AP National Business

By MATTHEW LEE AP Diplomatic Writer PARIS (AP) — U.S. Secretary of State Antony Blinken is calling on the world’s most developed countries to take on and counter widening gaps between the rich and poor. He told the Organization for Economic Cooperation and Development in Paris on Tuesday that the coronavirus and climate change have

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Stocks rose in morning trading on Wall Street Tuesday as the technology sector reversed direction after a sell-off a day earlier. The S&P 500 rose 0.9%, with technology and communications companies leading the gains. The Dow Jones Industrial Average rose 0.8% and the Nasdaq

By MATT OTT AP Business Writer SILVER SPRING, Md. (AP) — The U.S. services sector, where most Americans work, grew again in September even as supply chain troubles persisted. The Institute for Supply Management reported Tuesday that its monthly survey of service industries rose to a reading of 61.9, following August’s reading of 61.7. The

By ARITZ PARRA Associated Press MADRID (AP) — Spain’s left-wing ruling coalition says it wants to rein in soaring housing costs by imposing rent increase caps on landlords who own 10 or more residential properties. Government ministers approved draft rent control legislation during a weekly Cabinet meeting on Tuesday. The government says vulnerable families and

DETROIT (AP) — Volvo is recalling nearly 260,000 older cars in the U.S. because the front driver’s air bag can explode and send shrapnel into the cabin. The recall is in addition to one from November of 2020, which was done after an unidentified U.S. driver was killed. The latest recall covers S80 sedans from

Car rental company Hertz has named industry veteran Mark Fields as its interim CEO. Fields, the former president and CEO of Ford Motor Co., joined Hertz’s board in June. He takes over the top post at Hertz from Paul Stone, who will now serve as the company’s president and chief operations officer. Hertz filed for

NEW YORK (AP) — Officials have announced that New York City’s public libraries will no longer charge late fees and will waive existing fines for overdue books and other materials. Late fees had already been suspended since March 2020 because of the coronavirus pandemic. The new policy covers the New York Public Library, the Brooklyn

Associated Press NEW YORK (AP) — Stocks are ticking higher as Wall Street looks to bounce back from losses a day earlier. The S&P 500 rose 0.4% early Tuesday. Tech companies showed gains after sharp declines on Monday. The yield on the 10-year Treasury note edged up to 1.50% from 1.49%. Energy prices are rising

By NICOLE WINFIELD Associated Press VATICAN CITY (AP) — A prosecutor for the Vatican has offered Tuesday to essentially restart his fraud and corruption investigation into the Holy See’s 350 million-euro investment in a London property to remedy procedural problems. Prosecutor Alessandro Diddi on Tuesday made the surprise offer to take back all the evidence

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — The head of the International Monetary Fund says the agency is trimming its forecast for global growth this year. IMF Managing Director Kristalina Georgieva on Tuesday cited rising risks of inflation, debt and a divergence in growth prospects between nations with access to the coronavirus vaccines

By STAN CHOE NEW YORK (AP) — It’s one of the downsides of apps that make things like ordering food or buying stocks and cryptocurrencies easier: What happens when something goes wrong? It’s often a frustrating chase, tapping through menu after menu in hopes of reaching a person to fix the problem. It’s also something

BERLIN (AP) — A major shipping industry group says its members will aim for “net-zero” carbon emissions by 2050. The current target set by the United Nations’ maritime agency is to reduce emissions from international shipping by 50% by 2050. The International Chamber of Shipping said Tuesday that it has submitted a proposal to the

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — The U.S. trade deficit increased to a record $73.3 billion in August as a small gain in exports was swamped by a much larger increase in imports. The Commerce Department reported Tuesday that the monthly trade deficit increased 4.2% in August, rising to an all-time high,

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — U.S. Treasury Secretary Janet Yellen said Oct. 18 remains the date she is likely to run out of resources to stave off an unprecedented default on the nation’s debt without congressional action to raise the debt limit. She rejected the idea of minting a $1 trillion

By TOM KRISHER AP Auto Writer WARREN, Mich. (AP) — General Motors says it’s building a huge new electric vehicle battery lab in Michigan. There scientists will work on chemistry to cut costs 60% over current vehicles and allow people to travel 500 to 600 miles per charge. Structural steel already is in place for

By DANICA KIRKA and MATTHEW PERRONE Associated Press LONDON (AP) — Anglo-Swedish drugmaker AstraZeneca has asked the U.S. Food and Drug Administration to authorize the emergency use of an antibody treatment to prevent COVID-19. The company said Tuesday that the treatment would be the first long-acting antibody combination to receive an emergency use authorization for

WASHINGTON (AP) — In a story published October 4, 2021, about a trove of leaked financial data, a photo caption erroneously identified Pakistan Prime Minister Imran Khan as one of 330 current and former politicians who reportedly benefitted from secret accounts. The report identified Khan’s associates as beneficiaries, but not Khan himself. 

By MATTHEW LEE AP Diplomatic Writer PARIS (AP) — French President Emmanuel Macron and U.S. Secretary of State Antony Blinken have met to explore potential cooperation in the Indo-Pacific and other areas. Tuesday’s roughly 40-minute one-on-one meeting comes as the U.S. moves to repair damage to relations with France caused by the Biden administration’s exclusion

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BRUSSELS (AP) — The European Union has removed Anguilla, Dominica and Seychelles from its tax haven blacklist. EU finance ministers took the move Tuesday amid an uproar over the Pandora Papers revelations about the financial activities of the global elite. Anguilla, Dominica and Seychelles were placed on the list because they didn’t meet the EU’s