Business

Ukraine strikes cut Russia’s oil refining by 20%, says Zelenskyy

Ukraine strikes cut Russia’s oil refining by 20%, says Zelenskyy

KYIV, Ukraine (AP) — Ukraine’s long-range strikes on refineries inside Russia have reduced Moscow’s oil refining capacity by 20%, Ukrainian President Volodymyr Zelenskyy said, citing intelligence ...

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Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates

Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates

Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence. “The reductions we’re sharing today are a continuation of this work to get even...

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China reports its GDP grew 4.8% year-on-year in the last quarter

China reports its GDP grew 4.8% year-on-year in the last quarter

HONG KONG (AP) — China’s economy expanded at the slowest annual pace in a year in July-September, growing 4.8%, weighed down by trade tensions with the United States and slack domestic demand. Th...

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Russian oil company Lukoil to sell international assets in response to Trump sanctions

Russian oil company Lukoil to sell international assets in response to Trump sanctions

FRANKFURT, Germany (AP) — Russian oil major Lukoil says it is selling its international assets in response to sanctions imposed by U.S. President Donald Trump that aim to push Russia to agree to a...

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US and China seek to strike a deal over rare earths, tariffs, soybeans

US and China seek to strike a deal over rare earths, tariffs, soybeans

WASHINGTON (AP) — The United States and China are not going to resolve all the issues that divide them before presidents Donald Trump and Xi Jinping meet Thursday in Busan, South Korea. But they a...

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Ford F-150 becomes part of Japan’s efforts to woo Trump

Ford F-150 becomes part of Japan’s efforts to woo Trump

TOKYO (AP) — Japan’s most iconic truck might be the tiny white transport vehicles that farmers use to lug gear on the narrow roads that link their rice fields. But Japanese Prime Minister Sanae Ta...

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