Economy

A man burn joss sticks as he prays at the Wong Tai Sin Temple, Friday, Jan. 24, 2020, in Hong Kong, to celebrate the Lunar New Year which marks the Year of the Rat in the Chinese zodiac. China is expanding its lockdown against the deadly new virus to an unprecedented 36 million people and rushing to build a prefabricated, 1,000-bed hospital for victims as the outbreak cast a pall over Lunar New Year, the country’s biggest and most festive holiday. (AP Photo/Achmad Ibrahim)
January 24, 2020 - 2:48 pm
China’s worst health crisis in years has sparked fear and uncertainty for businesses from North America to Asia that depend on trade in the affected region. Experts say it’s too soon to know how disruptive the crisis will prove. But it’s already having an impact. McDonald’s has shuttered...
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FILE - In this Jan. 9, 2020, file photo specialist Brian Giannettino 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. 24. (AP Photo/Richard Drew, File)
January 24, 2020 - 2:03 pm
Health care companies led a broad slide in U.S. stocks Friday as increased fears over the spread of a deadly outbreak of coronavirus rattled markets. The S&P 500 had its worst day since early October and snapped a two-week winning streak. The sell-off followed news that a Chicago woman has...
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German Finance Minister Olaf Scholz, center, looks at European Commissioner for Economy Paolo Gentiloni, front left, and European Central Bank Vice President Luis de Guindos, front right, as he arrives to an European Finance Ministers meeting at the Europa building in Brussels, Tuesday, Jan. 21, 2020. (AP Photo/Francisco Seco)
January 24, 2020 - 5:26 am
DAVOS, Switzerland (AP) — German finance minister says he is confident that his country won’t suffer from Brexit but that Britain will inevitably face “consequences” from its decision to leave the European Union. At a panel at the World Economic Forum, Olaf Scholz said Britain’s financial sector...
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Climate activists Isabelle Axelsson, Loukina Tille, Vanessa Nakate, Greta Thunberg, and Luisa Neubaue,, from left, arrive for a news conference in Davos, Switzerland, Friday, Jan. 24, 2020. The 50th annual meeting of the forum is taking place in Davos from Jan. 21 until Jan. 24, 2020 (AP Photo/Markus Schreiber)
January 24, 2020 - 5:18 am
DAVOS, Switzerland (AP) — Climate activist Greta Thunberg on Friday brushed off criticism and mockery from U.S. Treasury Secretary Steven Mnuchin, saying that his comments have “of course no effect” on her and fellow campaigners. The 17-year-old Swedish star acknowledged such young activists “are...
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FILE - In this Jan. 15, 2020, file photo specialist Peter Mazza works at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Jan. 23. (AP Photo/Richard Drew, File)
January 23, 2020 - 9:07 am
NEW YORK (AP) — Stocks fell on Wall Street in midday trading Thursday as investors worried that a deadly virus outbreak in China could continue spreading and hurt the global economy. The slump for U.S. indexes follows a sell-off for global markets as authorities worldwide take measures to monitor...
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Britain's Prime Minister Boris Johnson leaves 10 Downing Street to attend the weekley session of Prime Ministers Questions in Parliament in London, Wednesday, Jan. 22, 2020. (AP Photo/Kirsty Wigglesworth)
January 23, 2020 - 7:47 am
LONDON (AP) — Britain’s delayed and disputed Brexit bill became law on Thursday, removing the last U.K. obstacle to the country leaving the European Union in just over a week. Deputy Speaker Nigel Evans announced in the House of Commons that the Withdrawal Agreement Act had received royal assent...
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Sajid Javid, Britain's Chancellor of the Exchequer, pictured during the 50th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Wednesday, Jan. 22, 2020. (Gian Ehrenzeller/Keystone via AP)
January 23, 2020 - 7:36 am
DAVOS, Switzerland (AP) — The United States, the European Union and what will soon be post-Brexit Britain have all raised the prospect of concluding trade deals between themselves by the end of this year, setting up an intense few months of negotiations. High-level representatives said Thursday at...
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Secretary of Treasury, Steven Mnuchin, at podium, speaks as U.S. Trade Representative Robert Lighthizer, back second from right and President Donald Trump, right, listen during a signing ceremony for "phase one" of a US China trade agreement, in the East Room of the White House, Wednesday, Jan. 15, 2020, in Washington. (AP Photo/Steve Helber)
January 23, 2020 - 6:25 am
DAVOS, Switzerland (AP) — As one of the executive producers of the last Mad Max movie, U.S. Treasury Secretary Steven Mnuchin might have been interested in the apocalyptic climate warnings of Greta Thunberg. Instead, he took a personal swipe at the 17-year-old, saying she was in no position to give...
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European Central Bank President Christine Lagarde gestures during a meeting of European Union Finance Ministers in Eurogroup format at the Europa building in Brussels, Monday, Jan. 20, 2020. (AP Photo/Francisco Seco)
January 23, 2020 - 4:50 am
FRANKFURT, Germany (AP) — The European Central Bank had decided to launch a top-to-bottom review of how it steers the economy for 342 million people in the 19 countries that use the Europe. The bank’s 25-member governing council on Thursday gave the green light for the review proposed by new ECB...
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Volodymyr Zelenskiy, President of Ukraine, speaks during a plenary session during the 50th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Wednesday, Jan. 22, 2020. (Gian Ehrenzeller/Keystone via AP)
January 23, 2020 - 4:36 am
DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 1:25 p.m. Turkey's foreign minister has reiterated a proposal to establish a NATO-lead committee to review possible threats to the alliance from Turkey's purchase of a Russian-made missile...
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