionaire had been scheduled to give a deposition in his high-stakes court fight with Twitter over whether he has to follow through with his agreement to buy the social platform for $44 billion.
WASHINGTON (AP) — President Joe Biden announced a new initiative Monday that would eventually allow consumers to see a more complete price on airline tickets — including baggage and change fees — before they buy, as the White House continues to search for ways to lower costs for Americans amid persistently high inflation.
CANBERRA, Australia (AP) — Australian police were investigating a report that a purported hacker had already released the stolen personal data of 10,000 Optus customers and was demanding a $1 million ransom in cryptocurrency, the telecommunications company’s chief executive said on Tuesday.
WASHINGTON (AP) — The Federal Reserve will have to keep boosting its benchmark interest rate to a point that raises unemployment and gets inflation down from unusually high levels, two officials said in separate remarks Monday.
LONDON (AP) — The Bank of England sought to reassure financial markets after the British pound touched an all-time low against the U.S.
LONDON (AP) — The pound is taking a pounding.
The British currency has taken a plunge, sliding against the U.S.
SAN DIEGO (AP) — The fugitive defense contractor nicknamed “Fat Leonard" who orchestrated a huge bribery scheme involving dozens of U.S. Navy officials, has requested asylum in Venezuela, a law enforcement official said Monday, nearly a week after he was captured in the South American country.
SEATTLE (AP) — A former Nigerian government official was sentenced Monday to five years in prison for stealing more than $500,000 in pandemic relief benefits in the United States.
Abidemi Rufai was wearing a $10,000 watch and $35,000 gold chain when he was arrested at JFK International Airport in New York on his way to Nigeria in May 2021.
CHICAGO (AP) — JT Batson, cofounder of the advertising technology company Hudson MX, was hired Monday as CEO and secretary general of the U.S. Soccer Federation.
The 40-year-old replaces Will Wilson, the uncle of former Indianapolis Colts quarterback Andrew Luck.
MOSCOW (AP) — Russia on Monday granted citizenship to former American intelligence contractor Edward Snowden, who fled prosecution after he revealed highly classified U.S. surveillance programs to capture communications and data from around the world.
KYIV, Ukraine (AP) — A young man shot a Russian military officer at close range at an enlistment office Monday, an unusually bold attack reflecting resistance to Russian President Vladimir Putin's efforts to mobilize hundreds of thousands of more men to wage war on Ukraine.
NEW YORK (AP) — Saudi Arabia appears to be leaving behind the stream of negative coverage that the killing of Jamal Khashoggi elicited since 2018.
ALBUQUERQUE, N.M. (AP) — U.S. House Speaker Nancy Pelosi said Monday that the federal government has to do more to help with recovery in the wake of a devastating wildfire that charred several hundred homes and destroyed the livelihoods of many rural New Mexico residents.
TORONTO (AP) — Canada’s defense minister said Monday that 100 soldiers have been deployed to each of three Atlantic provinces hit by former Hurricane Fiona and a navy vessel will visit the most devastated area of Newfoundland, where 76 homes were destroyed or structurally damaged.
Lights out, ovens off: Europe preps for winter energy crisis
FRANKFURT, Germany (AP) — Europe is staring down a winter energy crisis. Russia has reduced natural gas supplies as Europe supports Ukraine, and the continent’s ability to get through the winter may depend on how cold it is and competition from Asia.
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday:
Wynn Resorts Ltd., up $7.15 to $66.80.
The casino operator gained ground on reports that the gambling haven of Macao will ease some travel restrictions starting in November.
Stocks fell on Wall Street and put major indexes deeper into a slump as recession fears grow.
The S&P 500 fell 1% Monday. The Dow Jones Industrial Average and the Nasdaq also fell. The losses were broad and included banks, health care companies and retailers.
Starbucks said Monday that it wants to start contract negotiations next month at hundreds of U.S. stores that have voted to unionize.
The Seattle coffee giant said it sent letters to 234 stores offering a three-week window in October to start negotiations.
SAN FRANCISCO (AP) — Federal investigators have taken possession of a Pacific Gas and Electric Co. utility transmission pole and attached equipment in a criminal probe into what started a Northern California fire that has become the largest in the state this year, the utility said in a regulatory filing Monday.
Benchmark U.S. crude oil for November delivery fell $2.03 to $76.71 a barrel Monday. Brent crude for November delivery fell $2.09 to $84.06 a barrel.
Wholesale gasoline for October delivery was unchanged at $2.38 a gallon.
NEW YORK (AP) — The 10th anniversary of the Global Citizen Festival, which included performances from Metallica, Mariah Carey and Usher, generated more than $2.4 billion in commitments to fight extreme poverty and disease.
BOGOTA, Colombia (AP) — Trucks loaded with aluminum and medications crossed a bridge linking Colombia and Venezuela for the first time in seven years Monday following restoration of diplomatic relations, giving regional businesses hope for growing trade.
NEW YORK (AP) — Abigail E. Disney has been critical of the company that bears her name before. But for the first time, Disney, the granddaughter of co-founder Roy O. Disney, has put her views into the medium the Mouse House was built on: a movie.
WASHINGTON (AP) — There’s been no honeymoon period for the Food and Drug Administration’s new tobacco chief, Brian King, the public health scientist now responsible for regulating the nation’s multibillion-dollar cigarette and vaping industry.
BELGRADE, Serbia (AP) — The European Union and the U.S. on Monday questioned Serbia’s proclaimed commitment to join Europe’s 27-nation bloc after Belgrade signed an agreement with Moscow pledging long-term “consultations” on foreign policy matters amid Russia's war in Ukraine.
Pfizer asked U.S. regulators Monday to expand use of its updated COVID-19 booster shot to children ages 5 to 11.
LONDON (AP) — At the start of 2022, the Carlyle Group, one of the world’s leading private equity firms, published a report on its financial risk from greenhouse gas emissions. Yet something was not in the report.
BEIRUT (AP) — Lebanese army retirees scuffled with parliamentary guard troops as they briefly broke through a cordon leading to Parliament in downtown Beirut during a rally Monday. They were protesting their decimated monthly pay amid the country's economic meltdown.
DUBAI, United Arab Emirates (AP) — The United Arab Emirates, home to global business and travel hub Dubai, will ease masking requirements imposed over the coronavirus pandemic, authorities said Monday.
BERLIN (AP) — Denmark's maritime authority said Monday that a gas leak had been observed in a pipeline leading from Russia to Europe underneath the Baltic Sea and that there is a danger to ship traffic.
ANKARA, Turkey (AP) — Turkey on Monday summoned the Greek ambassador to protest the alleged deployment of dozens of U.S.-made armored vehicles to Greek islands which Ankara says should remain demilitarized in line with international treaties.
NAIROBI, Kenya (AP) — Flying debris from an apparent drone strike has damaged a World Food Program truck in Ethiopia’s besieged Tigray region, the U.N. agency said Monday, after Ethiopian forces and rival Tigray ones recently chose renewed fighting over peace.
TORONTO (AP) — The Canadian government announced Monday it will no longer require people to wear masks on planes to guard against COVID-19..
Transport Canada said the existing rules for masks will come off Oct.
FRANKFURT, Germany (AP) — The head of the European Central Bank said Monday that the economic outlook “is darkening” and she expects business activity to “slow substantially” in the coming months as high energy and food prices pushed up by the war in Ukraine sap consumer spending power.
BRUSSELS (AP) — Italy’s European Union partners are signaling discomfort, even vigilance, after Italy, one of the bloc’s founding members, swung far to the political right. The result of Italy's latest election raises troubling questions about whether Rome will maintain its commitments to EU principles, laws and ambitions.
LONDON (AP) — TikTok could face a 27 million-pound ($29 million) fine in the U.K. over a possible breach of U.K. data protection law by failing to protect children's privacy when they are using the video-sharing platform.
PARIS (AP) — France forecasts growth to slow down substantially next year in the EU's second-biggest economy, amid fears of a recession in neighboring Germany as the economic situation in Europe is slammed by the impact of Russia’s war in Ukraine.
IZIUM, Ukraine (AP) — Rainwater is for showers and dishes. Scavenged wood is for the cooking fires. But almost nothing keeps out the autumn chill in homes without windows.
Russian forces controlled Izium for six months before being forced to retreat two weeks ago in a Ukrainian counteroffensive.
RESERVE, La. (AP) — Sprawling industrial complexes line the drive east along the Mississippi River to the majority-Black town of Reserve, Louisiana. In the last seven miles the road passes a massive, rust-colored aluminum-oxide refinery, then the Evonik chemical plant, then rows of white tanks at the Marathon oil refinery.
ROME (AP) — The Brothers of Italy party, which won the most votes in Italy’s national election, has its roots in the post-World War II neo-fascist Italian Social Movement.
SACRAMENTO, Calif. (AP) — Top U.S. insurance companies and associations say California is risking a crisis in the nation’s largest automobile insurance market by refusing to approve any rate increases for more than two years, since the start of the coronavirus pandemic.
PARIS (AP) — Russia's war in Ukraine and the lingering effects of the COVID-19 pandemic are dragging down global economic growth more than expected and driving up inflation that will stay high into next year, the Organization for Economic Cooperation and Development said Monday in a darkening outlook.
MORTON GROVE, Ill. (AP) _ Lifeway Foods Inc. (LWAY) on Monday reported second-quarter net income of $120,000.
On a per-share basis, the Morton Grove, Illinois-based company said it had profit of 1 cent.
TRIPOLI, Lebanon (AP) — A ship carrying thousands of tons of corn and vegetable oil from war-ravaged Ukraine docked in northern Lebanon on Monday, the first such vessel since Russia’s invasion of its neighbor started seven months ago.
Researchers have identified several factors besides money that contribute to a happier retirement, including good health, strong relationships and a sense of purpose.
OMAHA, Neb. (AP) — A mining company that wants to extract an assortment of rare elements from southeast Nebraska has announced an agreement that will provide up to $285 million to help cover the roughly $1.1 billion cost of building the mine.