Latest Economy News

Report: Honda to shut UK plant, imperiling 3,500 jobs

Feb. 18, 2019 10:11 AM EST

LONDON (AP) — Honda will close a car factory in western England with the potential loss of 3,500 jobs, British media and a local lawmaker said Monday, in another blow to a British economy made jittery by Brexit. Sky News said the Japanese carmaker is to announce Tuesday that the Swindon plant will close in...

EU to react swiftly if Trump slaps tariffs on EU cars

Feb. 18, 2019 7:27 AM EST

BRUSSELS (AP) — The European Union says that its reaction will be "swift and adequate" if U.S. authorities conclude that European cars are a threat to national security and should be hit with punitive tariffs. The U.S. Commerce Department is expected to issue soon an opinion on whether auto imports...

World stocks mostly rise ahead of more China-US trade talks

Feb. 18, 2019 7:19 AM EST

SINGAPORE (AP) — World stocks mostly rose on Monday ahead of more trade talks between Chinese and American officials in Washington this week. After Asia closed higher, France's CAC 40 gained 0.1 percent to 5,157 while the DAX in Germany eased 0.2 percent to 11,272. Britain's FTSE 100 also shed 0.2 percent...

Iranian president: US sanctions are 'economic war' on Iran

Feb. 18, 2019 6:28 AM EST

TEHRAN, Iran (AP) — Iran's president on Monday described U.S. sanctions imposed on Iran as an economic war being waged on his country and stressed that "economic war is more difficult than military war." Hassan Rouhani spoke as he inaugurated the third and final phase of the sprawling Persian Gulf Star...

AP FACT CHECK: Trump spins fiction about diversity visas

Feb. 18, 2019 12:38 AM EST

WASHINGTON (AP) — President Donald Trump is going after the "horror show" known as the diversity visa lottery program. His description of it is pure fiction. The president offered a multitude of fabrications and partial truths over the past week on the subject of immigration — both the legal and...

China's leaders want more babies, but local officials resist

Feb. 17, 2019 11:37 PM EST

BEIJING (AP) — Facing a future demographic crisis and aging society, China's leaders are desperately seeking to persuade couples to have more children. But bureaucrats don't seem to have gotten the message, fining a couple in a recent widely publicized case for having a third child against the strict...

The Latest: Booker talks policy, plays Pac-Man at barcade

Feb. 17, 2019 11:16 PM EST

The Latest on the Democratic presidential candidates (all times EST): 11:15 p.m. Amid music from video games and the ringing of pinball machines and the sound of cans of domestic and craft beers cracking open, Booker talked policy with local Democrats at a "barcade" in Manchester, New Hampshire. "I have done...

Asian stocks rally on hope of further China-US trade talks

Feb. 17, 2019 10:32 PM EST

SINGAPORE (AP) — Asian markets were broadly higher on Monday as traders looked forward to the continuation of trade talks between Chinese and American officials in Washington this week. South Korea's Kospi jumped 0.7 percent to 2,212.38 and the Shanghai Composite index rose 1.6 percent to 2,724.23. Hong...

Warren highlights her work on economic crisis in Vegas stop

Feb. 17, 2019 9:24 PM EST

LAS VEGAS (AP) — Democrat Elizabeth Warren used her first visit to Nevada as a presidential candidate to describe a squeeze on working families and a political system that she says fails to protect homeowners, including the residents of Las Vegas who were pummeled by the mortgage crisis a decade ago. The...

Saudi crown prince arrives in Pakistan for regional visit

Feb. 17, 2019 1:51 PM EST

ISLAMABAD (AP) — Saudi Arabia's powerful Crown Prince Mohammed bin Salman began his four-day regional visit on Sunday, arriving in Pakistan where Saudi officials signed agreements worth $20 billion to help the Islamic nation overcome its financial crisis. Prime Minister Imran Khan and top government and...