Latest Economy News
Lee Kun-Hee, force behind Samsung’s rise, dies at 78
SEOUL, South Korea (AP) — Lee Kun-Hee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics but whose leadership was also marred by corruption convictions, died on Sunday. He was 78. Lee died with his family members by his side,...
The Latest: Pence to be in Minnesota on Monday after all
WASHINGTON (AP) — The Latest on the presidential campaign (all times local): 5:35 p.m. Vice President Mike Pence will be campaigning in Minnesota after all on Monday, after a text message from the Trump-Pence campaign indicated the two would be together in Allentown, Pennsylvania. The vice...
Lithuania holds parliamentary vote as pandemic hits jobs
VILNIUS, Lithuania (AP) — Lithuanians voted Sunday in a parliamentary runoff where the winner will have to tackle a growing health crisis and high unemployment due to the coronavirus pandemic. The election was widely expected to bring a change of leadership for the southernmost Baltic nation, which has...
Sudan says it will discuss trade, migration with Israel
CAIRO (AP) — Sudanese and Israeli officials will meet in the coming weeks to discuss a package of cooperation deals to “achieve the mutual interests of the two peoples,” Sudan’s Foreign Ministry said Sunday. The ministry statement came three days after President Donald Trump announced...
Foreign students show less zeal for US since Trump took over
CHICAGO (AP) — On a recruiting trip to India’s tech hub of Bangalore, Alan Cramb, the president of a reputable Chicago university, answered questions not just about dorms or tuition but also American work visas. The session with parents fell in the chaotic first months of Donald Trump’s...
Study: New Mexico's oil and gas collapse could last years
CARLSBAD, N.M. (AP) — Economic analysts are warning that New Mexico could be unable to rely on its oil and gas industry as the market continues to struggle amid the COVID-19 pandemic. Lease fees, royalty payment and taxes from oil and gas operations accounted for about 30% of the state’s budget in...
Alabama economy expected to contract 3.4%, rebound possible
TUSCALOOSA, Ala. (AP) — Pounded by the coronavirus pandemic, Alabama's economy will contract 3.4% this year but could be on a normal trajectory toward recovery by the first half of 2021, according to a forecast by the University of Alabama. The assessment by economists Samuel Addy and Ahmad Ijaz said the...
Pompeo, Esper to push Trump's anti-China message in India
WASHINGTON (AP) — Just a week before November's election, two of President Donald Trump's top national security aides will visit India for meetings focused largely on countering China's growing global influence. As the bitter race between Trump and former Vice President Joe Biden winds down, the talks this...
Surging coronavirus colors White House race in closing days
WAUKESHA, Wis. (AP) — President Donald Trump assured supporters packed shoulder to shoulder at a trio of rallies Saturday that “we’re rounding the turn” on the coronavirus and mocked challenger Joe Biden for raising alarms about the pandemic, despite surging cases around the country...
US legislators complain to Trump on Mexico energy policy
MEXICO CITY (AP) — Standing in front of a reopened coal-fired power plant, Mexican President Andrés Manuel López Obrador on Saturday defiantly rejected complaints by a group of 43 U.S. lawmakers about government policy favoring state companies in the energy market. Six U.S. senators and 37...
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