Economic growth

FILE - In this July 4, 2019, photo, Chinese magazines with front covers featuring Chinese President Xi Jinping and U.S. President Donald Trump on trade war are placed for sale at a roadside bookstand in Hong Kong. China on Thursday, Aug. 15, 2019 threatened retaliation if Washington steps up their war over trade and technology by going ahead with planned Sept. 1 tariff hikes on additional Chinese imports. (AP Photo/Andy Wong, File)
August 15, 2019 - 9:07 pm
HONG KONG (AP) — Hong Kong's government announced tax cuts and higher social spending Thursday to reverse a deepening economic slump aggravated by anti-government protests and the U.S.-Chinese tariff war. The territory's financial secretary, Paul Chan, cut this year's official growth forecast to 0...
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FILE - In this April 24, 2019, file photo a Walmart associate works at a Walmart Neighborhood Market in Levittown, N.Y. Walmart Inc. reports financial results Thursday, Aug. 15. (AP Photo/Mark Lennihan, File)
August 15, 2019 - 7:46 am
NEW YORK (AP) — Walmart offered a dose of optimism amid growing concerns over weakening economic growth by raising its annual outlook after a strong second quarter. Sales at stores opened at least a year rose 2.8%, its 20th consecutive quarter in the right direction as the world's largest retailer...
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FILE - In this July 28, 2019, file photo unsold 2019 Lincoln Navigators sit at a dealership in Englewood, Colo. On Thursday, Aug. 15, the Commerce Department releases U.S. retail sales data for July. (AP Photo/David Zalubowski, File)
August 15, 2019 - 7:41 am
WASHINGTON (AP) — Americans spent more at retail stores and restaurants in July, a sign that concerns over weakening economic growth and a persistent trade war that have roiled financial markets have yet to dampen consumer confidence. Retail sales rose a healthy 0.7% last month after a 0.3% gain in...
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Specialist Mario Picone works on the floor of the New York Stock Exchange, Wednesday, Aug. 14, 2019. The Dow Jones Industrial Average sank 800 points after the bond market flashed a warning sign about a possible recession for the first time since 2007. (AP Photo/Richard Drew)
August 14, 2019 - 8:37 pm
BEIJING (AP) — Asian stock markets followed Wall Street lower on Thursday after the Dow Jones Industrial Average plunged on mounting fears of a possible recession. Market benchmarks in Shanghai, Tokyo and Hong Kong all retreated. U.S. investors dumped stocks, sending the Dow into its biggest one-...
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FILE - In this Thursday, May 16, 2019 photo cars for export and import are stored in front of containers at the harbor in Bremerhaven, Germany. The German economy shrank by 0.1 percent in the second quarter as global trade conflicts and troubles in the auto industry weighed on Europe's largest economy. (AP Photo/Martin Meissner, file)
August 14, 2019 - 7:29 am
FRANKFURT, Germany (AP) — Germany's economy shrank by 0.1 percent in the second quarter as global trade conflicts and troubles in the auto industry held back the largest member of the 19-country euro currency union. The weak performance darkened prospects for the entire eurozone, where the European...
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A currency trader walks by a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Tuesday, Aug. 13, 2019. Asian stock markets followed Wall Street lower Tuesday amid anxiety the U.S.-Chinese trade war will hurt already slowing global economic growth. (AP Photo/Lee Jin-man)
August 13, 2019 - 4:49 am
BEIJING (AP) — Global stock markets were retreating again Tuesday amid anxiety the U.S.-Chinese trade war will hurt already slowing global economic growth. Market benchmarks in London and Frankfurt fell, while Shanghai and Tokyo closed down. Hong Kong's main index lost 2.1% as pro-democracy...
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FILE- In this March 10, 2015 file photo, the sun peeks through a gap between clouds and a mountain as Kashmiri fishermen row their boats on their way home after working in Dal Lake in Srinagar, in Indian-controlled Kashmir. Kashmir’s pristine Alpine landscape, ski resorts, lake houseboat stays and uninterrupted acres of apple orchards have long made it a global tourist draw. (AP Photo/Dar Yasin, File)
August 12, 2019 - 5:29 pm
NEW DELHI (AP) — Indian authorities have characterized their surprise move to strip Jammu and Kashmir's special constitutional status as freeing the disputed Himalayan territory from the bonds that kept it from realizing its economic potential. But the argument is flawed. The region already...
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In this Aug. 6, 2019, photo, tugboats manuever a container ship at a port in Qingdao in eastern China's Shandong province. Chinese imports of American goods plunged in July as a tariff war with Washington intensified. (Chinatopix via AP)
August 09, 2019 - 4:48 am
PARIS (AP) — The trade war between the United States and China and a broader decline in world economic growth are weakening the demand for oil and pushing prices down, the International Energy Agency said Friday. The Paris-based agency, which advises many developed countries on energy policies, cut...
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Trader James Coffey works on the floor of the New York Stock Exchange, Monday, Aug. 5, 2019. U.S. stocks nosedived in early trading on Wall Street Monday as China's currency fell sharply and stoked fears that the trade war between the world's two largest economies would continue escalating. (AP Photo/Richard Drew)
August 05, 2019 - 2:01 pm
NEW YORK (AP) — U.S. stocks plunged to their worst loss of the year Monday and investors around the world scrambled to sell on worries about how much President Donald Trump's worsening trade war will damage the global economy. China let its currency, the yuan, drop to its lowest level against the...
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FILE - In this June 10, 2019, file photo, a man walks past a money exchange shop decorated with different banknotes at Central, a business district of Hong Kong. China's yuan fell below the politically sensitive level of seven to the U.S. dollar on Monday, Aug. 5, 2019, possibly adding to trade tension with Washington. The currency weakened to 7.0177 in early trading following U.S. President Donald Trump's threat last week of tariff hikes on additional Chinese imports in a fight over Beijing's trade surplus and technology policies. (AP Photo/Kin Cheung, File)
August 05, 2019 - 3:20 am
BEIJING (AP) — China allowed its yuan to fall below the politically sensitive level of seven to the U.S. dollar on Monday for the first time in 11 years, prompting concern Beijing might use devaluation as a weapon in a tariff war with Washington. The central bank blamed the exchange rate's decline...
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