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Former President Donald Trump says he will be questioned under oath Wednesday in the New York attorney general’s long-running civil investigation into his dealings as a real estate mogul. Trump posted on his Truth Social account that he is in New York City for the deposition. The New York civil investigation is being led by Attorney General Letitia James and involves allegations that Trump’s company misstated the value of prized assets and misled lenders and tax authorities. FBI agents recently searched his Mar-a-Lago estate in Florida as part of an unrelated federal probe into whether he took classified records when he left the White House.

    Toshiba has reported a 44% improvement in profit in the last quarter as the Japanese technology giant revamps its brand image and seeks to reassure investors about its management. Quarterly sales rose 2%. Toshiba has promised to boost annual sales by forging ahead with clean energy, infrastructure projects, data services, devices and storage businesses. The company said Wednesday that demand for electronic devices and storage and digital solutions, including from the auto sector, was healthy. In March, investors rejected a company-backed reform proposal to split Toshiba into two businesses. An earlier plan that also was scrapped called for a three-way split.

      Serena Williams says she’s stepping away from tennis soon to focus on having a second child. And her lengthy explanation, in an essay for Vogue, is resonating with many women in sports and beyond. They say they can relate only too well to the trailblazing athlete’s words: “Something’s got to give.” Many say they agree with Williams that it’s essentially unfair that women have to make such choices when male athletes don’t, and are recalling their own tough decisions in the struggle to “have it all.” Williams has strongly hinted she’ll retire after this month’s U.S. Open.

        The semiconductor shortage is hitting another of the world's automakers, despite demand for product. Honda’s fiscal first quarter profit has fallen 33% from last year. A global computer chip shortage, a pandemic-related lockdown in China and the rising costs of raw materials hurt the Japanese automaker. Tokyo-based Honda says its profit totaled 149.2 billion yen, or $1.1 billion, for April-June. Quarterly sales slipped 7%. Honda kept its profit forecast for the full fiscal year through March 2023 unchanged. Manufacturers have been scrambling to secure alternative suppliers. Honda sold about 815,000 vehicles last quarter, down from 998,000 a year earlier.

          Hong Kong airline Cathay Pacific Airways says losses in the first half of the year narrowed as a relaxation in quarantine rules boosted passenger numbers. But it cautioned that quarantine restrictions on its crew were limiting the airline’s ability to increase flight capacity. The company reported losses of about $637 million in the first six months, down from $964.5 million in the same period last year. Hong Kong relaxed strict quarantine rules from 14 to seven days in mandatory hotel quarantine earlier this year, and to just three days from Friday. It still remains one of the few places in the world, together with mainland China, to require mandatory quarantine for inbound travelers. The city’s airline is lagging behind competitors like Singapore Airlines.

            China’s 11 million university graduates are struggling in a bleak job market this summer as repeated shutdowns under China’s zero-COVID lockdowns forced companies to retrench and driven many restaurants and other small employers out of business. When Liu Qian entered the job market, she said she felt as if her future had been smashed and didn’t know if she could piece it together. The 26-year-old graduate sent out more than 100 job applications and saw two openings she had interviewed for eliminated before landing a job. Countless others are still looking. China’s job drought echoes the difficulties of young people worldwide to find work in depressed economies.

              A Chinese envoy says Australia’s recent change of government is a chance to “reset” its troubled relationship with China, but the new administration must “handle the Taiwan question with caution.” Chinese Ambassador to Australia Xiao Qian said Wedesday he was “surprised” that Australia had signed a statement with the United States and Japan that condemned China’s firing of missiles into Japanese waters in response to U.S. House Speaker Nancy Pelosi’s visit to Taiwan last week. Xiao would not say when the live-fire military exercises near Taiwan might end. He told the National Press Club an announcement will be made at a “proper time.” The Chinese Foreign Ministry has accused Australia of "interfering in China’s internal affairs.”

              The top South Korean and Chinese diplomats have pledged to develop closer relations and maintain stable industrial supply chains at a time of deepening rivalry between Beijing and Washington. South Korea is struggling to strike a balance between Washington and the increasingly assertive foreign policy of Chinese President Xi Jinping’s government. Foreign Ministers Park Jin and Wang Yi, who are meeting in eastern China, separately called for developing relations based on their nations' successful commercial ties. Park and Wang gave no indication they discussed tension over last week’s visit by U.S. House Speaker Nancy Pelosi to Taiwan, which Beijing claims as its own territory.

              Issey Miyake, who built one of Japan’s biggest fashion brands and was known for his boldly sculpted pleated pieces as well as Apple CEO Steve Jobs’ black turtlenecks, has died. He was 84, and his design office said he died last Friday of liver cancer. Miyake defined an era in Japan’s modern history starting in the 1970s by defining a Japanese vision that was unique from the West. Miyake’s origami-like pleats transformed usually crass polyester into chic. He also used computer technology in weaving to create apparel. His clothing was meant to celebrate the human body, regardless of race, build, size or age.

              Officials say Alaska will receive at least $100 million through a new federal program to expand high-speed internet to underserved areas and promote workforce development. Alaska U.S. Sen. Dan Sullivan coordinated a summit with state, federal and tribal officials in Anchorage, in an effort to ensure parties were on the same page moving forward. Alaska Gov. Mike Dunleavy signed a bill establishing a broadband office to help coordinate between all entities. Sullivan says it is important to seize the opportunity to connect every part of Alaska to broadband.

              A former Twitter employee has been convicted of spying for Saudi Arabia, conspiracy to commit wire fraud and money laundering. Ahmad Abouammo, a U.S. citizen and former media partnership manager for Twitter’s Middle East region, was charged in 2019 with acting as an agent of Saudi Arabia without registering with the U.S. government. The case marked the first time the kingdom, long linked to the U.S. through its massive oil reserves and regional security arrangements, has been accused of spying in America.

              President Joe Biden’s legislative victories have aimed to position the U.S. to “win the economic competition of the 21st century,” but his investments to boost the nation’s technology, infrastructure and climate resilience over the next decade are set against a 90-odd-day clock until the midterms. From turbocharging the U.S. computer chip sector to shifting the nation to a greener economy, the achievements from Biden will take years to come to fruition. Yet Democrats are gambling that the rapid clip of recent accomplishments will persuade a downcast electorate to vote in their party’s favor. Democratic Sen. Brian Schatz of Hawaii says, “It’s a vibe, and the vibe is winning."

              Postmaster General Louis DeJoy says inflation is going to necessitate another rate increase in January. But he said Tuesday that despite inflation and staffing difficulties the Postal Service is well prepared for the November election. He noted that postal carriers already delivered about 40 million ballots to and from voters. He also cautioned against reading too much into quarterly results that for the first time reflected a sweeping overhaul signed into law in April. That resulted in a one-time, non-cash benefit of nearly $60 billion.


              Content by Brand Ave. Studios. The annual Amazon Prime Day is coming July 12 and 13, and per usual will offer discounts on many of your favorite things.

              Content by Brand Ave. Studios. The annual Amazon Prime Day is coming July 12 and 13, and per usual will offer discounts on many of your favorite things.

              Stocks are closing lower on Wall Street as disappointing earnings reports weighed on technology and travel companies. The S&P 500 fell 0.4%, while the Dow Jones Industrial Average and the Nasdaq also slipped Tuesday afternoon. Chipmaker Micron Technology fell after warning investors that revenue could fall short of forecasts because of weakening demand. Norwegian Cruise Line plunged after reporting disappointing financial results and giving investors a weak revenue forecast. Two reports on prices due later this week could signal to investors whether the Federal Reserve’s aggressive rate hikes this year have brought inflation under control.

              Atlantic City casino dealers opposed to smoking indoors are rejecting an idea being floated among state legislators to create designated outdoor smoking areas that employees could opt out of staffing. Pete Naccarelli, a Borgata dealer and a leader of a group of Atlantic City casino workers pushing for a full indoor smoking ban, says the opt-out suggestion is not the solution to protecting workers and customers. A bill to ban smoking inside casinos has sat untouched in the state Legislature since February. An identical bill died in last year’s session, even though Gov. Phil Murphy has said he will sign it.

              The fast-food chain Chipotle Mexican Grill will pay $20 million to current and former workers at its New York City restaurants for violating city labor laws. The settlement between the city and Chipotle was announced Tuesday. It covers about 13,000 employees who worked at the chain’s New York City outlets between 2017 and this year. The $20 million deal is the largest worker protection settlement in New York City history. Scott Boatwright, Chipotle’s chief restaurant officer, said the restaurant chain is pleased to be able to resolve the issues. He said Chipotle has taken steps to improve compliance.

              Missouri voters are set to decide whether to allow recreational marijuana use in the state. The secretary of state's office on Tuesday announced the campaign received enough voter signatures to go on the November ballot. Missouri already allows medical marijuana use. Efforts to legalize recreational marijuana have failed to pass in the Republican-led Legislature, so advocates are turning to voters for approval. Recreational marijuana is already legal in 19 states, and legalization proposals are on the ballot this fall in South Dakota and Maryland. Another Missouri proposal that would allow ranked-choice voting failed to make it on the ballot.

              A Georgia dairy farm has been fined after a release of food waste caused a fish kill. It's a rare instance of government getting involved with a practice that counties can’t regulate despite chronic complaints from residents. The Georgia Environmental Protection Division fined McAvoy Farms, also known as Mar Leta Farms, $5,000 after nearly 1,700 fish died in the Little River in Wilkes County on June 16. The state found that 1.2 million gallons of sludge and other food byproducts overflowed a lagoon and into a creek over a six-week period. Farmers accept the byproducts as what’s called a soil amendment, which can be used in place of traditional fertilizer. Critics call it industrial waste.

              Several countries in Europe dependent on Russian energy are suffering another blow with confirmation that oil shipments have stopped through a critical pipeline. Russia’s state pipeline operator, Transneft, said it had stopped shipments through the southern branch of the Druzhba oil pipeline, which flows through Ukraine to the Czech Republic, Slovakia and Hungary. Transneft cited complications due to European Union sanctions for its action, saying its payment to the company’s Ukrainian counterpart was refused. It says the northern leg of the Druzhba pipeline, which runs through Belarus to Poland and Germany, was unaffected. EU leaders agreed in May to embargo most Russian oil imports but allowed shipments to certain countries in central Europe.

              Kenya is seeing lower voter turnout in an unusual presidential election as some voters cite little hope of change. A longtime opposition leader who is backed by the outgoing president faces the deputy president who styles himself as the outsider. The electoral commission says turnout was 56% an hour before polls closed. Turnout in the previous election was 80%. The election has been close but calm. East Africa’s economic hub could see a presidential runoff for the first time. Economic issues could be of greater importance than the ethnic tensions that have marked past votes. Results must be announced within a week.

              A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress. But the auto industry warns that the vast majority of EV purchases won’t qualify for a tax credit that large. That’s mainly because of the bill’s requirement that, to qualify for the credit, an electric vehicle must contain a battery built in North America with minerals mined or recycled on the continent. And those rules become more stringent over time — to the point where, in a few years, it’s possible that no EVs would qualify for the tax credit.

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