AP National Business

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Uber has agreed to pay a $19 million fine in Australia for misleading riders by falsely warning they could be charged a cancellation fee and for inflating estimates of comparable taxi rides. The Australian Competition and Consumer Commission said the company’s Netherlands subsidiary admitted breaching Australian

By DEE-ANN DURBIN, AYSE WIETING and KELVIN CHAN Associated Press ISTANBUL (AP) — Cooking oil prices have been rising worldwide since the COVID-19 pandemic began, and Russia’s war in Ukraine has sent those costs spiraling. It’s the latest fallout to the global food supply from the war, with Ukraine and Russia the world’s top exporters

By TOM KRISHER and MATT O’BRIEN Associated Press Tesla CEO Elon Musk stands to be the next owner of Twitter, having pledged roughly $44 billion to buy the social platform and take it private. Assuming that happens, next up on his agenda will be planning how to fulfill his promises to develop new Twitter features,

By ELAINE KURTENBACH AP Business Writer Asian shares are mostly higher after U.S. stocks stormed back from sharp losses to log strong gains. Tokyo, Hong Kong, Seoul and Shanghai advanced while Sydney declined. On Monday, the S&P 500 climbed 0.6%, after erasing an early 1.7% loss. Internet-related stocks helped lead the way, including Twitter. It

By TOM KRISHER and MATT O’BRIEN Associated Press Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the platform where he promotes his interests, attacks critics and opines on a wide range of issues to more than 83 million followers. The

By EMILY WANG and KEN MORITSUGU Associated Press BEIJING (AP) — Beijing will test most of the city’s 21 million people as a new COVID-19 outbreak sparks worries among residents of a Shanghai-style lockdown. So far, 70 cases have been found in the Chinese capital since the outbreak surfaced Friday. Some residents are working from

By BECKY BOHRER Associated Press JUNEAU, Alaska (AP) — The first large cruise ship of the season has arrived in Alaska, marking the start of what industry and tourism officials expect will be a more robust travel year after two pandemic-stunted seasons. The Norwegian Cruise Line vessel, the Norwegian Bliss, arrived in Juneau on Monday.

MEXICO CITY (AP) — Mexico’s Supreme Court has struck down a 2021 law that would have required cellphone companies to collect data like fingerprints or eye scans from customers. The court ruled Monday the law was too invasive of personal liberty. Cellphones in Mexico are often used in kidnappings and extortions, sometimes by inmates calling

VIDALIA, La. (AP) — The U.S. Department of Energy says it plans to lend up to $107 million to expand an Australian-owned plant that produces materials for electric car batteries in Louisiana. The loan to Syrah Technologies LLC would be the Biden administration’s second clean energy loan. The Energy Department said Monday that if it

By TOM KRISHER and MATT O’BRIEN Associated Press Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the platform where he promotes his interests, attacks critics and opines on a wide range of issues to more than 83 million followers. The

By COLLIN BINKLEY AP Education Writer BOSTON (AP) — Two wealthy parents who were sentenced to prison in the college admissions cheating scandal have appealed their convictions. John Wilson and Gamal Abdelaziz argued in appeals filed Monday that they believed they were making legitimate donations, not bribes, to get their children into elite universities. Prosecutors

By SARAH RANKIN Associated Press RICHMOND, Va. (AP) — As Virginia-based Dominion Energy seeks to build what it calls the country’s largest offshore wind farm in the Atlantic Ocean, the company and its supporters have touted the economic development opportunities expected to accompany the 176-turbine project. But state regulators say the economic picture might not

FARMINGTON, Conn. (AP) — Elevator manufacturer Otis Worldwide Corp. is reevaluating its future in Russia amid the ongoing war in Ukraine.  Otis Chief Executive  Judith Marks spoke during an earnings conference call with industry analysts Monday. She says the company is disheartened by the escalation of the crisis and is evaluating the best ownership structure

By JILL COLVIN Associated Press NEW YORK (AP) — Former President Donald Trump says he has no intention of rejoining Twitter after Elon Musk reached an agreement to buy the social media giant for roughly $44 billion. Trump told Fox News that he will instead focus on his own platform, Truth Social, which has been

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — U.S. stocks stormed back from sharp losses in the morning to notch gains on Monday. The S&P 500 climbed 0.6%, after erasing an early 1.7% loss. Internet-related stocks helped lead the way, including Twitter. It jumped after agreeing to sell itself to Tesla CEO