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Creditors start checkup as Greece seeks lower budget targets
| January 20th, 2020  8:28 AM
Creditors start checkup as Greece seeks lower budget targets
ATHENS, Greece (AP) — Officials from Greece's bailout-creditor institutions are in Athens for an inspection of the country's public finances, as the center-right government is pressing for more lenient budget performance targets. The weeklong inspection began Monday, and involves the European Commission, the European Central Bank, and…
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Creditors start checkup as Greece seeks lower budget targets
Creditors start checkup as Greece seeks lower budget targets
| January 20th | 2020  8:28AM
Creditors start checkup as Greece seeks lower budget targets
ATHENS, Greece (AP) — Officials from Greece's bailout-creditor institutions are in Athens for an inspection of the country's public finances, as the center-right government is pressing for more lenient budget performance targets. The weeklong inspection began Monday, and involves the European Commission, the European Central Bank, and…
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IMF: Low rates and reduced trade tension to aid world growth
IMF: Low rates and reduced trade tension to aid world growth
| January 20th | 2020  8:24AM
IMF: Low rates and reduced trade tension to aid world growth
WASHINGTON (AP) — Low interest rates and reduced trade tensions will likely buoy the global economy over the next two years and help nurture steady if modest growth. That's the view of the International Monetary Fund, which foresees world economic growth accelerating from 2.9% last year to 3.3% in 2020 and 3.4% in 2021. The international…
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Rising inequality eroding trust in capitalism - survey
Energy industry news icon
| January 20th | 2020  7:54AM
Rising inequality eroding trust in capitalism - survey
DAVOS, Switzerland (AP) — Rising income inequality is undermining confidence in capitalism around the world, according to a survey conducted by public relations firm Edelman ahead of the gathering of the elites in the Swiss ski resort of Davos. Among those surveyed in the report published Monday, 56% thought that capitalism was doing…
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Davos bolsters security as protesters march toward venue
Davos bolsters security as protesters march toward venue
| January 20th | 2020  7:53AM
Davos bolsters security as protesters march toward venue
DAVOS, Switzerland (AP) — Hundreds of disgruntled protesters against the elite World Economic Forum are marching through the Alpine snows toward its annual gathering in Davos, as officials on Monday detailed extra security measures like vehicle checks and webcam shutdowns with U.S. President Donald Trump and other notables set to arrive. …
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World shares mixed ahead of central bank decisions
World shares mixed ahead of central bank decisions
| January 20th | 2020  7:18AM
World shares mixed ahead of central bank decisions
TOKYO (AP) — Stock markets were trading in narrow ranges Monday as investors awaited central bank decisions and earnings reports due out in coming weeks. U.S. stock markets will be closed in observance of the Martin Luther King Jr. holiday. In Europe, France's CAC 40 declined 0.2% to 6,089, while Germany's DAX edged up 0.1% to 13,541.
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UK looks to fast-growing Africa for trade ties after Brexit
UK looks to fast-growing Africa for trade ties after Brexit
| January 20th | 2020  6:57AM
UK looks to fast-growing Africa for trade ties after Brexit
LONDON (AP) — British Prime Minister Boris Johnson and Prince Harry touted the U.K. as an ideal business partner for Africa on Monday as their country prepares for post-Brexit dealings with the world. But Britain faces tough challenges as it seeks to assert itself on a continent with several of the world’s fastest-growing economies and…
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France's Macron makes big push for more foreign investment
France's Macron makes big push for more foreign investment
| January 20th | 2020  3:53AM
France's Macron makes big push for more foreign investment
PARIS (AP) — French President Emmanuel Macron is hosting 180 international business leaders at the Palace of Versailles in a bid to promote France’s economic attractiveness despite over six weeks of crippling strikes over his government's planned pension changes. Top executives from Google, Netflix, Coca-Cola, Toyota, Samsung and General Electric were among those attending the annual event Monday.
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Huawei exec's extradition hearing begins in Canada
Huawei exec's extradition hearing begins in Canada
| January 20th | 2020  3:28AM
Huawei exec's extradition hearing begins in Canada
VANCOUVER, British Columbia (AP) — The first stage of an extradition hearing for a senior executive of Chinese telecom giant Huawei begins Monday in a Vancouver courtroom, a case that has infuriated Beijing, caused a diplomatic uproar and added to tensions between China and the United States. Canada's arrest of chief financial officer…
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Asian shares mostly higher before central banks' decisions
Government policy news icon
| January 20th | 2020  1:38AM
Asian shares mostly higher before central banks' decisions
TOKYO (AP) — Asian shares were mostly higher Monday as investors awaited central bank decisions and earnings reports due out in coming weeks. U.S. stock markets will be closed in observance of the Martin Luther King Jr. holiday. Japan's benchmark Nikkei 225 edged 0.2% higher to close at 24,083.51, while Australia's S&P/ASX 200 added 0.2% to 7,079.50.
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This Week: Netflix earns, US home sales, Southwest earns
Economy news icon
| January 20th | 2020  1:10AM
This Week: Netflix earns, US home sales, Southwest earns
A look at some of the key business events and economic indicators upcoming this week: STREAMING WARS Netflix serves up its fourth-quarter results Tuesday. Financial analysts forecast the video streaming pioneer will report that its earnings and revenue increased in the final quarter of 2019. Investors will…
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Extradition hearing for Huawei executive begins in Canada
Government policy news icon
| January 20th | 2020  12:05AM
Extradition hearing for Huawei executive begins in Canada
VANCOUVER, British Columbia (AP) — The first stage of an extradition hearing for a senior executive of Chinese telecom giant Huawei begins Monday in a Vancouver courtroom, a case that has infuriated Beijing, set off a diplomatic furor and raised fears of a brewing tech war between China and the United States. Canada's arrest of chief…
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Trump thanks farmers for backing him through China trade war
Donald Trump
| January 19th | 2020  8:17PM
Trump thanks farmers for backing him through China trade war
AUSTIN, Texas (AP) — President Donald Trump thanked farmers Sunday for supporting him through a trade war with China as he promoted a new North American trade agreement and a separate one with China that he said will massively benefit farmers. “We did it,” Trump said, recalling his campaign promises to improve America's trading relationships with other countries.
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Davos report: Social mobility not just right, but beneficial
Social affairs news icon
| January 19th | 2020  7:09PM
Davos report: Social mobility not just right, but beneficial
DAVOS, Switzerland (AP) — Nations can learn from Nordic and other European countries when it comes to helping people scale up the economic ladder, and countries like China and the United States could reap billions by boosting social mobility, a report said Monday. The World Economic Forum released its first “Global Social Mobility Index,”…
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Trump promotes China, Mexico-Canada trade deals to farmers
Government policy news icon
| January 19th | 2020  7:04PM
Trump promotes China, Mexico-Canada trade deals to farmers
AUSTIN, Texas (AP) — President Donald Trump took a victory lap Sunday as he addressed farmers about a pair of new U.S. trade agreements with its North American neighbors and with China. “We did it,” Trump said as he recalled his campaign promises to improve trade with China and separately with Canada and Mexico. When…
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Trump to promote China, Mexico-Canada trade deals to farmers
Donald Trump Liu He
| January 19th | 2020  1:13PM
Trump to promote China, Mexico-Canada trade deals to farmers
WEST PALM BEACH, Fla. (AP) — President Donald Trump is expected to discuss new U.S. trade agreements with its North American neighbors and with China during an appearance Sunday at a convention of American farmers. When Trump spoke to the American Farm Bureau Federation's convention last year, he urged farmers to continue supporting…
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Cyprus blasts 'pirate state' Turkey's new gas drilling bid
Cyprus blasts 'pirate state' Turkey's new gas drilling bid
| January 19th | 2020  12:53PM
Cyprus blasts 'pirate state' Turkey's new gas drilling bid
NICOSIA, Cyprus (AP) — Cyprus on Sunday denounced Turkey as a “pirate state" that flouts international law as Turkey's bid to drill for natural gas in waters where Cyprus has economic rights rekindled tensions over energy reserves in the eastern Mediterranean. Cyprus said Turkey was now attempting to drill inside an exploration area,…
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Gun industry gathers amid slumping sales, rising tensions
Gun industry gathers amid slumping sales, rising tensions
| January 19th | 2020  12:43PM
Gun industry gathers amid slumping sales, rising tensions
LAS VEGAS (AP) — Gun companies are gathering for their annual conference and trade show this week in Las Vegas at a pivotal moment for the industry amid slumping sales, a public increasingly agitating for restrictions on access to firearms and escalating tensions over gun control efforts. The event, held by the National Shooting Sports…
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Davos chief welcomes views of Trump, Greta Thunberg at forum
Davos chief welcomes views of Trump, Greta Thunberg at forum
| January 19th | 2020  11:53AM
Davos chief welcomes views of Trump, Greta Thunberg at forum
DAVOS, Switzerland (AP) — The head of the World Economic Forum says it's “reassuring" that U.S. President Donald Trump and climate activist Greta Thunberg will both return to its annual meeting in Davos this year, noting that concerns about the environment will be a key topic. WEF founder Klaus Schwab sees vast changes in business, society…
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Germany hosts summit on Libya, seeks to halt proxy fighting
Germany hosts summit on Libya, seeks to halt proxy fighting
| January 19th | 2020  11:27AM
Germany hosts summit on Libya, seeks to halt proxy fighting
BERLIN (AP) — Germany brought together the key players in Libya’s long-running civil war on Sunday, seeking to curb foreign military interference, solidify a cease-fire and help relaunch a political process to stop the chaos in the North African nation. German Chancellor Angela Merkel welcomed leaders from 11 countries outside Libya as…
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