AUSTIN, Texas (AP) — Tesla will build a vehicle dedicated for use as a robotaxi, and it will start making three new vehicles next year, CEO Elon Musk told fans at a party celebrating the opening of a Texas factory. Musk didn’t give details of the robotaxi other than to say it will “look quite…
LONDON (AP) — Russia’s central bank has managed to stabilize key aspects of the economy with severe controls, artificially propping up the ruble to allow it to rebound to levels seen before the invasion of Ukraine even as the West piles on more sanctions. That became evident as central bank of Russia said Friday that…
TOKYO (AP) — Japan announced Friday it is expelling eight Russian diplomats and trade officials and will phase out imports of Russian coal and oil, with Prime Minister Fumio Kishida saying Moscow must be held accountable for “war crimes” in Ukraine. Kishida said Japan will also ban imports of Russian lumber, vodka and other goods,…
ROME (AP) — Prices for food commodities like grains and vegetable oils reached their highest levels ever last month largely because of Russia’s war in Ukraine and the “massive supply disruptions” it is causing, threatening millions of people in Africa, the Middle East and elsewhere with hunger and malnourishment, the United Nations said Friday. The…
BANGKOK (AP) — Foreign business groups in Myanmar have raised concerns about new rules requiring businesses and individuals to convert all foreign currency held in bank accounts into the local currency. A statement issued Friday by the American Chamber of Commerce and British, French, Australian chambers and similar groups says the requirement to swap all…
NEW YORK (AP) — Wall Street closed its first losing week in the last four with an up-and-down Friday, as investors brace for the Federal Reserve to tighten the brakes on the economy more aggressively to beat down inflation. Big tech stocks once again led the market lower, and the S&P 500 fell 11.93 points,…
DALLAS (AP) — Spirit Airlines said late Thursday that it will talk to JetBlue Airways about its $3.6 billion bid to combine the two airlines, which appeared to leapfrog an earlier offer by Frontier Airlines. Spirit said that after speaking with financial and legal advisers, its directors believe JetBlue’s offer could “reasonably” turn out to…
McDonald’s investors will consider a proposal for a civil rights audit of the company after the federal government denied McDonald’s request to remove the proposal from the agenda at its annual meeting. SOC Investment Group, a shareholder advocacy group that supports union pension funds, submitted the proposal for a vote at McDonald’s annual meeting. The…
WASHINGTON (AP) — As the Federal Reserve intensifies its efforts to tame high inflation, its top officials are casting their aggressive drive in a new light: As a blow against economic inequality. That thinking marks a sharp reversal from the conventional view of the Fed’s use of interest rates. Normally, the steep rate hikes the…
PARIS (AP) — The International Energy Agency said Thursday that its member countries are releasing 60 million barrels of oil from their emergency reserves on top of previous U.S. pledges to take aim at energy prices that have soared since Russia invaded Ukraine. The Paris-based organization says the new commitments made by its 31 member…
