TOKYO (AP) — Asian shares were mostly lower Wednesday as markets shrugged off a Wall Street rally and awaited congressional testimony by Federal Reserve Chair Jerome Powell. Japan’s benchmark Nikkei 225 shed 0.2% to 26,206.68. Australia’s S&P/ASX 200 lost 0.2% to 6,508.40. South Korea’s Kospi lost 1.7% to 2,367.78. Hong Kong’s Hang Seng dipped 1.1%…
SACRAMENTO, Calif. (AP) — With California drivers paying more than $6 for a gallon of gas and state officials deadlocked for months over how to provide relief, lawmakers in the state Assembly on Monday announced they would investigate oil companies they say are “abusing a historic situation to suck profits from Californians’ wallets.” Assembly Speaker…
NEW YORK (AP) — JetBlue Airways on Monday increased its offer to buy Spirit Airlines, raising the stakes again in a battle over the nation’s biggest budget airline. New York-based JetBlue said it increased its cash offer to $33.50 per share, or more than $3.6 billion. That is an increase per share of $2 over…
LONDON (AP) — Paramount+ flexed the star power of its shows as it prepares to launch in the United Kingdom with an event attended by Sylvester Stallone, Viola Davis, Kevin Costner, Jessica Chastain and more. The expansion delivers overseas some popular programs like Costner’s “Yellowstone” and “Star Trek Discovery” to U.K. audiences. Subscribers will also…
SAO PAULO (AP) — The chief executive of Brazil’s state-run oil giant Petrobras resigned on Monday amid political pressure from top lawmakers and President Jair Bolsonaro. José Mauro Coelho held the job for less than two months. A filing of the oil giant to Brazil’s security authority said that Coelho chose to resign, as lawmakers…
NAIROBI, Kenya (AP) — East Africa’s leaders have responded to the threat of war between Rwanda and Congo by instructing a new regional force to deploy in eastern Congo and ordering an immediate cease-fire. A statement after the leaders’ meeting in Kenya’s capital, Nairobi, didn’t give details on the date of the force’s deployment or…
BERLIN (AP) — The German government said Monday that it remains committed to its goal of phasing out coal as a power source by 2030, despite deepening worries about a cut in Russia’s gas supplies. Russia’s Gazprom announced last week that it was sharply reducing supplies through the Nord Stream 1 pipeline to Germany for…
BAKHMUT, Ukraine (AP) — Holed up in a bombed-out house in eastern Ukraine, Ukrainian troops keep a careful accounting of their ammunition, using a door as a sort of ledger. Scrawled in chalk on the door are figures for mortar shells, smoke shells, shrapnel shells, flares. Despite the heavy influx of weapons from the West,…
PARIS (AP) — France faced an ecstatic Marine Le Pen on Monday after her party’s far-right candidates sent shockwaves through the political establishment and helped deny President Emmanuel Macron’s centrist alliance a majority in parliament. The surprising breakthrough for the far right — alongside a surge in support for hard-left candidates — undercuts Macron’s leadership,…
KYIV, Ukraine (AP) — Russia’s military kept grinding down Ukraine’s defenses Monday, with combat in eastern areas said to be entering a “decisive” phase, as the war’s consequences for food and fuel supplies increasingly weighed on minds around the globe. In Ukraine’s eastern Luhansk region, which in recent weeks has become the focal point of…
