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US, allies aim to cap Russian oil prices to hinder invasion

Leaders of the Group of Seven industrial nations have tentatively agreed to back a cap on the price of Russian oil, the main pillar of the Kremlin's financial revenue

34 minutes ago

U.S. Treasury Secretary Janet Yellen, right, and Japan's Finance Minister Shunichi Suzuki shake hands during their meeting at the finance ministry in Tokyo, Tuesday, July 12, 2022. With thousands of sanctions already imposed on Russia to flatten its economy, the U.S. and its allies are working on new measures to starve the Russian war machine while also stopping the price of oil and gasoline from soaring to levels that could crush the global economy. (Kyodo News via AP)

Asian markets rise ahead of US inflation data

Asian stock markets are higher as investors wait for U.S. inflation data some worry might lead to more interest rate hikes

1 hour ago

FILE - Traders work on the floor at the New York Stock Exchange in New York, July 1, 2022. Stocks are opening lower on Wall Street as markets turn cautious ahead of earnings reports from big U.S. companies starting this week and more reports that will show how badly inflation is hitting American businesses and households. The S&P 500 fell 1.1% in the early going Monday, July 11, 2022 while drops in technology stocks helped send the Nasdaq composite down 2%. (AP Photo/Seth Wenig)

'Don't fall ill': Sri Lanka doctors warn of drug shortage

Doctors in Sri Lanka are urging their patients not to fall ill or get into accidents as the country's economic crisis leaves its trusted health care system without medicines and other vital supplies

July 12

Mudiyansege Chandrawathi, a cancer patient, drinks a beverage after attending a medical clinic at the national cancer hospital in Maharagama, a suburb of Colombo, Sri Lanka, June 3, 2022. Doctors in Sri Lanka are urging their patients not to fall ill or get into accidents as the country's economic crisis leaves its trusted health system without medicines and other vital supplies. Sri Lanka has run short of money to pay for basic imports like fuel and food, and medicine has also run scarce. (AP Photo/Eranga Jayawardena)

Twitter sues to force Musk to complete his $44B acquisition

Twitter sued Tesla CEO Elon Musk on Tuesday to force him to complete the $44 billion acquisition of the social media company

July 12

ARCHIVO - El logotipo de Twitter aparece sobre una estación de trabajo en el piso de remates de la Bolsa de Valores de Nueva York, el 29 de noviembre de 2021. (AP Foto/Richard Drew, Archivo)

Starbucks closing 16 US stores for safety issues

Starbucks is closing 16 U.S. stores because of repeated safety issues, including drug use and other disruptive behaviors that threaten staff

July 12

FILE - This file photo taken on June 26, 2019, shows a Starbucks sign outside a Starbucks coffee shop in downtown Pittsburgh, Pa. Starbucks is closing 16 stores around the country because of repeated safety issues, including drug use and other disruptive behaviors that threaten staff. The coffee giant said Tuesday, July 12, 2022, the closures are part of a larger effort to respond to staff concerns and make sure stores are safe and welcoming. (AP Photo/Gene J. Puskar, File)

Amazon Prime Day comes amid slowdown in online sales growth

Amazon is heading into its annual Prime Day sales event on Tuesday much differently than how it entered the pandemic

July 12

How major US stock indexes fared Tuesday 7/12/2022

Stocks on Wall Street closed lower Tuesday as investors brace for a big week of news on inflation and company earnings reports

July 12

Canoo, InMode rise; Gap, PriceSmart fall

Stocks that traded heavily or had substantial price changes Tuesday: Canoo, InMode rise; Gap, PriceSmart fall

July 12

Report: Uber broke laws, secretly lobbied governments

A new report reveals the extreme steps Uber took in its worldwide expansion from 2013-17. New York Times correspondent Mike Isaac breaks down the new reporting.

July 12

VIDEO: Report: Uber broke laws, secretly lobbied governments

Closing prices for crude oil, gold and other commodities

Closing prices for crude oil, gold and other commodities, and foreign exchange levels

July 12

Boeing sees best month for aircraft deliveries since 2019

Boeing says aircraft deliveries are the strongest it has seen since March 2019

July 12

FILE - In this Jan. 25, 2011 file photo, the Boeing Company logo on the property in El Segundo, Calif. Boeing says aircraft deliveries are the strongest it has seen since March 2019. Boeing said Tuesday, July 12, 2022 that it delivered 51 passenger and cargo planes in June, as airlines continued to see a recovery in demand for travel. (AP Photo/Reed Saxon, File)

American Airlines expects to book a pretax profit for Q2

American Airlines says it will earn a pretax profit for the second quarter, and its stock is soaring

July 12

FILE -American Airlines passenger jets prepare for departure, Wednesday, July 21, 2021, near a terminal at Boston Logan International Airport, in Boston. Airlines facing a pilot shortage are boosting pay. The CEO of American Airlines said Thursday, June 30, 2022 that his airline has offered to raise pilot wages by nearly 17% through the end of 2024.(AP Photo/Steven Senne, File)

American Airlines says it will report a pretax profit for 2Q

American Airlines says it will earn a pretax profit for the second quarter, and its stock is soaring

July 12

FILE -American Airlines passenger jets prepare for departure, Wednesday, July 21, 2021, near a terminal at Boston Logan International Airport, in Boston. Airlines facing a pilot shortage are boosting pay. The CEO of American Airlines said Thursday, June 30, 2022 that his airline has offered to raise pilot wages by nearly 17% through the end of 2024.(AP Photo/Steven Senne, File)

Now there are 8: UK leader field slims as nominations close

Nominations in the race to replace British Prime Minister Boris Johnson have closed, with eight Conservative lawmakers securing enough support from their colleagues to make the first ballot

July 12

A protestor shouts outside parliament during elections for a new executive of the Conservative 1922 committee, which helps set party rules in London, Monday, July 11, 2022. The 1922 committee will immediately meet once the vote has taken place to decide on the rules of the road for the Conservative leadership contest. (AP Photo/Frank Augstein)

London's Heathrow Airport caps daily passenger numbers

London's Heathrow Airport is capping daily passenger numbers for the summer and telling airlines to stop selling tickets as it steps up efforts to quell travel chaos caused by soaring travel demand and staff shortages

July 12

FILE - Travellers queue at security at Heathrow Airport in London, Wednesday, June 22, 2022. London's Heathrow Airport apologized Monday, July 11, 2022 to passengers whose travels have been disrupted by staff shortages. The airport warned that it may ask airlines to cut more flights from their summer schedules to reduce the strain if the chaos persists. (AP Photo/Frank Augstein, File)

Peloton to stop making its own bikes, treadmills

Peloton will stop making its own interactive stationary bikes and treadmills, outsourcing those duties to a Taiwanese manufacturer as it attempts to revive sales that surged during the pandemic

July 12

FILE - This Nov. 19, 2019 photo shows a Peloton logo on the company's stationary bicycle in San Francisco, Calif. Peloton says it's going to stop making its own bikes and treadmills, instead expanding its relationship with Taiwanese manufacturer Rexon Industrial. The move is an attempt to lower costs as the company continues to struggle with fewer people buying its products since COVID-19 restrictions eased. Peloton Interactive Inc. said Tuesday, July 12, 2022 that it will concentrate on its technology and content while simplifying its supply chain. (AP Photo/Jeff Chiu, File)

Deforestation in Brazilian Amazon hits tragic record in 2022

Deforestation in the Brazilian Amazon broke all records for a six month period during the first half of 2022, a sign of increasing destruction during the presidency of Jair Bolsonaro

July 12

Ukraine gets $1.7B in fresh aid to pay health care workers

Ukraine is getting an additional $1.7 billion in assistance from the U.S. government and the World Bank

July 12

DNC ads warn voters that GOP wants nationwide abortion ban

The Democratic National Committee is launching a digital ad campaign to energize its voters after last month's Supreme Court decision overturning Roe v. Wade

July 12

The Supreme Court is seen, Thursday, June 30, 2022, in Washington. (AP Photo/Jacquelyn Martin)

Croatia poised to clear final hurdle to adopting the euro

The European Union is set to remove the final obstacles tp Croatia adopting the euro

July 12

The meeting room of eurozone finance ministers at the European Council building in Brussels, Monday, July 11, 2022. (AP Photo/Olivier Matthys)

US, Japan vow joint efforts on Ukraine, trade, food crisis

U.S. Treasury Secretary Janet Yellen and Japan's finance minister have agreed to cooperate in dealing with challenges from the war in Ukraine and promoting free trade, sustainable energy and food security

July 12

U.S. Treasury Secretary Janet Yellen, right, and Japan's Finance Minister Shunichi Suzuki shake hands during their meeting at the finance ministry in Tokyo, Tuesday, July 12, 2022. Yellen said Tuesday collaboration with Japan was pivotal for the war in Ukraine, free trade and efforts on sustainable energy and food security. (Kyodo News via AP)

How major US stock indexes fared Monday 7/11/2022

Wall Street is back to falling on Monday, ahead of a busy week with updates scheduled for how bad inflation is and how corporate profits are handling it

July 12

Asian shares decline on Wall St slump, China COVID worries

Asian shares are mostly lower after a slump on Wall Street erased recent gains

July 12

Pedestrians walk past the New York Stock Exchange, Friday, July 8, 2022, in New York. Stocks are swinging between small gains and losses as Wall Street works out what to make of surprisingly strong data on the U.S. jobs market released Friday. (AP Photo/John Minchillo)

Unification Church distances itself from Abe's assassination

The Unification Church has confirmed the mother of the man accused of assassinating former Japanese Prime Minister Shinzo Abe is a member

July 11

Tomihiro Tanaka, head of the Japan branch of South Korea's Unification Church, speaks during a press conference in Tokyo, Monday, July 11, 2022. The Japan branch of South Korea's Unification Church acknowledged Monday as its member the mother of the suspect in the assassination of former Prime Minister Shinzo Abe, but denied that it demanded large donations from anyone.(Yohei Fukai/Kyodo News via AP)

Gap CEO Sonia Syngal to step down amid weak sales

Gap Inc. has announced that its CEO and president Sonia Syngal is stepping down from her roles after two years on the job, effective immediately

July 11

Monty Norman, composer of the James Bond theme, dies at 94

British composer Monty Norman of James Bond theme tune fame has died at the age of 94

July 11

British composer Monty Norman is seen in this March 19, 2001 photo. Norman, who wrote the theme tune for the James Bond films, has died. He was 94. A statement posted Monday on Norman's official website said:

Frontier Airlines says it lacks the votes for Spirit merger

It's asking for another potential delay in the vote.

July 11

FLE - A line of Spirit Airlines jets sit on the tarmac at the Orlando International Airport on May 20, 2020, in Orlando, Fla. Spirit announced on Thursday, July 7, 2022, that it would again postpone a vote on the proposed merger with Frontier, a sign that it lacks shareholder support for the merger in the face of a rival bid by JetBlue Airways. Spirit delayed the vote by a week, until July 15. (AP Photo/Chris O'Meara, File)

Twitter, Las Vegas Sands fall; Mullen, La Jolla rise

Stocks that traded heavily or had substantial price changes Monday: Twitter, Las Vegas Sands fall; Mullen, La Jolla rise

July 11

Closing prices for crude oil, gold and other commodities

Closing prices for crude oil, gold and other commodities, and foreign exchange levels

July 11

No-confidence vote fails in France; shows divided parliament

French lawmakers have failed to pass a no-confidence motion requested by a leftist coalition to symbolically mark their opposition to President Emmanuel Macron's government and economic policies

July 11

French President Emmanuel Macron attends a military ceremony at the Invalides monument in Paris, Monday, July 11 2022. The military ceremony is held to honor soldiers of the French Armed Forces. (Christophe Petit Tesson, Pool via AP)

Famed Ukrainian medic describes 'hell' of Russian captivity

A celebrated Ukrainian medic who was held captive by Russian forces says she thinks about the prisoners she left behind constantly

July 11

Ukrainian medic Yuliia Paievska, known as Taira, poses for a photograph during an interview with The Associated Press in Kyiv, Ukraine, on Friday, July 8, 2022. The celebrated Ukrainian medic who was held captive by Russian forces says she thinks about the prisoners she left behind constantly. Before she was captured, Paievska had recorded harrowing bodycam footage showing her team's efforts to save the wounded in the besieged city of Mariupol. (AP Photo/Evgeniy Maloletka)

Fed's Bullard: Solid US economy can handle rising rates

Jobs report points to a solid economy with little sign of recession, he says.

July 11

FILE - In this Nov. 19, 2019 file photo James Bullard, president of the St. Louis Federal Reserve Bank, speaks during an interview in Richmond, Va. Last week's jobs report points to a solid U.S. economy with little sign of a recession on the horizon and one that can withstand higher interest rates, St. Louis Federal Reserve president James Bullard said Monday, July 11, 2022. (AP Photo/Steve Helber, file)

Ex-F1 boss Ecclestone to be charged with fraud over assets

British prosecutors say former Formula One boss Bernie Ecclestone will be charged with fraud by false representation following a government investigation into his overseas assets

July 11

FILE - Former Formula One boss Bernie Ecclestone walks in the paddock during the first free practice at the Yas Marina racetrack in Abu Dhabi, United Arab Emirates, Friday Nov. 23, 2018. British prosecutors say former Formula One boss Bernie Ecclestone will be charged with fraud by false representation following a government investigation into his overseas assets. (AP Photo/Kamran Jebreili, File)

Putin expands fast-track Russian citizenship to all Ukraine

Russian President Vladimir Putin has signed a decree expanding a fast-track procedure to give Russian citizenship to all Ukrainians

July 11

Rescue workers put out the fire of a destroyed car after a Russian attack in a residential neighborhood in downtown Kharkiv, Ukraine, on Monday, July 11, 2022. The top official in the Kharkiv region said Monday the Russian forces launched three missile strikes on the city targeting a school, a residential building and warehouse facilities. (AP Photo/Evgeniy Maloletka)

Macao streets empty after casinos shut to fight outbreak

Casinos and most other businesses were ordered to close.

July 11

FILE - A croupier counts the chips at a baccarat gaming table inside a casino at the Sands Cotai Central in Macao, Sept. 20, 2012. The Asian gambling center of Macao will close all its casinos for a week starting Monday, July 11, and largely restrict people to their homes as it tries to stop a COVID-19 outbreak that has infected more than 1,400 people in the past three weeks. (AP Photo/Kin Cheung, File)

Insider Q&A: Subway North America President Trevor Haynes

Subway has a new recipe for success: fewer stores and a bigger menu

July 11

In this undated photo provided by Subway Restaurants, Trevor Haynes, Subway's North America president, poses for a portrait. (Brad Simon/Subway Restaurants via AP)

Contenders vying to succeed Johnson as next UK leader

A crowded field of contenders is vying to replace Boris Johnson as the next Conservative leader and British prime minister

July 11

FILE - Elizabeth Truss Britain's Secretary of State for Foreign, Commonwealth and Development Affairs speaks to an aide as she leaves Downing Street in London, May 18, 2022. The contest to succeed British Prime Minister Boris Johnson has no single frontrunner but there are many prominent contenders. Truss, 46, took on the high-profile Cabinet post in September after serving as trade minister. She has been gaining momentum as a contender since then and has made no secret of her ambitions. (AP Photo/Alastair Grant, File)

Gas pipeline shutdown starts amid German suspicion of Russia

Germany fears Russia may not fully restart gas supplies.

July 11

The sun rises behind the pipe systems and shut-off devices at the gas receiving station of the Nord Stream 1 Baltic Sea pipeline and the transfer station of the OPAL gas pipeline, Baltic Sea Pipeline Link, in Lubmin, Germany, Monday, July 11, 2022. The Nord Stream 1 pipeline, Germany's main source of Russian gas, is scheduled to be out of action until July 21, 2022, for routine work. The operator said the gas flow was reduced progressively starting at 6 a.m. ( Jens Buettner/dpa via AP)

EU urges second COVID-19 boosters for people ages 60 to 79

The European Union says it's "critical" that authorities in the 27-nation bloc consider giving second coronavirus booster shots to people between the ages of 60 and 79 years and other vulnerable people

July 11

FILE - People queue to get vaccinated against COVID-19 on the first day of a new vaccination center in Lisbon, Wednesday, Dec. 1, 2021. The European Union said Monday, July 11, 2022 it is

London's Heathrow airport apologizes for travel disruptions

London's Heathrow Airport has apologized to passengers whose travels have been disrupted by staff shortages

July 11

FILE - Travellers queue at security at Heathrow Airport in London, Wednesday, June 22, 2022. London's Heathrow Airport apologized Monday, July 11, 2022 to passengers whose travels have been disrupted by staff shortages. The airport warned that it may ask airlines to cut more flights from their summer schedules to reduce the strain if the chaos persists. (AP Photo/Frank Augstein, File)

UK Conservatives jostle in crowded, testy leadership race

Candidates to replace Boris Johnson as Britain's prime minister are scattering tax-cutting promises to woo their Conservative Party electorate

July 11

A woman poses for her own phone picture framed by an underpass arch on the south bank of the River Thames backdropped by the Elizabeth Tower, known as Big Ben, and the Houses of Parliament, in London, Monday, July 11, 2022. Candidates to replace Boris Johnson as Britain's prime minister are scattering tax-cutting promises to their Conservative Party electorate, as party officials prepare Monday to quickly narrow the crowded field of more than ten candidates. (AP Photo/Matt Dunham)

Over-the-counter birth control? Drugmaker seeks FDA approval

A drug company is seeking U.S. approval for the first birth control pill that women could buy without a prescription

July 11

FILE - The U.S. Food and Drug Administration campus in Silver Spring, Md., is photographed on Oct. 14, 2015. A drug company is seeking U.S. approval for the first-ever birth control pill that women could buy without a prescription. The request from a French drugmaker sets up a high-stakes decision for the FDA amid the political fallout from the Supreme Court's recent decision overturning Roe v. Wade. (AP Photo/Andrew Harnik, File)

President and PM: 2 men at heart of Sri Lankan crisis

As Sri Lanka's crisis peaked this weekend, two men in the center of the turmoil brought about by the country's economic collapse promised they would heed the call of tens of thousands of protesters and resign

July 10

FILE- In this photograph provided by the Sri Lankan President's Office, President Gotabaya Rajapaksa, right, greets prime minister Ranil Wickremesinghe during the latter's oath taking ceremony as the new finance minister in Colombo, Sri Lanka, May 25, 2022. Both men Saturday said they would resign, after the country's most chaotic day in months of political turmoil, with protesters storming both officials' homes and setting fire to one of the buildings in a rage over the nation's severe economic crisis. (Sri Lankan President's Office via AP)

Successors to Johnson seek to stand out in crowded UK field

Potential successors to British Prime Minister Boris Johnson are rushing to differentiate themselves from an increasingly crowded field

July 10

Larry the Cat, Britain's Chief Mouser to the Cabinet Office rests in front of 10 Downing Street in London, Friday, July 8, 2022. Britain's Prime Minister Boris Johnson announced that less than three years after becoming prime minister, he was resigning and would remain in office only until a successor emerged.(AP Photo/Frank Augstein)

Report: Uber lobbied, used 'stealth' tech to block scrutiny

Uber lobbied politicians, used "kill switch″ to thwart regulators.

July 10

An Uber sign is displayed inside a car in Palatine, Ill., Thursday, Feb. 10, 2022. As Uber pushed into markets around the world, the ride-sharing service lobbied political leaders to relax labor and taxi laws and used a

Average US gasoline price falls 19 cents to $4.86 per gallon

The average U.S. price of regular-grade gasoline plunged 19 cents over the past two weeks to $4.86 per gallon

July 10

FILE - Gasoline prices are shown at a gas station on June 9, 2022, in Salt Lake City. The average U.S. price of regular-grade gasoline plunged 19 cents over the past two weeks to $4.86 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday, July 10, 2022, that the continued decline comes as crude oil costs also fall. (AP Photo/Rick Bowmer, File)

In Mideast, Biden struggling to shift policy after Trump

Joe Biden took office looking to reshape U.S. foreign policy in the Middle East

July 10

FILE - President Joe Biden speaks in the Roosevelt Room of the White House, Friday, July 8, 2022, in Washington. Biden's visit to the Middle East this week includes meeting with Saudi Arabia's King Salman and crown prince Mohammed bin Salman, the de facto leader of the oil-rich kingdom who U.S. intelligence officials determined approved the killing of a U.S.-based journalist Jamal Khashoggi. (AP Photo/Evan Vucci, File)

'Thor: Love and Thunder' scores franchise best debut

"Thor: Love and Thunder" earned $143 million in its opening weekend in North America, according to studio estimates Sunday

July 10

This image released by Marvel Studios shows Natalie Portman, left, and Chris Hemsworth in a scene from "Thor: Love and Thunder." (Jasin Boland/Marvel Studios-Disney via AP)

Chinese bank depositors face police in angry protest

A large crowd of angry Chinese bank depositors has faced off with police and some were roughed up in a case that has drawn attention because of earlier attempts to use a COVID-19 tracking app to prevent them from mobilizing

July 10

In this photo released by Yang on Sunday, July 10, 2022, people hold banners and chant slogans during a protest at the entrance to a branch of China's central bank in Zhengzhou in central China's Henan Province. A large crowd of angry Chinese bank depositors faced off with police Sunday, some reportedly injured as they were roughly taken away, in a case that has drawn attention because of earlier attempts to use a COVID-19 tracking app to prevent them from mobilising. (AP Photo/Yang)

Sri Lanka opposition meets to install new gov't amid turmoil

The parties met a day after the president and prime minister offered to resign.

July 10

Protesters shout slogans as they stay and play cards in prime minister's official residence a day after it was stormed in Colombo, Sri Lanka, Sunday, July 10, 2022. Sri Lanka's president and prime minister agreed to resign Saturday after the country's most chaotic day in months of political turmoil, with protesters storming both officials' homes and setting fire to one of the buildings in a rage over the nation's severe economic crisis.(AP Photo/Eranga Jayawardena)

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