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

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