Latest Business News

China auto show highlights industry's electric ambitions

Apr. 21, 2018 10:37 PM EDT

BEIJING (AP) — The biggest global auto show of the year showcases China's ambitions to become a leader in electric cars and the industry's multibillion-dollar scramble to roll out models that appeal to price-conscious but demanding Chinese drivers. Auto China 2018, which opens this week, follows Beijing's...

Lobbyist tied to condo met with EPA chief, despite denials

Apr. 21, 2018 9:45 PM EDT

WASHINGTON (AP) — Environmental Protection Agency chief Scott Pruitt met in his office last year with a veteran Washington lobbyist tied to the bargain-priced condo where Pruitt was living. Both Pruitt and lobbyist Steven Hart had previously denied Hart had conducted any recent business with EPA. A...

Mexico, EU reach deal to update trade agreement

Apr. 21, 2018 7:01 PM EDT

MEXICO CITY (AP) — Mexico and the European Union reached a deal to update their nearly 20-year-old free trade agreement on Saturday, including the elimination of tariffs on a number of Mexican agricultural products. President Enrique Pena Nieto, who arrived in Hannover, Germany, in the afternoon to begin a...

Mnuchin expresses optimism for resolution of trade fights

Apr. 21, 2018 5:43 PM EDT

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin expressed cautious optimism Saturday over efforts to resolve trade tensions that have rattled financial markets and clouded the global economic outlook. Mnuchin held a string of meetings over the past three days with financial officials from China, Japan...

The Latest: World Bank approves increase in lending capacity

Apr. 21, 2018 5:40 PM EDT

WASHINGTON (AP) — The Latest on the global finance meetings in Washington (all times local): 5:15 p.m. The World Bank's policy committee has approved a $13 billion increase in the bank's lending capacity. The proposal was approved late Saturday by the World Bank's Development Committee, which sets policies...

Saudi Arabia uses ancient tourist site to alter its history

Apr. 21, 2018 2:22 PM EDT

DIRIYAH, Saudi Arabia (AP) — Just outside Saudi Arabia's capital Riyadh, a group of elementary school children are on a field trip at Diriyah, where engineers and construction workers are busy restoring a 17th-century fortress, mosques and clay-colored structures that were once the ruling family's seat of...

Stars Group doubles down with purchase of Sky Betting

Apr. 21, 2018 1:47 PM EDT

Canadian online-gambling company Stars Group Inc. says it is buying U.K.-based Sky Betting & Gaming in a deal worth $4.7 billion. Stars Group, which owns PokerStars, said Saturday the purchase will create the biggest publicly listed online-gambling company and make it a bigger player in the fast-growing...

After Facebook scrutiny, is Google next?

Apr. 21, 2018 1:20 PM EDT

MENLO PARK, Calif. (AP) — Facebook has taken the lion's share of scrutiny from Congress and the media about data-handling practices that allow savvy marketers and political agents to target specific audiences, but it's far from alone. YouTube, Google and Twitter also have giant platforms awash in more...

Mob Museum in Vegas lets visitors play police officer

Apr. 21, 2018 12:48 PM EDT

LAS VEGAS (AP) — A home invader wearing a ski mask is holding a woman hostage in her bedroom. A police officer immediately starts giving verbal commands, ordering the man to let the woman go, but the intruder refuses and lunges toward the officer with a weapon in hand. The officer then raises her gun and...

Lighting company to send jobs over the border

Apr. 21, 2018 12:20 PM EDT

FALL RIVER, Mass. (AP) — A prominent lighting company is transferring production from a Massachusetts manufacturing facility to Mexico. Company Philips Lighting announced Friday it is laying off 160 employees and sending 100 production jobs to Monterrey, Mexico. The Herald News reports production at the...