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Business & Tech

VW readies Porsche IPO in one of Europe’s largest listings

FRANKFURT, Germany (AP) — Volkswagen was nearing the finish line Wednesday as it readied the sale of shares in luxury carmaker Porsche ahead of an expected market listing that will rank among the largest such offerings in European history. The German automaker estimates the deal could reap ...

Noem speaks out on grocery tax, promises to repeal it

SIOUX FALLS, S.D. (AP) — South Dakota Gov. Kristi Noem made a campaign promise Wednesday to repeal the state's tax on groceries, changing course to lend outspoken support to a bipartisan proposal she did not publicly endorse in March. The Republican governor made the announcement two days ...

UK central bank intervenes in market to halt economic crisis

LONDON (AP) — The Bank of England took emergency action Wednesday to stabilize U.K. financial markets and head off a crisis in the broader economy after the government spooked investors with a program of unfunded tax cuts, sending the pound tumbling and the cost of government debt ...

Nonprofits help fund immigrants’ legal fights on deportation

As the number of immigrants seeking court permission to avoid deportation grows, foundations in Los Angeles have joined with local governments to direct millions of dollars to pay for lawyers to represent the immigrants, an effort they hope will be copied across the country. Unlike defendants ...

Network nightly newscasts morph, adapt for the streaming age

NEW YORK (AP) — For more than half a century, ABC, CBS and NBC have aired evening newscasts each weeknight on television. This fall, the competition has spread to another medium. The launch of John Dickerson's "CBS News Prime Time" in September means that all three news divisions have ...

Economic storm tests UK’s new leader, alarms Conservatives

LONDON (AP) — New British Prime Minister Liz Truss came under growing pressure Wednesday from opponents — and inside her Conservative Party — to reverse announced tax cuts that are fueling a financial crisis in an already struggling economy. The Bank of England stepped in to buy up ...