TOKYO (AP) — A Japanese consortium has decided to retain its stake in the new Russian operator of the Sakhalin-1 oil and gas project and is set to notify Moscow, moving to secure stable energy supplies for resource-scarce Japan. “It’s an extremely important project,” Economy and Industry Minister Yasutoshi Nishimura said Friday in welcoming the…
BEIJING (AP) — Chinese officials are trying to quell an outcry over the death of a 3-year-old boy from a quarantined residential compound that added to public anger at anti-virus controls that have confined millions of people to their homes. The boy died at a hospital in Lanzhou of carbon monoxide poisoning blamed on a…
Twitter began widespread layoffs Friday as new owner Elon Musk overhauls the company, raising grave concerns about chaos enveloping the social media platform and its ability to fight disinformation just days ahead of the U.S. midterm elections. The speed and size of the cuts also opened Musk and Twitter to lawsuits. At least one was…
NEW YORK (AP) — Stocks rallied Friday, but only after yo-yoing several times, as Wall Street struggled with what to make of the latest reading on the U.S. jobs market and what it means for interest rates and the odds of a recession. The S&P 500 climbed 1.4% after seeing an even bigger rally from…
Pumpkin spice pumped up Starbucks’ sales in its fiscal fourth quarter, and the company said it’s confident that momentum will carry on into next year. Starbucks’ revenue rose 3% to a record $8.41 billion in the July-September period. The company said Thursday it saw its highest-ever sales week in September when it introduced its fall…
NEW YORK (AP) — General Mills and Audi are the latest big advertisers to pause ads on Twitter as questions swirl about how the social media platform will operate under new owner Elon Musk. Spokesperson Kelsey Roemhildt on Thursday confirmed the move by the Minneapolis-based maker of food brands such as Cheerios and Annie’s macaroni…
DoorDash defied an overall slowdown in U.S. restaurant delivery in the third quarter, saying its orders jumped 27% as it expanded overseas and added new grocery and retail offerings. The San Francisco-based delivery company reported 439 million orders in the July-September period. That was higher than the 433 million Wall Street forecast, according to analysts…
NEW YORK (AP) — Amazon is pausing hiring for its corporate workforce, the latest move by the company to cut costs amid worries about the wider economic environment. Company executives have decided to halt “new incremental hires” for the entire corporate workforce and anticipate the pause to be in place for a few months, Beth…
LISBON, Portugal (AP) — Ukraine is counting on more Western technological support as its war against Russia drags on, with Microsoft pledging Thursday to extend its backing for Kyiv’s “extraordinary” wartime innovation through the end of next year. Microsoft’s financial commitment of more than $400 million enables the Ukraine government and other organizations to continue…
The story of Twitter’s blue checkmarks — a simple verification system that’s come to be viewed as an elite status symbol — began with some high-profile impersonations, just as the site began taking off in 2008 and ’09. Celebrities who saw their likeness spoofed included Kanye West, now Ye, the basketball star Shaquille O’Neil and…
