Latest Business News

The Latest: UK starts program to register EU citizens

Jan. 21, 2019 5:26 AM EST

LONDON (AP) — The Latest on Britain's exit from the European Union (all times local): 10:25 a.m. Britain is rolling out a program to help register an estimated 3.5 million European Union citizens living in the United Kingdom as it begins the process of leaving the bloc. Under a plan that enters the test...

Few signs of breakthrough as May set to unveil Brexit Plan B

Jan. 21, 2019 5:26 AM EST

LONDON (AP) — Prime Minister Theresa May is set to unveil her new plan to break Britain's Brexit deadlock — and it's expected to look a lot like the old plan decisively rejected by Parliament last week. May is scheduled to brief the House of Commons Monday afternoon on how she plans to proceed....

EU's Vestager, Silicon Valley nemesis, doesn't shy from tech

Jan. 21, 2019 4:54 AM EST

COPENHAGEN, Denmark (AP) — The European Union's competition commissioner, Margarethe Vestager, has made her name challenging Silicon Valley tech companies. But the Danish politician isn't exactly a luddite when it comes to using technology herself. She detailed her preferences in a recent interview when it...

EU's antitrust cop lays groundwork for more tech scrutiny

Jan. 21, 2019 4:50 AM EST

COPENHAGEN, Denmark (AP) — Silicon Valley's notorious nemesis, Margrethe Vestager, plans to end her term as the European Union's antitrust enforcer this year with a bang, laying out a long-term plan to intensify scrutiny of the world's big tech companies. As the EU's competition commissioner, Vestager is...

China grants Ivanka Trump 5 trademarks amid trade talks

Jan. 21, 2019 4:31 AM EST

SHANGHAI (AP) — The Chinese government has granted Ivanka Trump's company preliminary approval for another five trademarks this month, as her father's administration pushes ahead on trade negotiations with China. Four trademarks, including child care centers, sunglasses and wedding dresses, were approved...

Tanker ship runs aground on Germany's Elbe river

Jan. 21, 2019 4:27 AM EST

BERLIN (AP) — German news agency dpa says a tanker ship carrying 9,000 metric tons (nearly 10,000 U.S. tons) of hazardous goods has run aground on the Elbe river near Cuxhaven in northern Germany. Dpa says nobody was injured and there is no leak in the ship. Experts have been called to find out how to...

Shares mixed as China says 2018 growth slowest since '90

Jan. 21, 2019 4:25 AM EST

BANGKOK (AP) — World shares are mixed after China reported that its economy expanded at a 6.6 percent annual pace in 2018, its slowest pace since the slump that followed the crackdown on protests centered on Tiananmen Square in 1989. KEEPING SCORE: Germany's DAX fell 0.4 percent to 11,159.97 while the CAC...

Qatar to invest $500 million in Lebanese government bonds

Jan. 21, 2019 4:09 AM EST

BEIRUT (AP) — Qatar has announced that it will invest $500 million in Lebanese government bonds to support the Mediterranean country's struggling economy. Qatar's Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani made the announcement in comments to Qatar's state news agency. Monday's announcement...

France holds trial over horse meat found in frozen lasagna

Jan. 21, 2019 4:05 AM EST

PARIS (AP) — Four people are going on trial in Paris over an elaborate alleged scheme that fed consumers across Europe frozen foods containing cheap horse meat fraudulently labeled as pricier beef. The defendants at the trial starting Monday include two former executives of French company Spanghero,...

Ex-Nissan chairman Ghosn asks for bail, promises not to flee

Jan. 21, 2019 12:21 AM EST

TOKYO (AP) — Nissan's former Chairman Carlos Ghosn is promising to wear an electronic monitoring ankle bracelet, give up his passport and pay for security guards approved by prosecutors to gain release from detention on bail. Ghosn, 64, has been in custody since his arrest on Nov. 19. He was due for a bail...