AP National Business

ATHENS, Greece (AP) — Greece’s European Union bailout lenders have approved a plan for the country to repay outstanding loans to the International Monetary Fund two years ahead of schedule. The bloc’s bailout fund, the European Stability Mechanism, said the outstanding loans worth 1.86 billion euros could be settled early. Three successive bailouts totaling some

By LIZ WESTON of NerdWallet Taking care of three big tasks soon after you retire can go a long way toward helping your money and your health go the distance. Volatile markets can make tweaking your budget necessary so that your money will last as long as you need it to. Getting good advice on

MADRID (AP) — Spain’s government is readying a package of emergency economic measures worth 6 billion euros in direct aid and tax breaks and 10 billion euros in loans for families and businesses affected by the fallout from Russia’s invasion of Ukraine. Prime Minister Pedro Sánchez said Monday that the plan aims to protect growth

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Global shares are mostly higher and oil prices have fallen after Shanghai went into a nine-day semi-lockdown. Benchmarks rose in Paris, Frankfurt, Hong Kong and Shanghai but fell in Tokyo and Seoul. U.S. futures edged higher. With China’s economic growth already slowing, the restrictions on activity

BERLIN (AP) — Germany’s energy industry recorded about 25% more electricity generated from renewable sources in the first three months of the year compared with the same period last year thanks to unusually windy and sunny weather. Preliminary calculations released Monday indicate that Germany generated about 74.5 billion kilowatt hours of renewable power in the

By JOE McDONALD AP Business Writer BEIJING (AP) — Chinese telecom equipment maker Huawei says its 2021 sales fell but profit rose 75.9% despite U.S. sanctions in a year when its chief financial officer was released by Canadian authorities, ending a standoff with Washington over its dealings with Iran. Huawei Technologies increased its emphasis on

LONDON (AP) — The British government has relinquished control of the former Royal Bank of Scotland for the first time since it bailed out the lender during the global financial crisis almost 15 years ago. The Treasury said Monday that it had sold 1.2 billion pounds ($1.6 billion) of shares back to the bank, now

By AYA BATRAWY Associated Press DUBAI, United Arab Emirates (AP) — The United Arab Emirates’ energy minister has doubled down on an oil alliance with Russia that’s helped buoy crude prices to their highest in years as Moscow’s war on Ukraine rattles markets and sends energy and commodity prices soaring. The minister spoke at at

DUBAI, United Arab Emirates (AP) — A fire has broken out at an under-construction new terminal at Kuwait International Airport. Firefighters struggled to control the the blaze in Kuwait City for hours on Monday. That’s according to the Interior Ministry spokesman. He says a cause for the blaze was not immediately known. The fire caused

By ZEINA KARAM Associated Press BEIRUT (AP) — Soaring energy and food prices triggered by Russia’s invasion of Ukraine are pushing some Middle Eastern and North African countries to the brink. Millions of people whose lives were already upended by conflict, displacement and poverty are now wondering where their next meals will come from. Escalating

NEW DELHI (AP) — Millions of workers have begun a two-day strike across India to express their anger at the government’s economic policies and press their demands for improved rights for industrial workers, employees and farmers. Labor unions want the government to provide universal social security coverage for workers in unorganized sectors, hike the minimum

By JON GAMBRELL Associated Press DUBAI, United Arab Emirates (AP) — A troubled Dubai real estate developer says it suspected $42 million had been “misappropriated” by the company’s former officials while declaring it massively overvalued its holdings. The announcement on Monday by Union Properties comes as Emirati prosecutors announced in October they were investigating the

The Associated Press Online pet store Chewy reports its fiscal fourth-quarter results Tuesday. The Commerce Department serves up its monthly snapshot of consumer spending Thursday. The Labor Department issues its March tally of hiring by nonfarm employers Friday.

BEIJING (AP) — China has begun its most extensive lockdown in two years to conduct mass testing and control a growing outbreak in Shanghai. China’s largest city with 26 million people had handled previous outbreaks with limited lockdowns of housing compounds or workplaces. But the citywide lockdown that started Monday will be China’s biggest since

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares are mixed as worries about the pandemic, inflation and the war in Ukraine weigh on market sentiment. Benchmarks in Hong Kong and Sydney gained while Tokyo, Seoul and Shanghai declined. Adding to concern over the economic impact from the pandemic, Shanghai went into a

BEIJING (AP) — China began locking down most of its largest city of Shanghai on Monday as a coronavirus outbreak surges and amid questions about the economic toll of the nation’s “zero-COVID” strategy. Shanghai’s financial district and nearby areas will be locked down until Friday as citywide mass testing gets underway. In the second phase

By GEIR MOULSON Associated Press BERLIN (AP) — German Chancellor Olaf Scholz’s center-left Social Democrats have secured a big election win in a western state that their conservative rivals have led since 1999. Sunday’s election was the first ballot since Scholz’s national government took office in December. The result means that Social Democrat Anke Rehlinger

By GEIR MOULSON Associated Press BERLIN (AP) — Projects show that German Chancellor Olaf Scholz’s center-left Social Democrats are headed for a clear election win in a western state that their conservative rivals have led since 1999. Sunday’s election was the first test at the ballot box since Scholz’s national government took office in December.

LOS ANGELES (AP) — Thousands of central and Southern California grocery workers have voted to authorize their union to call a strike against several major supermarket chains. About 47,000 workers at more than 500 Ralphs, Albertsons, Vons and Pavilions stores started voting last week and the results were announced Sunday. No strike date was immediately