BANGKOK (AP) — Shares advanced Thursday in Asia after benchmarks closed at three-month highs on Wall Street as investors cheered a report showing inflation cooled more than expected in July. Hong Kong, Shanghai and Seoul saw gains of more than 1%. Tokyo was closed for a holiday. U.S. futures edged higher, while oil prices slipped….
BEIJING (AP) — Liu Qian, job-hunting with a new master’s degree, said two employers interviewed her and then said the positions had been eliminated. Others asked her to take lower pay. She is one of 11 million new graduates desperate for work in a bleak job market as anti-virus controls force factories, restaurants and other…
WASHINGTON (AP) — Falling prices for gas, airline tickets and clothes gave Americans a little bit of relief last month, though overall inflation is still running at close to its highest level in four decades. Consumer prices jumped 8.5% in July compared with a year earlier, the government said Wednesday, down from a 9.1% year-over-year…
Several countries in Europe dependent on Russian energy suffered another blow with confirmation Tuesday that oil shipments have stopped through a critical pipeline. Russian state pipeline operator Transneft said it halted shipments through the southern branch of the Druzhba oil pipeline, which flows through Ukraine to the Czech Republic, Slovakia and Hungary. Transneft cited complications…
OMAHA, Neb. (AP) — Warren Buffett’s company has bought up more than $11 billion worth of Occidental Petroleum stock this year, giving Berkshire Hathaway control of more than 20% of the oil producer. Occidental’s stock rose more than 3.5% on Tuesday to $62.18 after Buffett revealed his latest purchases of nearly 6.7 million Occidental shares…
DETROIT (AP) — A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress. But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax credit that large. That’s…
FLINT, Mich. (AP) — Isaiah Oliver carefully parks his car in the crumbling parking lot of North Flint’s Greater Holy Temple Church. The lot at the church was meant for parishioners coming to worship, not 18-wheelers carrying pallets of bottled water. But as the city grapples with its water crisis, the church has been one…
COPENHAGEN, Denmark (AP) — The leaders of Estonia and Finland want fellow European countries to stop issuing tourist visas to Russian citizens, saying they should not be able to take vacations in Europe while the Russian government carries out a war in Ukraine. Estonian Prime Minister Kaja Kallas wrote Tuesday on Twitter that “visiting Europe…
MOSCOW (AP) — A Russian rocket on Tuesday successfully launched an Iranian satellite into orbit. The Soyuz rocket lifted off as scheduled at 8:52 a.m. Moscow time (0552 GMT) Tuesday from the Russia-leased Baikonur launch facility in Kazakhstan. About nine minutes after the launch, it placed the Iranian satellite called Khayyam into orbit. It’s named…
NAIROBI, Kenya (AP) — Kenyans voted Tuesday in an unusual presidential election where a longtime opposition leader who is backed by the outgoing president faces the brash deputy president who styles himself as the outsider. Turnout appeared lower than usual as some voters cited little hope of real change. The election was considered close but…
