Economy

In this photo taken Monday, May 20, 2019, residents enjoy a cool evening near a Huawei store in Beijing. The Trump administration's sanctions against Huawei have begun to bite even though their dimensions remain unclear. U.S. companies that supply the Chinese tech powerhouse with computer chips saw their stock prices slump Monday, and Huawei faces decimated smartphone sales with the anticipated loss of Google's popular software and services. (AP Photo/Ng Han Guan)
May 21, 2019 - 6:50 am
BEIJING (AP) — The founder of Huawei expressed confidence Washington's curbs on sales to the Chinese tech giant will have little impact and said Tuesday it is discussing "emergency relief" from Google for possible loss of services for its smartphone business. Huawei Technologies Ltd., the biggest...
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FILE - This Oct. 24, 2016, file photo shows dollar bills in New York. Almost the entire 2020 Democratic presidential field has joined the labor movement driven by fast food workers to implement a federal minimum wage of $15. (AP Photo/Mark Lennihan, File)
May 20, 2019 - 10:53 am
From liberal firebrands Bernie Sanders and Elizabeth Warren to moderates Joe Biden and John Hickenlooper, nearly the entire 2020 Democratic presidential field agrees that the federal minimum wage should be more than doubled, to $15 an hour. That near-unanimity reflects the success of an unorthodox...
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FILE - In this June 20, 2018 file photo, Catoctin Creek Distillery whiskey is on display in a tasting room in Purcellville, Va. American whiskey producers feeling the pain from the Trump administration’s trade disputes have gotten a shot of relief with an agreement announced Friday, May 24, 2019 that will end retaliatory tariffs that Canada and Mexico slapped on whiskey and other U.S. products. (AP Photo/Steve Helber, File)
May 20, 2019 - 10:03 am
LOUISVILLE, Ky. (AP) — American whiskey producers feeling the pain from the Trump administration's trade disputes have gotten a shot of relief with an agreement that will end retaliatory tariffs that Canada and Mexico slapped on whiskey and other U.S. products. The whiskey industry hailed the...
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FILE - In this April 29, 2019, file photo, Palestinian President Mahmoud Abbas, center, chairs a session of the weekly cabinet meeting in the West Bank city of Ramallah. The Trump administration will unveil the first phase of its long-awaited blueprint for Mideast peace next month at a conference in the region designed to highlight economic benefits that could be reaped if the Israeli-Palestinian conflict is resolved, the White House said Sunday, May 19. Jared Kushner and Jason Greenblatt, envoy of international negotiations, have been leading efforts to write the plan, but so far, there's been no participation from the Palestinians. (AP Photo/Majdi Mohammed, Pool, File)
May 20, 2019 - 8:41 am
JERUSALEM (AP) — The Palestinian prime minister said Monday that any American peace plan that ignores the Palestinian people's aspirations for an independent state is doomed to fail. Mohammad Shtayyeh's comments immediately cast a cloud over the American-led Mideast peace conference expected to...
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May 20, 2019 - 8:40 am
NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. A sell-off in shares of chipmakers is pushing U.S. stocks lower as Wall Street begins trading Monday. Companies are taking steps to comply with the Trump administration's decision to restrict technology...
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Cars for export and import are stored in front of containers on Thursday, May 16, 2019 at the harbor in Bremerhaven, Germany, with 2 million vehicles per annum one of the largest automobile hubs in the world. US President Donald Trump is delaying any decision to impose tariffs on car and auto-part imports for now. (AP Photo/Martin Meissner)
May 20, 2019 - 7:38 am
BRUSSELS (AP) — The European Union is rejecting claims that Europe's car exports pose a threat to the United States after U.S. Commerce Secretary Wilbur Ross ruled that imported vehicles and parts imperil national security. European Commission spokesman Margaritis Schinas said Monday that "the EU...
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In this photo taken Thursday, May 16, 2019, a man past by a Huawei store in Beijing. Google is assuring users of Huawei smartphones the American company's services still will work on them following U.S. government restrictions on doing business with the Chinese tech giant. (AP Photo/Ng Han Guan)
May 20, 2019 - 7:37 am
BEIJING (AP) — Google said Monday its basic services on Huawei smartphones still will function following U.S. sales curbs, but the Chinese tech giant faces the possible loss of other features and support. The announcement highlighted the growing damage to Huawei from Washington's order. The company...
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Cars for export and import are stored in front of containers on Thursday, May 16, 2019 at the harbor in Bremerhaven, Germany, with 2 million vehicles per annum one of the largest automobile hubs in the world. US President Donald Trump is delaying any decision to impose tariffs on car and auto-part imports for now. (AP Photo/Martin Meissner)
May 20, 2019 - 7:25 am
BERLIN (AP) — Germany's central bank says it expects the country's economy, Europe's biggest, to turn in a feeble performance in the current quarter after returning to growth in the winter. Solid consumer spending and a construction boom helped the economy grow by 0.4% in the January-March period...
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In this April 15, 2019, photo, people cross the street in Tokyo. The Japanese government says the economy grew at an annual pace of 2.1% in the first quarter, marking the second straight quarter of expansion. The Cabinet Office said Monday, May 20, 2019, seasonally adjusted real gross domestic product, the total value of a nation’s goods and services, grew 0.5% in the January-March period from the previous quarter. (AP Photo/Koji Sasahara)
May 19, 2019 - 10:23 pm
TOKYO (AP) — Japan's economy grew at an annual pace of 2.1% in the first quarter, marking the second straight quarter of expansion, according to government data released Monday. The Cabinet Office said seasonally adjusted real gross domestic product, the total value of a nation's goods and services...
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May 19, 2019 - 2:58 pm
WASHINGTON (AP) — The U.S. will roll out the first phase of its Middle East peace plan next month at a conference in Bahrain on the economic benefits that could flow from an end to the Israeli-Palestinian conflict, the White House said Sunday. The plan envisions large-scale investment and...
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