AP National Business

By KEN MORITSUGU Associated Press BEIJING (AP) — A two-phase lockdown of Shanghai’s 26 million people is testing the limits of China’s hard-line “zero-COVID” strategy whose effects are being felt beyond the country’s borders. The city entered the second day Tuesday of the first phase of a lockdown including the Pudong financial district and adjacent

By CARA ANNA and AYA BATRAWY Associated Press HORDYNIA, Ukraine (AP) — A second front line in Russia’s war runs through the farmland of western Ukraine far from the fighting. It is an uphill battle for farmers to feed not only their country but the world. Ukraine and Russia account for a third of global

By JUSTIN SPIKE Associated Press BUDAPEST, Hungary (AP) — A grassroots civic initiative in Hungary has recruited more than 20,000 volunteer ballot counters to ensure a fair tally in the upcoming general election. Prime Minister Viktor Orban is seeking his fourth consecutive term in the April 3 contest. Polls suggest the vote will be the

By ALAN FRAM Associated Press WASHINGTON (AP) — President Joe Biden’s $5.8 trillion budget for next year would trim federal deficits and boost taxes on the wealthiest Americans. Both could appeal to Sen. Joe Manchin. And Democrats are hoping that could help revive talks with Manchin over the party’s derailed social and environment plan. Before

By JANIE HAR Associated Press California’s first-in-the-nation task force on reparations is at a crossroads with members divided on which Black Americans should be eligible for compensation. Some members want to limit financial and other compensation to descendants of enslaved people. Others say that all Black people in the U.S. suffer from systemic racism in

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Australia’s Treasurer Josh Frydenberg says the government’s upcoming budget will increase spending on defense and national security while reducing household expenses. Frydenberg will reveal the budget Tuesday for the fiscal year beginning July 1 with an eye to general elections that are due by May 21.

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Asian shares are mostly higher ahead of another round of peace talks between Russia and Ukraine. Crude oil prices fell further after sinking 7% on Monday. On Wall Street, the S&P 500 ended 0.7% higher. Tesla jumped 8% after saying it would seek shareholder approval to

JEFFERSON CITY, Mo. (AP) — Anheuser-Busch beer heiress Trudy Busch Valentine is running for U.S. Senate as a Democrat. The daughter of the late chairman of the Anheuser-Busch Companies officially filed her candidacy for retiring Republican U.S. Sen. Roy Blunt’s seat Monday. Busch Valentine’s entrance to the race comes days after Republican candidate Eric Greitens

By ALICE FUNG and JANICE LO Associated Press HONG KONG (AP) — Hong Kong is running short of coffins during its deadliest outbreak of the coronavirus pandemic, which has cost about 6,000 lives so far this year. Cremation is a common burial practice in the densely populated city, but mortuaries are being strained by the

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Australia’s Treasurer Josh Frydenberg says the government’s upcoming budget will increase spending on defense and national security while reducing household expenses. Frydenberg will reveal the budget Tuesday for the fiscal year beginning July 1 with an eye to Australia’s general elections that are due by May

By The Associated Press Company founder Fred Smith is stepping down as CEO of FedEx in June. The company said Tuesday that Smith will become executive chairman. FedEx Chief Operating Officer Raj Subramaniam will become CEO. Smith started FedEx in 1973, delivering small parcels and documents more quickly than the post office could. Over the

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Plantronics, STAAR Surgical rise; Barclays, Citigroup fall.

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks shook off a midday slump and closed higher on Wall Street, though energy companies ended in the red as crude oil prices fell sharply. The S&P 500 ended 0.7% higher Monday, after being down as much as 0.6%. Tesla jumped 8% after saying it

By MATTHEW DALY Associated Press WASHINGTON (AP) — The Commerce Department says it is investigating whether imports of solar panels from Southeast Asia are circumventing anti-dumping rules that restrict direct imports from China. Clean energy leaders say the investigation, which could result in retroactive tariffs of up to 240%, would severely hinder the U.S. solar

By JILL COLVIN, ERIC TUCKER and BERNARD CONDON Associated Press NEW YORK (AP) — Former President Donald Trump last week filed a sprawling lawsuit accusing his 2016 rival Hillary Clinton and the Democratic Party. He accused them conspiring to sink his winning presidential campaign by alleging ties to Russia. It’s the latest example of a

By DAVID BAUDER AP Media Writer NEW YORK (AP) — The television audience for the Academy Awards appears to be up from last year’s record low, but is still not at the level that the annual awards show is accustomed to. ABC, releasing preliminary Nielsen company estimates, said 15.36 million people watched Sunday’s show, up

By DAVID BAUDER AP Media Writer NEW YORK (AP) — The television audience for the Academy Awards appears to be up from last year’s record low, but is still not at the level that the annual awards show is accustomed to. ABC, releasing preliminary Nielsen company estimates, said 15.36 million people watched Sunday’s show, up

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The “Billionaire Minimum Income Tax” included in President Joe Biden’s proposed budget  is part of the administration’s effort to reduce the federal deficit. The White House says the proposal would eliminate the “sheltering of income for decades or generations.” Whether the proposal can successfully pass through Congress

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stock indexes are mixed on Wall Street Monday afternoon as crude oil prices slump and bond yields fall. The S&P 500 was up less than 0.1% after wavering between gains and losses. Tesla jumped after saying it is considering another stock split. Banks and energy