Latest Economy News

Hungarian Prime Minister Viktor Orban delivers his annual 'State of Hungary' speech in the Varkert Bazaar conference hall of Budapest, Hungary, Sunday, Feb. 16, 2020. (Zsolt Szigetvary/MTI via AP)

Hungary's Orban warns about climate crisis, slow EU growth

Feb. 16, 2020 3:40 PM EST

BUDAPEST, Hungary (AP) — Hungary’s prime minister on Sunday declared the past decade as the most successful of Hungary’s past century, but also said the country was threatened by the climate crisis, continuing population decline and “sinister menaces gathering over the European...

Spokane area continued upward trend in employment in 2019

Feb. 16, 2020 3:32 PM EST

SPOKANE, Wash. (AP) — An increasing population and a booming economy have spurred employment growth around Spokane, according to state labor officials. The region covering Spokane, Stevens and Pend Oreille counties, saw more than 4,600 new jobs in 2019, surpassing that mark for the fifth consecutive year,...

Michigan aerospace companies seek new markets in Mexico

Feb. 16, 2020 11:14 AM EST

LANSING, Mich. (AP) — Leaders of seven Michigan companies with ties to the aerospace industry are joining state officials on a trip to Mexico in search of new export opportunities. They'll take part in a three-day program beginning Tuesday that's designed to match potential buyers, partners and...

In this photo taken Tuesday, Feb. 11, 2020, a woman walks past Lunar New Year decor and shuttered bars at a retail district in Beijing, China. Millions of Chinese workers and entrepreneurs are bearing the rising costs of an anti-virus campaign that has shut down large sections of the economy. The government has imposed restrictions nationwide that have stalled travel and sales of real estate and autos. (AP Photo/Ng Han Guan)

Cost of China's anti-virus fight rises with workers idle

Feb. 15, 2020 9:28 PM EST

BEIJING (AP) — Real estate agent Du Xuekun’s sales usually jump after the Lunar New Year holiday. But this year, Du has been at home for a month with no income after vast swathes of China’s economy were shut down in a sweeping effort to contain a virus outbreak. Du, who lives in Jiaozhuo,...

Former arms company engineer pleads guilty to weapons count

Feb. 15, 2020 6:20 PM EST

TUCSON, Ariz. (AP) — A naturalized U.S. citizen from China who worked for 10 years for a Raytheon Corp. subsidiary as an electrical engineer has pleaded guilty to a federal arms exportation charge. Wei Sun pleaded guilty Friday in U.S. District Court in Tucson, where Raytheon Missile Systems has a large...

Oliver Spasovski, center front, the new prime minister of the caretaker government, and the members of the Cabinet pose for the media after the parliament voted in favor on a session in Skopje, North Macedonia, Friday, Jan. 3, 2020. The prime minister of North Macedonia Zoran Zaev submitted his resignation Friday, paving the way for a new caretaker Cabinet to be named in order to organize a snap election. (AP Photo/Boris Grdanoski)

N Macedonia minister who stood by nation's old name removed

Feb. 15, 2020 5:36 PM EST

SKOPJE, North Macedonia (AP) — North Macedonia’s parliament voted to dismiss a government minister Saturday after she appeared at two news conferences in front of a large wall sign bearing the country’s old name, Republic of Macedonia, and refused to change it. Prime Minister Oliver...

FILE - This Wednesday Jan. 8, 2020 file photo shows Virginia Gov. Ralph Northam, bottom left, as he recognizes House speaker, Eileen Filler-Corn, D-Farifax, right, while he prepares to deliver his State of the Commonwealth address as Lt. gov. Justin Fairfax, top left, applauds before a joint session of the Virginia Assembly at the Virginia state Capitol in Richmond, Va. (AP Photo/Steve Helber)

Virginia emerges as South's progressive leader under Dems

Feb. 15, 2020 3:20 PM EST

RICHMOND, Va. (AP) — In a state once synonymous with the Old South, Democrats are using their newfound legislative control to refashion Virginia as the region's progressive leader on racial, social and economic issues. Lawmakers are on the verge of passing the South's strictest gun laws, broadest LGBTQ...

Students to study economic impact of Fall River Vietnam wall

Feb. 15, 2020 2:44 PM EST

FALL RIVER, Mass. (AP) — A group of college students has launched a project to study the potential economic impact of the soon-to-open Vietnam Veterans Memorial Wall in Fall River. Joseph Marshall, committee chairman of the group raising the wall, tells The Herald News the students from Salve Regina...

A worker wearing a protective suit gestures to a driver outside a tumor hospital newly designated to treat COVID-19 patients in Wuhan in central China's Hubei Province, Saturday, Feb. 15, 2020. The virus is thought to have infected more than 67,000 people globally and has killed at least 1,526 people, the vast majority in China, as the Chinese government announced new anti-disease measures while businesses reopen following sweeping controls that have idled much of the economy. (Chinatopix via AP)

New virus cases fall; WHO says China bought the world time

Feb. 15, 2020 1:19 PM EST

BEIJING (AP) — China reported 143 virus deaths and a dip in new cases Saturday while the head of the World Health Organization praised the country's efforts to contain the new disease, saying they have "bought the world time" and that other nations must make the most of it. France, meanwhile, reported ...

Toll bridge proposed for Lay Lake in central Alabama

Feb. 15, 2020 12:47 PM EST

COLUMBIANA, Ala. (AP) — A proposed toll bridge over Lay Lake that could spur economic development in central Alabama is drawing concerns from some residents and environmentalists. Some who live near the site on the Shelby-Talladega county line are worried about noise and traffic should the bridge be built,...