Economy News

September 26, 2018

World Bank OKs 1st direct financing to Somalia in 27 years

The World Bank is providing direct financing to Somalia's government for the first time in 27 years, calling it a "milestone" ...

September 26, 2018

San Francisco's new transit terminal closes over beam crack

The so-called "Grand Central of the West" is closed out of safety concerns after workers discovered a crack in a support beam ...

September 26, 2018

Clouds on horizon as trade wars, debt weigh on Asia's growth

Trade conflicts, rising debt and the potential impact from rising interest rates in the U.S. will likely dampen growth in the ...

September 26, 2018

CBS taps media industry veteran Parsons as interim chairman

CBS says it has named media industry veteran Richard Parsons as interim chairman of the board as the company moves to reshape ...

September 26, 2018

Argentina's central bank chief resigns amid IMF negotiations

Argentina's central bank chief resigned Tuesday amid negotiations with the International Monetary Fund. The surprise ...

September 26, 2018

NTSB faults Air Canada pilots for last year's near disaster

Federal safety officials blame two Air Canada pilots for coming within 10 to 20 feet of crashing their jetliner into a plane ...

September 26, 2018

UK Labour opposition party vows to reject May's Brexit deal

Britain's main opposition Labour Party announced Tuesday it will reject Conservative Prime Minister Theresa May's proposed ...

September 25, 2018

Just Dunkin': Dunkin' Donuts to change its name

Dunkin' is dropping the donuts — from its name, anyway. Doughnuts are still on the menu, but Dunkin' Donuts is renaming ...

September 25, 2018

Owner of Texas 3D gun company resigns after arrest

An activist who garnered national attention for running a Texas company that sells blueprints for making untraceable ...

September 25, 2018

US home prices rise at slowest pace in nearly a year

U.S. home prices rose in July at the slowest pace in 10 months as climbing mortgage rates become a more significant factor ...

September 25, 2018

US consumer confidence rises to 18-year high in September

U.S. consumer confidence shot up to an 18-year high in September — good news for retailers as the holiday shopping season ...

September 25, 2018

German court upholds Kuwait Airways' refusal of Israeli man

A German appeals court upheld a ruling Tuesday that Kuwait's national airline did not have to transport an Israeli citizen ...

September 25, 2018

Inspire Brands buys Sonic burger chain for $2.3 billion

Arby's owner Inspire Brands is buying the Sonic drive-in hamburger chain. Inspire is paying $43.50 per share cash, or $2.

September 25, 2018

Novartis plans to cut 2,100 jobs in Switzerland, Britain

Novartis said Tuesday it's cutting some 2,100 jobs in Switzerland and Britain over several years as the Swiss pharmaceuticals ...

September 25, 2018

SiriusXM presses play on deal with Pandora Media

Subscription radio company SiriusXM says it's buying music streaming service Pandora Media Inc. in a deal valued at about $3.

September 24, 2018

ECB chief: Wage growth pushing up inflation in euro area

European Central Bank head Mario Draghi says he expects underlying inflation to rise in the 19 countries that use the euro ...

September 24, 2018

Mandela: A life of soaring symbolism, now harnessed by UN

Nelson Mandela's South African journey from anti-apartheid leader to prisoner to president to global statesman — the "Long ...

September 24, 2018

Singapore fines Uber, Grab for 'anti-competitive' merger

Singapore's competition watchdog has fined ride-hailing giant Uber and its regional rival Grab 13 million Singapore dollars ...

September 24, 2018

Asian shares fall on reports China-US trade talks put off

Shares have fallen in Asia after China reportedly rebuffed a plan for talks with the U.S. on resolving their dispute over ...