COPENHAGEN, Denmark (AP) — The world’s biggest shipping company said Wednesday that 2021 was its most profitable year yet, with Denmark’s A.P. Moeller-Maersk bringing in $18.7 billion as surging demand from a rebounding global economy led to supply chain logjams. Profits before taxes soared last year from $3.3 billion in 2020, while 2021 revenue came…
GENEVA (AP) — The head of the World Health Organization insisted Wednesday that “COVID isn’t finished with us,” appealing for more support to fight the pandemic after his agency reported that case counts and deaths fell worldwide over the past week. Tedros Adhanom Ghebreyesus, launching a new $23 billion campaign to fund WHO’s efforts to…
TOKYO (AP) — Asian shares mostly rose Thursday as investors tried to gauge U.S. inflation, tensions between Russia and Ukraine and the impact of the pandemic. Japan’s benchmark Nikkei 225 rose 0.4% to 27,680.91. Australia’s S&P/ASX 200 gained 0.1% to 7,275.70. South Korea’s Kospi added 0.1% to 2,771.88. Hong Kong’s Hang Seng edged down 0.1%…
STOCKHOLM (AP) — Sweden has halted wide-scale testing for COVID-19 even among people showing symptoms of an infection, putting an end to the mobile city-square tent sites, drive-in swab centers and home-delivered tests that became ubiquitous during the pandemic and provided essential data for tracking its spread. The move puts the Scandinavian nation at odds…
ADIIVKA, Ukraine (AP) — In the trenches of eastern Ukraine, across the lines from some of the 100,000 Russian troops amassed north and east of the country, Ivan Skuratovskyi’s calm verges on numbness — even after a sniper’s bullet recently killed one of the 50 or so men under his command. It is the sort…
TOKYO (AP) — Honda’s profit dropped 32% in the last quarter as rising material costs and a shortage of computer chips hurt the Japanese automaker. Honda Motor Co.’s profit for the three months through December totaled 192.9 billion yen ($1.7 billion), down from 284 billion yen the year before, the Tokyo-based company said Wednesday. Quarterly…
TOKYO (AP) — Toyota’s profit slipped nearly 6% last quarter, the Japanese automaker said Wednesday, highlighting the headwinds automakers are facing in a computer chips crunch caused by the coronavirus pandemic. Toyota Motor Corp.’s profit for the three months through December totaled 791.7 billion yen ($6.9 billion), down from 838.7 billion yen the previous year….
WASHINGTON (AP) — The Justice Department announced Tuesday its largest-ever financial seizure — more than $3.6 billion — and the arrests of a New York couple accused of conspiring to launder billions of dollars in cryptocurrency stolen from the 2016 hack of a virtual currency exchange. Federal law enforcement officials said the recovered sum was…
Starbucks has fired seven employees who were leading an effort to unionize a Memphis, Tennessee, store. The Seattle coffee giant said Tuesday that the employees violated company policy by reopening a store after closing time and inviting non-employees to come inside and move throughout the store, including behind the counter and in back rooms. The…
NEW YORK (AP) — Apple said Tuesday it is expanding the iPhone’s capabilities to accept contactless payments, making it easier for merchants to conduct tap-to-pay transactions without having to buy additional hardware. It will also give Apple a competitive edge in the growing world of contactless payments, in which the iPhone, as well as Apple…
