AP National Business

By ELAINE KURTENBACH AP Business Writer Shares were mostly higher in Asia in cautious trading Monday after Wall Street dipped once again to the edge of a bear market. Tokyo and Sydney gained Monday while Hong Kong declined. Shanghai was little changed and U.S. futures were 1% higher. Investors were awaiting minutes from the latest

By The Associated Press When Vladimir Putin announced the invasion of Ukraine, war seemed far away from Russian territory. Yet within days the conflict came home — not with cruise missiles and mortars but in the form of unprecedented and unexpectedly extensive volleys of sanctions by Western governments and economic punishment by corporations. Three months

By JOSH BOAK and AAMER MADHANI Associated Press TOKYO (AP) — President Joe Biden promised “concrete benefits” would emerge from a new Indo-Pacific trade framework he’s launching Monday even as he warned Americans worried about high inflation that it was “going to be a haul” before they feel relief. He said he does not believe

By GEIR MOULSON Associated Press BERLIN (AP) — Gerhard Schroeder left the German chancellery after a narrow election defeat in 2005 with every chance of a future as a respected elder statesman. His ambitious overhaul of the country’s welfare state was just beginning to kick in and he had won plaudits among voters for opposing

By JOSH BOAK and AAMER MADHANI Associated Press TOKYO (AP) — President Joe Biden says he does not believe a economic recession in the U.S. is inevitable despite record high inflation and supply shortages partly caused by Russia’s invasion of Ukraine. Speaking at a news conference Monday in Tokyo, Biden acknowledged that the American economy

The Associated Press The Commerce Department issues its April tally of new U.S. home sales Tuesday. The Federal Reserve releases minutes from its recent policymakers’ meeting Wednesday. Macy’s reports quarterly results Thursday.

By ELENA BECATOROS, OLEKSANDR STASHEVSKYI and RICARDO MAZALAN Associated Press KYIV, Ukraine (AP) — Ukrainians were digging in to defend the eastern city of Sievierodonetsk as it endured heavy bombardment from Russian forces trying to take the industrial area known as the Donbas. In Tokyo on Monday, President Joe Biden and Japanese Prime Minister Fumio

BEIJING (AP) — Beijing has extended orders for workers and students to stay home and ordered additional mass testing as cases of COVID-19 again rise in the city. Numerous residential compounds have restricted movement in and out, although conditions remain far less severe than in Shanghai, where millions of citizens have been under varying degrees

By ELAINE KURTENBACH AP Business Writer Shares are mixed in Asia in cautious trading after Wall Street rumbled to the edge of a bear market on Friday. Tokyo and Sydney were higher Monday while Hong Kong and Shanghai declined. Investors were awaiting minutes from the latest policy setting meeting of the Federal Reserve and updates

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Australia’s new prime minister was sworn in Monday and flew to Tokyo for a summit with President Joe Biden while vote counting continued to determine whether he will control a majority in a Parliament that is demanding tougher action on climate change. Prime Minister Anthony Albanese’s

By JOSH BOAK and AAMER MADHANI Associated Press TOKYO (AP) — President Joe Biden on Monday promised “concrete benefits” for the people of the Indo-Pacific region from a new trade pact he was set to launch, designed to signal U.S. dedication to the contested economic sphere and address the need for stability in commerce after

By ELENA BECATOROS, OLEKSANDR STASHEVSKYI and RICARDO MAZALAN Associated Press KYIV, Ukraine (AP) — Russia pressed its offensive in eastern Ukraine on Sunday as Poland’s president traveled to Kyiv to support the country’s European Union aspirations, becoming the first foreign leader to address the Ukrainian parliament since the start of the war. Lawmakers gave a

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline spiked 33 cents over the past two weeks to $4.71 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey says the price jump comes amid higher crude oil costs and tight gasoline supplies. The average price at the pump is $1.61 higher than

By SUSAN MONTOYA BRYAN Associated Press A New Mexico facility where researchers work to restore forests devastated by fires faced an almost cruelly ironic threat: The largest wildfire burning in the U.S. was fast approaching. Owen Burney and his team knew they had to save what they could. Atop their list was a priceless bank

By MICHAEL CONROY Associated Press INDIANAPOLIS (AP) — A military plane carrying enough specialty infant formula for more than half a million baby bottles arrived Sunday in Indianapolis. It’s the first of several flights expected from Europe aimed at relieving a shortage that has sent parents scrambling to find enough to feed their children. President

By MICHAEL CONROY Associated Press INDIANAPOLIS (AP) — The White House says enough specialty infant formula for more than half a million baby bottles is about to arrive in the United States from Europe. White House press secretary Karine Jean-Pierre told reporters that the 78,000 pounds of formula is being transported by military plane and

By JAMEY KEATEN and MASHA MACPHERSON Associated Press DAVOS, Switzerland (AP) — Davos — the hub of an elite annual gathering in the Swiss Alps — is back, more than two years after the coronavirus pandemic kept its business gurus, political leaders and high-minded activists away. There’s no shortage of urgent issues for the World

By CHRISTOPHER RUGABER and ANNE D’INNOCENZIO AP Business Writers WASHINGTON (AP) — With prices across the economy — from food, gas and rent to cars, airfares and hotel rooms — soaring at their fastest pace in decades, you might think Americans would tap the brakes on spending. Not so far. Consumers as a whole are

By KELVIN CHAN Associated Press DAVOS, Switzerland (AP) — If you’re coming to Davos this year, try to take the train instead of flying, organizers of the World Economic Forum said. So I did. That meant a 12-hour journey from London to the exclusive gathering in the Swiss Alps, which I’m helping cover for The