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AP National Business

Spain’s prime minister says Europe needs to re-industrialize

NICOSIA, Cyprus (AP) — Spain’s prime minister says Europe must “re-industrialize” to become more self-sufficient and less dependent on third countries for energy and key raw materials. Prime Minister Petro Sanchez said after talks with Cypriot President Nikos Christodoulides in the Cypriot capital Tuesday that Europe needs to be “strategically autonomous,” especially in the wake

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US sanctions Lebanese brothers who sold ‘compromised fuel’

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The U.S. Treasury Department is sanctioning two Lebanese brothers accused of selling “dangerously compromised fuel” to Lebanon’s state utility company. Treasury’s Office of Foreign Assets Control blocked Raymond Zina Rahme and Teddy Zina Rahme from accessing U.S. bank accounts and the larger U.S. financial system. The brothers

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TikTok fined $15.9M by UK watchdog over misuse of kids’ data

By KELVIN CHAN AP Business Writer LONDON (AP) — Britain’s privacy watchdog has hit TikTok with a multimillion-dollar penalty for misusing children’s data and violating other protections for users’ personal information. The Information Commissioner’s Office said Tuesday that it issued a $15.9 million fine to the short-video sharing app, which is wildly popular with young

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