AP National Business

PARIS (AP) — French financial prosecutors have opened a preliminary investigation into suspected tax fraud by American management consulting firm McKinsey & Company. The national financial prosecutor’s office said Wednesday the investigation was launched last week for alleged “money-laundering aggravated by tax fraud.” A report by the French Senate issued last month said McKinsey hadn’t

By CHANELLE BESSETTE of NerdWallet Whether you’re a customer who is coming to or leaving a bank, mergers and acquisitions are a good time to evaluate your banking needs. Bank mergers and acquisitions can be an opportunity for banks to streamline their services and offerings, but sometimes they can also mean temporary customer service problems

By ADAM SCHRECK Associated Press KYIV, Ukraine (AP) — Western governments are preparing to toughen sanctions against Russia and send more weapons to Ukraine. That’s after President Volodymyr Zelenskyy pointedly accused the world of failing to end Moscow’s invasion of his country and what he said was a campaign of murders, rapes and wanton destruction

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — India and Australia’s trade ministers say a shared security partnership with the United States and Japan has helped them strike a trade deal that Australia hopes will reduce its dependence on exports to China. Indian Commerce Minister Piyush Goyal is heading a business mission to Australia

By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — A government minister says Sri Lanka’s president will not step down and instead will face the political and economic crisis that has sparked large protests demanding his resignation. Sri Lanka has endured months of shortages of fuel and other essentials, and the protests over the

MEMPHIS, Tenn. (AP) — Shipping giant FedEx Corp. says its logistics subsidiary has opened a new global headquarters in downtown Memphis, Tennessee. FedEx Logistics says it held an event Tuesday to mark the opening of its offices in the former Gibson guitar factory, just steps from historic Beale Street and the FedExForum sports and concert

By ADAM SCHRECK Associated Press KYIV, Ukraine (AP) — Western governments are preparing tougher sanctions against Russia as Ukraine documents and investigates killings of civilians and other alleged war crimes. A regional governor reported attacks Wednesday on a fuel depot and factory. The number of casualties was unclear. Ukrainian President Volodymyr Zelenskyy is demanding war-crimes

By ADRIANA GOMEZ LICON Associated Press MIAMI (AP) — Thousands of cryptocurrency enthusiasts are gathering in Miami as the city builds its reputation as one of the key locations to develop the blockchain technology despite its underdog status. Dozens of companies are using the Bitcoin 2022 conference running Wednesday through Saturday as a venue to

By OLEKSANDR STASHEVSKYI and CARA ANNA Associated Press BUCHA, Ukraine (AP) — Police and other investigators are out in the silent streets of ruined towns around Ukraine’s capital. They’re documenting widespread killings of unarmed civilians and other alleged war crimes by Russian forces that could draw tough new Western sanctions as soon as Wednesday. Ukrainian

By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s president has revoked a days-old state of emergency after huge public protests demanded he resign over the country’s worst economic crisis in memory. President Gotabaya Rajapaksa has resisted the calls even after governing party lawmakers said an interim government should replace his and

By AAMER MADHANI and JOSH BOAK Associated Press WASHINGTON (AP) — The U.S. and its European allies will impose stiff new sanctions Wednesday, including a ban on new investments in Russia, in retaliation for Russia’s “war crimes” in Ukraine, according to the White House. The joint action also includes toughened sanctions on Russia’s financial institutions

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stocks have followed Wall Street lower after a Federal Reserve official’s comments fueled expectations of more aggressive interest U.S. rate hikes and the White House announced more sanctions on Russia. Market benchmarks in Shanghai, Tokyo, Hong Kong and Sydney retreated. Wall Street’s S&P 500 index

By TALI ARBEL AP Technology Writer Twitter tweeted Tuesday that it is indeed working on a way for users to edit their 280-character messages, although it says the project has nothing to do with the fact that edit-function fan Elon Musk was just revealed as the company’s largest shareholder and now sits on its board.

By KEN RITTER Associated Press LAS VEGAS (AP) — Two former investment executives arrested in Japan have been sentenced to five years in a U.S. prison for their roles in a $1.5 billion international Ponzi scheme with 10,000 victims in the U.S. and abroad. Junzo Suzuki and his son, Paul Suzuki, apologized Tuesday before each

By FRANKLIN BRICEÑO Associated Press LIMA, Peru (AP) — Peruvian President Pedro Castillo has lifted a curfew he had decreed less than a day earlier in the country’s capital and its main port in a bid to quell sometimes violent protests over rising fuel and food prices. Castillo had announced the surprise curfew and emergency

By DAVID BAUDER AP Media Writer NEW YORK (AP) — Despite a night of good vibes and performances by some of the music industry’s biggest stars, the Grammy Awards barely moved the needle in television ratings. The Nielsen company said Sunday’s show reached an average of 9.59 million viewers, up 4 percent over the record

By TALI ARBEL AP Technology Writer Well, that was fast. Twitter has announced, via Twitter, that it is indeed working on an edit feature for tweets. Newly chosen board member and now Twitter’s largest shareholder Elon Musk had run a Twitter poll that started Monday asking users if they wanted an edit button. Many Twitter

By MATT O’BRIEN and TALI ARBEL AP Technology Reporters Tesla CEO Elon Musk now has a 9% stake in Twitter and a seat on its corporate board of directors, raising questions about how the billionaire business magnate could reshape the social media platform. He is now Twitter’s biggest shareholder and has the ear of top