Category: AP

Nov 12

A fragile global economy is at stake as US and China seek to cool tensions at APEC summit

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Paul Wiseman Published Nov 12, 2023  •  6 minute read Join the conversation Article content WASHINGTON (AP) — The United States and China are the two global economic heavyweights. Combined, they produce more than 40% of the world’s goods and services. So when […]
Nov 11

Worried Chinese shoppers scrimp, dimming the appeal of a Singles’ Day shopping extravaganza

Article content HONG KONG (AP) — Shoppers in China have been tightening their purse strings, raising questions over how faltering consumer confidence may affect Saturday’s annual Singles’ Day online retail extravaganza. Singles Day, also known as “Double 11,” was popularized by e-commerce giant Alibaba. In the days leading up to the event, sellers on Alibaba […]
Nov 10

The Great Grift: COVID-19 fraudster used stolen relief aid to purchase a private island in Florida

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Richard Lardner Published Nov 10, 2023  •  6 minute read Join the conversation Article content YANKEETOWN, Fla. (AP) — A freshwater spring bubbles amid the mangroves, cabbage palms and red cedars on Sweetheart Island, a two-acre uninhabited patch of paradise about a mile […]
Nov 8

China’s Xi urges countries unite in tackling AI challenges but makes no mention of internet controls

Article content BEIJING (AP) — Chinese President Xi Jinping said Wednesday that potential risks associated with artificial intelligence are challenges that countries should deal with together, remarks that come against the backdrop of China’s rigid control of free speech on the internet. At the same time, China has also maximized the internet’s economic benefits and […]
Nov 8

US plans to build a $553 million terminal at Sri Lanka’s Colombo port in rivalry with China

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Bharatha Mallawarachi And Didi Tang Published Nov 08, 2023  •  4 minute read Join the conversation Article content COLOMBO, Sri Lanka (AP) — The U.S. announced a $553- million project Wednesday to build a new, deep-water shipping container terminal in the Port of […]