Latest Business News

Turkey deploys surveillance drone in northern Cyprus

Dec. 16, 2019 5:00 AM EST

ANKARA, Turkey (AP) — Turkey has dispatched a surveillance and reconnaissance drone to the breakaway north of ethnically divided Cyprus amid tensions over offshore oil and gas exploration, Turkey's state-run Anadolu news agency said Monday. The news agency said the Turkish-made Bayraktar TB2 drone took...

Germany mulls how to attract skilled labor from outside EU

Dec. 16, 2019 3:17 AM EST

BERLIN (AP) — Chancellor Angela Merkel is meeting top German business and union officials on Monday to discuss how to attract skilled workers from outside the European Union as the country tries to tackle a shortfall of qualified labor. Legislation is due to take effect March 1 making it easier for non-EU...

Phoenix grapples with some of nation's fastest-rising rents

Dec. 16, 2019 1:13 AM EST

PHOENIX (AP) — Aspen Day-Flynn and her boyfriend, Travis Tolin, were thinking of moving back to her native Washington state this fall when their Phoenix landlord helped give them the push. The monthly rent on their two-bedroom house jumped from $1,000 to $1,500 because the owner planned to renovate....

Patients rally in Ecuador for legal use of medical cannabis

Dec. 16, 2019 12:00 AM EST

QUITO, Ecuador (AP) — Unrelenting pain in her hips and weeks of insomnia left Nelly Valbuena desperate for relief from her metastatic breast cancer. The university professor found freedom from her disease’s cruel side effects in an unexpected remedy: CBD, a compound extracted from the cannabis...

Japan, South Korea hold export talks, seek dispute solution

Dec. 16, 2019 12:00 AM EST

TOKYO (AP) — Senior officials from Japan and South Korea were holding talks Monday on high-tech exports for the first time since Tokyo tightened controls on South Korean semiconductor parts earlier this year. The director-general level meeting was taking place in Tokyo between Yoichi Iida of Japan's Trade...

In reversal, Hallmark will reinstate same-sex marriage ads

Dec. 15, 2019 11:32 PM EST

NEW YORK (AP) — The Hallmark Channel, reversing what it called a “wrong decision,” said Sunday it will reinstate commercials featuring same-sex couples that it had pulled following a complaint from a conservative group. The earlier decision by Crown Media, Hallmark's parent company, to pull...

Report: Boeing considers cutting production of 737 Max

Dec. 15, 2019 8:10 PM EST

SEATTLE (AP) — Boeing may cut production of the grounded 737 Max jet or temporarily stop making it after being told that its timetable for a return to the skies was not realistic, according to a published report Sunday. The Wall Street Journal reported that Boeing’s board would consider the moves...

Federal agency to review test drilling at Colorado quarry

Dec. 15, 2019 6:11 PM EST

DENVER (AP) — The federal Bureau of Land Management plans to conduct an environmental assessment of test drilling proposed by the owner of a Colorado limestone quarry seeking to expand the operation, officials said. Rocky Mountain Resources Industrials Inc. sought an environmental review exemption for five...

IFF to merge with DuPont Nutrition and Biosciences unit

Dec. 15, 2019 6:02 PM EST

NEW YORK (AP) — International Flavors and Fragrances is merging with DuPont's Nutrition and Biosciences unit in a $26.2 billion deal that would form a new company. The deal announced Sunday would give DuPont shareholders 55.4% of the new company's shares, while IFF shareholders will get 44.6%. When the...

Mexico trade negotiator: We'll never accept US 'inspectors'

Dec. 15, 2019 4:41 PM EST

MEXICO CITY (AP) — Mexico’s trade negotiator for North America said Sunday that Mexico categorically opposes allowing foreign labor inspectors to operate in the country, saying that was not contemplated in the recent agreement with Washington and Ottawa on the USMCA pact to replace the North...