Latest Economy News

Turkey deploys surveillance drone in northern Cyprus

Dec. 16, 2019 5:00 AM EST

ANKARA, Turkey (AP) — Turkey has dispatched a surveillance and reconnaissance drone to the breakaway north of ethnically divided Cyprus amid tensions over offshore oil and gas exploration, Turkey's state-run Anadolu news agency said Monday. The news agency said the Turkish-made Bayraktar TB2 drone took...

Phoenix grapples with some of nation's fastest-rising rents

Dec. 16, 2019 1:13 AM EST

PHOENIX (AP) — Aspen Day-Flynn and her boyfriend, Travis Tolin, were thinking of moving back to her native Washington state this fall when their Phoenix landlord helped give them the push. The monthly rent on their two-bedroom house jumped from $1,000 to $1,500 because the owner planned to renovate....

AP FACT CHECK: Trump's selective facts on Ukraine, job myths

Dec. 16, 2019 12:13 AM EST

WASHINGTON (AP) — As near-certain impeachment closes in on him, President Donald Trump raged at his accusers, the Democrats. In the process, he offered a highly selective account of the testimony of a damning witness and misrepresented the facts of a phone call with Ukraine's president at the heart of the...

Japan, South Korea hold export talks, seek dispute solution

Dec. 16, 2019 12:00 AM EST

TOKYO (AP) — Senior officials from Japan and South Korea were holding talks Monday on high-tech exports for the first time since Tokyo tightened controls on South Korean semiconductor parts earlier this year. The director-general level meeting was taking place in Tokyo between Yoichi Iida of Japan's Trade...

Canadian couple gets $9 million jury verdict in bike wreck

Dec. 15, 2019 6:48 PM EST

PORTLAND, Ore. (AP) — A jury has awarded more than $9 million in damages to a man and woman from Vancouver, British Columbia, who were struck by an 18-wheeler truck while riding their bikes along Interstate 84 in the Columbia River Gorge in Oregon. The eight-member jury found Exel Inc. — more...

Protests turn violent for 2nd day in Lebanon's capital

Dec. 15, 2019 6:23 PM EST

BEIRUT (AP) — Lebanese security forces fired tear gas, rubber bullets and water cannons Sunday to disperse hundreds of protesters for a second straight day, ending what started as a peaceful rally in defiance of the toughest crackdown on anti-government demonstrations in two months. The violence comes on...

Mexico trade negotiator: We'll never accept US 'inspectors'

Dec. 15, 2019 4:41 PM EST

MEXICO CITY (AP) — Mexico’s trade negotiator for North America said Sunday that Mexico categorically opposes allowing foreign labor inspectors to operate in the country, saying that was not contemplated in the recent agreement with Washington and Ottawa on the USMCA pact to replace the North...

Analysis: Another term of the Louisiana budget wars looms

Dec. 15, 2019 4:00 PM EST

BATON ROUGE, La. (AP) — Welcome to deja vu, Louisiana state government-style. The latest meeting of Louisiana's income forecasting panel signaled a guaranteed repeat of budget strife, with one of the conservative House Republican leaders who regularly clashed with Gov. John Bel Edwards during his first...

No letup for UK lawmakers: Johnson presses ahead with Brexit

Dec. 15, 2019 10:52 AM EST

LONDON (AP) — There will be no letup for U.K. lawmakers worn out after Britain’s bruising election campaign. Prime Minister Boris Johnson is set to begin “before Christmas” the push to secure Parliamentary approval for his Brexit deal. Buoyed by its landslide victory in Thursday's...

Narrow server farm vote shows legislative rift on tax breaks

Dec. 15, 2019 10:41 AM EST

LANSING, Mich. (AP) — A razor-thin legislative vote on tax breaks for a Grand Rapids-area data center could portend problems for other companies or industries hoping to secure incentives to stay in or expand into Michigan. In the Republican-led Legislature's final days of voting this year, it was not a...