AP National Business

BERLIN (AP) — German Chancellor Olaf Scholz has asked former Chancellor Gerhard Schroeder to resign from his posts at Russian state-owned companies. Schroeder is a longtime friend of Russian President Vladimir Putin — a relationship that has led to much criticism in Germany, especially since Russia invaded Ukraine. Schroeder is chairman of the supervisory board

MOSCOW (AP) — Russia’s top independent radio station has been shut and a leading independent TV station has suspended its operations as Russian authorities stepped up efforts to stifle criticism of the country’s invasion of Ukraine. Ekho Moskvy (the Echo of Moscow), has been one of the most influential media outlets in Russia ever since

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks shifted between gains and losses Thursday and oil prices eased back as markets remain concerned about the broader impact of Russia’s invasion of Ukraine. The S&P 500 rose 0.1%, the Dow Jones Industrial Average rose 0.3% and Nasdaq fell 0.9%. Technology companies had broad

By HALELUYA HADERO AP Business Writer Amid the conflict triggered in Ukraine by the Russian invasion, many aid organizations are raising funds to help those impacted by the conflict. The United Nations estimates 12 million people in Ukraine and 4 million refugees could be in need of relief and protection in the coming months. Experts

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve Chair Jerome Powell warned that Russia’s invasion of Ukraine, which has already driven up oil prices, will likely further magnify the high inflation that has engulfed the U.S. economy. At the same time, Powell said he is committed to doing whatever it will take

DETROIT (AP) — Elon Musk is inviting the United Auto Workers union to hold an organizing vote at Tesla’s factory in Fremont, California. On Twitter Wednesday, Musk wrote that he invited the union to hold a vote at its convenience and that Tesla would do nothing to stop it. The UAW wouldn’t comment Thursday but

By GEOFF MULVIHILL and JOHN SEEWER Associated Press OxyContin maker Purdue Pharma has reached a nationwide settlement over its role in the opioid crisis. The deal reached Thursday would require members of the Sackler family who own the drugmaker to pay as much as $6 billion in cash. That’s at least $1 billion more than

By ALFIAN KARTONO Associated Press JAYAPURA, Indonesia (AP) — Attackers believed to be West Papua separatist rebels have killed eight technicians repairing a remote telecommunications tower in Indonesia’s restive Papua province. The military says the technicians were killed when more than a dozen gunmen stormed the tower while the workers were fixing its transceiver. The

By DAMIAN J. TROISE AP Business Writer Stocks turned mixed Thursday morning and oil prices eased back as markets let go of some of the jitters they’ve been having over Russia’s invasion of Ukraine. The S&P 500 gave up an early gain and edged down 0.1%, the Dow Jones Industrial Average rose 0.1% and Nasdaq

By KRISHAN FRANCIS Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s president has dismissed two more Cabinet ministers after they publicly criticized the government’s handling of the economy, which they said is causing severe hardships for people. President Gotabaya Rajapaksa office says he sacked the energy minister and industries minister. Both played key roles

NEW YORK (AP) — Stocks are opening higher on Wall Street and oil prices are easing back Thursday as markets let go of some of the jitters they’ve been having over Russia’s invasion of Ukraine. Major indexes added to their gains a day after Federal Reserve Chair Jerome Powell said he favored a modest interest

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — Europe is scrambling to reduce its natural gas dependence on Russia, and it won’t be easy. Governments are rolling out plans for new gas imports and pipelines. But that’s going to take time. For now, they’re rounding up more liquid gas that can come by

By DAMIAN J. TROISE AP Business Writer Consumers facing higher prices for products made with corn and wheat could be in for more pain as global supplies tighten because of Russia’s invasion of Ukraine. Wheat and corn prices have each jumped more than 20% so far this year, surpassing their gains for all of 2021.

AMSTERDAM (AP) — The European Medicines Agency said it has authorized Moderna’s coronavirus vaccine for children aged six to 11, in addition to recommending booster shots of Pfizer’s vaccine for those aged 12 and over. The decisions are aimed at providing further protection against COVID-19 for children across Europe. At a press briefing Thursday, the

By MATT OTT AP Business Writer WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week reflecting a low level of layoffs across the economy. Jobless claimes fell by 18,000 to 215,000 for the week ending February 26, from 233,000 the previous week, the Labor Department reported Thursday. The four-week average for claims, which

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — Europe is scrambling to reduce its natural gas dependence on Russia, and it won’t be easy. Governments are rolling out plans for new gas imports and pipelines. But that’s going to take time. For now, they’re rounding up more liquid gas that can come by