AP National Business

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks remained near all-time highs on Wall Street Wednesday after the Federal Reserve announced plans to begin reducing the extraordinary aid for the economy it has been providing since the early days of the pandemic. The Fed said it will begin gradually reducing its $120

By JILL LAWLESS Associated Press LONDON (AP) — A British-registered scallop boat caught up in a spat between the U.K. and France over fishing licences has been released by French authorities. Owner Macduff Shellfish said Wednesday that the scallop dredger had set sail from Le Havre in northern France. French maritime police seized the Cornelis

By VLADIMIR ISACHENKOV Associated Press MOSCOW (AP) — Russian President Vladimir Putin has urged the country’s arms makers to develop even more advanced hypersonic missiles and lasers to maintain the country’s edge in military technologies. Speaking during a meeting with officials Wednesday, Putin hailed the new weapons, such as the Avangard and Kinzhal hypersonic weapons

By CHRISTOPHER RUGABER AP Economics Reporter WASHINGTON (AP) — The Federal Reserve will begin dialing back the extraordinary economic aid it’s provided since the pandemic erupted last year, a response to high inflation that now looks likely to persist longer than it did just a few months ago. In a statement after its latest policy

By ALAN FRAM Associated Press WASHINGTON (AP) — Democrats have differing explanations about why their gubernatorial candidates lost in blue-leaning Virginia and were deadlocked in heavily Democratic New Jersey. But they’re trying to figure out why the political terrain shifted against them and what it means for their congressional agenda. Party leaders in Congress moved

By MATT O’BRIEN AP Technology Writer An Australian privacy authority has ordered facial recognition company Clearview AI to stop scanning the faces of Australians and destroy the images and related data it has already collected. It’s the latest challenge for the New York startup that has angered privacy advocates around the world over its practice

By VANESSA GERA Associated Press WARSAW, Poland (AP) — Poland’s central bank has made its second interest rate hike in as many months as consumer prices surge. The National Bank of Poland raised the rate Wednesday to 1.25%. The move indicates the central bank intends to move more forcefully against rising prices after facing criticism

By ALAN SUDERMAN Associated Press RICHMOND, Va. (AP) — The Biden administration has announced it is putting new export limits on Israel’s NSO Group, the world’s most infamous hacker-for-hire company, saying its tools have been used to “conduct transnational repression.” The U.S. Commerce Department said Wednesday that NSO Group and three other firms are being

SAN DIEGO (AP) — After nearly a decade of planning, work has started at San Diego International Airport on a $3.4 billion project that will eventually replace the 1960s-era Terminal 1 and build a new airport access road. The San Diego Union-Tribune reports the project got underway this week after the Federal Aviation Administration approved

By TOM MURPHY AP Health Writer CVS Health and Wall Street share the same view of the drugstore chain’s growth potential as COVID-19’s impact on the company begins to ease. Chief Financial Officer Shawn Guertin says average analyst expectations for 2022 earnings of $8.20 per share fit within CVS Health’s expected initial forecast for the

By ALAN SUDERMAN Associated Press RICHMOND, Va. (AP) — The Biden administration is putting new export limits on two Israeli hacker-for-hire companies — including the well-known spyware company NSO Group — saying their tools have been used to “conduct transnational repression.” Findings by a global media consortium earlier this year provided evidence that the spyware

By PAN PYLAS Associated Press LONDON (AP) — British homeowners and borrowers are bracing for a possible interest rate increase from the Bank of England. If the central bank makes that move Thursday, it would be the first by the world’s leading industrial nations since the onset of the coronavirus pandemic. Financial markets think the

By DAMIAN J. TROISE AP Business Writer Stocks wobbled on Wall Street as investors look over another big batch of earnings reports from U.S. companies. They’re also looking ahead to an announcement later Wednesday from the Federal Reserve, which is expected to give its outlook on inflation and the economy and also detail how it

By MATT OTT AP Business Writer SILVER SPRING, Md. (AP) — The rate of expansion in the U.S. services sector, where most Americans work, hit a record high in October as demand remained strong even as supply chain problems persisted. The Institute for Supply Management reported Wednesday that its monthly survey of service industries —

By JUSTIN SPIKE Associated Press BUDAPEST, Hungary (AP) — South Korean President Moon Jae-in has met with Hungary’s president in Budapest, where the two leaders committed to achieving carbon neutrality in their countries by 2050. At a news briefing following talks with Hungarian President Janos Ader, Moon said bilateral trade between Hungary and South Korea

By CHALIDA EKVITTHAYAVECHNUKUL Associated Press BANGKOK (AP) — Police in Thailand have announced the arrest of the head of a company suspected of cheating overseas buyers of millions of dollars paid for undelivered medical rubber gloves during the coronavirus pandemic. Thai authorities have been cracking down on a surge in rubber glove fraud, including the

The Associated Press Stocks are opening slightly lower on Wall Street as investors look over another big batch of earnings reports from U.S. companies, which contained some disappointments. They’re also looking ahead to an announcement later Wednesday from the Federal Reserve, which is expected to give its outlook on inflation and the economy and also

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — The U.S. Treasury Department plans to start scaling back the size of some of its government debt auctions, a sign that the government’s huge pandemic-driven borrowing needs are starting to ease. The government began selling debt at accelerated levels to fund the trillion-dollar-plus support bills Congress

By PAN PYLAS Associated Press LONDON (AP) — British homeowners and borrowers are bracing themselves for an interest rate increase from the Bank of England on Thursday, which would be the first in a Group of Seven industrial nation since the onset of the coronavirus pandemic. Financial markets think the central bank is more likely

By FRANK JORDANS and DANICA KIRKA Associated Press GLASGOW, Scotland (AP) — Governments and big investors have announced fresh plans to pour trillions of dollars into curbing global warming. The move reflects the financial world’s growing embrace of efforts to fight climate change as both a business necessity and opportunity. A group representing over 450