Elon Musk says he has lined up $46.5 billion in financing to buy Twitter, putting pressure on the company’s board to negotiate a deal. Last week, Musk announced an offer to buy the social media platform for $54.20 per share, or about $43 billion. At the time, he did not say how he would finance…
WASHINGTON (AP) — The mounting economic damage to Ukraine from Russia’s ongoing bombardment has the U.S. and its allies speeding billions in aid to the beleaguered country — and looking for other sources of cash as well, including Russia itself. After the U.S. announced $1.3 billion in new economic assistance and military aid to Ukraine…
WASHINGTON (AP) — Applications for unemployment benefits inched down last week as the total number of Americans collecting aid fell to its lowest level in more than 50 years. Jobless claims fell by 2,000 to 184,000 last week, the Labor Department said Thursday. The four-week average of claims, which levels out week-to-week volatility, rose by…
OMAHA, Neb. (AP) — Union Pacific hauled in 22% more profit during the first quarter because it charged more and delivered 4% more shipments even as it struggled to clear up congestion along its rail network. The Omaha, Nebraska, railroad said Thursday it earned $1.63 billion, or $2.57 per share, in the quarter. That’s up…
DALLAS (AP) — American Airlines lost $1.64 billion in the first quarter, a wider loss than a year ago, but said Thursday that it expects to turn profitable in the spring as travel demand strengthens. The airline’s shares soared more than 10% higher in early trading before the market opened. Air travel was subdued early…
Europe is struggling to find ways to stop paying Russia $850 million a day for energy and hit the Kremlin’s finances over its invasion of Ukraine. The 27-member European Union is finding that reversing decades of dependence on Russian oil and natural gas is not a simple matter. Leaders are now discussing sanctions on Russian…
BERLIN (AP) — The World Health Organization says that the number of reported new COVID-19 cases worldwide decreased by nearly a quarter last week, continuing a decline since the end of March. The Geneva-based U.N. health agency said in a weekly report that nearly 5.59 million cases were reported between April 11 and 17, 24%…
BEIJING (AP) — China’s credit card processor has refused to work with banks in Russia for fear of being targeted by sanctions over its war on Ukraine, cutting off a possible alternative after Visa and Mastercard stopped serving them, according to the Russian news outlet RBC. UnionPay’s decision affects Sberbank, Russia’s biggest commercial bank, and…
TOKYO (AP) — Asian shares fell Friday, tracking losses on Wall Street after Federal Reserve Chair Jerome Powell indicated increases in interest rates must be faster to fight inflation. Major indexes cascaded downward in Asia, with the drop pronounced at nearly 2% in Tokyo. Japan’s consumer price index data showed an increase for the seventh…
BANGKOK (AP) — Myanmar officials sought Thursday to counter worries over sanctions, energy shortages and currency controls that are adding to the military-led government’s challenges in managing the economy. Two ministers of Myanmar’s army-installed government said in an online briefing that approved foreign investors, embassies, United Nations agencies and non-government organizations are exempt from recently…
