DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco on Tuesday reported a $42.4 billion profit in the third quarter of this year, a 39% bump buoyed by the higher global energy prices that have filled the kingdom’s coffers but helped fuel inflation worldwide. The oil firm’s profits will help fund the kingdom’s assertive…
BEIJING (AP) — Shanghai Disneyland was closed and visitors temporarily kept in the park for virus testing, the city government announced, while social media posts said some amusements kept operating for guests who were blocked from leaving. The park closed Monday for testing of staff and visitors, Walt Disney Co. and the city government announced….
Charitable giving to organizations that work to slow climate change have increased in the past year, and many more groups are receiving funds than just a few years ago. But despite the increases, giving from individuals and foundations to climate-related causes remains a stubbornly small percentage of overall charitable giving according, to a new report…
Billionaire Elon Musk is already floating major changes for Twitter — and faces major hurdles as he begins his first week as owner of the social-media platform. Twitter’s new owner fired the company’s board of directors and made himself the board’s sole member, according to a company filing Monday with the Securities and Exchange Commission….
Campari Group, owner of the iconic Wild Turkey brand, said Monday it will add to its Kentucky bourbon portfolio by taking a majority stake in Wilderness Trail Distillery. The Italian spirits company said it will acquire a 70% interest in Wilderness Trail, a bourbon and rye whiskey producer in Danville, Kentucky. Campari will acquire the…
WASHINGTON (AP) — The Federal Reserve may reach a turning point this week as it announces what’s expected to be another substantial three-quarter-point hike in its key interest rate — its fourth straight. Fed officials will likely engage in a fraught debate over whether it may soon be time to slow its rate hikes, which…
BEIJING (AP) — Workers who assemble Apple Inc.’s newest iPhone walked away from a factory in central China following virus outbreaks and complaints of unsafe working conditions, highlighting the clash between the disease’s enduring risks and efforts to restore the global flow of goods. Employees started leaving the Foxconn factory in Zhengzhou after some fell…
RIO DE JANEIRO (AP) — Brazilians delivered a very tight victory to Luiz Inácio Lula da Silva in a bitter presidential election, giving the leftist former president another shot at power in a rejection of incumbent Jair Bolsonaro’s far-right politics. Da Silva received 50.9% of the vote and Bolsonaro 49.1%, according to the country’s election…
NAIROBI, Kenya (AP) — Russia has suspended its part of a U.N.-brokered deal allowing Ukraine to export grain safely from its Black Sea ports during a monthslong war, saying it was not going to allow ships to travel. Ukraine said a dozen ships had sailed Monday after initially reporting that more than 200 vessels, many…
FRANKFURT, Germany (AP) — Inflation hit a new record in the 19 countries that use the euro currency, fueled by out-of-control prices for natural gas and electricity due to Russia’s war in Ukraine. Economic growth also slowed ahead of what economists fear is a looming recession, largely as a result of those higher prices sapping…
