COLOMBO, Sri Lanka (AP) — Sri Lanka’s government said Tuesday it is discussing obtaining another loan from Beijing to repay some of its debt to Chinese banks after China told the nearly bankrupt island nation it was not in favor of restructuring existing loans. Sri Lanka has nearly $7 billion in foreign debt due for…
CANBERRA, Australia (AP) — Uber agreed to pay a 26 million Australian dollar ($19 million) fine for misleading riders by falsely warning they could be charged a cancellation fee and for inflating estimates of comparable taxi rides, the ride share company and Australia’s consumer watchdog said Tuesday. Uber B.V., a Netherlands subsidiary of San Francisco-based…
TOKYO (AP) — Asian shares retreated on Wednesday, echoing a broad decline on Wall Street and driven by worries about how the war in Ukraine may push prices for oil and other commodities higher. Tokyo’s benchmark rose after Prime Minister Fumio Kishida announced measures to help poor families and small businesses as the nation copes…
RIO DE JANEIRO (AP) — A Brazilian federal court on Monday upheld the suspension of an environmental license for what would be the largest open-pit gold mine in the nation’s Amazon rainforest, dealing a blow to the Canada-based company behind the project. Belo Sun Mining Corp. was appealing the same court’s 2017 ruling, which found…
A disaster-weary globe will be hit harder in the coming years by even more catastrophes colliding in an interconnected world, a United Nations report issued Monday says. If current trends continue the world will go from around 400 disasters per year in 2015 to an onslaught of about 560 catastrophes a year by 2030, the…
Twitter’s acceptance of Elon Musk’s roughly $44 billion takeover bid brings the billionaire Tesla CEO one step closer to owning the social media platform. The deal is expected to close sometime this year. But before that, shareholders still have to weigh in, as well as regulators in the U.S. and in countries where Twitter does…
BRUSSELS (AP) — Former Ecuador president Rafael Correa said the political asylum he has been granted in Belgium is proof he is persecuted by his country’s authorities and did not rule out a return to politics in an interview with The Associated Press on Monday. Correa, who in 2020 was found guilty of corruption and…
BERLIN (AP) — The co-leader of German Chancellor Olaf Scholz’s party said Monday that former Chancellor Gerhard Schroeder, whose ties to the Russian energy industry have left him increasingly isolated at home, should leave the party. Saskia Esken, one of two co-leaders of Scholz’s center-left Social Democrats, said in an interview with Deutschlandfunk radio that…
General Motors says it will offer an electrified Chevrolet Corvette as early as next year. President Mark Reuss said in a statement on LinkedIn Monday that the automaker will also sell a fully electric Corvette sometime in the future. An electrified vehicle generally means a gas-electric hybrid or a plug-in rechargeable hybrid, but more details…
OMAHA, Neb. (AP) — The world’s most expensive lunch will go on sale again this spring when investor Warren Buffett auctions off a private meal to raise money for a California homeless charity one last time. Buffett, Berkshire Hathaway’s CEO, held the lunch auction once a year for 20 years before the pandemic began to…
