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Economy News

November 21, 2019
Explosion at Italian fireworks factory kills 5
Italian rescue services say a blast at a fireworks factory in Sicily has killed five people and seriously injured two others.
November 21, 2019
China bats away rumors, says trade talks with US continue
A Chinese Commerce Ministry official says Beijing is working to resolve conflicts with Washington over trade, dismissing ...
November 21, 2019
Farmers in South Africa struggling due to drought
The United Nations estimates that more than 11 million people now face crisis due to the ongoing drought in South Africa.
November 21, 2019
AP: Catholic Church boards reviewing sex abuse fail victims
Facing thousands of cases of clergy sex abuse, U.S. Catholic leaders addressed their greatest crisis in the modern era with ...
November 21, 2019
Colombia protesters hope to channel wave of discontent
Colombians angry with conservative President Iván Duque are hoping to channel Latin America’s wave of discontent as they take ...
November 21, 2019
Japan Display worker suspected of taking $5.4M in fake deals
Japan Display Inc. is pursuing criminal charges against an employee it has accused of taking 578 million yen ($5.4 million) ...
November 21, 2019
E-commerce giant Alibaba raises $11 billion in share listing
The Chinese e-commerce giant Alibaba has raised at least $11 billion in a share offering in Hong Kong, netting the city’s ...
November 21, 2019
UAW president steps down as GM sues rival over union bribery
United Auto Workers President Gary Jones abruptly resigned Wednesday, capping a tumultuous day that saw union leaders move ...
November 21, 2019
Google reins in political advertising
Google is making it harder for political advertisers to target specific types of people. The company said that as of January, ...
November 20, 2019
Target bursts into the holiday season with a bang
Target is bursting into the critical holiday season with strong third-quarter earnings as the company pushes faster delivery ...
November 20, 2019
Train hits car left on tracks, driver uninjured
Police dashcam video shows the moment an Amtrak train smashed into a car parked over the train tracks in West Windsor, New ...
November 20, 2019
Fed minutes: Officials felt 3 cuts this year could be enough
Most Federal Reserve officials believed last month that the three rate cuts they have made this year would be enough unless ...
November 20, 2019
Main Gulf port in southern Iraq shut for a third day
Anti-government protesters blocked access to Iraq’s main Gulf port in Umm Qasr for a third day Wednesday, as protesters said ...
November 20, 2019
Lowe's 3Q profit buoyed by strong economy; lifts outlook
Lowe's third-quarter profit handily topped Wall Street’s view, thanks in part to the strong economy and sales to contractors.
November 20, 2019
Saudi king touts reforms, Aramco IPO in annual address
Saudi King Salman touted his country’s reforms in his annual address Wednesday and stressed the importance of his ...
November 20, 2019
In first since 2002, EU not forcing any states to cut debt
For the first time since 2002, the European Commission is not taking legal action against any of its members over high budget ...
November 20, 2019
Emirates opts for 30 Boeing 787 Dreamliners in revised deal
The Middle East’s biggest carrier, the Dubai-based Emirates, announced on Wednesday a firm order for 30 Boeing 787 ...
November 20, 2019
Malta arrests ‘person of interest’ in journalist slaying
Authorities in Malta on Wednesday arrested a prominent Maltese businessman who appears to be a “person of interest” in the ...
November 20, 2019
Norwegian Air taps Jacob Schram as new CEO
Low-cost carrier Norwegian Air Shuttle says it has tapped a new chief executive to succeed Bjoern Kjos, who turned the small ...
November 20, 2019
Australian bank Westpac faces massive fine for breaches
Major Australian bank Westpac is facing a potentially massive fine after being accused of 23 million breaches of the ...
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