Latest Economy News

Anti-government demonstrators clash with riot police at a road leading to the parliament building in Beirut, Lebanon, Saturday, Jan. 18, 2020. Riot police fired tears gas and sprayed protesters with water cannons near parliament building to disperse thousands of people after riots broke out during a march against the ruling elite amid a severe economic crisis. (AP Photo/Hassan Ammar)

Riots in Lebanon's capital leave more than 150 injured

Jan. 18, 2020 2:29 PM EST

BEIRUT (AP) — Police fired volleys of tear gas and rubber bullets in Lebanon's capital Saturday to disperse thousands of protesters amid some of the worst rioting since demonstrations against the country's ruling elite erupted three months ago. More than 150 people were injured. Thick white smoke covered...

Kansas rising electric rate-making process favors utilities

Jan. 18, 2020 11:50 AM EST

WICHITA, Kan. (AP) — An independent review of Kansas' rising electricity prices shows the process used for setting rates favors utilities and could be improved. Lawmakers concerned that electricity prices were no longer competitive with neighboring states requested the study by London Economics in a bill...

Senators want HUD to address radon in subsidized housing

Jan. 18, 2020 11:30 AM EST

PORTLAND, Maine (AP) — Independent Sen. Angus King of Maine is part of a group of senators taking the U.S. Department of Housing and Urban Development to task for failing to protect public housing residents from radon gas. The bipartisan group is requesting a meeting with agency Secretary Ben Carson to...

Work begins on NW Indiana war memorial delayed by recession

Jan. 18, 2020 10:30 AM EST

CROWN POINT, Ind. (AP) — Work is underway in northwestern Indiana for a war memorial that was delayed for years by the Great Recession after the 2008 financial crisis. Crews began clearing trees Wednesday in Crown Point for the memorial, which will feature three separate monuments: one for World War I...

Winemakers wary of impending tariffs

Jan. 18, 2020 10:02 AM EST

SALEM, Ore. (AP) — Most years, January is a month of glory for the wine industry — celebrating the harvest and holiday sales of the previous year and gearing up for the next season. But for U.S. winemakers, January 2020 is a time of panic as the industry girds itself for the Trump...

FILE - In this Feb. 26, 2011 file photo, a Libyan oil worker, works at a refinery inside the Brega oil complex, in Brega, eastern Libya.  ON Saturday, Jan. 18, 2020, the National Oil Corporation in Libya says that a decision by east-based forces to choke off oil exports from its territory has threatened to throttle much of the country’s oil production. Powerful tribal groups loyal to Gen. Khalifa Hifter, whose forces control much of eastern Libya, seized several large export terminals along the eastern coast as well as southern oil fields in a challenge to the rival U.N.-backed government based in Tripoli, which collects revenues from oil production. The move has ratcheted up tensions ahead of an international peace summit to end the civil war. (AP Photo/Hussein Malla, File)

Libya's eastern-based forces move to halt oil exports

Jan. 18, 2020 9:24 AM EST

BENGHAZI, Libya (AP) — A move by Libya's east-based forces to choke off oil exports from its territory threatens to throttle much of the country’s oil production, the national corporation said Saturday, escalating tensions ahead of an international peace summit to end the civil war. Powerful tribal...

Myanmar State Counselor Aung San Suu Kyi, right, greets Chinese President Xi Jinping at president house in Naypyitaw, Myanmar, Saturday, Jan. 18, 2020. (Nyein Chan Naing/Pool Photo via AP)

China's Xi ends Myanmar visit with flurry of agreements

Jan. 18, 2020 8:17 AM EST

NAYPYITAW, Myanmar (AP) — Chinese President Xi Jinping ended a two-day state visit to Myanmar on Saturday after attending the signing of a raft of agreements buttressing bilateral relations and advancing Beijing's ambitious Belt and Road Initiative, in which his host country is a key player. The two sides...

In this Jan. 15, 2020, photo, President Donald Trump hands a pen to Chinese Vice Premier Liu He after signing

AP FACT CHECK: Trump's compulsive claims of 'biggest' ever

Jan. 18, 2020 8:11 AM EST

WASHINGTON (AP) — Size matters to President Donald Trump. So much that he exaggerates continually, sometimes spectacularly, the size of what he does. Just as his tax cuts are far from the biggest in history, the economy isn't the best ever and his election victory in 2016 was no landslide of historic...

Report: Idaho has 6th-highest growth in corrections spending

Jan. 18, 2020 3:10 AM EST

BOISE, Idaho (AP) — Idaho has the sixth-highest growth rate for spending on corrections in the last 25 years, and with the state’s governor proposing a 12.1% budget increase for the Idaho Department of Correction, the department’s director says the state is at a “critical...

Wyoming's capital sees economic downturn due to job decrease

Jan. 17, 2020 7:50 PM EST

CHEYENNE, Wyo. (AP) — Wyoming's capital city is experiencing an economic downturn driven by a reduction in local mining and construction jobs, a new report said. Cheyenne experienced a 5.5% reduction in local mining and construction jobs in the past year, The Wyoming Tribune Eagle reports. The state...