By REGINA GARCIA CANO, Associated Press CARACAS, Venezuela (AP) — In a break with its socialist model, the Venezuelan government plans to open up a number of state-owned companies in vital sectors to private investment as it seeks to address the need for capital for companies with very low investment. The few details about the … Read more
By COLLEEN BARRY Associated Press MILAN (AP) — Italian Prime Minister Mario Draghi is meeting this week with U.S. President Joe Biden in Washington as Europe faces another “whatever it takes” moment with Russia’s war in Ukraine in its eastern flank. Both Rome and Washington will emphasize their historic friendship and shared desire to help … Read more
By MATT OTT, AP Business Writer SILVER SPRING, Md. (AP) — Starbucks founder and new interim CEO Howard Schultz announced Monday that the coffee chain was suspending its share buyback program to “invest more profits in our people and Our shops”. The shift in strategy comes just three weeks after Starbucks announced that Schultz, who … Read more
By ELAINE KURTENBACH, AP Business Writer BANGKOK (AP) — Stocks in Asia were mostly higher on Monday as gains carried over from a strong close last week on Wall Street. Tokyo, Hong Kong and Seoul advanced while Shanghai was closed for a holiday. Oil prices rose and US futures were almost unchanged. Analysts said a … Read more
By TOM KRISHER and KELVIN CHAN, AP Business Writers DETROIT (AP) — BMW has halted production at two German factories. Mercedes is slowing down work at its assembly plants. Volkswagen, warning of production stops, is looking for alternative sources of spare parts. For more than a year, the global auto industry has grappled with a … Read more
By LIUDAS DAPKUS Associated Press VILNIUS, Lithuania (AP) — Lithuania says it has completely cut gas imports from Russia, reportedly becoming the first of 27 European Union nations to use Russian gas to break its energy dependency on Moscow. “Seeking full energy independence from Russian gas, in response to Russia’s energy blackmail in Europe and … Read more
By JOSH BOAK, ZEKE MILLER and CHRIS MEGERIAN Associated Press WASHINGTON (AP) — Seven months before he faces a critical test from voters in the midterm elections, President Joe Biden is turning his attention to the issues at the table as he struggles to get credit for a recovering economy. Since Biden took office last … Read more
AUSTIN, Texas (AP) — Tesla delivered 310,000 vehicles in the first quarter, about 68% more than the same period in 2021, the company said Saturday. However, the company’s sales were slightly below expectations, which expected Tesla to produce 312,000 cars, according to Wedbush Securities. But the sales surge came even as Tesla battled global shortages … Read more