AP National Business

By KELVIN CHAN AP Business Writer LONDON (AP) — Customers are caught in the middle of a growing dispute between Amazon and Visa over transaction fees. The online retail giant moved this week to stop shoppers from using Visa credit cards issued in the United Kingdom starting next year. It’s the latest salvo in a

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Department store chains Macy’s and Kohl’s delivered strong results for the fiscal third quarter as shoppers go back to buying dresses and other goods that fell to the bottom of the shopping list when the pandemic struck. Macy’s and Kohl’s swung to a quarterly profit

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Major stock indexes are opening mixed on Wall Street Thursday amid a raft of corporate earnings and news that jobless claims have fallen to a new pandemic low. The S&P 500 is up 0.2% in early trading, the Dow Jones Industrial Average is down 0.1% and

By SAMUEL PETREQUIN Associated Press BRUSSELS (AP) — The European Commission says it could approve aid to fund production of semiconductors in the 27-nation bloc amid a global chip shortage. Most chipmakers are based in Asia, and the bloc wants to reduce its dependence on chips manufactured abroad by developing production on its soil. The

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell for the seventh straight week to a pandemic low 268,000. U.S. jobless claims dipped by 1,000 last week from the week before, the Labor Department reported Thursday. The applications for unemployment aid are a proxy for layoffs,

By ADAM BEAM and MICHAEL CASEY Associated Press SACRAMENTO, Calif. (AP) — After being victimized by massive unemployment fraud, housing officials in California and other states are reporting few fraudulent applications in their rental assistance programs. The federal government has poured trillions of dollars into states during the pandemic. For unemployment benefits, states saw massive

ANKARA, Turkey (AP) — Turkey’s Central Bank has cut interest rates by 1 percentage point a day after President Recep Tayyip Erdogan spoke out against high borrowing rates. The lira dropped to a new record low of 11.07 against the dollar following Thursday’s announcement, continuing a long run of losses. The rate cut comes despite

By PAN PYLAS Associated Press LONDON (AP) — The British government has came under fire for scrapping a long-planned high-speed rail line to the northern English city of Leeds as part of a package of revisions that potentially reduces costs by tens of billions of pounds. Critics argue that the scaling back of plans will

By TOM MURPHY AP Health Writer The U.S. government will pay drugmaker Pfizer $5.29 billion for 10 million treatment courses of its potential COVID-19 treatment if regulators authorize it. Pfizer asked U.S. regulators on Tuesday to authorize emergency use of its experimental pill, which has been shown to significantly cut the rate of hospitalizations and

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Macy’s swung to a profit in the third quarter and sales surged 36% as shoppers begin to buy dresses, luggage and other goods that fell to the bottom of the shopping list last year when the pandemic struck. Macy’s joins a slew of other retailers

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Macy’s swung to a profit in the third quarter and sales surged 36% as shoppers begin to buy dresses, luggage and other goods that fell to the bottom of the shopping list last year when the pandemic struck. Macy’s joins a slew of other retailers

The Associated Press NEW YORK (AP) — The U.S. government will pay drugmaker Pfizer $5.29 billion for 10 million treatment courses of its potential COVID-19 treatment if regulators approve it. Pfizer asked U.S. regulators on Tuesday to authorize the experimental pill, which has been shown to significantly cut the rate of hospitalizations and deaths among

BERLIN (AP) — Berlin-based online bank N26 is shuttering its business in the United States after two years and focusing its expansion efforts on Eastern Europe. N26 said on Thursday that it would wind down its business in North America by Jan. 11. It said that “as far as possible, the company will help all

ANKARA, Turkey (AP) — Turkey’s Central Bank has cut interest rates by 1 percentage point a day after President Recep Tayyip Erdogan spoke out against high borrowing rates. It comes despite soaring consumer prices that have pinched families and businesses. The Central Bank’s monetary committee announced Thursday that it was reducing the policy rate to