Latest Economy News
Farmers block highways in Spain to protest low food prices
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,...
Stresses multiply for many US clergy: 'We need help too'
NEW YORK (AP) — Greg Laurie is among America’s most successful clergymen -- senior pastor at a California megachurch, prolific author, host of a global radio program. Yet after a youthful colleague’s suicide, his view of his vocation is unsparing. “Pastors are people, just like...
A rare miss for Walmart to end the year
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...
Stocks fall as Apple warning raises China virus concerns
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...
India hastily builds wall along slum ahead of Trump visit
AHMEDABAD, India (AP) — A half-kilometer (1,640-foot) brick wall has been hastily erected in India's Gujarat state ahead of a visit by U.S. President Donald Trump, with critics saying it was built to block the view of a slum area inhabited by more than 2,000 people. “Since they are spending so much...
Stresses multiply for many US clergy: 'We need help too'
NEW YORK (AP) — Greg Laurie is among America’s most successful clergymen -- senior pastor at a California megachurch, prolific author, host of a global radio program. Yet after a youthful colleague’s suicide, his view of his vocation is unsparing. “Pastors are people, just like...
In tight vote, Dutch lawmakers approve EU-Canada trade deal
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
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...
HSBC cuts headcount by 35,000 in deep overhaul
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...
Shares take hit as virus outbreak slams profits, events
BANGKOK (AP) — Stock markets slipped Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target this quarter and China moving to postpone or cancel major events, including the Beijing auto show. Britain's FTSE 100 dropped 1% to...
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