Business

China’s central bank says it will cut its reserve requirements for banks to help spur more lending and boost the economy

NICOSIA, Cyprus — Cyprus has made headway in weaning itself off Russian cash and business as it tries to clean up its image, according to official figures, while a visiting team of U.S. officials is helping the government look at cases of alleged sanctions-busting. According to figures obtained by The Associated Press on Wednesday, Russian…

Every year Edmunds’ experts put their heads together to determine the best new vehicles on sale. The annual Edmunds Top Rated Awards are given to the cars, trucks and SUVs that rank at the top of their class according to Edmunds’ vehicle testing program. That means each winner has been tested at the Edmunds test…

LONDON — Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce, saying its number of employees and costs have exceeded how much the business is growing in a slowing economy. It marks the latest layoffs in the tech industry. CEO Jamie Iannone said in a message to…

WASHINGTON — After an extended period of gloom, Americans are starting to feel better about inflation and the economy — a trend that could sustain consumer spending, fuel economic growth and potentially affect President Joe Biden’s political fortunes. A measure of consumer sentiment by the University of Michigan has jumped in the past two months…

PARIS — French farmers staged protests Wednesday across the country and in Brussels against low wages and what they consider to be excessive regulation, mounting costs and other problems. Roadblocks were spreading in many French regions, one day after a farmer and her daughter died due to a traffic collision at a protest barricade. Farmers…

BANGKOK — China’s central bank said Wednesday it will cut the ratio of reserves banks must hold to help boost the slowing economy. The announcement by the People’s Bank of China prompted a surge in share prices in Chinese markets, with Hong Kong’s benchmark jumping 3.6%. Chinese stock markets have languished in recent months as…

ULAANBAATAR, Mongolia — A truck carrying 60 tons of liquefied natural gas and a car collided at an intersection in the Mongolian capital early Wednesday, causing a massive fireball and a series of explosions that killed three firefighters and injured 11 people, officials said. Images showed the huge blaze at the scene of the crash…

WASHINGTON — President Joe Biden will be the keynote speaker Wednesday at a United Auto Workers’ political convention as he works to sway blue-collar workers his way in critical auto-making swing states such as Michigan and Wisconsin. Biden will speak as the union closes out a three-day gathering in Washington to chart its political priorities…

BANGKOK — Japan’s exports surged almost 10% in December from a year earlier, helped by a revival in trade with China and strong demand for vehicles, machinery and computer chips. Imports fell almost 7%, leaving a trade surprise of 62 billion yen ($410 million), according to preliminary customs data released Wednesday. A weak Japanese yen…