AP National Business

STOCKHOLM (AP) — Swedish telecom equipment maker Ericsson has announced it’s cutting 8% of its global workforce as it looks to reduce costs. The job losses are the latest in a wave of tech company layoffs. The Stockholm-based company provides equipment for high-speed 5G wireless networks. It says it is expecting to lay off 8,500

By REBECCA BOONE Associated Press BOISE, Idaho (AP) — Some top officials in Idaho are raising alarms over the Republican attorney general’s decision not to join a 24-state lawsuit against Biden administration waterway protections that opponents say could impact public and private land across the state. Instead, Idaho Attorney General Raul Labrador’s office says the

By KEVIN McGILL Associated Press NEW ORLEANS (AP) — A federal appeals court has struck down a federal rule requiring Gulf of Mexico charter boat operators to equip their vessels with tracking devices. The ruling handed down Thursday by the 5th U.S. Circuit Court of Appeals in New Orleans reversed a lower court decision. It

By DAVID SHARP Associated Press BATH, Maine (AP) — The U.S. Navy appears to have learned from its costly lessons after cramming too much new technology onto warships and speeding them into production as it embarks on building new destroyers, which are the backbone of the fleet. Military officials say they’re slowing down the design

By CHRISTOPHER RUGABER AP Economics Writer NEW YORK (AP) — Can the Federal Reserve keep raising interest rates and defeat the nation’s worst bout of inflation in 40 years without causing a recession? Not according to a new research paper that concludes that such an “immaculate disinflation” has never happened before. The paper was produced

ANKARA, Turkey (AP) — Turkish authorities say preliminary work has started to build housing for people left homeless by the massive earthquake that hit parts of the country and neighboring Syria, killing tens of thousands. The minister for the environment, urbanization and climate change said on Twitter Friday that excavations were taking place in Gaziantep

CHICAGO (AP) — State labor officials are investigating an Illinois-based pharmaceutical company’s decision to abruptly close all of its operations, including its out-of-state locations in New Jersey, New York and Switzerland, and to lay off hundreds of workers with almost no warning. The Chicago Tribune reports that Gurnee-based Akorn Operating Co. told its 400 workers

By MIKE CORDER Associated Press THE HAGUE, Netherlands (AP) — A Dutch parliamentary inquiry has released a damning report into the government’s handling of lucrative natural gas extraction that caused a string of earthquakes in the northern province of Groningen. The report says profits were put before people in the region. The conclusions in the

By BASSEM MROUE Associated Press BEIRUT (AP) — Lebanon’s struggling banks have decided to suspend their strike for one week, following a request by caretaker Prime Minister Najib Mikati. The Association of Banks in Lebanon did not give further details about Friday’s decision to suspend the strike, which had been ongoing since Feb. 7. The

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By FATIMA HUSSEIN and LOLITA C. BALDOR Associated Press WASHINGTON (AP) — The Biden administration is declaring its solidarity with Ukraine by piling sweeping new sanctions on Moscow and approving a fresh $2 billion weapons package for Kyiv. The U.S. action aims to fortify Ukraine a year after Russia’s invasion. New sanctions introduced by the

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By JIM GOMEZ Associated Press MANILA, Philippines (AP) — A group of European parliamentarians says the Philippines’ chances of retaining special trading incentives, including zero tariffs for a wide array of products, will be boosted if it decides to release a long-detained opposition leader and rejoin the International Criminal Court. When asked in a news

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The Federal Reserve’s preferred inflation gauge rose last month at its fastest pace since June, an alarming sign that price pressures remain entrenched in the U.S. economy and could lead the Fed to keep raising interest rates well into this year. Friday’s report from the Commerce

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