Latest Economy News

The Rev. Raphael G. Warnock speaks during the Martin Luther King, Jr. annual commemorative service at Ebenezer Baptist Church in Atlanta on Monday, Jan. 20, 2020. (Branden Camp/Atlanta Journal-Constitution via AP)

Martin Luther King Jr. Day: Faith, politics mix on holiday

Jan. 20, 2020 4:44 PM EST

ATLANTA (AP) — Monday's Martin Luther King Jr. holiday found leaders still wrestling over his contested legacy against the backdrop of a presidential election year. Republicans told a sometimes cool crowd at Ebenezer Baptist Church in Atlanta that they were honoring King's civil rights legacy of service...

President Donald Trump returns to the White House in Washington, Sunday, Jan. 19, 2020, from a campaign trip to Austin, Texas. (AP Photo/Manuel Balce Ceneta)

Trump heads to Switzerland with Senate trial to reconvene

Jan. 20, 2020 3:06 PM EST

WASHINGTON (AP) — When President Donald Trump’s historic impeachment trial is called to order in the Senate this week, he won’t be watching from inside the chamber or on television from the White House. He'll be thousands of miles away at the Davos economic forum in the Swiss Alps, trying to...

Meng Wanzhou, chief financial officer of Huawei leaves her home in Vancouver, Monday, January, 20, 2020. A court hearing begins today in Vancouver over the American request to extradite an executive of the Chinese telecom giant Huawei on fraud charges. (Jonathan Hayward/The Canadian Press via AP)

Huawei exec extradition hearing begins in Canada

Jan. 20, 2020 2:12 PM EST

VANCOUVER, British Columbia (AP) — The first stage of an extradition hearing for a senior executive of Chinese tech giant Huawei started in a Vancouver courtroom M onday, a case that has infuriated Beijing, caused a diplomatic uproar between China and Canada and complicated high-stakes trade talks between...

Riot police stand guard during clashes with anti-government protesters, during ongoing protests against the political elites who have ruled the country for decades, in Beirut, Lebanon, Sunday, Jan. 19, 2020. Lebanese security forces used tear gas, water cannons and rubber bullets in clashes with hundreds of anti-government protesters outside the country's Parliament on Sunday, as violence continued to escalate in a week of rioting in the capital. (AP Photo/Hassan Ammar)

Lebanese officials vow to step up security after riots

Jan. 20, 2020 12:59 PM EST

BEIRUT (AP) — Lebanon's top security officials vowed Monday to crack down on vandalism after a week of rioting in Beirut that left hundreds of people injured and damaged public and private property — violence that comes against the backdrop of a deepening political deadlock. The announcement...

Klaus Schwab, founder of the World Economic Forum, delivers a welcome message on the eve of the annual meeting of the World Forum in Davos, Switzerland, Monday, Jan. 20, 2020. The 50th annual meeting of the forum will take place in Davos from Jan. 21 until Jan. 24, 2020. (AP Photo/Markus Schreiber)

Climate not considered a top 10 risk by CEOs - survey

Jan. 20, 2020 12:34 PM EST

DAVOS, Switzerland (AP) — Climate issues are set to be one of the main talking points at the World Economic Forum in the Swiss ski resort of Davos this week, but a survey of CEOs released Monday shows that they are not even ranked among the top ten threats to business growth. In its annual report ahead of...

Signs point up for small manufacturers, home remodelers

Jan. 20, 2020 12:15 PM EST

NEW YORK (AP) — Recent economic indicators point to an easier time ahead for small manufacturers and companies in the home remodeling industry. A decline in the home repair and remodeling market that began in the first quarter of 2019 is projected to end with the third quarter of this year, according to...

Britain's Prince Harry and Prime Minister Boris Johnson, left, at the UK Africa Investment Summit in London, Monday Jan. 20, 2020. Boris Johnson is hosting 54 African heads of state or government in London. The move comes as the U.K. prepares for post-Brexit dealings with the world. (Stefan Rousseau/Pool via AP)

UK looks to fast-growing Africa for trade ties after Brexit

Jan. 20, 2020 10:39 AM EST

LONDON (AP) — British Prime Minister Boris Johnson and Prince Harry touted the U.K. as an ideal business partner for Africa on Monday as their country prepares for post-Brexit dealings with the world. But Britain faces tough challenges as it seeks to assert itself on a continent with several of the...

French President Emmanuel Macron delivers a speech as he visits a plant of British-Swedish pharmaceutical group Astrazeneca in Dunkirk, northern France, Monday, Jan. 20, 2020. French President Emmanuel Macron is hosting 180 international business leaders later today at the Palace of Versailles in a bid to promote France's economic attractiveness despite over six weeks of crippling strikes over his government's planned pension changes.(Denis Charlet/Pool Photo via AP)

France's Macron tells global CEOs: we're open for business

Jan. 20, 2020 10:01 AM EST

PARIS (AP) — France's president is taking on the role of salesman in chief for his strike-battered country. Emmanuel Macron used the splendor of the Palace of Versailles to woo international business leaders on Monday, insisting that his reforms are attracting investors despite six weeks of crippling...

Iran's Foreign Minister Mohammad Javad Zarif, center, arrives prior to a meeting with his Venezuelan counterpart in Tehran, Iran, Monday, Jan. 20, 2020. Iran's top diplomat has cancelled his trip and will not be attending the Davos Forum, the Iranian Foreign Ministry said Monday amid a crisis with Washington and disputes with Europe over Iran's nuclear steps. (AP Photo/Vahid Salemi)

Iran's foreign minister cancels attendance at Davos summit

Jan. 20, 2020 9:33 AM EST

TEHRAN, Iran (AP) — Iran's top diplomat has cancelled his trip and will not be attending the Davos Forum, the Iranian Foreign Ministry said Monday amid a crisis with Washington and disputes with Europe over Iran's nuclear steps. The summit in the Swiss resort also comes after Iran earlier this month shot...

Migrants from Bangladesh push a trolley with collected plastic items as they pass in front the Bank of Greece headquarters in Athens, Thursday, Jan. 16, 2020. (AP Photo/Thanassis Stavrakis)

Creditors start checkup as Greece seeks lower budget targets

Jan. 20, 2020 8:29 AM EST

ATHENS, Greece (AP) — Officials from Greece's bailout-creditor institutions are in Athens for an inspection of the country's public finances, as the center-right government is pressing for more lenient budget performance targets. The weeklong inspection began Monday, and involves the European Commission,...