Latest Business News

Court says EU states must label Israeli settlement products

Nov. 12, 2019 5:23 AM EST

BRUSSELS (AP) — The European Union's top court ruled Tuesday that EU countries must identify products made in Israeli settlements with special labels, in a decision welcomed by rights groups but likely to spark anger in Israel. The European Court of Justice said in a statement that "foodstuffs originating...

Scandal-hit Nissan's profits crash amid lower global sales

Nov. 12, 2019 4:59 AM EST

TOKYO (AP) — Japanese automaker Nissan reported Tuesday that its July-September profit tumbled to half of what it earned the year before as sales and brand power crumbled following the arrest of its former chairman, Carlos Ghosn. Yokohama-based Nissan Motor Co.'s fiscal second quarter profit totaled 59...

Reporter goes to Australian High Court in press freedom case

Nov. 12, 2019 4:38 AM EST

CANBERRA, Australia (AP) — A journalist went to Australia's highest court on Tuesday to overturn a search warrant that created outrage when it was executed on her home and triggered a national campaign for greater press freedom. Rival Australian media businesses banded together to fight for press freedom...

UEFA signs to replace McDonald's at Euro 2020

Nov. 12, 2019 4:26 AM EST

NYON, Switzerland (AP) — UEFA has announced a new food sector sponsor for the European Championship, replacing McDonald's which owned the slot since 1992. UEFA says food delivery platform has signed for the Euro 2020 tournament. The value was not disclosed. Until cutting short its longstanding...

Top court says EU states must identify products from Israeli settlements with special labels

Nov. 12, 2019 3:57 AM EST
BRUSSELS (AP) — Top court says EU states must identify products from Israeli settlements with special labels.

Rainsy: EU trade move to bolster bid for Cambodian democracy

Nov. 12, 2019 3:54 AM EST

KUALA LUMPUR, Malaysia (AP) — Cambodian exiled opposition leader Sam Rainsy said Tuesday the European Union's consideration of lifting trade privileges for Phnom Penh will add momentum to efforts to restore democracy in the country despite a government crackdown. The EU is to publish a report Tuesday on a...

Beyond Netflix: Disney Plus joins the streaming fray

Nov. 12, 2019 3:06 AM EST

Disney is throwing its hat into streaming Tuesday with the debut of its Disney Plus service. It is hoping the $7-a-month service, years in the making, will attract millions of subscribers with its mix of Marvel and Star Wars movies and shows, classic animated films and new series. There's a lot riding on the...

Asian shares advance as investors await US-China trade moves

Nov. 12, 2019 3:05 AM EST

BANGKOK (AP) — Shares were mostly higher in Asia on Tuesday after the Dow Jones Industrial Average notched another record high. Investors were awaiting developments on the China-U.S. trade front after President Donald Trump cast doubts over a Chinese official's comments on gradually rolling back tariffs as...

World Bank cuts back project in China's restive Xinjiang

Nov. 12, 2019 2:06 AM EST

BEIJING (AP) — The World Bank is cutting back a $50 million project in China's restive Xinjiang region following a review prompted by allegations of abuses. A statement from the bank dated Monday said it would close a component of the project to support vocational colleges involving partner schools that...

Impeachment aside, federal budget remains a pressing matter

Nov. 12, 2019 12:14 AM EST

WASHINGTON (AP) — Impeachment hearings for President Donald Trump come at the very time that Capitol Hill usually tends to its mound of unfinished business. The hearings and the possibility of impeachment and a trial create yet another layer of complications for senior lawmakers pressing for an agreement...