in Ukraine, funeral for activist killed and mourned in war | business news

By JOHN LEICESTER Associated Press KYIV, Ukraine (AP) — Poppies, the blood-red flowers that cover the battlefields of Europe’s two world wars, lie in mourning Saturday on the coffin of another dead soldier, this one killed in another European war, in Ukraine. The hundreds of mourners for 24-year-old Roman Ratushnyi included friends who had protested … Read more

Venezuela plans sale of shares of state companies | business news

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

United States and Italy united in Ukraine, with slightly different tones | business news

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

Starbucks halts share buyback as Schultz turns to workers | business news

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

Asian stocks mostly up after upbeat end on Wall Street | business news

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

Russian war could further increase car prices and shortages | business news

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

Lithuania cuts Russian gas imports and urges the EU to do the same | business news

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

Biden cites economic gains, but voters see much more to do | business news

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

Tesla sells 310,000 vehicles in the first quarter, despite logistics problems | business news

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