AP National Business

By DANICA KIRKA Associated Press LONDON (AP) — The head of the Mercedes-AMG Petronas Formula One racing team has apologized for the way the team announced its partnership with a company involved in a London high-rise where a fire killed 72 people. The team announced a sponsorship deal this week allowing building products maker Kingspan

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — America’s unemployment rate tumbled last month to its lowest point since the pandemic struck, even as employers appeared to slow their hiring — a mixed picture that pointed to a resilient economy that’s putting more people to work. The government reported Friday that private businesses and

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks are churning lower on Wall Street Friday after a mixed reading on U.S. jobs led to zig-zag trading, the latest abrupt U-turns for markets following an already dizzying week. The S&P 500 fell 1% in morning trading after giving up an early gain of

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Growth in the services sector, where most Americans work, hit an all-time high in November, surpassing the previous record set in October. The Institute for Supply Management reported Friday that its monthly survey of service industries increased by 2.4 percentage points in November from October record

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — The Biden administration will not designate any country as a currency manipulator, but it did name China, Vietnam and Taiwan among the nations that have failed to live up to global agreements not to use their currencies to gain unfair trade advantages. In a report to

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks are churning in mixed trading on Wall Street Friday following a tough-to-parse report on U.S. jobs, as markets continue to swirl at the tail end of a dizzying week. The S&P 500 was 0.1% lower after an early 0.7% gain quickly vanished. It’s coming

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Stocks are moving tentatively higher in early trading on Wall Street Friday as traders struggle to parse data from a report on the U.S. job market. The S&P 500 was up 0.3% in the early going, capping a volatile week of trading during which markets absorbed

DETROIT (AP) — Honda is recalling nearly 725,000 SUVs and pickup trucks because the hoods can open while the vehicles are moving. The recall covers certain 2019 Passports, 2016 through 2019 Pilots and 2017 through 2020 Ridgeline pickups. Honda says in documents posted Friday by U.S. safety regulators that the hood latch striker can become

By KRISHAN FRANCIS Associated Press COLOMBO, Sri Lanka (AP) — A U.N expert says contemporary forms of slavery exist in Sri Lanka, with vulnerable groups such as children, women, ethnic minorities and older people particularly affected. The U.N special rapporteur on contemporary forms of slavery, Tomoyo Obokata, said at the end of a mission to

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — America’s employers slowed the pace of their hiring in November, adding a still-solid 210,000 jobs, the fewest in nearly a year. Friday’s report from the Labor Department also showed that the unemployment rate fell sharply to 4.2% from 4.6%. That is a historically low level though

By BARBARA SURK and JON GAMBRELL Associated Press DUBAI, United Arab Emirates (AP) — France has announced multibillion-euro deals to sell fighter planes and combat helicopters to the United Arab Emirates. The contracts announced Friday aim to boost military cooperation with its top ally in the Persian Gulf amid their shared concerns about Iran. France

BERLIN (AP) — Austrian Interior Minister Karl Nehammer says he will be the acting leader of the conservative People’s Party and will seek to become Austria’s next chancellor. The current chancellor, Alexander Schallenberg, said Thursday that he would step down to make way for someone to take over as both the head of government and

By BARBARA SURK Associated Press NICE, France (AP) — France says the United Arab Emirates has purchased 80 French-made Rafale warplanes for 16 billion euros. There was no immediate confirmation of the deal from Emirati officials. The French Defense Ministry described the deal as France’s largest-ever weapons contract for export. French President Emmanuel Macron is

By DANICA KIRKA Associated Press LONDON (AP) — Royal Dutch Shell has pulled out of a controversial oil project off Scotland’s Shetland Islands, saying the project no longer makes economic sense for the company. Shell had a 30% stake in the Cambo project, which is opposed by environmental groups who say Britain should stop developing

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Stocks are mostly higher in Europe and Asia after a broad rally on Wall Street as investors keep an eye on the spread of the new coronavirus variant and measures governments are taking to restrain it. Markets are watching for U.S. employment and other data due

BEIJING (AP) — A Chinese real estate developer has warned it might not be able to pay a $400 million bond due next week, adding to financial strain in an industry that is struggling to avoid defaults on billions of dollars of debt. Kaisa Group Holdings Ltd., headquartered in Hong Kong, said an attempt to

By SUZAN FRASER Associated Press ANKARA, Turkey (AP) — Turkey’s beleaguered currency has been plunging to all-time lows against the U.S. dollar and the euro in recent months as President Recep Tayyip Erdogan presses ahead with a widely criticized effort to cut interest rates despite surging consumer prices. As a result, families are struggling to