Latest Economy News

Anti Brexit campaigner Steve Bray demonstrates outside Parliament in London, Wednesday, Jan. 15, 2020. Britain is due to leave the European Union on Jan. 31. (AP Photo/Kirsty Wigglesworth)

UK treasury chief: Some businesses may hurt after Brexit

Jan. 18, 2020 4:12 PM EST

LONDON (AP) — The British government has announced plans for special events on the night of Jan. 31 when the country officially leaves the European Union but the country's treasury chief has admitted that some U.K. business sectors will suffer as a result. Sajid Javid told the Financial Times in an...

FILE - In this Feb. 26, 2011 file photo, a Libyan oil worker, works at a refinery inside the Brega oil complex, in Brega, eastern Libya.  ON Saturday, Jan. 18, 2020, the National Oil Corporation in Libya says that a decision by east-based forces to choke off oil exports from its territory has threatened to throttle much of the country’s oil production. Powerful tribal groups loyal to Gen. Khalifa Hifter, whose forces control much of eastern Libya, seized several large export terminals along the eastern coast as well as southern oil fields in a challenge to the rival U.N.-backed government based in Tripoli, which collects revenues from oil production. The move has ratcheted up tensions ahead of an international peace summit to end the civil war. (AP Photo/Hussein Malla, File)

Libya's eastern-based forces move to halt oil exports

Jan. 18, 2020 3:58 PM EST

BENGHAZI, Libya (AP) — A move by Libya's east-based forces to choke off oil exports from its territory threatens to throttle much of the country’s oil production, the national oil corporation said Saturday, escalating tensions ahead of an international peace summit to end the civil war. Powerful...

Anti-government demonstrators clash with riot police at a road leading to the parliament building in Beirut, Lebanon, Saturday, Jan. 18, 2020. Riot police fired tears gas and sprayed protesters with water cannons near parliament building to disperse thousands of people after riots broke out during a march against the ruling elite amid a severe economic crisis. (AP Photo/Hassan Ammar)

Riots in Lebanon's capital leave more than 150 injured

Jan. 18, 2020 2:29 PM EST

BEIRUT (AP) — Police fired volleys of tear gas and rubber bullets in Lebanon's capital Saturday to disperse thousands of protesters amid some of the worst rioting since demonstrations against the country's ruling elite erupted three months ago. More than 150 people were injured. Thick white smoke covered...

Myanmar State Counselor Aung San Suu Kyi, right, greets Chinese President Xi Jinping at president house in Naypyitaw, Myanmar, Saturday, Jan. 18, 2020. (Nyein Chan Naing/Pool Photo via AP)

China's Xi ends Myanmar visit with flurry of agreements

Jan. 18, 2020 8:17 AM EST

NAYPYITAW, Myanmar (AP) — Chinese President Xi Jinping ended a two-day state visit to Myanmar on Saturday after attending the signing of a raft of agreements buttressing bilateral relations and advancing Beijing's ambitious Belt and Road Initiative, in which his host country is a key player. The two sides...

In this Jan. 15, 2020, photo, President Donald Trump hands a pen to Chinese Vice Premier Liu He after signing

AP FACT CHECK: Trump's compulsive claims of 'biggest' ever

Jan. 18, 2020 8:11 AM EST

WASHINGTON (AP) — Size matters to President Donald Trump. So much that he exaggerates continually, sometimes spectacularly, the size of what he does. Just as his tax cuts are far from the biggest in history, the economy isn't the best ever and his election victory in 2016 was no landslide of historic...

A resident walks past a cross during a memorial service honoring the victims of the 2010 earthquake, at Titanyen, a mass burial site north of Port-au-Prince, Haiti, Sunday, Jan. 12, 2020. Sunday marks the 10th anniversary of the devastating 7.0 magnitude earthquake that destroyed an estimated 100,000 homes across the capital and southern Haiti, including some of the country's most iconic structures. (AP Photo/Dieu Nalio Chery)

UN chief urges Haitians to resist escalation at quake event

Jan. 17, 2020 7:14 PM EST

UNITED NATIONS (AP) — Secretary-General Antonio Guterres used a U.N. ceremony Friday marking the 10th anniversary of the devastating Haiti earthquake to urge Haitians to resolve differences through dialogue and “resist any escalation that could reverse the gains of the past decade.” The U.N....

How major US stock indexes fared Friday

Jan. 17, 2020 5:08 PM EST

Stocks closed modestly higher on Wall Street Friday as solid gains by technology and communications companies pushed major U.S. indexes to more record highs. Investors welcomed more strong quarterly results from banks. A report showing a December surge in new home construction provided the latest encouraging...

FILE - In this Tuesday, Jan. 14, 2020 file photo, Democratic presidential candidate businessman Tom Steyer speaks during a Democratic presidential primary debate hosted by CNN and the Des Moines Register in Des Moines, Iowa. On Friday, Jan. 17, 2020, The Associated Press reported on a manipulated video circulating online incorrectly portraying Steyer criticizing Democrats during the Iowa presidential debate saying they would

NOT REAL NEWS: A look at what didn't happen this week

Jan. 17, 2020 5:06 PM EST

A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these is legit, even though they were shared widely on social media. The Associated Press checked them out. Here are the real facts: ___ CLAIM: Democratic presidential candidate Tom Steyer criticized Democrats...

FILE - In this Jan. 10, 2020, file photo trader Gregory Rowe works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 17 (AP Photo/Richard Drew, File)

Tech, communications stocks push US indexes to more records

Jan. 17, 2020 5:05 PM EST

Wall Street capped a milestone-setting week Friday with a few more as modest gains nudged the major stock indexes to all-time highs. The benchmark S&P 500 index also notched its second-straight weekly gain. Technology stocks powered much of the market's broad gains, along with communication services companies...

Zimbabwe police raid opposition party offices, seek machetes

Jan. 17, 2020 1:35 PM EST

HARARE, Zimbabwe (AP) — Zimbabwe police on Friday raided the offices of the country’s main opposition party, and a spokesman says the officers were looking for machetes. Police officers blocked roads leading to the Movement for Democratic Change party in the capital, Harare and, armed with a search...