China Tries to Limit Economic Blow of Shanghai Shutdown | Business News

By JOE McDONALD, AP Business Writer BEIJING (AP) — As millions of Shanghai residents line up for coronavirus tests in the closed metropolis, authorities are promising tax cuts for shopkeepers and to keep its busy port functioning to limit disruptions to industry and trade. This week’s shutdown of most activities in China’s most populous city … Read more

With War Next Door, EU Is Warned on Cybersecurity Gaps | Business News

BRUSSELS (AP) — As Russia’s invasion of Ukraine accelerates European Union defense cooperation, a watchdog said Tuesday that EU institutions face vulnerabilities on another front: cybersecurity. The warning by the European Court of Auditors covers the wide range of EU bodies — from the executive arm based in Brussels to specialist agencies located across Europe … Read more

Malta’s Premier Claims Election Win for Latest Labor Triumph | Business News

By KEVIN SCHEMBRI ORLAND, Associated Press VALLETTA, Malta (AP) — Maltese Prime Minister Robert Abela on Sunday was claiming victory in his nation’s parliamentary election hours before official results were expected. If win is confirmed, that would mean the Labor Party will start its third consecutive term in office, beating out its traditional rival, the … Read more

Without Russia, Science Going Solo on World’s Woes, Dreams | Business News

By JOHN LEICESTER, Associated Press PARIS (AP) — Without Russian help, climate scientists worry how they’ll keep up their important work of documenting warming in the Arctic. Europe’s space agency is wrestling with how its planned Mars rover might survive freezing nights on the Red Planet without its Russian heating unit. And what of the … Read more

‘My Personal Tragedy’: Ukrainians Brace for Attack on Odesa | Business News

By YESICA FISCH and CARA ANNA, Associated Press ODESA, Ukraine (AP) — The Black Sea port of Odesa is mining its beaches and rushing to defend its cultural heritage from a feared Mariupol-style fate in the face of growing alarm that the strategic city might be next as Russia attempts to strip Ukraine of its … Read more

War Shakes Europe Path to Energy Independence, Climate Goals | Business News

By FRANK JORDANS, ARITZ PARRA and JILL LAWLESS, Associated Press BERLIN (AP) — Before Russia’s war in Ukraine, Europe’s most pressing energy policy goal was reducing carbon emissions that cause climate change. Now, officials are fixated on rapidly reducing the continent’s reliance on Russian oil and natural gas — and that means friction between security … Read more

EU Leaders Reach Compromise on Energy After Long Debate | Business News

By SAMUEL PETREQUIN and RAF CASERT, Associated Press BRUSSELS (AP) — European Union leaders struggled for hours Friday to find a compromise on a deal aimed at curbing energy prices that have gone through the roof and hurt households and businesses across the 27-nation bloc. There was a clear rift between the bloc’s southern and … Read more

French Firms Hesitate Amid Growing Pressure to Leave Russia | Business News

By THOMAS ADAMSON, Associated Press PARIS (AP) — French automaker Renault moved to pause production at its Moscow plant in an apparent move to fend off mounting criticism, breaking ranks with other major French companies that have defied pressure to keep operating in Russia. The company’s board of directors voted Wednesday night to suspend “activities … Read more

Russian Stock Market, Crushed by War, Resumes Trading | Business News

NEW YORK (AP) — The Russian stock market resumed limited trading Thursday under heavy restrictions almost one month after prices plunged and the market was shut down following Moscow’s invasion of Ukraine. Trading of a limited number of stocks including energy giants Gazprom and Rosneft took place under curbs that are meant to prevent a … Read more

Amid Russia’s New Crackdowns, Small Signs of Defiance Emerge | Business News

NEW YORK (AP) — When Alexei Navalny was arrested in January 2021, tens of thousands of Russians filled the streets in protest, demanding that the top Kremlin critic be released and chanting slogans against President Vladimir Putin. Thousand were arrested. Since then, Putin has unleashed the harshest crackdown since the era of the Soviet Union: … Read more