AP National Business

By SAMUEL PETREQUIN Associated Press BRUSSELS (AP) — The European Union has imposed sanctions on Chelsea soccer club owner Roman Abramovich as part of a new package of measures targeting Russia. The EU on Tuesday included the Russian oligarch in its updated list of individuals facing assets freeze and travel bans over their role in

By LARRY NEUMEISTER Associated Press NEW YORK (AP) — A Ukraine-born businessman has been sentenced to a year in prison for his conviction in a conspiracy that enabled a Russian tycoon to make donations to U.S. political candidates. Andrey Kukushkin was sentenced Tuesday by Judge J. Paul Oetken in Manhattan federal court. The judge said

SEATTLE (AP) — Amazon will spend more than $120 million to build affordable-housing units close to transit stations near Seattle and Washington, D.C. It’s the latest example of a tech company trying to address the affordable housing crisis critics say the industry has exacerbated. Amazon said Tuesday it is working with Sound Transit and the

By DAVID PITT Associated Press DES MOINES, Iowa (AP) — Nearly 7 million chickens and turkeys in 13 states have been killed this year due to avian influenza, prompting officials and farmers to acknowledge that, despite their best efforts, preventing infections is incredibly difficult. State and federal officials hope the disease won’t spread as extensively

By ZEKE MILLER and JOSH BOAK Associated Press WASHINGTON (AP) — President Joe Biden on Tuesday is set to sign a bill providing Ukraine with $13.6 billion in additional military and humanitarian aid as part of a $1.5 trillion measure funding the U.S. government for the year. But the White House is warning of dire

By The Associated Press Ireland’s privacy watchdog has fined Facebook’s parent company, Meta, 17 million euros, or about $19 million, for violating Europe’s privacy law. The regulator, the Data Protection Commission, has been investigating how Meta Platforms Inc. complied with the requirements of the law, known as General Data Protection Regulation, in how it handled

By KELVIN CHAN AP Business Writer LONDON (AP) — U.S. chipmaker Intel unveiled plans on Tuesday to invest up to $88 billion across Europe as part of an ambitious expansion aimed at evening out imbalances in the global semiconductor supply chain. CEO Pat Gelsinger said Intel was investing the money “along the entire semiconductor value

By STAN CHOE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Stocks closed higher on Wall Street Tuesday as inflation worries ebbed and oil prices slid. The S&P 500 gained 2.1% after a report showed inflation’s rapid acceleration paused at the wholesale level last month. The wilder action was in oil and Asian

By SYLVIA HUI Associated Press LONDON (AP) — British Prime Minister Boris Johnson is set to visit Saudi Arabia for talks on oil supplies. No exact timing has been announced yet. Johnson stressed again that the West must end its “addiction” to Russian energy. A Foreign Office official said Tuesday that Johnson will also use

By TOM KRISHER AP Auto Writer DETROIT (AP) — First came the beeping alarms and the dashboard lights warning that something had gone haywire. Then the driver’s side windows suddenly and mysteriously rolled down. Kendall Heiman’s Volkswagen SUV then pulled the scariest stunt of all: It abruptly braked for no reason. Heiman, a clinical social

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks are ticking higher on Wall Street Tuesday as inflation worries ebb a bit and oil prices slide. The S&P 500 was 0.7% higher in early trading after a report showed inflation’s rapid acceleration took a pause at the wholesale level last month. The wilder

By KRISTEN GRIFFITH of The Chronicle of Philanthropy Chronicle of Philanthropy Maryland Volunteer Lawyers Service, Community Legal Services of Philadelphia, and other nonprofit groups in cities with high percentages of low-income homeowners have helped thousands at risk of losing their homes due to unpaid property taxes. Legal nonprofits help homeowners by providing free legal assistance,

By LLAZAR SEMINI Associated Press TIRANA, Albania (AP) — The European Union’s foreign policy chief has said the bloc would support the Western Balkan countries to overcome the economic crisis caused by Russia’s war on Ukraine. EU official Josep Borrell was in Tirana, the Albanian capital, on Tuesday in the second stop of his regional

By PAUL WISEMAN AP Economics Writer Wholesale inflation in the United States shot up 10% last month from a year earlier — another sign that inflationary pressures remain intense at all levels of the economy. The Labor Department said Tuesday that its producer price index — which tracks inflation before it hits consumers — rose

Wall Street pointed toward gains in premarket trading Tuesday after world share prices sunk lower, with Hong Kong down almost 6% and Shanghai losing 5% as virus lockdowns and rising numbers of COVID cases in China threaten to disrupt manufacturing and trade. Prices for oil and other commodities slid further Tuesday as Russian forces pounded

By DAVID KOENIG AP Airlines Writer DALLAS (AP) — The airline industry is raising the stakes in a fight over mandatory rest breaks under California law. A study commissioned by an airline trade group and released Tuesday warns that unless the U.S. Supreme Court acts, travelers will face fewer flight options and higher fares. The

By LAUREN SCHWAHN of NerdWallet The ways we save, spend, borrow and even think about money shape our financial habits. Sometimes, we develop habits that can threaten our financial health. But the sooner we recognize harmful money behaviors, the sooner we can begin to correct them. So what exactly can you do to identify your

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Myanmar’s military-led administration has agreed to accept Thai baht as an official currency in border trade dealings and plans a similar arrangement for use of India’s rupee. The State Administrative Council said Tuesday that Myanmar already began allowing use of the Chinese yuan for direct currency

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — World share prices have fallen, with Hong Kong down almost 6% and Shanghai sinking 5% as upbeat economic data failed to dispel gloom over rising virus cases in China. Prices for oil and other commodities slid further Tuesday as Russian forces pounded the Ukraine capital ahead