Latest Business News

Macron expected to raise Carlos Ghosn case with Japan's Abe

Aug. 22, 2019 8:31 AM EDT

PARIS (AP) — The wife of Carlos Ghosn is urging French President Emmanuel Macron to intercede on behalf of the former chairman of Nissan and Renault when he meets with Japanese Prime Minister Shinzo Abe at the G-7 summit in France. The appeal is Carole Ghosn's latest effort to pressure Japan into improving...

European Central Bank weighs best type of economic stimulus

Aug. 22, 2019 8:27 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank is weighing a package of stimulus measures including an interest rate cut and new bond purchases to counter worries that growth is slowing more than expected. The written account of the July 25 meeting released Thursday cites discussion that a package...

UK's Johnson presses for fresh Brexit talks in Paris

Aug. 22, 2019 8:25 AM EDT

PARIS (AP) — British Prime Minister Boris Johnson exuded confidence Thursday as he pressed French President Emmanuel Macron to accept his request to reopen Brexit negotiations, meeting in Paris on the second stop of his first European tour as U.K. leader. After ticking off examples of close ties between...

Protesters skeptical as G7 claims anti-globalization mantle

Aug. 22, 2019 8:25 AM EDT

PARIS (AP) — The G-7 summit has for the first time co-opted the message of its protesters: Capitalism has led to damaging inequalities and environmental degradation that has harmed the global economy and a handful of rich countries can't be the only ones making decisions for the world. Thousands of people...

Global stocks subdued as investors seek more clues on Fed

Aug. 22, 2019 7:54 AM EDT

BEIJING (AP) — Global stock markets were subdued Thursday following Wall Street's rebound as investors looked ahead to a speech by the U.S. Federal Reserve chairman for clues about possible interest rate cuts. Investor reaction was muted following Wednesday's release of notes from the latest Fed meeting...

Why streaming services are the new credit card rewards binge

Aug. 22, 2019 7:40 AM EDT

When it comes to credit card rewards, it's not all about gas, groceries and restaurants anymore. Issuers are moving beyond suburban staples to include millennial-friendly categories such as transit and streaming subscriptions. The trend toward streaming rewards, in particular, is hard to miss, with cards from...

The Latest: Macron says Irish backstop is indispensable

Aug. 22, 2019 7:36 AM EDT

PARIS (AP) — The Latest on British Prime Minister Boris Johnson's effort to reopen Brexit talks on European trip (all times local): 1:30 p.m. French President Emmanuel Macron says the Irish backstop is "indispensable" in a Brexit deal. Welcoming British Prime Minister Boris Johnson to the courtyard of his...

French President Emmanuel Macron says the Irish backstop is 'indispensable' in a Brexit deal

Aug. 22, 2019 7:25 AM EDT
PARIS (AP) — French President Emmanuel Macron says the Irish backstop is 'indispensable' in a Brexit deal.

S. Korea cancels Japan intelligence deal amid trade dispute

Aug. 22, 2019 7:04 AM EDT

SEOUL, South Korea (AP) — South Korea will stop exchanging classified intelligence on North Korea with Japan amid a bitter trade dispute, an official said Thursday, a surprise announcement that is likely to set back U.S. efforts to bolster security cooperation with two of its most important allies in the...

Report shows US deficit to exceed $1 trillion next year

Aug. 22, 2019 6:18 AM EDT

WASHINGTON (AP) — The federal budget deficit is expected to balloon to more than $1 trillion in the next fiscal year under the first projections taking into account the big budget deal that President Donald Trump and Congress reached this summer, the Congressional Budget Office reported. The return of $1...