Stocks fell sharply worldwide Friday on worries an already slowing global economy could fall into recession as central banks raise the pressure with additional interest rate hikes.
The Dow Jones Industrial Average fell 1.6%, closing at its lowest level since late 2020.
DOHA, Qatar (AP) — State-owned oil and gas company Qatar Energy signed on Saturday a deal with Total Energies for the Northfield South Expansion.
The partnership deal was signed by Saad Sherida al-Kaabi, Qatar’s Energy Minister and Patrick Pouyanne, Total Energies chief Executive, and took place in Doha, Qatar.
LONDON (AP) — The United Kingdom's new government outlined plans Friday to cut taxes and boost spending in an effort to bolster the faltering economy, but the high-risk moves sparked concerns that increased public borrowing will worsen a cost-of-living crisis and sent the British pound on its biggest one-day drop in 2 1/2 years.
DETROIT (AP) — The Detroit auto show has returned after a three-year absence with a roar. And a soar.
Visitors to the prestigious North American International Auto Show, which kicked off last week, can lay eyes on the latest offerings from some of the world's biggest automakers, as they've been able to in years past.
WASHINGTON (AP) — The U.S. is outlining its goals for a new trade deal with Australia, Japan, South Korea and nine other nations meant to signal the country's commitment to working with the Indo-Pacific region at a time of growing Chinese clout.
NEW YORK (AP) — Saudi Arabia appears to be leaving behind the stream of negative coverage that the killing of Jamal Khashoggi elicited since 2018.
TOLEDO, Ohio (AP) — General Motors says it will spend $760 million to renovate its transmission factory in Toledo, Ohio, so it can build drive lines for electric vehicles.
It's the first GM engine or transmission plant to begin the long transition from internal combustion engines to electric vehicles.
SAN DIEGO (AP) — A fugitive defense contractor nicknamed “Fat Leonard” who claims to have incriminating sex photos of U.S. Navy brass could become the latest bargaining chip in Venezuelan President Nicolas Maduro’s efforts to win official recognition from the Biden administration, according to experts.
WASHINGTON (AP) — World Bank President David Malpass said Friday he won't resign after coming under criticism for his remarks earlier this week regarding climate change.
At an event sponsored by The New York Times on Tuesday, Malpass wouldn't answer directly when asked whether the burning of fossil fuels has contributed to global warming.
MIAMI (AP) — Executive directors of the Inter-American Development Bank voted unanimously Thursday to recommend firing a former Trump official as president of the Washington-based institution, a person familiar with the vote said.
MILAN (AP) — Kim Kardashian took Milan by storm on Saturday, curating a new collection for Dolce&Gabbana that took inspiration from 20 years of archival looks.
It was a day of debuts in Milan, including Maximilian Davis, a 27-yeaer-old British designer with Afro-Caribbean roots, at the creative helm of Salvatore Ferragamo and Filipino American designer Rhuigi Villasenor at Bally, as the brand returns to the runway for the first time in 20 years.
BERLIN (AP) — German Chancellor Olaf Scholz arrived Saturday in Saudi Arabia for the first stop of a two-day, three-country visit to the Middle East aimed at striking new energy deals and forging fresh alliances amid the economic and geopolitical turmoil resulting from Russia’s invasion of Ukraine.
ROME (AP) — A Sunday parliamentary election will determine who governs next in Italy.
SAN JUAN, Puerto Rico (AP) — Half of Puerto Rico is without power more than five days after Hurricane Fiona struck — including an entire town where not a single work crew has arrived.
BANGKOK (AP) — A Chinese scientific ship bristling with surveillance equipment docked in a Sri Lankan port. Hundreds of fishing boats anchored for months at a time among disputed islands in the South China Sea.
PHOENIX (AP) — Public school advocates who oppose a massive expansion of Arizona's private school voucher system enacted by the Republican-controlled Legislature and signed into law by Republican Gov.
JURUPA VALLEY, Calif. (AP) — Authorities say nine people were taken to the hospital after being exposed to a caustic substance at a California plastics recycling company.
Seven workers had breathing problems or other symptoms while two firefighters who entered the building were taken to the hospital for examination as a precaution but weren't sickened and they were later released, Riverside County fire officials said.
UNITED NATIONS (AP) — Every September, the New York City police barricades go up around U.N.
WASHINGTON (AP) — A federal judge has rejected the Justice Department's bid to block a major U.S. sugar manufacturer from acquiring its rival, clearing the way for the acquisition to proceed.
The ruling, handed down Friday by a federal judge in Wilmington, Delaware, comes months after the Justice Department sued to try to halt the deal between U.S.
NEW YORK (AP) — Frustrated, anxious but also a tad hopeful, young activists staged a coordinated “global climate strike” Friday to highlight the effects of global warming and demand more aid for poor countries hit by wild weather.
KYIV, Ukraine (AP) — A Kremlin-orchestrated referendum got underway Friday in occupied regions of Ukraine that sought to make them part of Russia, with some officials carrying ballots to apartment blocks accompanied by gun-toting police.
Dow hits 2022 low as markets sell off on recession fears
NEW YORK (AP) — Markets sold off around the world on mounting signs the global economy is weakening just as central banks raise the pressure even more with additional hikes to interest rates.
Markets sold off around the world on mounting signs the global economy is weakening just as central banks raise the pressure even more with additional hikes to interest rates.
The Dow Jones Industrial Average closed at its lowest point of the year Friday.
TURIN, Italy (AP) — Juventus reported a record loss of 254.3 million euros ($246 million) for the 2021-22 financial year at a board of directors meeting on Friday — adding to its recent struggles on the field.
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday:
Boeing Co., down $7.45 to $131.26.
The airplane maker will pay $200 million to settle charges that it misled investors about the safety of its 737 Max after two crashes.
BEDFORD, Texas (AP) _ Legacy Housing Corp. (LEGH) on Friday reported second-quarter earnings of $17.3 million.
On a per-share basis, the Bedford, Texas-based company said it had profit of 69 cents.
WASHINGTON (AP) — American tech firms will be allowed to expand their business in Iran, where most internet access has been cut off in response to anti-government protests, the Treasury Department said Friday.
ROME (AP) — Italians will vote on Sunday in what is being billed as a crucial election as Europe reels from the repercussions of Russia's war in Ukraine.
CHICAGO (AP) — A Chicago state senator pleaded not guilty Friday to charges of lying to the FBI and seeking a bribe to oppose legislation that would have required a statewide evaluation of red-light camera systems.
Benchmark U.S. crude oil for November delivery fell $4.75 to $78.74 a barrel Friday. Brent crude for November delivery fell $4.31 to $86.15 a barrel.
Wholesale gasoline for October delivery fell 14 cents to $2.38 a gallon.
CAGUAS, Puerto Rico (AP) — A growing number of businesses, including grocery stores and gas stations, are temporarily closing across Puerto Rico as power outages caused by Hurricane Fiona drag on in the U.S.
FORT LAUDERDALE, Fla. (AP) — When Florida Highway Patrol troopers arrived at a crash scene in the Panhandle this summer, they found a 23-year-old Navy officer dead at the wheel with neck wounds that initially looked like a possible shooting.
ANNAPOLIS, Md. (AP) — A property management company owned by the family of former President Donald Trump’s son-in-law, Jared Kushner, has agreed to pay a $3.25 million civil penalty and restitution to settle a 2019 lawsuit in Maryland over allegations of charging tenants illegal fees and failing to maintain properties, Attorney General Brian Frosh announced Friday.
ATLANTIC CITY, N.J. (AP) — As sports betting has swept across the country with states, casinos and consumers eagerly embracing a new gambling market, internet casino games have grown much more slowly.
MEMPHIS, Tenn. (AP) — Building construction has begun at the future site of a factory where Ford and a South Korean company have joined forces to build electric trucks and batteries in rural west Tennessee, officials said Friday.
NEW YORK (AP) — Top allies of former President Donald Trump are creating a new super PAC that's expected to serve as the main vehicle for his midterm spending and could become a key part of his campaign infrastructure should he move forward with a 2024 White House run.
NEW ORLEANS (AP) — A New Orleans beer company with roots in the early 20th century — and purchased five years ago by the owners of the New Orleans Saints — has merged with three other regional breweries.
SAVANNAH, Ga. (AP) — U.S. Sen. Raphael Warnock urged the U.S. Treasury secretary Friday to use “maximum flexibility” in implementing a revised tax credit for Americans buying electric vehicles, a perk that Hyundai stands to lose as the automaker invests billions of dollars to open its first American EV plant in the Democratic senator's home state of Georgia.
COPENHAGEN, Denmark (AP) — Denmark's government said Friday that a temporary ban on mink breeding will expire Jan. 1, allowing mink production to resume in the country but at a ”significantly reduced" level than before the coronavirus pandemic.
THE COLONY, Texas (AP) _ Rave Restaurant Group Inc. (RAVE) on Friday reported profit of $6.8 million in its fiscal fourth quarter.
The The Colony, Texas-based company said it had net income of 38 cents per share.
UNITED NATIONS (AP) — The U.N. food chief warned Thursday that the world is facing “a perfect storm on top of a perfect storm” and urged donors, particularly Gulf nations and billionaires, to give a few days of profits to tackle a crisis with the fertilizer supply right now and prevent widespread food shortages next year.
MADRID (AP) — Spain’s Socialist-led coalition government is planning a temporary higher tax rate on the richest 1% of the country from next year, in addition to its windfall taxes on large energy companies and banks.
HONG KONG (AP) — Hong Kong’s leader announced the city would no longer require incoming travelers to quarantine in designated hotels as it seeks to remain competitive and open up globally after nearly two years.
MADRID (AP) — Spain’s Civil Guard said Friday it seized 14 metric tons (15.4 tons) of hashish from Morocco and arrested 49 people as it smashed a major drug-smuggling ring.
The gang was believed to be the biggest operating in Spain, regularly bringing up to 20 metric tons (19.7 tons) of hashish a month from North Africa to the Iberian peninsula, a Guardia Civil statement said.
COLOGNE, Germany (AP) — For 90 years, Engelbert Schlechtrimen's family has been baking wheat rolls, rye bread and chocolate cakes in this western German city. Next month, they will turn off the ovens for good, because they can no longer afford rising energy prices resulting from Russia's war in Ukraine.
PARIS (AP) — France’s parliamentary speaker released the first public accounting of complaints to a special unit aimed at fighting sexual harassment and other misconduct, after several cases involving French lawmakers accused of abuse prompted public outrage.
Sept. 15-22, 2022
From protests in Moscow, to floods in Nigeria to the lying in state and state funeral of U.K. Queen Elizabeth II, this photo gallery highlights some of the most compelling images made or published in the past week by The Associated Press from Europe and Africa.
DHAKA, Bangladesh (AP) — Standing in line to try to buy food, Rekha Begum is distraught. Like many others in Bangladesh, she is struggling to find affordable daily essentials like rice, lentils and onions.
COLON, Panama (AP) — The unveiling of a futuristic luxury model home on Panama's Caribbean coast tanked Thursday when the SeaPod Eco prototype perched above the water on a column slumped onto an adjacent dock.
NEW YORK (AP) — Secretary of State Antony Blinken’s father, Donald, a former U.S. diplomat, investment banker and modern art collector, died on Thursday. He was 96.
Blinken announced his father’s passing in a series of tweets while he was attending the annual UN General Assembly.