Business

A group of major U.S. businesses wants the government to hide key import data -- a move trade experts say would make it more difficult for Americans to link the products they buy to labor abuse overseas. The proposal obtained by The Associated Press was made by an advisory panel comprised of executives from 20 companies, including Walmart, General Motors and Intel.

The rapper formerly known as Kanye West is offering to buy social network Parler shortly after being booted off Twitter and Instagram for antisemitic posts. West, who is legally known as Ye, was locked out of Twitter and Instagram a week ago.

TOKYO (AP) — A new electric car company that brings together two big names in Japanese business, Honda and Sony, has officially kicked off. The companies say they share common values of taking up challenges and serving people’s needs. The electric vehicle from Sony Honda Mobility will go on sale in 2025, with deliveries coming first in the U.S. in early 2026, and in Japan later that year. Pre-orders start 2025.

Delta Air Lines is posting a $695 million profit for the third quarter, which includes much of the peak summer travel season. Delta said Thursday that it expects its fourth-quarter revenue will be higher than the comparable figure from 2019, before the pandemic. Delta's bottom line is getting a boost from higher average fares and a lucrative credit-card business.

WASHINGTON (AP) — Millions of Social Security recipients will get an 8.7% boost in their benefits in 2023. That’s a historic increase and welcome news for American retirees and others — but it’s tempered by the fact that it’s fueled by record high inflation that’s raised the cost of everyday living. that means the average recipient will receive more than $140 a month extra beginning in January.

NEW YORK (AP) — Tens of millions of older Americans are about to get what may be the biggest raise of their lifetimes. On Thursday, the U.S. government is set to announce what's virtually certain to be the largest increase in Social Security benefits in 40 years. The boost is meant to allow beneficiaries to keep up with inflation, and how it's generated stirs plenty of controversy.

MOSCOW (AP) — Russian President Vladimir Putin says that Moscow is ready to resume gas supplies to Europe via a link of the Germany-bound Nord Stream 2 pipeline under the Baltic Sea. Putin told an energy forum in Moscow on Wednesday that the U.S. was likely behind the explosions that ripped through both links of the Nord Stream 1 pipeline and one of the two links of the Nord Stream 2 pipeline.

DAKAR, Senegal (AP) — European leaders are turning to Africa for more natural gas as they try to replace Russian energy amid the war in Ukraine. While Africa’s natural gas reserves are vast and North African countries like Algeria have pipelines already linked to Europe, a lack of infrastructure and security challenges have long stymied producers in other parts of the continent from scaling up exports.

ATLANTA (AP) — Delta Air Lines says it's investing $60 million in a startup that hopes to build electric helicopter-like air taxis to ferry passengers to the airport. Delta announced Tuesday that it could invest up to another $140 million in Joby Aviation as the manufacturer hits key milestones. Joby is among several companies working on electric-powered aircraft that take off and land vertically, like helicopters.

OMAHA, Neb. (AP) — The U.S.'s third largest railroad union rejected a deal with employers Monday, renewing the possibility of a strike that could cripple the economy. Both sides will return to the bargaining table before that happens. Over half of track maintenance workers represented by the Brotherhood of Maintenance of Way Employes Division who voted opposed the five-year contract despite 24% raises and $5,000 in bonuses.

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