Latest Economy News

FILE - In this July 6, 2011, file photo, Samsung Chairman Lee Kun-hee, right, greets people from the South Korean delegation in Durban, South Africa, for the 123rd International Olympic Committee (IOC) session that will decide the host city for the 2018 Olympics Winter Games. Lee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics, has died, a Samsung statement said Sunday, Oct. 25, 2020. He was 78. (AP Photo/Schalk van Zuydam, File)

Lee Kun-Hee, force behind Samsung’s rise, dies at 78

Oct. 25, 2020 8:38 PM EDT

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,...

Vice President Mike Pence speaks to supporters Saturday Oct. 24, 2020 in Tallahassee, Fla. Battleground Florida was again a central focus of the presidential campaign Saturday as President Donald Trump, Vice President Mike Pence and former President Barack Obama all had high-profile events in the state. (AP Photo/Steve Cannon)

The Latest: Pence to be in Minnesota on Monday after all

Oct. 25, 2020 5:33 PM EDT

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...

A woman with a child casts her ballot at a polling station during the second round of a parliamentary election in Vilnius, Lithuania, Sunday, Oct. 25, 2020. Polls opened Sunday for the run-off of national election in Lithuania, where the vote is expected to bring about a change of government following the first round, held on Oct. 11, which gave the three opposition, center-right parties a combined lead. (AP Photo/Mindaugas Kulbis)

Lithuania holds parliamentary vote as pandemic hits jobs

Oct. 25, 2020 3:46 PM EDT

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

Oct. 25, 2020 2:56 PM EDT

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...

In this photo taken on Tuesday, Oct. 13, 2020, Dodeye Ewa, 16 year old study at the family library in Calabar, Nigeria. The third child is bothered by President Donald Trump's rhetoric and his policies toward international students, most recently one announced Friday that limits their stays in the U.S. to two or four years with uncertainty about whether their visas will be extended. (AP Photo/Daniel H Williams )

Foreign students show less zeal for US since Trump took over

Oct. 25, 2020 2:23 PM EDT

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

Oct. 25, 2020 12:11 PM EDT

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

Oct. 25, 2020 10:16 AM EDT

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...

FILE - In this Sept. 21, 2020, file photo Secretary of State Mike Pompeo, left, and Defense Secretary Mark Esper attend a news conference at the U.S. State Department in Washington. Just a week before November's election, Pompeo and Esper will visit India for meetings focused largely on countering China's growing global influence. (AP Photo/Patrick Semansky, File)

Pompeo, Esper to push Trump's anti-China message in India

Oct. 25, 2020 2:55 AM EDT

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...

President Donald Trump arrives for a campaign rally at Robeson County Fairgrounds, Saturday, Oct. 24, 2020, in Lumberton, N.C. (AP Photo/Evan Vucci)

Surging coronavirus colors White House race in closing days

Oct. 25, 2020 12:45 AM EDT

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...

Mexican President Andres Manuel Lopez Obrador gives his daily, morning news conference at the presidential palace, Palacio Nacional, in Mexico City, Friday, Oct. 16, 2020. López Obrador said Friday that his ambassador to the United States told him two weeks ago that there was an investigation underway there involving Mexico's former defense secretary, retired Gen. Salvador Cienfuegos, who was arrested Thursday in Los Angeles. (AP Photo/Marco Ugarte)

US legislators complain to Trump on Mexico energy policy

Oct. 24, 2020 3:50 PM EDT

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...