Economy

In this Jan. 3, 2020, photo, workers make sneakers in a factory in Jinjiang city in southeastern China's Fujian province. China’s economic growth sank to a new multi-decade low of 6.1% in 2019 as consumer demand weakened and Beijing fought a trade war with Washington. Government data Friday, Jan. 17, showed growth was down from 2018’s 6.6%, already the lowest since 1990. Economic growth in the three months ending in December held steady at the previous quarter’s level of 6%. (Chinatopix Via AP)
January 17, 2020 - 8:27 am
BEIJING (AP) — China’s economic growth sank to a new multi-decade low in 2019 as Beijing fought a tariff war with Washington, but forecasters said a U.S.-Chinese trade truce might help to revive consumer and business activity. The world’s second-largest economy grew by 6.1%, down from 2018’s 6.6%,...
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Cuba's President Miguel Diaz-Canel, left, attends a meeting in an art school during a tour in Las Tunas, Cuba, Thursday, Jan. 16, 2020. (AP Photo/Ismael Francisco)
January 17, 2020 - 7:34 am
LAS TUNAS, Cuba (AP) — Cuban President Miguel Díaz-Canel said he does not believe the Trump administration would drop sanctions on the island in exchange for concessions from his government. The Trump administration says it has been tightening sanctions on Cuba in recent months in order to starve...
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FILE - In this Oct. 2, 2019, file photo, a carpenter works on a construction site in North Andover, Mass. On Friday, Jan. 17, 2020, the Commerce Department reports on U.S. home construction in December. (AP Photo/Elise Amendola, File)
January 17, 2020 - 5:34 am
WASHINGTON (AP) — Construction of new homes surged in December to the highest level in 13 years, capping a year in which falling mortgage rates and a strong labor market helped lift the prospects of the housing industry. The Commerce Department reported Friday that builders started construction on...
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In this picture released by the official website of the office of the Iranian supreme leader, worshippers chant slogans during Friday prayers ceremony, as a banner show Iranian Revolutionary Guard Gen. Qassem Soleimani, left, and Iraqi Shiite senior militia commander Abu Mahdi al-Muhandis, who were killed in Iraq in a U.S. drone attack on Jan. 3, and a banner which reads in Persian: "Death To America, "at Imam Khomeini Grand Mosque in Tehran, Iran, Friday, Jan. 17, 2020. Iran's supreme leader said in his sermons President Donald Trump is a "clown" who only pretends to support the Iranian people but will "push a poisonous dagger" into their backs, as he struck a defiant tone in his first Friday sermon in Tehran in eight years. (Office of the Iranian Supreme Leader via AP)
January 17, 2020 - 4:50 am
DUBAI, United Arab Emirates (AP) — Iran's supreme leader says his nation is living through “days of God.” The Islamic Republic has been reeling from one crisis to another, from the targeted killing by the United States of its top general to the Revolutionary Guard's accidental shootdown of a...
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January 17, 2020 - 4:41 am
LONDON (AP) — Will the real Robert Shapiro please take the microphone? BBC radio presenter Evan Davis was left in an embarrassing situation Thursday while introducing a segment on a proposal to allow cameras to record sentencing remarks in U.K. courts. During a live telephone interview on "PM," an...
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Myanmar's leader Aung San Suu Kyi, right, shakes hands with Chinese President Xi Jinping during their meeting at the Presidential Palace in Naypyitaw, Myanmar, Friday, Jan. 17, 2020. (AP Photo/Aung Shine Oo)
January 17, 2020 - 3:44 am
NAYPYITAW, Myanmar (AP) — China's President Xi Jinping was given a lavish welcome to Myanmar as he arrived Friday for a state visit meant to deepen bilateral relations at a critical time. The visit nominally marks the 70th anniversary of the establishment of diplomatic relations between China and...
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-FILE- In this Friday, April 20, 2018 file image fields of flowers are left to bloom to cultivate the bulbs around spring garden de Keukenhof in Lisse, west central Netherlands. Dutch agriculture exports rose 4.6% in 2019 from the previous year to a new record of 94.5 billion euros ($105.2 billion), the country's statistics office and an economic research organization said Friday, Jan. 17, 2020. Flowers, plants and bulbs were the highest value exports, totaling 9.5 billion euros. (AP Photo/Peter Dejong, File)
January 17, 2020 - 2:23 am
THE HAGUE, Netherlands (AP) — Dutch agriculture exports rose 4.6% in 2019 from the previous year to a new record of 94.5 billion euros ($105.2 billion), the country's statistics office and a research organization said Friday. In this country famous for its colorful fields of tulips, horticultural...
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FILE - In this Jan. 10, 2020, file photo specialist Meric Greenbaum, center, 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. 16. (AP Photo/Richard Drew, File)
January 17, 2020 - 1:04 am
Global stock markets followed Wall Street higher on Friday after China reported 6.1% economic growth in 2019 and Washington and Beijing signed an interim trade agreement. London and Frankfurt opened higher, while Shanghai, Tokyo and Hong Kong advanced after the U.S. benchmark S&P 500 index hit...
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FILE - This Feb. 5, 2018, file photo shows the seal of the Board of Governors of the United States Federal Reserve System at the Marriner S. Eccles Federal Reserve Board Building in Washington. On Thursday, Jan. 16, 2020, President Donald Trump announced he has nominated Judy Shelton and Christopher Waller to serve on the Federal Reserve's influential Board of Governors. Shelton is an economic adviser to Trump's campaign who recently served as the U.S. executive director for the European Bank of Reconstruction and Development. Waller is the director of research at the Federal Reserve Bank of St. Louis. (AP Photo/Andrew Harnik, File)
January 16, 2020 - 5:38 pm
WASHINGTON (AP) — President Donald Trump said Thursday that he intends to nominate two people to serve on the Federal Reserve's Board of Governors, an institution he has repeatedly attacked for not cutting rates deeply enough. Both were first named by Trump on Twitter in July but their nominations...
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ARCHIVO - En imagen de archivo del 3 de octubre de 2019, los fuselajes del Boeing 737 MAX, fabricados por Spirit Aerosystems en Wichita, Kansas, se encuentran cubiertos pr lonas cerca de la fábrica. (Travis Heying/The Wichita Eagle vía AP, archivo)
January 16, 2020 - 3:30 pm
Kansas Labor Secretary Delia Garcia said Thursday that the state is better prepared to respond to layoffs stemming from the grounding of the troubled Boeing 737 Max than it was during the Great Recession, when it had to borrow money to prop up its unemployment insurance trust fund. That fund now...
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