AP Business Roundup at 5:52 p.m. EDT

AP Business Roundup at 5:52 p.m. EDT

Flashy Dubai will cash in on a World Cup just a short flight away

DUBAI, United Arab Emirates (AP) — The FIFA World Cup may draw as many as 1.2 million fans to Qatar, but the flashy nearby emirate of Dubai is also looking to cash in on the major sporting tournament taking place next week. a short flight away. . Some soccer fan clubs already say they will travel to Qatar during the cup on 45-minute flights from Dubai, the skyscraper-studded beachfront city-state in the United Arab Emirates. Dubai’s airlines, bars, restaurants, shopping malls and other attractions are hoping to benefit, further boosting its recovering tourism industry in the crucial fall and winter months and after the shocks dealt by the coronavirus pandemic.

Musk tweets link to baseless conspiracy theory

WASHINGTON (AP) — Elon Musk tweeted a link to an unfounded rumor about the attack on House Speaker Nancy Pelosi’s husband, just days after Musk’s purchase of Twitter raised concerns that the platform of social networks will no longer try to limit misinformation and hate speech. Musk’s tweet, which he later deleted, was linked to an article by a fringe website, the Santa Monica Observer, which previously claimed that Hillary Clinton died on 9/11 and was replaced by a body double. In this case, the article recycled an unsubstantiated claim that the personal life of Paul Pelosi, the speaker’s husband, somehow played a role in last week’s intruder attack on the couple’s San Francisco home. There is no evidence to support that claim.

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Concerns Mount as Russia Resumes Ukraine Grain Blockade

KYIV, Ukraine (AP) — Russia has resumed its blockade of Ukrainian ports, cutting off urgently needed grain exports to hungry parts of the world. US President Joe Biden called the move a “really outrageous” act and warned that world hunger could increase. Russia has suspended a UN-brokered deal to allow safe passage for ships carrying grain from Ukraine, one of the world’s breadbaskets. The Kremlin took the step because it alleged Ukraine staged a drone attack on Russia’s Black Sea Fleet off occupied Crimea. Ukraine has denied the attack. The Ukrainian Ministry of Infrastructure reported that a total of 218 ships involved in grain exports have been blocked. Ukrainian President Volodymyr Zelenskky said in a video on Sunday that “Russia is blackmailing the world with hunger.”

Powerball Grand Prize Rises To $1 Billion Without A Jackpot Winner

DES MOINES, Iowa (AP) — The Powerball jackpot keeps growing because players keep losing. It happened again on Saturday night when no one matched all six numbers and he won the estimated $825 million grand prize. That means the next draw on Monday night will be for $1 billion via an annuity or $497.3 million in cash. The winning numbers on Saturday night were: white balls 19, 31, 40, 46, 57 and the red ball 23. One ticket holder from Florida got $2 million by matching all five white balls and six tickets won $1 million each. one, including two in California, two in Michigan, one in Maryland and one in Texas. Monday’s jackpot increase will remain the fifth largest in US history. The largest prize was a $1.586 billion Powerball jackpot won by three ticket holders in 2016.

Musk takes over Twitter and faces a crash course in social media

Twitter’s new owner, self-styled “free speech absolutist” Elon Musk, is about to get a crash course in global content moderation. Among his first moves after completing his $44 billion acquisition was firing top executives at the social media platform, including the woman in charge of trust and safety on the platform. He also posted a conciliatory note to wary advertisers, assuring them that he will not allow Twitter to become a “free-for-all hellscape.” The problem is that not even the richest man in the world can have both. And at least one major, tough advertiser wasn’t convinced he could pull it off. GM said on Friday that it was pausing advertising on Twitter.

Imminent US and Brazil Elections Put Musk’s Twitter to the Test

Crucial elections in Brazil and the United States are likely to pose the first big challenges for Elon Musk and his promise to relax content moderation on Twitter. The new owner of the platform has said that he wants to relax the rules created by Twitter to stop the flow of misinformation. Disinformation experts say a torrent of misinformation is already hitting voters in both Brazil and the U.S. If Musk makes good on his promise quickly, they say, that torrent could turn into a flood. One of Musk’s first moves was to fire the executive in charge of content moderation. He says a new committee will review the platform’s policies before any changes are made.

Workers leave iPhone factory in Zhengzhou amid COVID restrictions

HONG KONG (AP) — Workers at a manufacturing plant in the central Chinese city of Zhengzhou appear to have left to avoid COVID-19 restrictions. Many were traveling on foot days after an unknown number of Foxconn factory workers were quarantined at the facility following a virus outbreak. Videos circulating on Chinese social media platforms show people believed to be Foxconn workers climbing fences and carrying their belongings on foot down the road. Foxconn’s Zhengzhou plant is one of the largest factories in China that assembles products for Apple Inc., including its latest iPhone 14 devices. Cities around Zhengzhou have asked Foxconn workers to report their return with in advance so that they can undergo appropriate isolation measures.

Faced with the harsh winter, tourism roars again in the Mediterranean

CAPE SOUNION, Greece (AP) — Tourism is rebounding from the coronavirus pandemic more strongly than many expected. That’s partly due to the strength of the US dollar and pent-up travel demand in Europe after years of COVID-19 restrictions. It is a boon to the economies of southern European countries like Greece, Italy, Spain and Cyprus. The travel bug has also helped ease the continent’s tilt toward recession brought on by skyrocketing energy prices, the war in Ukraine and long-lasting disruptions from the pandemic. But experts warn the recovery is unlikely to last and hopes of building year-round holiday destinations are being stalled by a lack of long-term planning in Mediterranean economies.

Poland chooses the United States to build its first nuclear power plant

WARSAW, Poland (AP) — Poland says it has chosen the US government and Westinghouse to build its first nuclear power plant. The announcement is an important step in the central European nation’s efforts to burn less coal and gain greater energy independence. Prime Minister Mateusz Morawiecki announced Friday night that Poland’s nuclear power project will use Westinghouse’s “reliable and safe technology.” He said that a strong alliance between Poland and the United States “guarantees the success of our joint initiatives.” US Energy Secretary Jennifer Granholm said the $40 billion project would create or retain more than 100,000 jobs for American workers. She said that she also sent a message to Russia that it would no longer be allowed to “arm” the energy.

Feds Unveil Plan to Increase Wind Power and Protect Rare Whales

PORTLAND, Maine (AP) — The federal government has outlined a strategy to try to protect an endangered whale species while developing offshore wind power on the East Coast. The administration of President Joe Biden has made it a priority to promote offshore wind power along the Atlantic coast as the US pursues greater energy independence. Those waters are also home to the declining North Atlantic right whale, which numbers around 340 in the world. The National Oceanic and Atmospheric Administration and the Office of Ocean Energy Management released a draft plan this month to conserve whales while building wind projects.

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