Latest Business News

China's economy slowed in the last quarter as weak consumer demand dragged on growth

Jul. 14, 2024 22:18 PM EDT

BANGKOK (AP) — China's economy expanded at a slower-than-forecast 4.7% annual rate in the last quarter, the government reported Monday. That was sharply below the 5.3% annual pace of growth seen in the first quarter of the year. Economists say weak consumer demand...

China reports its economy slowed in the last quarter, expanding 4.7% in annual terms

Jul. 14, 2024 22:12 PM EDT
BEIJING (AP) — China reports its economy slowed in the last quarter, expanding 4.7% in annual terms.

China's Communist Party will signal its approach to the country's challenges at a meeting this week

Jul. 14, 2024 21:57 PM EDT

BEIJING (AP) — China's ruling Communist Party is starting a four-day meeting Monday that is expected to lay out a strategy for self-sufficient economic growth in an era of heightened national security concerns and restrictions on access to American technology. While the meeting...

Venice nets $2.2 million in day-tripper tax pilot. Opponents say it failed to deter visitors

Jul. 14, 2024 20:32 PM EDT

VENICE, Italy (AP) — Venice on Sunday wrapped up a pilot program charging day-trippers an entrance fee, more than 2 million euros ($2.2 million) richer and determined to extend the levy, but opponents in the fragile lagoon city called the experiment a failure. Several dozen...

Texas Gov. Greg Abbott demands answers as customers remain without power after Beryl

Jul. 14, 2024 18:47 PM EDT

DALLAS (AP) — With around 350,000 homes and businesses still without power in the Houston area almost a week after Hurricane Beryl hit Texas, Gov. Greg Abbott on Sunday said he's demanding an investigation into the response of the utility that serves the area as well as answers about its...

‘Despicable Me 4’ reigns at box office, while ‘Longlegs’ gets impressive start

Jul. 14, 2024 14:13 PM EDT

Gru and the minions celebrated a second week in first place at the North American box office this weekend, while a small horror movie called “Longlegs” upset the starry $100 million "Fly Me to the Moon." The supremacy of “ Despicable Me 4 ” was hardly a surprise, as the...

Amazon Prime Day deals are almost here. Should you take advantage of them?

Jul. 14, 2024 12:15 PM EDT

NEW YORK (AP) — It's summertime, and the bargains seem easy at a time when many consumer prices are high. July sales events have become a seasonal revenue driver for the retail industry since Amazon launched its first Prime Day back in 2015. While consumers may be enticed by the...

How reggaeton stars are driving a basketball boom in Puerto Rico

Jul. 14, 2024 01:53 AM EDT

CAROLINA, Puerto Rico (AP) — Vianca Braña never used to attend basketball games in her hometown of Carolina, Puerto Rico — or anywhere else in the United States territory. But in recent years, the 23-year-old has left the arena with a hoarse voice, often wearing a T-shirt that reads...

The first Titanic voyage in 14 years is happening in the wake of submersible tragedy. Hopes are high

Jul. 14, 2024 00:56 AM EDT

PORTLAND, Maine (AP) — The company that owns the salvage rights to the Titanic is undertaking its first expedition to the ship's wreckage in years, and those involved in the mission said they have both heavy hearts and lofty goals for a trip happening a year after a submersible disaster involving...

After Beryl, Houston-area farmers pull together to face unique challenges

Jul. 14, 2024 00:12 AM EDT

PORTER, Texas (AP) — Hurricanes cause trouble for everyone, but farmers have a whole other list of problems. Beryl has been no exception: Over the past week, the storm damaged crops, soaked rabbits and chickens, terrified goats, put horses at risk of developing colic and left cows...