AP National Business

MELVILLE, N.Y. — MSC Industrial: Fiscal Q2 Earnings Snapshot

By MATTHEW DALY Associated Press WASHINGTON (AP) — The Biden administration is making $450 million available for solar farms and other clean energy projects at the site of current or former coal mines. The money is part of President Joe Biden’s efforts to combat climate change. Up to five projects nationwide will be funded through

ATLANTA — Acuity Brands: Fiscal Q2 Earnings Snapshot

BERLIN (AP) — Germany’s main opposition party says it will seek a parliamentary inquiry into Chancellor Olaf Scholz’s handling of a tax evasion scam involving a private bank before he became the country’s leader. The center-right Union bloc said Tuesday that it will call for the national parliament to set up a commission of inquiry

RICHMOND, British Columbia — GLG Life Tech: Q4 Earnings Snapshot

By ZEKE MILLER AP White House Correspondent WASHINGTON (AP) — President Joe Biden said Tuesday it remains to be seen if artificial intelligence is dangerous, but that he believes technology companies must ensure their products are safe before releasing them to the public. Biden met with his council of advisers on science and technology about

By JAMEY KEATEN Associated Press ZURICH (AP) — Credit Suisse shareholders on Tuesday upbraided the Swiss bank’s leaders for years of mismanagement, scandal and obfuscation that sent its stock price into the gutter, while executives apologized and insisted that the only way forward for the once-venerable lender was a government-engineered takeover by rival UBS. A

By SYLVIE CORBET The Associated Press PARIS (AP) — French President Emmanuel Macron will have to muster all his diplomatic adeptness and political acumen on a three-day state visit to China where the war in Ukraine will be front and center. Macron is expected to warn China against sending weapons to Russia and instead ask

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares were trading mixed Wednesday following a decline on Wall Street after reports on the U.S. economy came in weaker than expected. Japan’s benchmark Nikkei 225 lost 1.3% in morning trading to 27,931.00. Australia’s S&P/ASX 200 stood little changed, inching down less than 0.1% to

By JOE McDONALD AP Business Writer BEIJING (AP) — Furious at U.S. efforts that cut off access to technology to make advanced computer chips, China’s leaders appear to be struggling to figure out how to retaliate without hurting their own ambitions in telecoms, artificial intelligence and other industries. President Xi Jinping’s government sees the chips

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Australia’s central bank has left its benchmark interest rate on hold at 3.6% at its latest monthly meeting following evidence that inflation is falling.The meeting on Tuesday was the first at which the Reserve Bank of Australia board did not hike the cash rate since April

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Australia has become the last of the “Five Eyes” security partners to ban the Chinese-owned video-sharing app TikTok from its federal government’s devices. Attorney-General Mark Dreyfus said in a statement Tuesday that based on intelligence and security agencies’ advice, that ban would come into effect “as

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — The Asian Development Bank says China’s recovery from the pandemic and strong demand in India will drive strong economic growth in Asia this year. The ADB’s latest update forecasts an expansion of 4.8% in this year and the next, up from 4.2% in 2022. It said

By BECKY BOHRER Associated Press JUNEAU, Alaska (AP) — Opponents of a major oil project on Alaska’s petroleum-rich North Slope lost the first round of their legal battle over the Willow project but said they would not give up. A federal judge on Monday rejected requests by environmental groups and an Alaska Native organization to

By TOM KRISHER AP Auto Writer DETROIT (AP) — U.S. new-vehicle sales rose 7.5% in the first quarter. The increase came as supplies improved and sky-high prices eased a bit while the global shortage of computer chips started to wane. But the average auto-loan rate hit 7% during the quarter, leaving open the question of

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — A group of CSX conductors will soon become the first train crew employees at one of the major freight railroads to have paid sick time. CSX said Monday that it had reached an agreement to give about 2,400 members of a union that represents some

DUBAI, United Arab Emirates (AP) — A court in Dubai has rejected the appeal of a British financier fighting extradition to Denmark, where he is accused of orchestrating a $1.7 billion tax fraud. Hedge fund trader Sanjay Shah is accused of masterminding a scheme that ran from 2012 to 2015 in which foreign businesses pretended

By MATT O’BRIEN AP Technology Writer Elon Musk had promised to take away all of Twitter’s blue check marks doled out to Hollywood stars, professional athletes, business leaders, authors and journalists unless they start buying a monthly subscription to the social media service. Musk’s goal was to shove the advertising-dependent platform he bought for $44

SAO PAULO SP, Brazil — Gerdau: Q4 Earnings Snapshot