National Business News

  • Syracuse profits by handwriting thousands of late-tax notes

    A city in New York state has found a novel way of motivating residents to pay their back taxes: personal notes handwritten by city officials. The idea stemmed from an experiment on late-tax payments, in which the city of Syracuse partnered with researchers at Syracuse University. City officials...

  • Spain considers ban on sale of gas and diesel cars by 2040

    Spain's government is eyeing ambitious steps to tackle climate change, including a ban on the sale of gas and diesel cars from 2040. The government presented a blueprint Tuesday that foresees an end to state financial subsidies for fossil fuels and a prohibition on fracking. The working document,...

  • No accounting for these tastes: Artificial flavors a mystery

    Six artificial flavors are being ordered out of the food supply in a dispute over their safety, but good luck to anyone who wants to know which cookies, candies or drinks they're in. The dispute highlights the complex rules that govern what goes in our food, how much the public knows about it,...

  • US says Europe needs diversity from Russian energy supplies

    Europe needs to diversify its energy supplies to cut its dependency on Russia, U.S. Energy Secretary Rick Perry said Tuesday. Perry, on a visit to Hungary, said that Russia needs to be prevented from using "energy as a coercive weapon," like when it sometimes temporarily cuts winter gas supplies...

  • Tech companies, banks lead US stocks higher; Oil price falls

    U.S. stock indexes veered higher in afternoon trading Tuesday, bouncing back from an uneven start. Gains in technology companies, banks and industrial stocks outweighed losses in household goods sellers, utilities and elsewhere in the market. Energy stocks slumped as the price of crude oil headed...

  • CNN sues Trump, demanding return of Acosta to White House

    CNN sued the Trump administration Tuesday, demanding that correspondent Jim Acosta's credentials to cover the White House be returned because their revocation violates the constitutional right of freedom of the press. The administration stripped Acosta of his pass to enter the White House following...

  • Nigerian ISP says error caused disruption in Google services

    A Nigerian internet service provider says a configuration error it made during a network upgrade caused a disruption of key Google services that routed traffic to China and Russia. Before MainOne tweeted the explanation Tuesday, there was speculation the data hijacking may have been intentional....

  • From Audible to Whole Foods: A look at Amazon's empire

    Amazon is hard to escape. Whether you've bought shoes at Zappos, picked up milk at Whole Foods or listened to an audiobook on Audible, you've been caught up in Amazon's growing web of businesses. And now, Amazon's sprawling empire will stretch even further. The company announced Tuesday that it...

  • UK Cabinet to meet after Britain, EU reach draft Brexit deal

    After months of stalled talks, false starts and setbacks, negotiators from Britain and the European Union struck a proposed divorce deal Tuesday to provide for the U.K.'s smooth exit from the bloc. But the agreement faces major political hurdles starting Wednesday, when British Prime Minister Theresa...

  • Amazon splits HQ between New York and northern Virginia

    Editors and news directors: Amazon has announced it will split its second headquarters between Crystal City, Va., and Long Island City, N.Y., with an additional operations hub in Nashville. Here are AP's coverage plans: Amazon HQ — Amazon, which has grown too big for its Seattle hometown, is splitting...

  • Consumer group releases "worst toys" list for holidays

    A Black Panther "slash claw" and a plastic Power Rangers sword are among the toys topping a consumer safety group's annual list of worst toys for the holiday season. Massachusetts-based World Against Toys Causing Harm, or W.A.T.C.H., unveiled its list Tuesday at a Boston children's hospital. A...

  • At Southeast Asian summit, pushback against going it alone

    The annual gathering of Southeast Asian leaders began Tuesday with a warning from the host, Singapore Prime Minister Lee Hsien Loong , about threats against international rules that underpin world stability and economic growth. "The international order is at a turning point," Lee said at the opening...

  • IMF warns Italy's spending plan makes country vulnerable

    The International Monetary Fund has warned the Italian government that its plan to sharply increase spending carries "substantial" risks and would leave the country vulnerable to market turmoil. Hours before the Italian populist government faced a deadline to submit a revised budget draft to the...

  • China's premier reassures region on growth, South China Sea

    China's premier sought Tuesday to reassure its neighbors that Beijing will push ahead with reforms needed to support growth across the region and also keep the peace in contested waters in the South China Sea. Premier Li Keqiang said his government will favor reforms in the world's No. 2 economy...

  • Trump suggests France would have been defeated without US

    President Donald Trump escalated his verbal assaults against France on Tuesday, suggesting that America's stalwart European ally would have been vanquished in both world wars if not for the military firepower provided by the United States. Trump tweeted about a suggestion by French President Emmanuel...

  • Johnson Controls selling power solutions unit for $13.2B

    Johnson Controls International PLC is selling its power solutions division to Brookfield Business Partners LP for $13.2 billion. The power solutions business, which makes and distributes advanced battery technologies for various vehicles, posted $8 billion in revenue in fiscal 2018. Johnson Controls...

  • Russia to boycott World Economic Forum if its tycoons barred

    Russia's Prime Minister Dmitry Medvedev says Moscow will boycott the annual World Economic Forum in the Swiss ski resort of Davos if it fails to lift restrictions on the attendance of Russian businessmen. Organizers of the WEF, which takes place every January, have reportedly warned Russian billionaire...

  • Binny Bansal out as CEO of Flipkart Group

    The co-founder of Flipkart, the massive online retail operation in India acquired by Walmart this year, has stepped down as CEO following an allegation of serious personal misconduct. Walmart, which purchased a $16 billion controlling stake in Flipkart Group in May, the largest single investment...

  • Iran, feeling sanctions bite, looks for outlet in Iraq

    At this year's Baghdad International Fair, Iranian businessmen displayed thick, colorful Persian rugs to impressed onlookers while others showcased the latest in Iranian manufacturing in power generators and industrial tools. For Iranian companies, the annual Baghdad International Fair is a major...

  • EU workers leave UK in record numbers as Brexit looms

    Brexit is already having an impact on Britain's labor market, with the number of people from the European Union working in the country falling by a record amount. The Office for National Statistics said Tuesday the number of EU nationals working in Britain fell by 132,000 in the three months to...

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