Economy

An employee works in a chemical fiber plant in Nantong in eastern China's Jiangsu Province, Friday, Jan. 17, 2020. 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. (Chinatopix via AP)
January 20, 2020 - 8:24 am
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...
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The logo of the World Economy Forum is displayed on a door at the Congress Centre in Davos, Switzerland, Sunday, Jan. 19, 2020. The 50th annual meeting of the World Economic Forum will take place in Davos from Jan. 20 until Jan. 24, 2020. (Photo/Markus Schreiber)
January 20, 2020 - 7:54 am
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,...
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Participants of the climate protest march gather at the train station in Landquart, Switzerland, Sunday, Jan. 19, 2020. Around 500 activists came together to hike the 40 kilometers to Davos to protest against climate change and global warming next Tuesday. (Walter Bieri/Keystone via AP)
January 20, 2020 - 7:53 am
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...
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Britain's Prime Minister Boris Johnson, right, shakes hands with President of Rwanda Paul Kagame at the UK Africa Investment Summit in London, Monday Jan. 20, 2020. Boris Johnson is hosting 54 African heads of state or government in London. The move comes as the U.K. prepares for post-Brexit dealings with the world. (Eddie Mulholland/Pool via AP)
January 20, 2020 - 5:34 am
LONDON (AP) — British Prime Minister Boris Johnson touted the U.K. as an ideal business partner for Africa on Monday as the U.K. 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-...
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President Donald Trump speaks at the American Farm Bureau Federation's convention in Austin, Texas, Sunday, Jan. 19, 2020. (AP Photo/Susan Walsh)
January 19, 2020 - 10:25 pm
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...
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Democratic Presidential candidate Michael Bloomberg, right, speaks during a service at the Vernon American Methodist Episcopal Church in Tulsa, Okla., Sunday, Jan. 19, 2020, as the Rev. Robert Turner looks on at left. (AP Photo/Sue Ogrocki)
January 19, 2020 - 5:53 pm
TULSA, Okla. (AP) — Democratic presidential candidate Michael Bloomberg made a pitch to African American voters the day before the national holiday honoring Martin Luther King Jr., visiting the site of a race massacre nearly 100 years ago that left hundreds dead and the city’s thriving African...
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Riot police fire rubber bullets against the anti-government protesters, during ongoing protests against the political elites who have ruled the country for decades, in Beirut, Lebanon, Sunday, Jan. 19, 2020. Lebanese security forces used tear gas, water cannons and rubber bullets in clashes with hundreds of anti-government protesters outside the country's Parliament on Sunday, as violence continued to escalate in a week of rioting in the capital. (AP Photo/Hassan Ammar)
January 19, 2020 - 3:53 pm
BEIRUT (AP) — Security forces fired tear gas, water cannons and rubber bullets in clashes Sunday with hundreds of anti-government protesters outside Lebanon's Parliament, as violence continued to escalate in a week of rioting. At least 114 people were injured in the protests, according to the Red...
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A Turkish-made Bayraktar TB2 drone is seen shortly after its landing at an airport in Gecitkala, known as Lefkoniko in Greek, in Cyprus, Monday, Dec. 16, 2019. Turkey has dispatched the surveillance and reconnaissance drone to the breakaway north of ethnically divided island nation of Cyprus amid tensions over offshore oil and gas exploration. It's unclear what the drones will be specifically tasked to do.Turkey doesn't recognize Cyprus as a state and asserts that 44% of the island nation's exclusive economic zone are its own. (DHA via AP)
January 19, 2020 - 12:53 pm
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...
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This combination photo shows Swedish climate activist Greta Thunberg speaking at the COP25 summit in Madrid, Spain on Dec. 11, 2019, left, and President Donald Trump speaking at a campaign rally in Battle Creek, Mich. on Dec. 18, 2019. When climate activist Greta Thunberg, also 16, was named Time magazine's 2019 person of the year, President Donald Trump took to Twitter to call her choice “ridiculous." (AP Photo/Paul White, left, and Evan Vucci)
January 19, 2020 - 11:53 am
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...
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Anti Brexit campaigner Steve Bray demonstrates outside Parliament in London, Wednesday, Jan. 15, 2020. Britain is due to leave the European Union on Jan. 31. (AP Photo/Kirsty Wigglesworth)
January 18, 2020 - 4:12 pm
LONDON (AP) — The British government has announced plans for special events on the night of Jan. 31 when the country officially leaves the European Union but the country's treasury chief has admitted that some U.K. business sectors will suffer as a result. Sajid Javid told the Financial Times in an...
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