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December 22, 2025
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German militants’ lawyer and Greens gadfly dies at 83

The Cheap Investor3 years ago3 years ago02 mins

BERLIN (AP) — Hans-Christian Stroebele, a German lawyer who defended members of the far-left Red Army Faction and later became the Green party’s first directly elected constituency lawmaker, has died. He was 83. German news agency dpa quoted his attorney, Johannes Eisenberg, saying Wednesday that Stroebele died on Aug. 29 after a long illness. Stroebele,…

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Europe plan for floating gas terminals raises climate fears

The Cheap Investor3 years ago3 years ago07 mins

NEW YORK (AP) — As winter nears, European nations, desperate to replace the natural gas they once bought from Russia, have embraced a short-term fix: A series of roughly 20 floating terminals that would receive liquefied natural gas from other countries and convert it into heating fuel. Yet the plan, with the first floating terminals…

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Gorbachev mourned as rare world leader but some still bitter

The Cheap Investor3 years ago3 years ago07 mins

BERLIN (AP) — Mikhail Gorbachev, the last leader of the Soviet Union and for many the man who restored democracy to then-communist-ruled European nations, was saluted Wednesday as a rare leader who changed the world and for a time brought hope for peace among the superpowers. But the man who died Tuesday at 91 was…

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Inflation hits 9.1% in countries using euro currency

The Cheap Investor3 years ago3 years ago03 mins

LONDON (AP) — Inflation in the European countries using the euro currency hit another record in August, fueled by soaring energy prices mainly driven by Russia’s war in Ukraine. Annual inflation in the eurozone’s 19 countries rose to 9.1%, up from 8.9% in July, according to the latest figures released Wednesday by the European Union…

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Toyota invests in EV battery production in Japan, US

The Cheap Investor3 years ago3 years ago02 mins

TOKYO (AP) — Toyota is investing 730 billion yen ($5.6 billion) in Japan and the U.S. to boost production of batteries for electric vehicles, the Japanese automaker said Wednesday. Production is set to start between 2024 and 2026. In Japan, 400 billion yen ($3 billion) will go into the Himeji Plant of Prime Planet Energy…

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Chinese manufacturing weak, adding to economic pressure

The Cheap Investor3 years ago3 years ago01 mins

BEIJING (AP) — Chinese manufacturing contracted in August amid weak export and consumer demand, a survey showed Wednesday, adding to downward pressure on the struggling economy. A monthly index improved to 49.4 from July’s 49 on a 100-point scale but still was below the 50-point mark that shows activity contracting, according to the national statistics…

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Asian shares track Wall Street slide on expected rate raises

The Cheap Investor3 years ago3 years ago04 mins

TOKYO (AP) — Asian shares were mostly lower Thursday, tracking the broad slide on Wall Street, as investors braced for higher interest rates and inflation worries for some time. Benchmarks fell in Tokyo, Sydney, South Korea and Hong Kong in early trading, but edged up slightly in Shanghai. Japan’s benchmark Nikkei 225 declined 1.5% in…

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Doggone inflation takes a bite out of Chewy’s 2Q sales

The Cheap Investor3 years ago3 years ago02 mins

NEW YORK (AP) — Online pet retailer Chewy Inc. on Tuesday reported a sales shortfall for its fiscal second quarter, a sign that even spending on dog treats and other pet accessories has fallen victim to inflation. The company based in Dania Beach, Florida, also issued sales forecasts for its current quarter and fiscal year…

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Buffett’s company trims its stake in Chinese EV maker BYD

The Cheap Investor3 years ago3 years ago02 mins

OMAHA, Neb. (AP) — Warren Buffett’s company has trimmed its stake in Chinese electric car and battery maker BYD for the first time since it bought the shares in 2008, an investment that has soared in value. Berkshire Hathaway said in a regulatory filing Tuesday with the Hong Kong stock exchange that it had sold…

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Equity is goal, not mandate, in California electric car rule

The Cheap Investor3 years ago3 years ago05 mins

SACRAMENTO, Calif. (AP) — Discounted prices, car-share programs and at least one million more public charging stations are among the ways California will try to make electric cars easier to buy and drive as it phases out the sale of gas-powered cars. But the state won’t force automakers to participate in any equity programs designed…

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