Associated Press
Latest stories
China to challenge Biden's electric vehicle plans at the WTO

China filed a World Trade Organization complaint against the U.S. on Tuesday over what it says are discriminatory requirements for electric vehicles subsidies.

Starting this year, U.S. car buyers are not eligible for tax credits of $3,750 to $7,500 if critical minerals or other battery components were made by Chinese, Russian, North Korean or Iranian companies. The credits are part of U.S. President Joe Biden's signature climate legislation, named the 2022 Inflation Reduction Act.

W140 Full Story
US and Cyprus to sign a deal to fight money laundering and evasion of Russian sanctions

The United States and Cyprus said Tuesday they're formalizing their collaboration in fighting money laundering, sanctions evasion and other financial crimes with an agreement offering Cypriot law enforcement authorities U.S. expertise.

The FBI and Cypriot police will sign an agreement in the coming days that includes the U.S. Department of Justice offering help to "proactively detect, investigate and prosecute cases involving financial crimes" in Cyprus, according to a joint statement.

W140 Full Story
Trump's social media company soars 40% in its first day of trading on Nasdaq

Shares of Donald Trump's social media company jumped 40% in the first day of trading on the Nasdaq, boosting the value of the former president's large stake in the company in the process.

Trump Media & Technology Group runs the social media platform Truth Social.

W140 Full Story
Visa, Mastercard settle long-running antitrust suit over swipe fees with merchants

Visa and MasterCard announced a settlement with U.S. merchants related to swipe fees, a development that could potentially save consumers tens of billions of dollars.

Swipe fees are paid to Visa, Mastercard and other credit card companies in exchange for enabling transactions. Merchants ultimately pass on those fees to consumers who use credit or debit cards.

W140 Full Story
Netanyahu says Israel won't accept Hamas' 'delusional' demands

Israeli Prime Minister Benjamin Netanyahu on Tuesday said Israel will not accept Hamas’ demands for a cease-fire after the Palestinian group rejected the latest proposal for a truce.

In a statement from his office Tuesday, Netanyahu accused Hamas of being uninterested in proceeding with negotiations toward a deal. He said Hamas’ rejection “served as unfortunate testimony to the damage of the Security Council decision,” which on Monday approved a resolution calling for an immediate cease-fire and the release of all hostages captured by Hamas, without linking the two.

W140 Full Story
No let-up in Gaza war despite UN ceasefire resolution

Prime Minister Benjamin Netanyahu on Tuesday vowed to press ahead with Israel's offensive and blasted a U.N. Security Council resolution calling for a pause in the fighting, saying it had emboldened Hamas to reject a separate proposal for a cease-fire and hostage release.

As the war in Gaza grinds through a sixth month, each side has publicly insisted that its own idea of victory is in reach and rejected international efforts to stem the bloodshed.

W140 Full Story
Netanyahu cancels diplomats' visit to Washington in protest over U.N. vote

Israeli Prime Minister Benjamin Netanyahu has canceled a planned visit to Washington by a high-level delegation to protest Monday’s U.N. Security Council decision calling for an immediate cease-fire in Gaza.

The resolution passed 14-0 on Monday after the U.S. decided not to use its veto power and instead abstained. The U.S. has previously vetoed three resolutions demanding a cease-fire.

W140 Full Story
Aid groups describe 'unimaginable' situation after visiting packed Gaza hospital

Aid groups that visited a packed Gaza hospital described an “unimaginable” situation in which large open wounds were left untreated.

An emergency medical team organized by three aid groups spent two weeks carrying out surgeries and other care at the European Gaza Hospital near Khan Younis. The southern city has seen heavy fighting between Israeli forces and Palestinian militants since the start of the year.

W140 Full Story
Four suspected Moscow attackers held in custody after 137 killed

Four men accused of staging the Russia concert hall attack that killed more than 130 people appeared before a Moscow court Sunday on terrorism charges showing signs of severe beatings. One appeared to be barely conscious during the hearing.

Court statements said two of the suspects accepted their guilt in the assault, though the men's condition raised questions about whether they were speaking freely. There had been conflicting reports in Russian media outlets that said three or all four men admitted culpability.

W140 Full Story
Lebanon detains suspected French drug dealer days after releasing him on bail

Lebanese authorities have detained a suspected French drug dealer a few days after releasing him on bail, judicial officials said.

The officials said members of Lebanon's General Security Directorate detained Abdel Karim Touil at the request of the country's prosecutor general and he was being held at the Justice Palace in Beirut. Officials refused to give any details on whether Touil has a lawyer in Lebanon.

W140 Full Story