2022

SOFIA, Bulgaria (AP) — Bulgarian President Rumen Radev on Monday handed a mandate to the third-largest political party in parliament to form a government after two previous attempts have failed. Although the chances of the Socialist Party’s success are dim, its floor leader, Georgi Svilenski, said his party would invite the three other groups in…

General Electric on Monday revealed the names of the three companies that will operate on their own after the historic split of the one-time conglomerate, including a mashup of words that will make up the name of the new energy company. GE announced in November that it planned to split into three companies focused on…

SEOUL, South Korea (AP) — Treasury Secretary Janet Yellen said Tuesday the U.S. and South Korea should deepen their trade ties to avoid letting other countries use their market positions to unfair advantage — calling out China by name. “We cannot allow countries like China to use their market position in key raw materials, technologies,…

NEW YORK (AP) — Investment banking giant Goldman Sachs saw its second-quarter profits fall nearly half from a year ago, as turmoil in the financial markets and warnings of a possible recession caused the bank’s deal-making business to slow down considerably. The New York-based bank said Monday that it earned a profit of $2.77 billion,…

BERLIN (AP) — The German government said Monday that a turbine at the center of uncertainty about future gas deliveries through a major pipeline from Russia to Europe was only supposed to be installed in September, underlining its insistence that there should be no technical obstacle to the gas flow. Meanwhile, Germany’s biggest importer of…

Delta is ordering 100 737 Max 10 airplanes, the largest of the line produced by Boeing, potentially giving the manufacturer additional momentum after a troubled rollout of its most advanced aircraft. Delta has an option to purchase 30 more of the aircraft as the airline looks to keep up with surging travel demand. Boeing has…