FRANKFURT, Germany (AP) — Shares in luxury carmaker Porsche AG rose on their first day of public trading after German parent company Volkswagen raised 9.4 billion euros ($9.1 billion) for one of the largest initial public offerings in European history. Shares traded at 85.68 euros on the Frankfurt Stock Exchange on Thursday, above the initial…
BUCHAREST, Romania (AP) — Doreen Bogdan-Martin of the United States was elected Thursday to head the U.N.’s telecommunications agency, winning a U.S.-Russia face-off for the leadership of a key global agency that sets guideposts for radio, internet and television communications — ending a race that has been overshadowed by geopolitics in the wake of Russia’s…
MINNEAPOLIS (AP) — A Chinese billionaire, one of the richest people in the world, is heading to trial in Minneapolis to defend himself against allegations that he raped a former University of Minnesota student after a night of dinner and drinks in 2018. Richard Liu, the founder and former CEO of e-commerce giant JD.com, has…
BEIJING (AP) — Asian stocks sank again Friday after German inflation spiked higher, British Prime Minister Liz Truss defended a tax-cut plan that rattled investors and Chinese manufacturing weakened. Shanghai, Tokyo, Hong Kong and Sydney retreated. Oil prices edged lower. Wall Street’s benchmark S&P 500 index fell 2.1% on Thursday to its lowest level in…
NEW YORK (AP) — Amazon said Wednesday it’s raising its average starting pay for frontline workers from $18 to $19 a hour, a boost that could help it attract more employees in a tight labor market as the holiday season approaches. Amazon said that beginning in October, warehouse and transportation workers would earn between $16…
With roosters crowing in the background as he speaks from the crowded refugee camp in Bangladesh that’s been his home since 2017, Maung Sawyeddollah, 21, describes what happened when violent hate speech and disinformation targeting the Rohingya minority in Myanmar began to spread on Facebook. “We were good with most of the people there. But…
SACRAMENTO, Calif. (AP) — A broadly smiling California Gov. Gavin Newsom joined about two dozen jubilant, cheering farmworkers camped outside the state Capitol Wednesday to sign one of the most contentious bills before him this year, reversing course on a measure to help farmworkers unionize after President Joe Biden and Vice President Kamala Harris supported…
PORTLAND, Ore. (AP) — A renewable energy plant in Oregon that combines solar power, wind power and massive batteries to store the energy generated there officially opened Wednesday as the first utility-scale plant of its kind in North America. The project, which can generate enough electricity to power a small city at maximum output, addresses…
OMAHA, Neb. (AP) — The two biggest U.S. railroad unions were working Wednesday ahead of key ratification votes to dispel rumors about the contract deals that averted a potentially devastating nationwide strike . The unions have been fighting rumors on social media that they would impose the deals on workers if they vote to reject…
NEW YORK (AP) — Regions Bank for a second time in a decade was found charging illegal overdraft fees, the government said Wednesday, in a settlement that will require the bank to repay $141 million to customers and pay an additional $50 million in fines. In an investigation, the Consumer Financial Protection Bureau found that…
