Economy

Protests squeezing Hong Kong economy, tourism, leader says

Oct 8, 2019

Hong Kong's embattled leader Carrie Lam says the city's economy is being battered by months of increasingly violent protests

Budget office estimates US deficit just under $1 trillion

Oct 7, 2019

The U.S. government ran a budget deficit of just under $1 trillion in the just-closed fiscal year

US signs limited deal with Japan on ag, digital trade

Oct 7, 2019

The United States and Japan have signed a limited trade agreement, a deal that would win back benefits American farmers lost when President Donald Trump pulled out of a broader Asia-Pacific pact his first week in office

Victims, families gain key role in Purdue bankruptcy case

Oct 6, 2019

Victims of opioid addiction weren't in the room when OxyContin maker Purdue Pharma persuaded half the state attorneys general to settle claims over the company's role in the nationwide overdose epidemic

AP FACT CHECK: Trump's fact-challenged week over impeachment

Oct 5, 2019

AP FACT CHECK: Facts are getting lost as Trump turns to a familiar playbook to defend against an impeachment inquiry

India's central bank cuts key interest rate for fifth time

Oct 4, 2019

India's central bank has cut its key interest by a quarter of a percentage point to 5.15%, a fifth consecutive reduction, and has also lowered its economic growth forecast for the 2019-2020 financial year to 6.1% from 6.9% projected earlier

Cyprus: Turkey’s new gas drilling bid ‘severe escalation’

Oct 4, 2019

Cyprus is condemning Turkey’s new attempt to drill for gas inside waters where European energy companies are already licensed to carry out a hydrocarbon search as a “severe escalation” of Ankara’s illegal actions and vowed to fight the move

US construction spending up slight 0.1% in August

Oct 1, 2019

US construction spending up just 0.1% in August, dragged by weak nonresidential building

Egyptian president says he'll protect the poor, middle-class

Sep 30, 2019

Egypt's president says he'll protect the poor, middle-class hard hit by his government's austerity measures

Greek fashion firms revitalize centuries-old silk tradition

Sep 29, 2019

Greece's financial crisis nearly snuffed out the country's centuries-old silk manufacturing tradition, but the end of the crippling recession has raised demand for fashion products and silk produced by a remote border town

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