Latest Business News

Thailand preparing total ban on import of electronic waste

Jun. 21, 2018 7:50 AM EDT

BANGKOK (AP) — Thai authorities, who began a series of raids last month on factories accused of illegally importing and processing electronic waste, say they may use special powers given to the military government to impose a total ban on the import of such potentially toxic materials. Minister of Natural...

Tariffs stir unrest among American whiskey producers

Jun. 21, 2018 7:29 AM EDT

LOUISVILLE, Ky. (AP) — Much of the rye whiskey aging in hundreds of barrels at Catoctin Creek Distillery in Virginia could end up being consumed in Europe, a market the 9-year-old distilling company has cultivated at considerable cost. But an escalating trade dispute has the distillery's co-founder and...

Treasury chief to outline UK plan to remain a finance hub

Jun. 21, 2018 7:11 AM EDT

LONDON (AP) — Britain's Treasury chief is expected to outline plans to ensure the nation's financial services industry can thrive after the U.K. leaves the European Union when he delivers a speech to top business executives Thursday night. Philip Hammond says in excerpts released ahead of his annual...

Days after buying Time Warner, AT&T launches new TV service

Jun. 21, 2018 6:42 AM EDT

NEW YORK (AP) — AT&T is launching a new streaming service incorporating television networks from the Time Warner company it just bought. The WatchTV service, a cable-like package of more than 30 TV channels delivered over the internet, is an example of the "skinny bundles" coming from telecom and...

EU says tax on Harleys aimed to 'make noise' in trade debate

Jun. 21, 2018 6:35 AM EDT

WELLINGTON, New Zealand (AP) — European Union Trade Commissioner Cecilia Malmstrom said Thursday that the grouping has targeted some iconic American imports like Harley-Davidson motorcycles and bourbon for tariffs in hopes that it will "make noise" and put pressure on U.S. leaders amid a trade dispute. The...

Malaysia to go ahead with skyscraper despite stolen funds

Jun. 21, 2018 5:45 AM EDT

KUALA LUMPUR, Malaysia (AP) — Malaysia said Thursday it will not cancel a skyscraper project billed as the tallest in Southeast Asia, even though 3 billion ringgit ($747 million) from the venture has been misappropriated by the 1MDB state fund linked to former premier Najib Razak. Finance Minister Lim Guan...

Global stocks mixed, investors cautious of US-China tension

Jun. 21, 2018 4:37 AM EDT

TOKYO (AP) — Global stock markets were mixed Thursday amid concern over the trade tensions between the U.S. and China. Uncertainty remains, but the original tariff threats made earlier in the week were not followed through. KEEPING SCORE: Frances CAC 40 was almost unchanged at percent at 5,372.70 in early...

Germany's Daimler lowers 2018 outlook, cites tariffs, diesel

Jun. 21, 2018 3:42 AM EDT

BERLIN (AP) — German automaker Daimler AG has lowered its 2018 earnings outlook, a change that it says is partly due to increased import tariffs for U.S. vehicles in China. The company said late Wednesday that it now sees fewer SUV sales and higher costs at its Mercedes-Benz Cars division than previously...

China says US swinging 'big stick' of unfair trade tactics

Jun. 21, 2018 3:23 AM EDT

BEIJING (AP) — China on Thursday accused the United States of using bullying tactics and blackmail in threatening to impose tariffs on hundreds of billions of dollars of Chinese imports, ramping up criticism that the measures levied in the name of balancing trade would harm both countries' companies and...

Legal pot will roll out differently in Canada than in US

Jun. 21, 2018 2:13 AM EDT

Mail-order weed? You betcha! With marijuana legalization across Canada on the horizon, the industry is shaping up to look different from the way it does in nine U.S. states that have legalized adult recreational use of the drug. Age limits, government involvement in distribution and sales, and access to banking...