AP National Business

BEIJING (AP) — China has confirmed it is offering Sri Lanka a two-year moratorium on loan repayments as the Indian Ocean island nation struggles to restructure $51 billion in foreign debt that pushed it into a financial crisis. China is one of Sri Lanka’s biggest lenders. It has been the biggest uncertainty in debt restructuring.

By DEREK GATOPOULOS Associated Press ATHENS, Greece (AP) — Greece’s government is seeking to ban a far-right political party led by a jailed former lawmaker from participating in a general election later this year. The 42-year-old Ilias Kasidiaris founded the Greek National Party two years ago. He is serving a sentence of 13 years and

By HOPE YEN Associated Press WASHINGTON (AP) — Nearly 50 businesses and nonprofits including rideshare companies Uber and Lyft and industrial giant 3M are pledging millions of dollars in initiatives to stem a crisis in road fatalities under a new federal effort. The effort announced Friday is part of the Department of Transportation’s “Call to

By KRUTIKA PATHI Associated Press NEW DELHI (AP) — Shares in troubled Adani Enterprises gyrated Friday, tumbling 30% and then rebounding after more than a week of heavy losses that have cost it tens of billions of dollars in market value. The company, the flagship of India’s second-largest conglomerate, canceled a share offering meant to

By STAN CHOE AP Business Writer NEW YORK (AP) — Wall Street’s big rally to start the year wilted on Friday after a surprisingly strong jobs report fueled worries about inflation and higher interest rates. The S&P 500 fell 1% for its first drop in four days, though it took an up-and-down route to get

HONG KONG (AP) — Travel between Hong Kong and China will no longer require COVID-19 PCR tests nor be held to a daily limit as both places seek to drive economic growth. Hong Kong’s tourism industry has suffered since 2019 after months of sometimes violent political strife, as well as harsh entry restrictions implemented during

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation’s worst inflation bout in four decades. The job market hasn’t been cooperating. Consider what happened in January: The government said Friday that employers

By ZEN SOO AP Technology Writer HONG KONG (AP) — A grinding crackdown that wiped billions of dollars of value off Chinese technology companies is easing, but the once-freewheeling industry is bracing for much slower growth ahead. Analysts say China’s easing of restrictions on companies like e-commerce giant Alibaba and online games company Tencent and

By JOHN HANNA Associated Press TOPEKA, Kan. (AP) — Kansas plans to give $304 million in taxpayer-funded incentives to a semiconductor company in its largest city to build a huge new factory. But state officials and Wichita-based Integra Technologies said Thursday that the $1.8 billion project won’t go forward without funds the U.S. government has

By JONATHAN MATTISE Associated Press NASHVILLE, Tenn. (AP) — A federal judge has dismissed a lawsuit by environmental groups that challenged how the nation’s largest public utility signs local power providers up for long-term contracts. On Wednesday, a federal judge in Memphis agreed with the Tennessee Valley Authority that the environmental groups lacked legal standing

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Kohl’s says it has named acting CEO Tom Kingsbury as its permanent leader. Kingsbury is a Kohl’s board member with more than 40 years experience in retail. He has served as the department store chain’s interim CEO since early December, when Michelle Gass left the

CINCINNATI (AP) — New details have emerged at former Ohio House Speaker Larry Householder’s federal corruption trial on the use of the state plane scheduled to retrieve out-of-town state lawmakers for a vote on the now-tainted nuclear bailout legislation. Text messages presented in U.S. District Court on Thursday showed Householder sharing the plane’s schedule with

By SUSAN MONTOYA BRYAN Associated Press ALBUQUERQUE, N.M. (AP) — A federal appeals court says the U.S. government failed to consider the cumulative effects of greenhouse gas emissions that would result from the approval of nearly 200 drilling permits issued in an area surrounding Chaco Culture National Historical Park. The region is home to sites

By MICHAEL LIEDTKE AP Technology Writer Apple on Thursday posted its first quarterly revenue drop in nearly four years after pandemic-driven restrictions on its China factories curtailed sales of the latest iPhone during the holiday season. The company’s sales of $117 billion for the October-December period represented a 5% decline from the same time in

By TOM KRISHER AP Auto Writer DETROIT (AP) — Ford says its fourth-quarter net income fell 90% from a year earlier. That led company officials to say Thursday that the automaker’s costs are too high and to pledge more belt-tightening this year. CEO Jim Farley said in a statement that Ford should have done better

CHESTERFIELD TOWNSHIP, Mich. (AP) — A Michigan man says he was left with a $1,000 bill after his 6-year-old son ordered a virtual smorgasbord of food from several restaurants. Keith Stonehouse says the food piled up quickly at his Detroit-area home Saturday after his son, Mason, used Stonehouse’s Grubhub account to order such food as

By DEE-ANN DURBIN AP Business Writer Starbucks reported lower-than-expected sales in its fiscal first quarter, with COVID store shutdowns in China overshadowing stronger results elsewhere. Global same-store sales — or sales at stores open at least a year — were up 5% in the October-December period, but that was partly due to higher prices. Store

By BARBARA ORTUTAY AP Technology Writer Google parent company Alphabet has posted lower profit and a small revenue increase for last year’s fourth quarter. A decline in online ad spending and competition from rivals are weighing on the search giant. Alphabet’s profit declined 34% in the October-December quarter, while revenue grew only 1%. But while

The Associated Press Wall Street closed higher, led by excitement around tech stocks and a surge for Facebook’s parent company, Meta Platforms. The S&P 500 rose 1.5% Thursday, a day after hitting its highest level since the summer. The Nasdaq composite jumped 3.3%, led by a 23.3% surge in Meta. The Dow lagged behind because