AP National Business

By DÁNICA COTO Associated Press SAN JUAN, Puerto Rico (AP) — More than a million customers in Puerto Rico remain without electricity after a fire at a main power plant caused an island-wide blackout that forced the U.S. territory to cancel classes and shutter government offices in the biggest outage yet this year. Wednesday night’s

By DAVID KLEPPER Associated Press A report from Facebook owner Meta finds a big jump this year in disinformation and propaganda linked to Russia’s invasion of Ukraine. The company, which also owns Instagram, says its review also has found an increase in domestic disinformation and propaganda in countries around the world, suggesting that the tactics

By JOE McDONALD AP Business Writer BEIJING (AP) — Residents of Shanghai are struggling to get meat, rice and other food supplies under anti-coronavirus controls that confine most of its 25 million people to their homes. People in China’s business capital have grown frustrated over the government’s effort to contain a spreading outbreak, complaining that

By The Associated Press Europe’s ready to ban Russian coal imports. It’s a big step because it’s the first time the 27-member European Union has shown willingness to touch energy supplies from Russia. And it will cost Russia some 4 billion euros a year. But that pales in comparison to the money Russia gets from

By LAUREN SCHWAHN of NerdWallet If you’re expecting a tax refund, you’re probably contemplating what to spend this newfound money on. There are several ways to use your windfall responsibly, but paying off debt could be the right option. Experts point out that it can help you avoid paying extra interest charges, strengthen your credit

LONDON (AP) — Britain plans to build eight new nuclear reactors and expand production of wind energy as it seeks to reduce dependence on oil and natural gas from Russia and other foreign suppliers following the invasion of Ukraine. Prime Minister Boris Johnson announced the plans Thursday as part of a new energy security strategy

By DAVID RISING Associated Press BANGKOK (AP) — India’s power sector has been targeted by hackers in a long-term operation thought to have been carried out by a state-sponsored Chinese group, a U.S.-based private cybersecurity company says in a new report. Over the last several months, the Insikt Group, the threat research division of Massachusetts-based

By MENELAOS HADJICOSTIS Associated Press NICOSIA, Cyprus (AP) — A senior U.S. diplomat says a proposed pipeline to deliver natural gas from deposits in the east Mediterranean to European markets is too expensive, not economically viable and will take too long to help countries seeking alternatives to Russian gas any time soon. U.S. Under Secretary

ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — World shares are mixed after a retreat on Wall Street spurred by comments indicating the Federal Reserve intends to more aggressively tackle inflation. Benchmarks rose in Paris and Frankfurt after declines in most Asian markets. U.S. futures fell while oil prices were higher. Minutes from the Fed’s

LONDON (AP) — Shell says its decision to pull out of Russia in response to the country’s invasion of Ukraine has already cost the international energy giant as much as $5 billion. London-based Shell said Thursday that the reduced value of Russian assets, credit losses and “onerous” contract terms will cut earnings for the first

By JOSEPH WILSON and TARIK EL BARAKAH Associated Press RABAT, Morocco (AP) — Spanish Prime Minister Pedro Sánchez has met with Moroccan King Mohammed VI on a visit to Rabat seeking to mark the end of diplomatic tensions centered on Morocco’s disputed region of Western Sahara. Relations were damaged last April when Morocco was angered

By ZEN SOO AP Technology Writer SINGAPORE (AP) — Chinese e-commerce company JD.com says that its founder Richard Liu has left his position as CEO, the latest Chinese billionaire founder to step aside amid increased government scrutiny of the country’s technology industry. Liu will hand over the reins to JD.com’s president Xu Lei, according to

ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Asian shares have tracked a retreat on Wall Street after details from last month’s Federal Reserve meeting showed the central bank plans to be aggressive in fighting inflation. Benchmarks fell in all major regional markets, with Tokyo briefly down more than 2%. U.S. futures fell while oil

By KEVIN FREKING Associated Press WASHINGTON (AP) — Legislation punishing Russia for the war in Ukraine is finally getting a vote in the U.S. Senate. Democratic leader Chuck Schumer says the Senate will vote Thursday on ending normal trade relations with Russia and banning the importation of its oil. Both bills have been bogged down

By DÁNICA COTO Associated Press SAN JUAN, Puerto Rico (AP) — A major power outage has hit Puerto Rico, plunging hundreds of thousands of customers into darkness after a fire erupted at one of the largest power plants in the U.S. territory. Wednesday night’s outage is one of the biggest reported in recent months for

DETROIT (AP) — Toyota customers soon won’t be able to get U.S. federal tax credits for buying electric or plug-in hybrid vehicles. Toyota’s sales chief for North American, Bob Carter, said Wednesday that the automaker expects to reach a 200,000-vehicle cap on the credits before the end of June. After that, the credits will be

By DAVID KOENIG AP Airlines Writer Investors seem to be taking a slightly dim view of JetBlue’s bid to buy Spirit Airlines for $3.6 billion. JetBlue shares fell nearly 9% Wednesday, and they are down more than 15% since news of the deal broke Tuesday. JetBlue executives are trying to convince Wall Street about the

By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — Vaccine experts are grappling with how to formulate a U.S. strategy for future COVID-19 booster campaigns. A panel of federal advisers to the Food and Drug Administration spent hours Wednesday debating key questions about updating the vaccines. They didn’t reach any firm conclusions. FDA regulators cautioned