Economy

FILE - This July 2, 2009, file photo, shows the Turnberry Lighthouse on the Ailsa Course at the Turnberry golf course in Scotland. President Donald Trump's two golf resorts in Scotland posted losses for the fifth year in a row as the properties contend with a struggling local economy and a backlash against their owner's divisive politics. (AP Photo/Scott Heppell, File)
October 08, 2019 - 3:28 pm
NEW YORK (AP) — President Donald Trump's two golf resorts in Scotland posted another year of multimillion-dollar losses as his properties contend with a struggling local economy and a backlash against his divisive rhetoric. Trump's golf clubs on the North Sea and Irish Sea lost a combined 11.9...
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FILE - In this April 26, 2019, file photo, traffic warden and securities stand guard near a TV screen broadcasting live of President Xi Jinping's opening speech, outside a shopping mall in Beijing. Companies who do business with China walk a fine line to stay aligned with U.S. values such as freedom of speech and democracy while avoiding offending China, where they stand to make billions of dollars. (AP Photo/Andy Wong, File)
October 08, 2019 - 2:15 pm
NEW YORK (AP) — The furor over a tweet by the Houston Rockets general manager in support of Hong Kong protesters is highlighting the fine line that U.S. companies must walk when doing business with China. The NBA is trying to manage that delicate relationship after Daryl Morey posted a now-deleted...
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FILE - In this Sept. 18, 2019, file photo Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee in Washington. On Tuesday, Oct. 8, Powell is scheduled to speak about the Fed’s interest rate policy in Denver at the annual meeting of the National Association for Business Economics. (AP Photo/Patrick Semansky, File)
October 08, 2019 - 1:35 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that U.S. job growth since early last year was not as robust as thought, a hint that the Fed may be ready to keep cutting interest rates to support the economy. Powell also said the Fed will soon announce plans to buy Treasurys,...
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FILE - In this Jan. 29, 2019, file photo a garment worker walks with her child from the factory after her shift in Phnom Penh, Cambodia. In a report Tuesday, Oct. 8, the World Bank warns that trade conflicts between major countries, specifically the United States and China, are disrupting supply chains and causing manufacturers to delay investment decisions to avoid getting caught in a trade-war crossfire. (AP Photo/Heng Sinith, File)
October 08, 2019 - 1:04 pm
WASHINGTON (AP) — Rising trade tensions are threatening to block a path out of poverty for the world's poorest countries: their ability to manufacture low-cost parts for multinational corporations. In a report out Tuesday, the World Bank warns that trade conflicts between major countries —...
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Employees inspect the voting material at the Central Election Commission counting center in Kosovo capital Pristina on Tuesday, Oct. 8, 2019. More than 100 EU election observers monitored Kosovo's Sunday snap vote when opposition parties won to overcome the former independence fighters who have governed the country since its war 20 years ago, considering them as "well-administered and transparent. (AP Photo/Visar Kryeziu)
October 08, 2019 - 11:31 am
PRISTINA, Kosovo (AP) — A left-wing party leader poised to become Kosovo's next prime minister said Tuesday he isn't in any rush to restart formal talks intended to normalize relations with Serbia and won't lift the previous government's 100% tariff on Serb imports. In a general election held...
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Specialist Meric Greenbaum works at his post on the floor of the New York Stock Exchange, Tuesday, Oct. 8, 2019. Stocks are opening lower on Wall Street as tensions rose between Washington and Beijing just ahead of the latest round of trade talks. (AP Photo/Richard Drew)
October 08, 2019 - 9:57 am
NEW YORK (AP) — Increased tensions ahead of U.S.-China trade negotiations knocked down stocks on Wall Street in afternoon trading Tuesday and stretched the market's losses deeper into a fourth week. The U.S. blacklisted a group of Chinese companies after claiming that their technology plays a role...
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FILE - In this April 18, 2018, file photo the World Bank CEO Kristalina Georgieva speaks during the forum Frontiers in Anticorruption at the World Bank/IMF annual spring meeting in Washington. Georgieva, the new head of the 189-nation International Monetary Fund, says the world economy is in the grips of a “synchronized global slowdown” that will result in slower growth for 90% of the world this year. (AP Photo/Jose Luis Magana, File)
October 08, 2019 - 7:28 am
WASHINGTON (AP) — The new head of the 189-nation International Monetary Fund warned Tuesday that the world economy is in the grips of a "synchronized global slowdown" that will result in slower growth for 90% of the world this year. IMF Managing Director Kristalina Georgieva said that an updated...
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A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Oct. 8, 2019. (AP Photo/Eugene Hoshiko)
October 08, 2019 - 5:15 am
TOKYO (AP) — Shares fell in Europe on Tuesday as Brexit negotiations faltered and as tensions between the U.S. and China rose ahead of trade talks between the world's two largest economies. Market sentiment was dented after the British government said that the chances of a Brexit deal with the...
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FILE - In this May 10, 2019, file photo, China's Vice Premier Liu He, left is greeted by U.S. Treasury Secretary Steve Mnuchin, second from right, and U.S. Trade Representative Robert Lighthizer, third right, as he arrives at the Office of the United States Trade Representative in Washington. China's Ministry of Commerce said Tuesday that Liu is going to Washington on Thursday for talks aimed at ending the tariff war. (AP Photo/Andrew Harnik, File)
October 08, 2019 - 4:00 am
BEIJING (AP) — China demanded Washington lift newly imposed sanctions on Chinese tech companies but said Tuesday envoys will go ahead with a U.S. trip for trade talks despite the latest spike in tensions. The foreign ministry criticized the curbs on sales of U.S. technology to the Chinese companies...
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FILE - In this June 17, 2019, file photo, a man walks alone on normally busy road near the Legislative Council after protesters continue to protest against the extradition bill in Hong Kong. Hong Kong’s embattled leader Carrie Lam said Tuesday that the city’s economy is being battered by months of increasingly violent protests. (AP Photo/Vincent Yu, File)
October 08, 2019 - 2:28 am
HONG KONG (AP) — Hong Kong's economy is languishing after months of increasingly violent protests, the city's embattled leader Carrie Lam said Tuesday. Lam, addressing reporters after a long weekend of more turmoil, said tourism arrivals were down by half and that hotels and retailers were...
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