TOKYO (AP) — Asian shares fell in muted trading as markets were closed for Good Friday and other holidays. Benchmarks declined in Tokyo, Seoul and Shanghai. Sydney, Sydney, Manila, Bangkok and Hong Kong were among markets observing holidays on Friday. U.S. and European markets also were closed. Shutdowns in major Chinese cities due to coronavirus…
Amazon is taking a step to offset its rising costs, announcing Wednesday it will add a 5% “fuel and inflation surcharge” to fees it charges third-party sellers who use the e-commerce giant’s fulfillment services. The Seattle-based company said on its website that the added fees, which take effect April 28, are “subject to change” and…
THE HAGUE, Netherlands (AP) — Dutch bank ABN AMRO apologized Wednesday for historic links to the slave trade in the 18th and 19th centuries, including the involvement of one of the bank’s predecessor institutions in “day-to-day business” of plantations. The bank is the latest institution to apologize for historic ties to slavery, following the Bank…
KYIV, Ukraine — Ukrainian President Volodymyr Zelenskyy said he’s “sincerely thankful” to the U.S. for the new round of $800 million in military assistance. In his daily late-night address to the nation, Zelenskyy also said he was thankful for Wednesday’s visit by the presidents of Poland, Estonia, Lithuania and Latvia. He said those leaders “have…
Bed Bath & Beyond was unable to overcome supply issues during the final quarter of the year that have tripped up the home goods chain for months and it warned Wednesday that those problems are carrying over into the new year. It also reported a surprise loss in a quarter when many other retailers booked…
LOS ANGELES (AP) — Shortly after moving to South Florida for a new job with the U.S. military, Shannon Kaufman and his wife, Wendy, signed up for a whole other mission: buying a home. For months, they scoured listings, strategizing late into the night on which homes to target and working out how much they…
WASHINGTON (AP) — The surging cost of energy pushed wholesale prices up a record 11.2% last month from a year earlier — another sign that inflationary pressure is widespread in the U.S. economy. The Labor Department said Wednesday that its producer price index — which measures inflation before it reaches consumers — climbed at the…
NEW YORK (AP) — JPMorgan Chase said its first quarter profits dropped by 42% from last year, partly because the bank wrote down nearly $1.5 billion in assets due to higher inflation and Russia’s war in Ukraine. The nation’s largest bank by assets said it earned a profit of $8.3 billion, or $2.63 per share,…
LONDON (AP) — British consumer prices rose at the fastest pace in 30 years last month, fueled by soaring costs for household energy and motor fuels — the latest grim figures as inflation surges around the world. Inflation in the United Kingdom accelerated to 7% in the 12 months through March, the highest annual rate…
Delta Air Lines lost $940 million in the first quarter, hurt by a rise in fuel prices, but bookings surged in recent weeks, setting up a breakout summer as Americans try to put the pandemic behind them. Wall Street had expected the loss in a quarter marred by the omicron variant of COVID-19. Investors focused…
