Latest Economy News

Editorials from around New England

Jul. 19, 2019 8:20 AM EDT

Editorials from around New England: ___ CONNECTICUT No disguising ugliness of Trump comments Connecticut Post July 17 Even at this late date, four years after he launched his presidential campaign in a spasm of xenophobia, there's a desire on the part of many Americans to believe that racism from the president of...

Japan summons SKorean envoy to protest wartime labor dispute

Jul. 19, 2019 8:19 AM EDT

TOKYO (AP) — Japan's foreign minister on Friday summoned South Korea's ambassador and accused Seoul of violating international law by refusing to join in an arbitration panel to settle a dispute over World War II forced labor. The neighboring countries are quarreling over South Korean court decisions...

Iran denies Trump claim that US shot down Iranian drone

Jul. 19, 2019 7:40 AM EDT

TEHRAN, Iran (AP) — Iran on Friday denied President Donald Trump's statement that a U.S. warship destroyed an Iranian drone near the Persian Gulf after it threatened the ship — an incident that marked a new escalation of tensions between the countries less than a month after Iran downed an American...

Oil price rises on Mideast tensions, stock markets cautious

Jul. 19, 2019 7:07 AM EDT

BANGKOK (AP) — The price of oil rose on Friday after the U.S. said it had destroyed an Iranian drone near the Persian Gulf, where a lot of the world's oil is shipped through. Stock markets were largely stable as investors monitor earnings and the ongoing trade talks between China and the U.S. Energy prices...

New Zealand leader says US lacks interest in Asia-Pacific

Jul. 19, 2019 6:32 AM EDT

MELBOURNE, Australia (AP) — The United States is losing interest in the Asia-Pacific region, New Zealand's prime minister said on Friday, as concerns grow about China's expanding influence. Prime Minister Jacinda Ardern spoke in Melbourne where she met with her Australian counterpart Scott Morrison to...

South Korean dies from self-immolation near Japan's embassy

Jul. 19, 2019 5:38 AM EDT

SEOUL, South Korea (AP) — A 78-year-old South Korean man died hours after setting himself ablaze near the Japanese Embassy in Seoul on Friday, police said, at a time of worsening tensions between Seoul and Tokyo. The man, surnamed Kim, ignited a fire inside his car parked in front of the building where the...

Lebanese losing faith as politicians fumble over economy

Jul. 19, 2019 4:47 AM EDT

BEIRUT (AP) — For days, Lebanese TV stations have been blanketed with live coverage as lawmakers held heated debate over a controversial austerity budget meant to salvage the flailing economy, with protests outside parliament and critics denouncing its focus on tax hikes and wage cuts. Mohammed Badran,...

American warship destroys Iranian drone in Strait of Hormuz

Jul. 18, 2019 11:27 PM EDT

WASHINGTON (AP) — A U.S. warship on Thursday destroyed an Iranian drone in the Strait of Hormuz after it threatened the ship, President Donald Trump said. The incident marked a new escalation of tensions between the countries less than one month after Iran downed an American drone in the same waterway and...

Report shows Connecticut lost 1,400 jobs in June

Jul. 18, 2019 6:43 PM EDT

WETHERSFIELD, Conn. (AP) — A new report shows Connecticut lost 1,400 jobs in June, nearly all coming from local government. The Department of Labor's monthly report, released Thursday, indicates the state's June 3.7% unemployment rate is down one-tenth of a percent compared to May's figure. Andy Condon,...

Winnebago Tribe of Nebraska company chosen to grow hemp

Jul. 18, 2019 5:27 PM EDT

LINCOLN, Neb. (AP) — A farming business owned by the Winnebago Tribe of Nebraska's economic development corporation will start growing hemp this summer on the tribe's reservation. Ho-Chunk Farms announced Thursday that it was one of 10 applicants that received a state license to start hemp farming....