Economy

July 08, 2019 - 12:15 am
BERLIN (AP) — German exports and industrial production picked up slightly in May, staging a very modest recovery after the previous month's disappointing data. Official statistics released Monday showed that exports were up 1.1% on the month after dropping 3.4% in April. Industrial production rose...
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A currency trader walks by the screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Monday, July 8, 2019. Asian stocks tumbled Monday after relatively strong U.S. employment data tempered hopes the Federal Reserve might cut interest rates. (AP Photo/Lee Jin-man)
July 07, 2019 - 8:38 pm
BEIJING (AP) — Asian stocks tumbled Monday after relatively strong U.S. employment data tempered hopes the Federal Reserve might cut interest rates. Benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all declined. Fed leaders have said they are ready to cut rates to support economic growth amid a...
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Greek opposition New Democracy conservative party leader Kyriakos Mitsotakis waves to his supporters after win in parliamentary elections at the New Democracy headquarters in Athens, on Sunday, July 7, 2019. Official results from nearly 60% of ballots counted showed the conservative New Democracy party of Kyriakos Mitsotakis winning comfortably with 39.7% compared to Tsipras' Syriza party with 31.5%. (AP Photo/Petros Giannakouris)
July 07, 2019 - 4:47 pm
ATHENS, Greece (AP) — Conservative opposition leader Kyriakos Mitsotakis comfortably won Greece's parliamentary elections Sunday, delivering a stinging blow to leftist Prime Minister Alexis Tsipras after a tumultuous four years in office as the country struggled through a crippling financial crisis...
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Greek opposition New Democracy conservative party leader Kyriakos Mitsotakis with his daughter Dafni arrive at the New Democracy headquarters in Athens, on Sunday, July 7, 2019. Exit polls in Greece's general election indicate conservative opposition leader Kyriakos Mitsotakis has won a comfortable victory over left-wing Prime Minsiter Alexis Tsipras. (AP Photo/Petros Giannakouris)
July 07, 2019 - 11:46 am
ATHENS, Greece (AP) — The Latest on Greece's parliamentary election (all times local): 9:35 p.m. Greek Prime Minister Alexis Tsipras has conceded his country's parliamentary election and said he phoned conservative opposition leader Kyriakos Mitsotakis to congratulate him on his victory. Official...
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July 07, 2019 - 8:08 am
JOHANNESBURG (AP) — Several African heads of state have gathered in Niger's capital to launch a continentwide free trade area. The African Continental Free Trade Area aims to create a single unified market for the continent's 1.3 billion people and to boost economic development in an estimated...
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In this June 20, 2019 photo, the Capitol is seen from the roof of the Canadian Embassy in Washington. Health care is on the agenda for Congress when lawmakers return, and it’s not another battle over the Obama-era Affordable Care Act. Instead of dealing with the uninsured, lawmakers are trying to bring down costs for people who already have coverage. (AP Photo/J. Scott Applewhite)
July 07, 2019 - 6:00 am
WASHINGTON (AP) — Lawmakers are trying to set aside their irreconcilable differences over the Obama-era Affordable Care Act and work to reach bipartisan agreement on a more immediate health care issue, lowering costs for people who already have coverage. Returning from their Fourth of July recess,...
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July 06, 2019 - 2:18 am
ISTANBUL (AP) — Turkey's president has fired the central bank governor amid the country's economic downturn. Murat Cetinkaya was replaced by Murat Uysal, the deputy governor, in a presidential decree published Saturday. President Recep Tayyip Erdogan has the authority to make such appointments,...
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Indian Finance Minister Nirmala Sitharaman, center left, and junior Finance Minister Anurag Thakur, left, stands for the media outside the finance ministry before proceeding towards the parliament house to unveil the annual federal budget in New Delhi, India, Friday, July 5, 2019. India's government says the economy is expected to grow at 7% in 2019-20, up from a five-year low of 6.8% in the past year. (AP Photo/Mariya Amrayeva)
July 05, 2019 - 9:11 pm
NEW DELHI (AP) — Indian Prime Minister Narendra Modi's government on Friday proposed heavy investments in infrastructure, the digital economy and job creation to lift a sluggish economy burdened with a 45-year-high unemployment rate of 6.1%. Unveiling a draft budget after a major victory in...
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In this Tuesday, June 4, 2019 photo, job applicants line up at the Seminole Hard Rock Hotel & Casino Hollywood during a job fair in Hollywood, Fla. On Friday, July 5, the U.S. government issues the June jobs report. (AP Photo/Wilfredo Lee)
July 05, 2019 - 1:23 pm
WASHINGTON (AP) — U.S. employers sharply stepped up their hiring in June, adding a robust 224,000 jobs, an indication of the economy's durability after more than a decade of expansion. The strength of the jobs report the government issued Friday could complicate a decision for the Federal Reserve...
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A trader works at the New York Stock Exchange, Friday, July 5, 2019 in New York. (AP Photo/Mark Lennihan)
July 05, 2019 - 12:29 pm
U.S. stocks edged lower and bond yields rose Friday afternoon as Wall Street closed in on a downbeat finish to an otherwise solid week of gains for the broader market. Stocks hovered slightly lower after nearly recovering from an early slide that briefly had the Dow Jones Industrial Average down...
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