TOKYO (AP) — Japanese automaker Nissan Motor Co. said Tuesday that it plans to sell its Russian operations to its local partner and withdraw from manufacturing there. The company said its executive committee approved the sale to Russia’s Central Research and Development Automobile and Engine Institute, or NAMI. The sale includes Nissan’s factory and R&D…
WELLINGTON, New Zealand (AP) — Two of New Zealand’s largest ski areas on Tuesday were placed into a type of bankruptcy proceeding following a disastrous winter season with barely any snow. The Tūroa and Whakapapa ski areas, which are both owned by Ruapehu Alpine Lifts, entered what is called voluntary administration. The proceeding is open…
TOKYO (AP) — Asian shares were mostly lower on Wednesday following another volatile day on Wall Street, as traders braced for updates on inflation and corporate earnings. Benchmarks fell in Tokyo, Shanghai and Hong Kong but rose in Sydney. In currency trading the Japanese yen declined to a 24-year low against the U.S. dollar at…
WELLINGTON, New Zealand (AP) — New Zealand’s government on Tuesday proposed taxing the greenhouse gasses that farm animals make from burping and peeing as part of a plan to tackle climate change. The government said the farm levy would be a world first, and that farmers should be able to recoup the cost by charging…
OMAHA, Neb. (AP) — The U.S.’s third largest railroad union rejected a deal with employers Monday, renewing the possibility of a strike that could cripple the economy. B oth sides will return to the bargaining table before that happens. Over half of track maintenance workers represented by the Brotherhood of Maintenance of Way Employes Division…
BERLIN (AP) — German prosecutors on Monday opened an investigation into the suspected sabotage of two gas pipelines built to bring Russian gas to Germany under the Baltic Sea. Undersea explosions late last month ruptured the Nord Stream 1 pipeline, which until Russia cut off supplies at the end of August was its main supply…
PARIS (AP) — Distraught families whose loved ones died in Air France’s worst-ever crash on Monday shouted down the CEOs of the airline and of planemaker Airbus as the two companies went on trial on manslaughter charges for the 2009 accident over the Atlantic Ocean. Cries of “Shame!” erupted in the courtroom after the executives…
STOCKHOLM (AP) — Former Federal Reserve Chair Ben Bernanke and two other U.S.-based economists won the Nobel Prize in economics for research into bank failures — work that built on lessons learned in the Great Depression and helped shape America’s aggressive response to the 2007-2008 financial crisis. The Nobel panel at the Royal Swedish Academy…
KYIV, Ukraine (AP) — Russia retaliated Monday for an attack on a critical bridge by unleashing its most widespread strikes against Ukraine in months, a lethal barrage that smashed civilian targets, knocked out power and water, shattered buildings and killed at least 14 people. Ukraine’s Emergency Service said nearly 100 people were wounded in the…
BERLIN (AP) — A government-appointed expert panel on Monday proposed a two-stage system for distributing some of the up to 200 billion euros ($195 billion) in subsidies Germany has announced to ease the strain of high energy prices, a plan that the group said would still encourage people to save gas. The panel suggested that…
