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Latest Business Updates from ABC News - Read Today's All Business News

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Report: Dramatic rise in pesticides in EU fruits, vegetables

2022-05-24 14:41:13 UTC

New research says the contamination of fruits and vegetables produced in the European Union by some of the most toxic pesticides has substantially increased over the past decade

Davos updates | Spain believes Finland, Sweden to join NATO

2022-05-24 12:23:13 UTC

Spanish Prime Minister Pedro Sánchez says he believes Sweden and Finland will succeed in joining NATO despite Turkey’s objections to their membership

Airbnb ends rentals in China to focus on outbound tourists

2022-05-24 11:47:56 UTC

Airbnb Inc. says it will stop representing short-term rental properties in China and focus its business in the country on serving Chinese tourists looking for lodgings abroad

Live updates | EU: Russians have future in their hands

2022-05-24 11:15:03 UTC

European Commission President Ursula von der Leyen says Russia can be reintegrated into the orbit of European nations if it finds its way back to “democracy, the rule of law, the respect for the international rules-based order.”

Davos climate focus: Can 'going green' mean oil and gas?

2022-05-24 09:32:14 UTC

Government and corporate leaders at the World Economic Forum are debating whether oil and gas companies can or should be part of the future transition to renewable energies such as wind and solar

More turn to UK food banks as food and fuel bills soar

2022-05-24 06:44:04 UTC

Across Britain, food banks and community food hubs that helped struggling families, older people and the homeless during the pandemic are now seeing soaring demand

Asia shares trading lower as inflation worries cloud outlook

2022-05-24 06:10:32 UTC

Asian shares are trading lower as worries over inflation temper optimism over President Joe Biden’s remark that he was considering reducing U.S. tariffs on Chinese imports

AP-NORC poll: Economy grows as priority on Russia response

2022-05-24 05:36:48 UTC

Americans are becoming less supportive of punishing Russia for launching its invasion of Ukraine if it comes at the expense of the U.S. economy, a sign of rising anxiety over inflation and other challenges

EXPLAINER: What's the 4-nation Quad, where did it come from?

2022-05-24 03:23:15 UTC

Leaders of the U.S., Japan, Australia and India gathered in Tokyo on Tuesday for a summit of what's known as the Quad

Egypt promises to allow protest, push pledges as COP27 host

2022-05-23 18:12:46 UTC

Egyptian Foreign Minister Sameh Shoukry, also the incoming president of the next Conference of the Parties to be held in Egypt, says the focus will be on making sure countries implement their climate pledges

UK's Boris Johnson awaits judgment of 'partygate' report

2022-05-23 16:28:50 UTC

British Prime Minister Boris Johnson has been shadowed by career-threatening scandal for months — but so far has escaped unscathed

Live updates | Ukraine: Russia is escalating Donbas assault

2022-05-23 15:54:41 UTC

A Ukrainian official says Russian forces are stepping up their bombardment of the Donbas area

For Americans, 2021 delivered healthiest finances in 8 years

2022-05-23 15:20:00 UTC

Americans’ financial health reached its highest level in nearly a decade last year, the Federal Reserve said Monday, spurred by a strong job market and government support payments

US stocks open higher following 7 straight weeks of losses

2022-05-23 14:10:40 UTC

Major indexes are opening broadly higher on Wall Street Monday following seven weeks of declines that nearly ended the bull market that began in March 2020

Davos updates | Energy leader pans fossil fuel investments

2022-05-23 13:02:26 UTC

The head of the International Energy Agency is urging countries and investors not to use Russia’s invasion of Ukraine as a reason to increase fossil fuel investments

Asian shares mixed after Wall St barely misses bear market

2022-05-23 05:04:36 UTC

Shares are mixed in Asia in cautious trading after Wall Street rumbled to the edge of a bear market on Friday

Biden to lay out in Japan who's joining new Asia trade pact

2022-05-23 01:44:16 UTC

President Joe Biden is set to launch a long-anticipated Indo-Pacific trade pact on Monday

Average US gasoline price jumps 33 cents to $4.71 per gallon

2022-05-22 17:28:22 UTC

The average U.S. price of regular-grade gasoline spiked 33 cents over the past two weeks to $4.71 per gallon

Taiwan not included in launch of new Biden Indo-Pacific pact

2022-05-22 16:20:31 UTC

President Joe Biden is expected to come out with a list of countries that will join an Indo-Pacific trade pact, but Taiwan won’t be among them

Climate to conflict, Davos' post-COVID return has full plate

2022-05-22 15:11:03 UTC

The much-ballyhooed World Economic Forum in the Swiss Alpine town of Davos gets underway this week after a two-year hiatus due to the COVID-19 pandemic

Consumers defy inflation to support economy. For how long?

2022-05-22 14:36:58 UTC

With prices across the economy soaring at their fastest pace in decades, you might think Americans would tap the brakes on spending

DAVOS DIARY: Train, not plane means scenery, carbon cutting

2022-05-22 12:55:37 UTC

The World Economic Forum is encouraging European attendees to come to its exclusive gathering in the Swiss Alps by train

Vatican airs dirty laundry in trial over London property

2022-05-22 06:44:35 UTC

The Vatican’s sprawling financial trial may not have produced any convictions yet or any new smoking guns

Biden tendng to business in SKorea visit with Hyundai exec

2022-05-22 02:18:02 UTC

President Joe Biden is tending to both business and security interests as he wraps up a three-day visit to South Korea on Sunday

Buffalo shooting highlights threat of online extremism amid pandemic

2022-05-21 16:14:21 UTC

The incident points to a toxic blend of circumstances, including heightened social media use, experts told ABC.

Startup recycling company in Louisiana offers solution for glass waste

2022-05-21 13:58:41 UTC

Startup recycling company in Louisiana offers solution for glass waste.

Russia cuts off gas exports to Finland in symbolic move

2022-05-21 13:24:37 UTC

Russia has halted natural gas exports to neighboring Finland

Biden signs $40B for Ukraine assistance during Asia trip

2022-05-21 11:10:22 UTC

President Joe Biden has signed legislation granting Ukraine another $40 billion in U.S. support as it continues to battle a Russian invasion

U.S., other APEC delegates walk out on Russian speaker

2022-05-21 10:35:01 UTC

Delegates from the United States and four other nations have staged a walkout when a representative from Russia began his opening remarks at a meeting of trade ministers of the Asia-Pacific Economic Cooperation group in the Thai capital

Finland says Russia suspending natural gas supplies

2022-05-20 14:31:01 UTC

Finland's state-owned energy company says Russia will cut off natural gas to Finland after the Nordic country that applied for NATO membership this week refused President Vladimir Putin’s demand to pay in rubles

G7 countries to provide $19.8 billion in aid to Ukraine

2022-05-20 12:14:17 UTC

The Group of Seven leading economies and global financial institutions are providing $19.8 billion in aid to bolster Ukraine’s public finances, Germany’s finance minister said Friday

'I can’t see the light': War fuels surging prices in Europe

2022-05-20 06:40:13 UTC

Russia's war in Ukraine has accelerated inflation across Europe, with prices for energy, materials and food surging at rates not seen for decades

Asian stocks rise after Wall St slips closer to bear market

2022-05-20 06:06:39 UTC

Asian stock markets have advanced after Wall Street fell closer to bear territory, China cut a key interest rate and Japanese inflation rose

Ford urges some of its SUVs to be parked outside over fire risks

2022-05-19 21:18:01 UTC

Owners of 2021 Ford Expeditions and Lincoln Navigators are being urged by Ford to park their vehicles outside due to fire risk.

Live updates | US to ship $100M in military aid to Ukraine

2022-05-19 20:10:48 UTC

The U.S. has announced a shipment of $100 million in military equipment to Ukraine, separate from what will be coming from the $40 billion approved Thursday by Congress

Asian shares track Wall Street's inflation-fueled retreat

2022-05-19 07:20:40 UTC

Shares are sharply lower in Asia after a broad retreat on Wall Street

Biden invokes Defense Production Act for formula shortage

2022-05-19 04:33:50 UTC

President Joe Biden has invoked the Defense Production Act to speed production of infant formula and has authorized flights to import supply from overseas

Moms seeking formula tire of those who say, just breastfeed

2022-05-18 19:47:16 UTC

Some U.S. moms looking for baby formula that is in short supply are dealing with another layer of stress — people asking why they don't just breastfeed

Consumers shift again, flummoxing big retailers like Target

2022-05-18 19:14:25 UTC

The pandemic vastly changed the way Americans spend money and now as they return to pre-pandemic behavior, they’re tripping up retailers again

Martin Shkreli, infamous 'Pharma Bro,' released from prison early

2022-05-18 18:40:19 UTC

Former pharmaceutical head Martin Shkreli was sentenced to seven years in prison, but released after five.

Davos returns from pandemic with Ukraine, climate in mind

2022-05-18 17:22:41 UTC

After a nearly 2-1/2-year hiatus, the Swiss town of Davos is set to again host global elites from business, government and activist groups for the World Economic Forum

US, banks, unveil plan to ease food crisis from Russia's war

2022-05-18 13:23:14 UTC

Ahead of the G7 finance ministers’ meetings, the U.S. Treasury, several global development banks and other groups have unveiled a multi-billion dollar plan meant to address a worldwide food security crisis exacerbated by Russia’s war in Ukraine

NATO chief hails 'historic moment' as Finland, Sweden apply

2022-05-18 11:07:17 UTC

NATO Secretary-General Jens Stoltenberg says that Finland and Sweden have applied for membership amid concerns over Russia’s war on Ukraine

UK inflation hits 40-year high amid Russia's war in Ukraine

2022-05-18 10:32:47 UTC

Britain’s inflation rate has risen to the highest level in 40 years as Russia's war in Ukraine fueled further increases in food and fuel prices

Asia stocks mixed after Wall St gain, Powell warns on rates

2022-05-18 06:05:39 UTC

Asian stock markets are mixed after Wall Street rose and the Federal Reserve's chairman said it will raise interest rates further if needed to cool inflation

House Dems propose $28 million to address formula shortage

2022-05-17 21:31:34 UTC

House Democrats have unveiled a $28 million emergency spending bill to address the shortage of infant formula in the United States

Powell: Fed to keep hiking rates until it controls inflation

2022-05-17 20:57:58 UTC

Chair Jerome Powell has underscored the Federal Reserve’s determination to keep raising interest rates until it has brought inflation under control

AP Exclusive: Black Lives Matter has $42 million in assets

2022-05-17 17:58:02 UTC

A new, 63-page IRS tax filing shared exclusively with The Associated Press shows the Black Lives Matter Global Network Foundation Inc. ended its last fiscal year with nearly $42 million in net assets

Live updates | Ukraine hopes for Mariupol fighter exchange

2022-05-17 17:22:45 UTC

Ukraine’s deputy defense minister expressed hope on Tuesday that the 264 Ukrainian fighters extracted from the Azovstal steel mill in Mariupol will be exchanged for Russian prisoners of war

FAA to let United use jets grounded after engine failure

2022-05-17 16:48:47 UTC

Federal safety officials are moving to let United Airlines resume using about 50 planes that have been grounded since the engine of one of them blew apart over Denver last year

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