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FILE - In this Tuesday, Feb. 11, 2020 file photo, a firefighter looks before entering a bank that was set on fire by anti-government protesters, as a riot policeman passes by, during a protest in downtown Beirut, Lebanon. Fitch Ratings said Tuesday, Feb. 18, 2020, that Lebanon's financial position points to a likely restructuring of the country's massive debt and financial sector as the Arab nation passes though its worst financial and economic crisis in decades. (AP Photo/Hussein Malla, File)

Fitch Ratings: Lebanon finances point to debt restructuring

Feb. 18, 2020 11:21 AM EST

BEIRUT (AP) — Lebanon's financial situation points to a likely restructuring of the country's massive debt and financial sector to preserve declining foreign currency reserves, Fitch Ratings said Tuesday. The credit rating agency's report comes as Lebanese officials are debating whether to pay back $1.2...

FILE - This Sept. 9, 2019, file photo shows reading material on a Southwest Airlines plane at the Tampa International Airport in Tampa, Fla. The Southwest Companion Pass, a benefit of the Southwest Rapid Rewards program allows pass holders to bring one companion on flights for at least a full calendar year free of airline charges (not including taxes and fees). (AP Photo/Mike Stewart, File)

Millennial Money: Make your brand loyalty pay off

Feb. 18, 2020 11:16 AM EST

Blogger Dani Austin of Dallas, Texas, logged into her Southwest Airlines account a few days before the end of 2019. Shortly after, she and her husband, Jordan Joseph Ramirez, flew to Las Vegas (and back home) in less than 72 hours. The spontaneous trip was part of a last-ditch attempt to try to earn the...

Traders gather at the post of Specialist Anthony Matesic, background center, on the floor of the New York Stock Exchange, Tuesday, Feb. 18, 2020. Stocks are opening lower on Wall Street after Apple said it would fail to meet its revenue forecast for the current quarter due to the impact of the virus outbreak in China. (AP Photo/Richard Drew)

Franklin Resources buying Legg Mason for $4.5 billion

Feb. 18, 2020 11:15 AM EST

SAN MATEO, Calif. (AP) — Franklin Resources is buyingrival investment managerLegg Mason for $4.5 billion, the latest shakeup in an industry grappling with customers who continue to clamor for lower fees. Franklin Resources Inc., which operates as Franklin Templeton, said Tuesday that it will pay $50in cash...

Farmers protest blocking the motorway near Navalmoral de la Mata in Caceres province, Spain, on Tuesday, February 18, 2020. Farmers in fluorescent yellow vests have begun blocking highways in southwestern Spain with tractors and other vehicles in the latest mass protest over what they say are plummeting incomes for agricultural workers. (AP Photo/Alicia Leon)

Farmers block highways in Spain to protest low food prices

Feb. 18, 2020 11:15 AM EST

NAVALMORAL DE LA MATA, Spain (AP) — Farmers in fluorescent yellow vests blocked highways in southwestern Spain with tractors and other vehicles Tuesday in the latest mass protest over what they say are plummeting incomes for agricultural workers. Several labor unions called for protest rallies,...

FILE - This June 25, 2019, file photo shows the entrance to a Walmart in Pittsburgh. Walmart is reporting  disappointing fourth-quarter profits and sales. The nation's largest retailer says that sales at its U.S. stores heading into the holiday season were weaker than expected. It also said that social unrest in Chile hurt its business. (AP Photo/Gene J. Puskar, File)

A rare miss for Walmart to end the year

Feb. 18, 2020 10:55 AM EST

NEW YORK (AP) — Walmart reported disappointing fourth-quarter profits and sales after a sluggish and shortened holiday shopping season. Violent social protests in Chile, where there are hundreds of Walmart stores, cut into international sales. Walmart also delivered a weak profit forecast for the year and...

Traders Timothy Nick, left, and Peter Tuchman work on the floor of the New York Stock Exchange, Tuesday, Feb. 18, 2020. Stocks are opening lower on Wall Street after Apple said it would fail to meet its revenue forecast for the current quarter due to the impact of the virus outbreak in China. (AP Photo/Richard Drew)

Stocks fall as Apple warning raises China virus concerns

Feb. 18, 2020 10:51 AM EST

NEW YORK (AP) — U.S. stocks slipped in early trading Tuesday after technology giant Apple became the most well-known company to warn of a financial hit from the virus outbreak in China. The maker of iPhones said it will fall short of its revenue forecasts in the fiscal second quarter because of production...

Prime Minister of the Netherlands Mark Rutte takes part in a panel discussion at the Munich Security Conference in Munich, Germany, Friday, Feb. 15, 2020. (Tobias Hase/dpa via AP)

In tight vote, Dutch lawmakers approve EU-Canada trade deal

Feb. 18, 2020 10:19 AM EST

THE HAGUE, Netherlands (AP) — In a tight vote Tuesday, lawmakers in the lower house of Dutch parliament approved a free trade deal between the European Union and Canada. Dutch Overseas Trade Minister Sigrid Kaag, who was in parliament to watch the vote, smiled after 72 lawmakers voted for the deal and 69...

Poland's miners protest coal imports seen as threat to jobs

Feb. 18, 2020 9:52 AM EST

WARSAW, Poland (AP) — Miners in southern Poland worried that massive coal imports will eliminate their jobs on Tuesday blocked railway tracks on the import route. A few hundred miners with trade union flags in the southern coal mining region town of Slawkow also planted devices on the tracks that looked...

FILE - In this May 4, 2018, file photo, a man walks past a branch of HSBC bank in Hong Kong. Europe's biggest bank has reported that its net profit fell 53% in 2019 to $6 billion. London-based HSBC, whose profit is mainly from Asia, said it plans to revamp its U.S. and European business and shed $100 billion in assets to improve its profitability.  (AP Photo/Kin Cheung, File)

HSBC cuts headcount by 35,000 in deep overhaul

Feb. 18, 2020 8:51 AM EST

LONDON (AP) — Europe's biggest bank, HSBC, will shed some 35,000 jobs as part of an overhaul to focus on faster-growing markets in Asia and as it tries to cope with a slew of global uncertainties, from Brexit to the trade wars to the new coronavirus. The interim chief executive, Noel Quinn, said Tuesday...

FILE - In this Monday, Nov. 18, 2019 file photo, the logo of Google is displayed on a carpet at the entrance hall of Google France in Paris. Ireland's Data Protection Commission said Tuesday Feb. 4, 2020, they have launched separate inquiries into Google and dating app Tinder over their processing of user data, in a fresh round of regulatory scrutiny aimed at tech companies.  (AP Photo/Michel Euler, File)

Spain looks to adopt digital tax that has angered the US

Feb. 18, 2020 8:46 AM EST

LISBON, Portugal (AP) — Spain’s government approved Tuesday the introduction of new taxes on digital business and stock market transactions, following similar steps by other European countries. The Cabinet agreed at its weekly meeting to adopt the so-called Google tax and Tobin tax. The measures...