Latest Business News

Brexit delay gives UK more time to solve political crisis

Mar. 22, 2019 5:16 AM EDT

BRUSSELS (AP) — Extra time has been added to the Brexit countdown clock. The European Union has granted Britain a few more weeks to overcome its political deadlock and chart a smooth road out of the bloc — or change its mind and seek a much longer delay. Here's a look at what might happen next: DEAL...

EU shows united front on Brexit, loss of confidence in May

Mar. 22, 2019 4:55 AM EDT

BRUSSELS (AP) — European Union leaders took back control of the Brexit process from British Prime Minister Theresa May, saying Friday they believe the risks were too great and that action was needed to protect the smooth running of the world's biggest trading bloc. May's mantra since the Brexit referendum...

China chemical plant blast kills 47, injures hundreds more

Mar. 22, 2019 4:30 AM EDT

BEIJING (AP) — A massive explosion at a chemical plant in eastern China with a long record of safety violations has killed at least 47 people and injured hundreds of others, 90 of them seriously. Thursday's blast in an industrial park in the city of Yancheng, north of Shanghai, was one of China's worst...

China's leader visits Italy with eye on infrastructure deal

Mar. 22, 2019 3:40 AM EDT

MILAN (AP) — Chinese President Xi Jinping is launching a two-day official visit aimed at deepening economic and cultural ties with Italy through an ambitious infrastructure building program that has raised suspicions among Italy's U.S. and European allies. Xi will be received Friday by President Sergio...

Mother Russia: South Florida sees a boom in 'birth tourism'

Mar. 22, 2019 3:17 AM EDT

MIAMI (AP) — Every year, hundreds of pregnant Russian women travel to the United States to give birth so that their child can acquire all the privileges of American citizenship. They pay anywhere from $20,000 to sometimes more than $50,000 to brokers who arrange their travel documents, accommodations and...

Asian stocks mixed on doubts over US-China trade deal

Mar. 22, 2019 3:04 AM EDT

SINGAPORE (AP) — Asian markets were mixed on Friday as caution set in ahead of U.S.-China trade talks in Beijing next week. The Shanghai Composite index was 0.1 percent lower at 3,097.81 while the Kospi in South Korea rose 0.1 percent to 2,186.95. Australia's S&P ASX 200 gained 0.5 percent to 6,195.20....

The Latest: Dutch PM: Britain could walk out without deal

Mar. 22, 2019 1:37 AM EDT

BRUSSELS (AP) — The Latest on Brexit (all times local): 1 a.m. Dutch Prime Minister Mark Rutte says the United Kingdom now could walk out without a deal on April 12, but he expects it to seek more time under any circumstance. Rutte said that "they can say, in theory, that on 12th of April we are getting...

AP Exclusive: Guaido's Citgo snubs US execs in Caracas jail

Mar. 22, 2019 1:21 AM EDT

BOGOTA, Colombia (AP) — When the Trump administration paved the way for Venezuelan opposition leader Juan Guaido to name a new board to run the U.S. affiliate of Venezuela's state oil company, it was a rare glimmer of hope for the American families of six oil executives jailed for over a year without a...

Asian stocks stumble on doubts over US-China trade deal

Mar. 22, 2019 12:16 AM EDT

SINGAPORE (AP) — Asian markets were mostly lower on Friday as caution set in ahead of U.S.-China trade talks in Beijing next week. The Shanghai Composite index gave up 0.8 percent to 3,077.56 and Hong Kong's Hang Seng lost 0.5 percent to 28,913.55. The Kospi in South Korea was flat at 2,184.94. Japan's...

Venezuela is key topic between Trump and Caribbean leaders

Mar. 22, 2019 12:09 AM EDT

WASHINGTON (AP) — The political and economic crisis in Venezuela tops the agenda of President Donald Trump's meeting Friday with leaders from the Caribbean, a region that has been far from united in joining the U.S. call for the ouster of President Nicolas Maduro. Trump is hosting the leaders of Jamaica,...