Latest Business News

The Latest: Brexit rumblings as PM Johnson postpones meeting

Oct. 15, 2019 6:05 AM EDT

LUXEMBOURG (AP) — The Latest on Brexit (all times local): 11:55 a.m. Britain's chief Brexit minister has made a last-minute trip to meet European Union colleagues and British Prime Minister Boris Johnson has postponed a Cabinet meeting — signs that talks on an EU divorce deal are reaching a critical...

China says postal fees to rise after US complaint

Oct. 15, 2019 5:57 AM EDT

BEIJING (AP) — Fees paid by China to the United States and other countries to deliver packages will nearly triple through 2025 under an agreement by the global postal union following complaints by Washington, the Chinese post office said Tuesday. Payments will rise 27% next year and by 164% in total...

Climate activists in London shift site but keep up protests

Oct. 15, 2019 5:52 AM EDT

LONDON (AP) — Climate protesters in London plan to keep up their campaign despite being ousted by police order from their Trafalgar Square encampment. The Metropolitan Police had said Extinction Rebellion protesters and their tents must leave the square by Monday evening. The force said it was a...

UK labor market weakening amid Brexit uncertainty

Oct. 15, 2019 5:44 AM EDT

LONDON (AP) — Official figures suggest that the U.K. labor market is weakening amid all the Brexit uncertainty. The Office for National Statistics said Tuesday that the number of people in work dropped by 56,000 in the three months to August from the previous three-month period to 32.69 million. That's the...

Hong Kong's leader: Territory not becoming a police state

Oct. 15, 2019 5:30 AM EDT

HONG KONG (AP) — Hong Kong's leader said Tuesday that "it's totally irresponsible and unfounded" to suggest the semi-autonomous Chinese territory is becoming a police state as her government grapples with protests now in their fifth month. In a spirited defense of Hong Kong's 30,000-strong police force and...

Report: Deutsche Bank gave lavish gifts to China's leaders

Oct. 15, 2019 4:52 AM EDT

BERLIN (AP) — German newspaper Sueddeutsche Zeitung reports that Deutsche Bank gave expensive gifts to senior Chinese officials at a time when it was trying to establish itself as a major player in China's financial industry. Together with German public broadcaster WDR and the New York Times, the newspaper...

World shares mostly higher after wobbly day on Wall Street

Oct. 15, 2019 4:45 AM EDT

BANGKOK (AP) — Shares were mostly higher in Europe and Asia on Tuesday after a wobbly day of trading on Wall Street. Germany's DAX advanced 0.4% to 12,532.50 and the CAC 40 in Paris gained 0.6% to 5,674.85. London's FTSE 100 was nearly unchanged at 7,215.74. In New York, futures were higher, with the...

China tempers hopes about US tariff truce

Oct. 15, 2019 4:15 AM EDT

BEIJING (AP) — A truce in a U.S.-Chinese tariff war and Beijing's promises to open more of its state-dominated economy are raising hopes among investors. But Beijing has tempered expectations, while companies express frustration over the halting pace of market-opening moves. The China Daily, an...

Online retailer Zalando sets diversity target for management

Oct. 15, 2019 3:48 AM EDT

BERLIN (AP) — Online fashion retailer Zalando says it wants at least 40% of its senior managers to be women within four years, following recent criticism that all five members of its management board are men. The Berlin-based company said Tuesday that it "aims for a balanced representation of women and men...

Flooded bullet trains show Japan's risks from disasters

Oct. 15, 2019 3:20 AM EDT

TOKYO (AP) — The typhoon that ravaged Japan last week hit with unusual speed and ferocity, leaving homes buried in mud and people stranded on rooftops. But nothing spoke more of the powerlessness of modernization against natural disasters than rows of bullet trains deluged in floodwaters in Nagano, a...