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AP National Business

Vatican judge tosses defense motions as fraud trial advances

By NICOLE WINFIELD Associated Press VATICAN CITY (AP) — A Vatican tribunal has resoundingly rejected defense motions to dismiss a landmark financial fraud case. The case involves the Holy See’s bungled 350 million-euro ($390 million) real estate investment in a London property. Judge Giuseppe Pignatone on Tuesday read aloud his rejection of two-dozen defense arguments

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Target navigates tricky holiday season, posts strong outlook

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Target pushed through headwinds — from inflation to congested ports — to deliver solid results for the three-month period that included the crucial holiday shopping season. The Minneapolis-based discount retailer reported Tuesday that its fiscal fourth-quarter profits rose nearly 12%, while sales increased 9.4%. Target

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China manufacturing grows weakly in February

BEIJING (AP) — Two surveys show Chinese manufacturing grew weakly in February, hampered by supply disruptions, anti-virus controls and lackluster global demand. A purchasing managers’ index issued by a Chinese business magazine, Caixin, improved to 50.4 from January’s 49.1 on a 100-point scale on which numbers above 50 show activity increasing. A separate PMI issued

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Traffic jams back in Philippine capital as restrictions ease

MANILA, Philippines (AP) — Traffic jams and outdoor crowds are back in the Philippine capital and 38 other cities and provinces. Officials allowed businesses and public transport, including shopping malls, movie houses and restaurants, to operate at full capacity as COVID-19 cases continued to drop with more vaccinations. Authorities placed metropolitan Manila and 38 other

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