AP National Business

By DEE-ANN DURBIN Starbucks is pulling out of the Russian market. In a memo to employees Monday, the Seattle coffee giant said it decided to close its 130 stores and no longer have a brand presence in Russia. Starbucks said it will continue to pay its nearly 2,000 Russian employees for six months and help

By ALEX VEIGA AP Business Writer LOS ANGELES (AP) — Nick Bailey, president and CEO of real estate brokerage Re/Max, talks to The Associated Press about the impact of rising mortgage rates on the slowing U.S. housing market, as borrowing costs strain many would-be buyers’ budgets.

By DEE-ANN DURBIN Starbucks is pulling out of the Russian market. In a memo to employees Monday, the Seattle coffee giant said it decided to close its 130 stores and no longer have a brand presence in Russia. Starbucks said it will continue to pay its nearly 2,000 Russian employees for six months and help

By JAMEY KEATEN Associated Press DAVOS, Switzerland (AP) — A veteran Russian diplomat to the U.N. Office at Geneva says he handed in his resignation before sending out a scathing letter to foreign colleagues inveighing against the “aggressive war unleashed” by President Vladimir Putin in Ukraine. The 41-year-old Boris Bondarev confirmed his resignation in a

NEW YORK (AP) — Police searching for an unidentified man who shot and killed another passenger on a moving New York City subway train are asking for the public’s help. Police Commissioner Keechant Sewell on Monday posted surveillance camera photographs of the unidentified suspect, a burly man in a hoodie. The shooter fled after the

Associated Press NEW YORK (AP) — Wall Street pointed toward gains before markets opened Monday after dipping close to the edge of a bear market to close the week Friday. Futures for the Dow Jones Industrials rose 1% and the S&P 500 climbed 1.1% in premarket trading. Benchmarks rose in Frankfurt, London and Tokyo and

BRUSSELS (AP) — The European Union is extending looser limits on spending by member countries for an extra year in a bid to counter the economic fallout from Russia’s war in Ukraine. The European Commission recommended Monday that the EU’s regular rules on national budget discipline be suspended through 2023. The 27-nation bloc’s executive arm

By LIZ WESTON of NerdWallet Yard sales take hours of preparation and plenty of hard work. But they don’t all make money. If you’re looking to declutter your home and bring in some cash, consider these tips. First, decide whether a yard sale is the right method to meet your goals. If so, invite friends

By SYLVIA HUI and JILL LAWLESS Associated Press LONDON (AP) — British Prime Minister Boris Johnson has been shadowed by career-threatening scandal for months — but so far has escaped unscathed. This week he faces one more threat to his political future: a comprehensive report into lockdown-breaching parties in government offices that is expected to

By LAURAN NEERGAARD AP Medical Writer Pfizer says three small doses of its COVID-19 vaccine protect kids under 5. The company released preliminary results on Monday and said it plans to give the data to U.S. regulators later this week. It’s the latest step toward letting the littlest kids get the shots. The 18 million

MADRID (AP) — A senior Spanish government official has rebuked Spain’s former king, saying Juan Carlos I should have used his first trip home from exile to clear the air over investigations into his financial affairs. Government spokeswoman Isabel Rodríguez said the ex-monarch “missed an opportunity” to “provide explanations and ask for forgiveness.” Juan Carlos’s

By ELENA BECATOROS, OLEKSANDR STASHEVSKYI and RICARDO MAZALAN Associated Press KYIV, Ukraine (AP) — A Russian soldier who pleaded guilty to killing a Ukrainian civilian was sentenced to life in prison. The sentencing Monday comes amid signs the Kremlin may hold trials of its own, particularly against the captured Ukrainian fighters who held out at

By JAMEY KEATEN Associated Press DAVOS, Switzerland (AP) — Ukrainian President Volodymyr Zelenskyy called for “maximum” sanctions against Russia during a virtual speech Monday to corporate executives, government officials and other elites on the first day of the World Economic Forum gathering in Davos. He said sanctions need to go further to stop Russia’s aggression,

By ELENA BECATOROS, OLEKSANDR STASHEVSKYI and RICARDO MAZALAN Associated Press KYIV, Ukraine (AP) — Russian forces have stepped up shelling in Ukraine’s eastern industrial heartland as they press their offensive in the region that is now the focus of fighting in the 3-month-old war. Meanwhile, a Ukrainian court is expected to sentence a Russian soldier

By ELAINE KURTENBACH AP Business Writer World shares were mixed in cautious trading Monday after Wall Street dipped once again to the edge of a bear market. Benchmarks rose in Frankfurt, London and Tokyo and fell in Paris and Hong Kong. U.S. futures and oil prices rose. Investors were awaiting minutes from the latest policy

By DAVID RISING Associated Press BANGKOK (AP) — The United States and four other nations emphasized their support for host nation Thailand after they walked out of an Asia-Pacific Economic Cooperation group meeting in Bangkok. They said their protest was aimed solely at Russia over its Ukraine invasion. U.S. Trade Representative Katherine Tai and delegates

By JAMEY KEATEN Associated Press DAVOS, Switzerland (AP) — A virtual keynote speech by Ukrainian President Volodymyr Zelenskyy will be a focus of the first day of the World Economic Forum gathering of corporate executives, government officials and other VIPs. The event has kicked off Monday in Davos, Switzerland. The village in the Swiss Alps

By JOSH BOAK and AAMER MADHANI Associated Press TOKYO (AP) — President Joe Biden launched a new trade deal with 12 Indo-Pacific nations Monday aimed at strengthening their economies as he warned Americans worried about high inflation that it is “going to be a haul” before they feel relief. The president said he does not

By KRISHAN FRANCIS Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka received a first shipment of a $16 million humanitarian aid package from neighboring India to help mitigate severe shortages caused by the country’s worst economic crisis in recent memory. The goods worth $5.6 million include rice, milk power and essential medicines. It was