Report says Israeli tech investments nearly halved in 2022
TEL AVIV, Israel (AP) — Investments in Israel’s tech sector dropped by nearly half in 2022, reflecting a global economic slowdown.…
Continue ReadingAP National Business
After years of surpluses, California headed toward a deficit
By ADAM BEAM Associated Press SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom says the state will have a $22.5 billion budget deficit.…
Continue ReadingDespite record cocaine seizures, drug cartels roil Europe
By RAF CASERT Associated Press ANTWERP, Belgium (AP) — Cocaine is spreading at an alarming rate through Europe, much of it through the world ports…
Continue ReadingAs Starbucks unionizing slows, some strike, others skeptical
By DEE-ANN DURBIN AP Business Writer Labor organizers hope this will be the year that Starbucks’ U.S. workers finally negotiate a union…
Continue ReadingTikTok boss meets European officials as scrutiny intensifies
By KELVIN CHAN AP Business Writer LONDON (AP) — TikTok’s CEO has met with European Union officials about strict new digital regulations in the…
Continue ReadingPhilippine court voids oil exploration pact involving China
By JIM GOMEZ Associated Press MANILA, Philippines (AP) — The Philippine Supreme Court has declared unconstitutional a 2005 pact by China, the…
Continue ReadingBoeing orders rise to 4-year high but still trail Airbus
By DAVID KOENIG AP Airlines Writer Boeing took more than 200 net orders for passenger airplanes in December to complete its best year since 2018, but…
Continue ReadingDavos to host leaders, CEOs amid weighty global issues
GENEVA (AP) — The Swiss town of Davos will host 52 heads of state and government and nearly 600 CEOs as the World Economic Forum hosts its annual…
Continue ReadingWorld Bank: Recession a looming threat for global economy
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The global economy will come “perilously close” to a recession this year, led…
Continue ReadingPowell: Fed has only narrow role to play on climate change
By CHRISTOPHER RUGABER and DAVID MCHUGH Associated Press Writers WASHINGTON (AP) — The Federal Reserve has only a limited role to play in combating…
Continue ReadingPolish PM says adopting the euro would bring spike in prices
WARSAW, Poland (AP) — Poland’s prime minister has argued strongly against the country’s adoption of the European Union’s common…
Continue ReadingDesigners look to nature, landfills for new decor materials
By KIM COOK Associated Press At first glance, Nina Edwards Anker’s sconces and chandeliers look like ancient scrolls of parchment or sheets of…
Continue ReadingBed Bath & Beyond eyes more layoffs as 3Q sales tank
By MICHELLE CHAPMAN AP Business Writer Bed Bath & Beyond’s fiscal third-quarter sales fell by a third as the home goods company struggles to…
Continue ReadingEurope has avoided energy collapse. But is the crisis over?
By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — Warm weather is helping Europe keep the lights and heat on this winter despite Russia…
Continue ReadingLegal recreational marijuana sales start in Connecticut
By SUSAN HAIGH and PAT EATON-ROBB Associated Press MONTVILLE, Conn. (AP) — Connecticut’s first round of recreational cannabis sales for adults 21…
Continue ReadingSri Lanka’s government cuts expenses as economy tanks
By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s government says it’s cutting down expenses in the latest…
Continue ReadingAnother round of Coinbase job cuts, 20% of workforce let go
By MICHELLE CHAPMAN AP Business Writer NEW YORK (AP) — Coinbase is cutting approximately 20% of its workforce, or about 950 jobs, in a second round…
Continue ReadingMillennial Money: 5 tactics to pay buy now, pay later debt
By MELISSA LAMBARENA of NerdWallet After the holiday season, those “buy now, pay later” bills will come due. If you’ve taken on too much debt…
Continue ReadingSmall businesses to tackle long list of challenges in 2023
By MAE ANDERSON AP Business Writer NEW YORK (AP) — Small businesses face a mix of old and new challenges as 2023 begins. A looming recession, still…
Continue ReadingCEO of nationalized German gas supplier Uniper to step down
BERLIN (AP) — The CEO of energy company Uniper has decided to step down after the German government nationalized the gas supplier last month.…
Continue Reading