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Economy News

January 19, 2020
Cyprus blasts 'pirate state' Turkey's new gas drilling bid
Cyprus on Sunday denounced Turkey as a “pirate state" that flouts international law as Turkey's bid to drill for natural gas ...
January 18, 2020
Rare coin of Britain's King Edward VIII fetches record $1.3M
One of the world's rarest coins, a gold piece bearing the image of Britain's King Edward VIII before his abdication, has sold ...
January 18, 2020
Lebanon police fire tear gas at protesters amid Beirut riots
Riot police fired tear gas and sprayed water cannon near parliament in Lebanon's capital Saturday to disperse thousands of ...
January 18, 2020
At least 2 killed, 20 wounded in bombing near Somali capital
At least two people were killed and more than 20 others wounded when a suicide car bomber targeted a construction site along ...
January 18, 2020
Minister: Germany needs China's Huawei to build 5G network
Germany's interior minister is suggesting that his country can't build a 5G mobile network without Chinese tech giant Huawei, ...
January 18, 2020
UK plans Brexit celebrations but warns businesses may suffer
The British government has announced plans for special events on the night of Jan. 31 when the country officially leaves the ...
January 17, 2020
Best Buy says it is reviewing allegations made against CEO
Best Buy said it is investigating CEO Corie Barry after receiving an anonymous letter making allegations against her.
January 17, 2020
BMW recalls about 357K vehicles for Takata air bag inflators
BMW is recalling nearly 357,000 older vehicles in the U.S. to replace dangerous Takata front air bag inflators. The inflators ...
January 17, 2020
Toyota shifting pickup production to Mexico, no US jobs lost
Toyota will stop making its Tacoma small pickup in San Antonio next year as it shifts production to Mexico, but the company ...
January 17, 2020
Comcast, State Street rise; Gap, J.B. Hunt fall
Stocks that moved heavily or traded substantially on Friday: Schlumberger Ltd., down 41 cents at $38.37. The world's largest ...
January 17, 2020
Fiat Chrysler in talks with Foxconn to develop electric cars
Fiat Chrysler is in talks with the Taiwanese company Foxconn to develop and manufacture battery-powered vehicles, the U.S.
January 17, 2020
Zimbabwe police raid opposition party offices, seek machetes
Zimbabwe police on Friday raided the offices of the country’s main opposition party, and a spokesman says the officers were ...
January 17, 2020
For some major US shippers, 2019 ended on a sour note
For major shipping companies dealing with trade wars and slowing global growth, conditions appear to have deteriorated for ...
January 17, 2020
Employers post fewer jobs in November
The number of available jobs fell sharply in November, dropping to 6.8 million, a decline of 7.6% from the October level.
January 17, 2020
US housing construction jumps 16.9% in December
Construction of new homes surged in December to the highest level in 13 years, capping a year in which falling mortgage rates ...
January 17, 2020
Ghosn lawyers rebut new Nissan claims against fugitive exec
The legal team of Nissan's former chairman Carlos Ghosn issued a statement Friday refuting the latest allegations by the ...
January 17, 2020
Zimbabwe gripped by drama of vice president's nasty divorce
Black magic, drug addiction, attempted murder and a wrestling match over luxury cars and overseas properties. Zimbabwe is ...
January 17, 2020
UK psychiatric group cites social media dangers to the young
Britain's Royal College of Psychiatrists is urging that mammoth tech companies like Facebook and Twitter turn over research ...
January 17, 2020
Sales of flowers, pork push Dutch farm exports to new record
Dutch agriculture exports rose 4.6% in 2019 from the previous year to a new record of 94.5 billion euros ($105.2 billion), ...
January 17, 2020
Starbucks, home of the $4 latte, is moving into poor areas
Starbucks has a point to prove: There's more to the company than selling $4 lattes to rich people. The Seattle-based coffee ...
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