TOKYO (AP) — Hino Motors, a truck maker that’s part of the Toyota group, systematically falsified emissions data dating back as far as 2003, according to the results of an investigation released Tuesday. President Satoshi Ogiso bowed deeply at a hastily called news conference and apologized to customers and other stakeholders. “I am so deeply…
Uber’s effort to meld its pioneering ride-hailing service with food and freight delivery showed progress during the past quarter even though the company sustained a huge loss stemming from a sharp decline in its outside investments. Looking past Uber’s second-quarter loss of $2.6 billion announced Tuesday, Wall Street celebrated a significant milestone that raised hopes…
LONDON (AP) — BP said its earnings from April to June almost tripled from a year earlier, increasing pressure on governments to intervene as energy companies profit from high oil and natural gas prices that are fueling inflation and squeezing consumers. Net income jumped to $9.26 billion in the second quarter from $3.12 billion in…
BEIJING (AP) — Asian stock markets rose Wednesday as traders watched for signs trade might be disrupted by U.S.-Chinese tensions over an American lawmaker’s visit to Taiwan. Shanghai, Hong Kong, Tokyo and Seoul advanced after Beijing announced a ban on imports of some Taiwanese goods but no immediate major penalties following the arrival of Speaker…
CANBERRA, Australia (AP) — Australia’s central bank on Tuesday boosted its benchmark interest rate for a fourth consecutive month to a six-year high of 1.85%. The Reserve Bank of Australia’s decision was the cash rate’s third consecutive hike of half a percentage point. When the bank lifted the rate by a quarter percentage point at…
The National Labor Relations Board has dismissed a charge Starbucks filed against union organizers in Phoenix, saying there was not enough evidence that pro-union workers blocked store entrances or intimidated customers during a spring rally. Seattle-based Starbucks filed the charge with the labor board in April. The company contended that pro-union workers violated U.S. labor…
HONG KONG (AP) — Chinese e-commerce firm Alibaba said Monday that it wants to keep its shares listed in both New York and Hong Kong, days after U.S. regulators included it in a list of companies that may be delisted for not complying with auditing requirements. The U.S. Securities and Exchange Commission has said foreign…
TOKYO (AP) — Asian shares were mostly lower Tuesday amid concerns about regional stability as an expected visit by U.S. House Speaker Nancy Pelosi to Taiwan prompted threats from Beijing. Benchmarks headed downward across the board in the region in early trading, including Japan, China, South Korea and Australia. China sees Taiwan as its own…
ISLAMABAD (AP) — Pakistan’s powerful army chief has contacted Washington, seeking U.S. help in securing an early release of a crucial $1.7 billion installment from the International Monetary Fund to his country, struggling with a deepening economic crisis, Pakistani officials said Saturday. According to several government officials, Gen. Qamar Javed Bajwa discussed the issue with…
COLOMBO, Sri Lanka (AP) — Sri Lanka’s president said Saturday that an agreement with the International Monetary Fund to help pull the bankrupt nation out of its economic crisis has been pushed back to September because of unrest over the past weeks. President Ranil Wickremesinghe, in his first speech since he was elected by Parliament…
