AP National Business

By AYA BATRAWY Associated Press DUBAI, United Arab Emirates (AP) — Saudi Arabia’s oil company Aramco reached a $2 trillion valuation as it hit near record levels during trading hours. Its market cap value puts Aramco just behind Microsoft and Apple as the world’s most valuable company. It comes as crude oil prices climb to

LONDON (AP) — Facebook blamed a error during routine maintenance for causing a massive global outage that took down its services for hours. In an update late Tuesday, the company provided more details about the outage that left millions of Facebook, Instagram and WhatsApp users in the dark. The problem occurred as engineers were carrying

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Global shares have slipped in cautious trading despite a rally on Wall Street led by technology companies and banks that erased most of the losses from a sell-off the day before.  Benchmarks fell in early trading in Europe, while shares finished lower in Japan, South Korea,

By LORNE COOK Associated Press BRUSSELS (AP) — The European Union is urging member countries to provide relief funds to consumers and small businesses hit hardest by rising gas and electricity prices. The suggestion comes amid criticism that the bloc’s climate change fighting policies are fueling the problem. Energy Commissioner Kadri Simson said Wednesday that

By COLLIN BINKLEY AP Education Writer The Biden administration is temporarily relaxing the rules for a student loan forgiveness program that has been criticized for its notoriously complex requirements. The change could offer debt relief to thousands of teachers, social workers, military members and other public servants. The Education Department said Wednesday it will drop

By GEIR MOULSON Associated Press BERLIN (AP) — The two parties that emerged as likely kingmakers from Germany’s election last month say they will hold talks on a possible new government under the leadership of outgoing center-left Social Democrats. If ultimately successful the negotiations would send outgoing Chancellor Angela Merkel’s center-right Union bloc into opposition

BERLIN (AP) — German police have carried out large-scale raids in 25 cities in connection with a suspected money-laundering network alleged to have funneled more than $162 million in ill-gotten gains abroad. Some of the money made its way to Islamic militant groups. Duesseldorf police said Wednesday’s raids involved more than 1,000 officers and took

By JILL LAWLESS Associated Press MANCHESTER, England (AP) — Britain is experiencing empty gas pumps, worker shortages and unavailable items on store shelves. But Prime Minister Boris Johnson has played to an adoring crowd during his Conservative Party’s annual conference. Johnson ends the four-day conference Wednesday with a speech promising that Britain will emerge from

BERLIN (AP) — Police are carrying out large-scale raids in three German states in connection with a suspected money-laundering network that reportedly funneled millions to Turkey and Syria. Duesseldorf police said the raids that began early Wednesday involved over 1,000 officers in three western and northern states. Police say the activity is part of an

By ANDREW SELIGMAN AP Sports Writer CHICAGO (AP) — The Chicago White Sox have a rare opportunity to capture the spotlight and expand their fan base in a city in which they’re often overshadowed by their neighbors a few miles north. They’re in the playoffs for the second year in a row, a first for

LOS ANGELES (AP) — Los Angeles leaders are poised to enact one of the nation’s strictest vaccine mandates — a sweeping measure that would require the shots for everyone entering a bar, restaurant, nail salon, gym or even a Lakers game. The City Council on Wednesday is scheduled to consider the proposal and most members

By HAVEN DALEY BENICIA, Calif. (AP) — Some residents in the drought-parched U.S. West are turning to pricey machines that developers say can produce hundreds of gallons of water a day, literally out of thin air. The air-to-water systems work like an air conditioner by using coils to chill air, then collecting drops in a

By STEFANIE DAZIO, MATTHEW BROWN and BRIAN MELLEY LONG BEACH, Calif. (AP) — Federal investigators say a ship’s anchor may have hooked, dragged and torn a massive underwater pipeline that spilled tens of thousands of gallons of crude oil into the water off Southern California. They also say the pipeline owner didn’t quickly shut down

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — An Australian government minister says a review of defamation laws will likely examine whether platforms such as Facebook should be liable for users’ defamatory posts. The High Court made a landmark ruling last month that media outlets are “publishers” of allegedly defamatory comments posted by third

By MICHAEL R. BLOOD Associated Press LOS ANGELES (AP) — A probe is continuing into what caused an offshore pipeline break that spilled tens of thousands of gallons of crude oil off Southern California. One possibility is that an anchor on a cargo ship snagged the pipe, dragged it and eventually cracked it open. Federal

By CALVIN WOODWARD Associated Press WASHINGTON (AP) — It would be the token of all tokens: a $1 trillion coin, minted by the U.S. government, then cashed in to flood the treasury with cash and solve a political impasse over suspending the debt limit. The idea is getting some attention in Washington as an Oct.

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares have slipped in cautious trading despite a rally on Wall Street led by technology companies and banks that erased most of the losses from a sell-off the day before.   Benchmarks fell in Japan, South Korea, Australia and Hong Kong. Shanghai trading was closed

By PHILIP MARCELO Associated Press NEWTON, Mass. (AP) — A Rwandan woman who was orphaned during her country’s genocide and lost part of her leg to childhood cancer has been fitted with a new prosthetic leg. Claudine Humure travelled from the African nation to Massachusetts for a final fitting at Next Step Bionics and Prosthetics

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Australia’s highest court has overturned a ruling of a family court judge who did not declare he had coffee chats with a lawyer involved in the case. Five High Court judges unanimously agreed the ruling should be set aside because of perceived bias. The ruling also