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US companies see record-low profits in China amid geopolitical tensions and slow growth, report says

HONG KONG (AP) — A report by the American Chamber of Commerce in Shanghai has found that U.S. companies in China are seeing record-low profits, with business confidence at an all-time low amid U.S.-China tensions and a slowing Chinese economy. Out of 306 companies polled, a record-low 66% were profitable in 2023. The report published

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Hundreds gather on a Seattle beach to remember an American activist killed by the Israeli military

Associated Press SEATTLE (AP) — Hundreds of people turned out at a beach in Washington for a vigil remembering Aysenur Ezgi Eygi, the 26-year-old human rights activist from Seattle killed by the Israeli military during a protest in the occupied West Bank. Many attendees Wednesday night carried photographs of Eygi in her graduation cap. They

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Inflation’s down and the European Central Bank has cut rates, again. Next up: The Fed.

AP Business Writer FRANKFURT, Germany (AP) — With inflation subsiding, the European Central Bank is cutting its benchmark interest rate  to prop up tepid growth with lower borrowing costs for companies and home buyers. The bank’s rate-setting council lowered the deposit rate from 3.75% to 3.5% at a meeting at its skyscraper headquarters in Frankfurt

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Francine’s heavy rainfall forces dramatic water rescues as even more flooding is on the horizon

By Dalia Faheid and Mary Gilbert, CNN (CNN) — Francine is spreading dangerous conditions across the South Thursday after it slammed into Louisiana with extreme rainfall, life-threatening flooding and destructive winds that knocked out power to hundreds of thousands amid reports of flooded homes. • Serious flood threat from weakening Francine: Francine made landfall in Terrebonne

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Thailand’s slumping economy is new leader Paetongtarn’s focus in her first parliamentary speech

Associated Press BANGKOK (AP) — Thailand’s new Prime Minister Paetongtarn Shinawatra, the daughter of former Prime Minister Thaksin Shinawatra, vowed Thursday in her inaugural speech to Parliament to continue many of her predecessor’s plans to solve the country’s economic woes. Among the government’s more immediate plans are measures to relieve household debt and reduce the

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Australia strips medals from military commanders over Afghanistan war crime allegations

Associated Press MELBOURNE, Australia (AP) — Australia’s Defense Minister Richard Marles says several serving and former military commanders have been stripped of medals over allegations of war crimes committed during the Afghanistan war. A war crime investigation had recommended holding commanders to account for alleged misconduct of Australian special forces between 2005 and 2016. The investigation

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A plan to extract gold from mining waste splits a Colorado town with a legacy of pollution

Associated Press LEADVILLE, Colo. (AP) — Rust-colored piles of mine waste and sun-bleached wooden derricks loom above the historic Colorado mountain town of Leadville — a legacy of gold and silver mines polluting the Arkansas River basin more than a century after the city’s boom days. Enter a fledgling company called CJK Milling that wants

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A scenic California mountain town walloped by a blizzard is now threatened by wildfire

Associated Press RUNNING SPRINGS, Calif. (AP) — Firefighters battling three major wildfires in the mountains east of Los Angeles are taking advantage of cooler weather. They are slowly gaining the upper hand against blazes that have destroyed dozens of homes and forced thousands of people to evacuate. The worst danger appeared to have passed Thursday

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