AP National Business

By EDNA TARIGAN Associated Press JAKARTA, Indonesia (AP) — Indonesia is lifting a monthlong ban on palm oil export, citing improvements in the supply and domestic price of bulk cooking oil. President Joko Widodo says exports will resume on Monday. Indonesia and Malaysia are the world’s largest exporters of palm oil, which plays an important

NEW YORK (AP) — Wall Street headed for more losses at the open following the previous day’s rout amid persistently high inflation and its potential effect on corporate profits and consumer spending. Futures for the S&P 500 and Dow Jones Industrial Average slid 0.9% Thursday before the bell. Shares in Europe and Asia fell sharply

By MICHELLE CHAPMAN AP Business Writer Spirit Airlines is advising shareholders to reject a tender offer for shares from JetBlue three days after it went hostile in its bid to create what would be the nation’s fifth largest airline. Spirit repeated Thursday that any attempt to merge with JetBlue would face substantial regulatory hurdles, largely

By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s central bank chief has said the island nation will lower the amount of foreign currency that individuals can hold to $10,000 from $15,000 and penalize those who hold foreign currency for more than three months by making it against the law. Central Bank

By OLEKSANDR STASHEVSKYI and CIARAN McQUILLAN Associated Press KYIV, Ukraine (AP) — Hundreds more fighters have emerged from the Mariupol stronghold where they made their last stand and surrendered, Russia said Thursday, and the Red Cross worked to register them as prisoners of war, as the end of a key battle in the conflict drew

LONDON (AP) — Britain has frozen the assets of three Russian airlines, preventing them from selling landing slots at U.K. airports that are worth up to $62 million. The new sanctions Thursday over Russia’s war in Ukraine stop state-owned Aeroflot, Rossiya Airlines and Ural Airlines from transferring the valuable landing rights. Those rights are going

BEIJING (AP) — The locked-down Chinese metropolis of Shanghai will reopen four of its 20 subway lines Sunday as it slowly eases pandemic restrictions that have kept most residents in their housing complexes for more than six weeks. A transport official said Thursday the city will also restart 273 bus lines connecting major urban centers,

DETROIT (AP) — Ford is asking the owners of 350,000 vehicles in to take them to dealers for repairs in three recalls, including about 39,000 that should be parked outdoors because the engines can catch fire. Ford says in U.S. government documents posted Thursday that it doesn’t know what’s causing fires in some 2021 Ford

By FATIMA HUSSEIN and FRANK JORDANS Associated Press KOENIGSWINTER, Germany (AP) — Finance ministers for the Group of Seven leading economies on Thursday will deal with the immediate effects of Russia’s war in Ukraine and the COVID-19 pandemic, overtaking their more ambitious plans to reform the global economy. A refugee crisis, high inflation, food insecurity

STOCKHOLM (AP) — European health officials say that 266 confirmed cases and 58 suspected cases of an outbreak of salmonella infection linked to chocolate Easter eggs have now been reported throughout Europe and in North America, the vast majority in children. The European Center for Disease Prevention and Control said that 86.3% of the cases

STOCKHOLM (AP) — European health officials say nearly 270 cases of salmonella infection linked to chocolate Easter eggs have now been reported throughout Europe and in North America, the vast majority in children.  No deaths were reported. The European Union agency said Wednesday that despite the closure of a Belgian factory, a global recall and

By NICK PERRY Associated Press WELLINGTON, New Zealand (AP) — At Lautoka harbor in the heart of Fiji’s sugar cane region, five U.S. federal agents boarded the Russian-owned Amadea, a luxurious superyacht the length of a football field. “They want to take 20 crew and sail east!” the ship’s captain wrote in a frantic May

By OLEKSANDR STASHEVSKYI and CIARAN McQUILLAN Associated Press KYIV, Ukraine (AP) — The battle that turned Mariupol into a worldwide symbol of defiance and suffering drew toward a close as Russia said nearly 1,000 last-ditch Ukrainian fighters who held out inside a pulverized steel plant had surrendered. Ukraine’s military made no mention of Mariupol in

BEIJING (AP) — The locked-down Chinese metropolis of Shanghai will reopen four of its 20 subway lines Sunday as it slowly eases pandemic restrictions that have kept most residents in their housing complexes for more than six weeks. A transport official said Thursday the city will also restart 273 bus lines connecting major urban centers,

BIRMINGHAM, Ala. (AP) — Alabama coach Nick Saban called out Texas A&M, saying the school was “buying” players with name, image and likeness deals. The Aggies signed the top recruiting class in the country earlier this year. While speaking at an event in Birmingham, Alabama, Saban also mentioned Jackson State and Miami as schools that

By OLEKSANDR STASHEVSKYI and CIARAN McQUILLAN Associated Press KYIV, Ukraine (AP) — The battle that turned Mariupol into a worldwide symbol of defiance and suffering drew toward a close as Russia said nearly 1,000 last-ditch Ukrainian fighters who held out inside a pulverized steel plant had surrendered. Meanwhile, the first captured Russian soldier to be

By NICK PERRY Associated Press WELLINGTON, New Zealand (AP) — New Zealand’s government says it will hand out an extra few hundred dollars to more than 2 million lower-income adults to help them navigate what it describes as “the peak of the global inflation storm.” The payments are part of a package of new measures