Dubai arena is latest project unveiled despite weaker growth

DUBAI, United Arab Emirates (AP) — This week, Dubai unveiled its latest megaproject: A stadium in the heart of a super luxe shopping and dining destination. The arena, which will host sports events and concerts, is located in a leisure retail and residential destination called City Walk, which itself is...

US retail sales soared 1.6% in March

WASHINGTON (AP) — U.S. retail sales surged in March at the fastest pace since late 2017, as spending on autos, gasoline, furniture and clothing jumped. The Commerce Department said Thursday that sales increased a seasonally adjusted 1.6% from February, the strongest increase since September 2017. The gains...

US retail sales surged 1.6% in March, fastest pace since September 2017 in a positive for economic growth

Fed sees moderate growth but problems in trade and floods

WASHINGTON (AP) — The Federal Reserve said Wednesday the economy was expanding at a moderate pace in March and early April, despite uncertainty caused by trade tensions and severe flooding in the Midwest. In its latest report on economic conditions around the country, the Fed said that some districts...

World market mostly rise on encouraging Chinese growth data

TOKYO (AP) — Stock markets were mostly higher Wednesday after news that China's economy grew at a better than expected 6.4% annual pace in the last quarter failed to entice wary investors focused on weaker U.S. corporate earnings. Germany's DAX was up 0.3% at 12,137 and the CAC 40 in France edged 0.2%...

German government halves 2019 growth forecast to 0.5%

BERLIN (AP) — The German government on Wednesday slashed its 2019 economic growth forecast for the country for the second time this year, halving its outlook to a meager 0.5%. The update came less than three months after the government cut its forecast to 1% from 1.8% in late January. Weaker growth...

China's economic growth steady amid tariff fight with US

SHANGHAI (AP) — China's economic growth held steady in the latest quarter despite a tariff war with Washington as Beijing's efforts to reverse a slowdown started to gain traction. The world's second-largest economy expanded by 6.4% over a year before in the three months ending in March, the government...

Asian shares edge lower despite encouraging China GDP data

TOKYO (AP) — Major share benchmarks were mostly lower in Asia on Wednesday after China announced its economy grew at a 6.4% annual pace in the last quarter. Japan's Nikkei 225 index gained 0.3% to 22,289.32 and the Shanghai Composite was almost unchanged at 3,252.42. Hong Kong's Hang Seng index fell 0.3%...

China reports economic growth held steady at 6.4 percent in latest quarter, the lowest level in a decade

German government rejects talk of economic stimulus package

BERLIN (AP) — The German government is dismissing talk of a stimulus package for Europe's biggest economy as growth slows amid international trade tensions and one-off factors at home. A prominent lawmaker in the governing coalition had raised the possibility of a stimulus program and the head of Germany's...