Latest Economy News

The hotel Intercontinental is photographed in Davos, Switzerland, Monday, Jan. 20, 2020. US President Donald Trump is due to stay at the hotel for one night during his two-days visit to the World Economic Forum. The World Economic Forum will start on Tuesday. (AP Photo/Michael Probst)

Trump on mission to sell US overseas as Senate trial resumes

Jan. 21, 2020 12:20 AM EST

WASHINGTON (AP) — President Donald Trump is on a mission to sell the United States to the global business community just as his historic impeachment trial gets underway in the Senate. When the trial reconvenes Tuesday afternoon in Washington, Trump will be thousands of miles away trying to charm global...

A worker cleans up an electronic stock board of a securities firm in Tokyo, Tuesday, Jan. 21, 2020. Asian stock markets have tumbled as concern about the impact of a Chinese disease outbreak on tourism and regional economies grows. (AP Photo/Koji Sasahara)

Asian stocks tumble on growing concern about China virus

Jan. 20, 2020 11:48 PM EST

BEIJING (AP) — Asian stock markets tumbled Tuesday as concern about the economic impact of a Chinese disease outbreak rose. Japan's central bank left its key interest rate unchanged and revised up its economic growth outlook. Market indexes in Shanghai, Tokyo, Hong Kong and Sydney all retreated following...

Meng Wanzhou, chief financial officer of Huawei leaves her home in Vancouver, Monday, January, 20, 2020. A court hearing begins today in Vancouver over the American request to extradite an executive of the Chinese telecom giant Huawei on fraud charges. (Jonathan Hayward/The Canadian Press via AP)

Extradition hearing begins for top Huawei exec in Canada

Jan. 20, 2020 8:39 PM EST

VANCOUVER, British Columbia (AP) — The first stage of an extradition hearing for a senior executive of Chinese tech giant Huawei started in a Vancouver courtroom M onday, a case that has infuriated Beijing, caused a diplomatic uproar between China and Canada and complicated high-stakes trade talks between...

The Rev. Raphael G. Warnock speaks during the Martin Luther King, Jr. annual commemorative service at Ebenezer Baptist Church in Atlanta on Monday, Jan. 20, 2020. (Branden Camp/Atlanta Journal-Constitution via AP)

Martin Luther King Jr. Day: Faith, politics mix on holiday

Jan. 20, 2020 6:36 PM EST

ATLANTA (AP) — Against the backdrop of a presidential election year, Monday's Martin Luther King Jr. holiday found leaders still wrestling over how to best embody the slain civil rights leader. In Atlanta, Republicans told a sometimes cool crowd at Ebenezer Baptist Church, King's onetime church, that they...

President Donald Trump returns to the White House in Washington, Sunday, Jan. 19, 2020, from a campaign trip to Austin, Texas. (AP Photo/Manuel Balce Ceneta)

Trump heading to Switzerland as impeachment trial reconvenes

Jan. 20, 2020 5:31 PM EST

WASHINGTON (AP) — When President Donald Trump’s historic impeachment trial is called to order in the Senate this week, he won’t be watching from inside the chamber or on television from the White House. He'll be thousands of miles away at the Davos economic forum in the Swiss Alps, trying to...

Riot police stand guard during clashes with anti-government protesters, during ongoing protests against the political elites who have ruled the country for decades, in Beirut, Lebanon, Sunday, Jan. 19, 2020. Lebanese security forces used tear gas, water cannons and rubber bullets in clashes with hundreds of anti-government protesters outside the country's Parliament on Sunday, as violence continued to escalate in a week of rioting in the capital. (AP Photo/Hassan Ammar)

Lebanese officials vow to step up security after riots

Jan. 20, 2020 12:59 PM EST

BEIRUT (AP) — Lebanon's top security officials vowed Monday to crack down on vandalism after a week of rioting in Beirut that left hundreds of people injured and damaged public and private property — violence that comes against the backdrop of a deepening political deadlock. The announcement...

Klaus Schwab, founder of the World Economic Forum, delivers a welcome message on the eve of the annual meeting of the World Forum in Davos, Switzerland, Monday, Jan. 20, 2020. The 50th annual meeting of the forum will take place in Davos from Jan. 21 until Jan. 24, 2020. (AP Photo/Markus Schreiber)

Climate not considered a top 10 risk by CEOs - survey

Jan. 20, 2020 12:34 PM EST

DAVOS, Switzerland (AP) — Climate issues are set to be one of the main talking points at the World Economic Forum in the Swiss ski resort of Davos this week, but a survey of CEOs released Monday shows that they are not even ranked among the top ten threats to business growth. In its annual report ahead of...

Signs point up for small manufacturers, home remodelers

Jan. 20, 2020 12:15 PM EST

NEW YORK (AP) — Recent economic indicators point to an easier time ahead for small manufacturers and companies in the home remodeling industry. A decline in the home repair and remodeling market that began in the first quarter of 2019 is projected to end with the third quarter of this year, according to...

Wind farm projects lining up in hills around Montana town

Jan. 20, 2020 11:22 AM EST

BILLINGS, Mont. (AP) — In the hills around Rapelje, where jackrabbits far outnumber people, there’s a renewable energy powerhouse in the making. Wind farms, four of them in various stages of development, promise to deliver up to 480 megawatts of capacity just as planned coal power plant retirements...

Britain's Prince Harry and Prime Minister Boris Johnson, left, at the UK Africa Investment Summit in London, Monday Jan. 20, 2020. Boris Johnson is hosting 54 African heads of state or government in London. The move comes as the U.K. prepares for post-Brexit dealings with the world. (Stefan Rousseau/Pool via AP)

UK looks to fast-growing Africa for trade ties after Brexit

Jan. 20, 2020 10:39 AM EST

LONDON (AP) — British Prime Minister Boris Johnson and Prince Harry touted the U.K. as an ideal business partner for Africa on Monday as their country prepares for post-Brexit dealings with the world. But Britain faces tough challenges as it seeks to assert itself on a continent with several of the...