NEW YORK (AP) — Anshu Jain, a former co-CEO of Deutsche Bank, has died, his family said in a statement Saturday. He was 59. Jain died after a battle with duodenal cancer, which he was diagnosed with in 2017. Jain was Co-CEO of Deutsche Bank from 2012 to 2015, where he helped build the firm’s…
BERLIN (AP) — German businesses and public institutions should heat their offices no higher than 19 degrees Celsius (66.2 degrees Fahrenheit) this winter to help reduce the country’s consumption of natural gas, Germany’s economy minister said Saturday. Germany, the European Union’s biggest economy, is quickly trying to wean itself off using natural gas from Russia…
Shipping companies prepared to halt the transport of goods on the Rhine as water levels in Germany’s biggest river neared a critically low point Saturday. An ongoing drought affecting much of Europe has lowered rivers such as the Rhine, preventing large ships with heavy loads from passing key waypoints and forcing them to use smaller…
PROVIDENCE, R.I. (AP) — A major economic bill headed to the president has “game-changing” incentives for the nuclear energy industry, experts say, and those tax credits are even more substantial if a facility is sited in a community where a coal plant is closing. The transformative bill provides the most spending to fight climate change…
MOSCOW (AP) — Russia’s gross domestic product contracted 4% in the second quarter of this year, the first full quarter since Russia sent troops into Ukraine, the state statistical service said Friday. Russia was hit with a wide array of sanctions following its move into Ukraine on Feb. 24, including sanctions that cut off some…
NEW YORK (AP) — Peloton is laying off employees and raising prices for some of its equipment as part of its latest bid to make the business profitable and free up cash. The changes were disclosed Friday in a memo to employees of the maker of high-end exercise bikes and treadmills from its new CEO…
NEW YORK (AP) — Two Amazon-owned companies — Ring and Hollywood studio MGM — are teaming to create a TV show in the mold of “America’s Funniest Home Videos” using viral footage from Ring’s doorbell and smart-home cameras. The half-hour show, called “Ring Nation,” will be hosted by actor and comedian Wanda Sykes and premier…
LOS ANGELES (AP) — California Gov. Gavin Newsom on Friday proposed extending the life of the state’s last operating nuclear power plant by five to 10 years to maintain reliable power supplies in the climate change era. The proposal to keep the Diablo Canyon Nuclear Power Plant running beyond a scheduled closing by 2025 gave…
WASHINGTON (AP) — With inflation raging near its highest level in four decades, President Joe Biden on Tuesday signed into law his landmark Inflation Reduction Act. Its title raises a tantalizing question: Will the measure actually tame the price spikes that have inflicted hardships on American households? Economic analyses of the proposal suggest that the…
BEIRUT (AP) — A judge ordered a gunman who took up to 10 hostages at a Beirut bank to force the release of his trapped savings to stay behind bars Friday, apparently a bid to prevent copycats as desperation deepens over Lebanon’s economic meltdown. A few dozen relatives of Bassam al-Sheikh Hussein briefly closed a…
