Latest Business News

AP PHOTOS: Designers turn plastic trash into treasures

Apr. 25, 2019 4:51 AM EDT

MILAN (AP) — Scientists and environmentalists have long warned about the dangers of plastic pollution, especially now that plastic trash of all types is choking the world's rivers and oceans. High-end designers have responded by "upcycling" discarded objects into unique, desirable design pieces. One Milan...

Spain election dominated by uncertainty, splintered right

Apr. 25, 2019 4:29 AM EDT

BARCELONA, Spain (AP) — The outcome of Spain's election on Sunday is anyone's guess. A substantial pool of voters is still undecided. The country's traditional parties have been diluted. And a rising populist party has splintered the right. The ballot will be Spain's third parliamentary election in less...

Climate activists block entrance to London Stock Exchange

Apr. 25, 2019 4:22 AM EDT

LONDON (AP) — Environmental activists are blocking the main entrance to the London Stock Exchange after gluing themselves to the doorway while wearing LED displays reading "climate emergency." The Extinction Rebellion demonstrators also climbed on top of a Docklands Light Railway train at Canary Wharf...

Nintendo profit jumps 39% on Switch software sales

Apr. 25, 2019 4:21 AM EDT

TOKYO (AP) — Japanese video game maker Nintendo Co. is reporting a 39% rise in profit for the fiscal year through March on healthy software sales for its popular Switch console. The Kyoto-based company behind the Super Mario and Pokemon franchises on Thursday reported a 194 billion yen ($1.7 billion)...

Nokia books surprise loss amid tough competition in networks

Apr. 25, 2019 4:11 AM EDT

HELSINKI (AP) — Telecoms gear maker Nokia has reported a surprise first-quarter loss amid tougher competition for the new, superfast wireless 5G networks that are expected to increase in business this year. The company, based in Espoo, Finland, said Thursday its net loss for the January-March period was...

China faces debt fears ahead of construction forum

Apr. 25, 2019 4:09 AM EDT

BEIJING (AP) — China's finance minister tried Thursday to dispel complaints its Belt and Road infrastructure-building initiative leaves developing countries with too much debt, promising "sustainable financing" as leaders gathered to celebrate the project. Liu Kun's comments came as Chinese authorities...

Macron to offer solutions to French yellow vest grievances

Apr. 25, 2019 4:01 AM EDT

PARIS (AP) — French President Emmanuel Macron is set to unveil long-awaited plans to quell five months of yellow vest protests that have damaged his presidency. Macron will make a speech Thursday at the Elysee presidential palace based on three months of national debate aimed at addressing the protesters'...

Hand-carved mahjong tiles are a dying craft in Hong Kong

Apr. 25, 2019 4:00 AM EDT

HONG KONG (AP) — Just opposite the entrance to a neon-lit night market, one of Hong Kong's few remaining carvers of mahjong tiles engraves the two Chinese characters for the number 8,000 on a piece of acrylic. With a knife in his right hand, Cheung Shun-king turns the tile with the other to cut into it....

Asian shares mixed after US stocks retreat from record highs

Apr. 25, 2019 3:04 AM EDT

TOKYO (AP) — Asian shares were mixed Thursday, with the Shanghai benchmark sharply lower, after U.S. stocks gave back some gains from Tuesday's rally on Wall Street. Japan's benchmark Nikkei 225 edged up 0.5% to 22,307.58. South Korea's Kospi fell 0.5% to 2,190.50. Hong Kong's Hang Seng sank 0.5% to...

Royal Bank of Scotland chief executive to step down

Apr. 25, 2019 2:48 AM EDT

LONDON (AP) — Royal Bank of Scotland says chief executive Ross McEwan is stepping down after 5 1/2 years overseeing the restructuring of a bank that was bailed out by the government during the global financial crisis. RBS said Thursday that McEwan will remain CEO while it conducts an internal and external...