Economy News

January 28, 2020

Tailgate woes cause Ford F-150 recall in Canada, but not US

Ford is recalling its popular F-150 pickup truck in Canada to fix a problem with electric tailgate latches, but identical ...

January 28, 2020

In grinding manufacturing slump, 3M cuts another 1,500 jobs

A profound slump in manufacturing and a trade war that has slowed economic growth in China has led to a second round of ...

January 28, 2020

Pfizer posts 4Q loss, misses Street views, on lower revenue

Pfizer's ongoing restructuring is significantly reducing revenue, resulting in a $337 million loss in its fourth quarter and ...

January 28, 2020

US consumer confidence shows solid gain in January

U.S. consumer confidence showed a strong gain in January, bolstered by continued strength in the job market. The Conference ...

January 28, 2020

Orders for US durable goods advance 2.4% in December

Orders to U.S. factories for big-ticket manufactured goods rose in December as a big jump in demand for military aircraft ...

January 28, 2020

'Confused and angry': Brexit unsettles EU citizens in the UK

Anxious, angry, abandoned. Brexit elicits strong emotions, and as Britain’s departure from the European Union approaches, ...

January 27, 2020

Britain's EU Journey: When Brexit won the battle of Europe

Britain officially leaves the European Union on Friday after a debilitating political period that has bitterly divided the ...

January 27, 2020

US new-home sales slipped 0.4% in December

U.S. sales of newly built homes fell 0.4% in December, cooling slightly after low mortgage rates fueled gains for much of ...

January 27, 2020

India plans sale of debt-laden national carrier Air India

India said Monday it plans to sell its entire 100% stake in the national carrier Air India to shore up falling government ...

January 27, 2020

Watchdog: China is 2nd largest arms producer behind the US

China is the second-largest arms producer in the world behind the United States but ahead of Russia, a Swedish arms watchdog ...

January 26, 2020

Ringing in Brexit? Plans to celebrate UK exit divide country

With Brexit just days away, Britons are fighting over the chimes of Big Ben. And the White Cliffs of Dover are a battleground

January 26, 2020

Turkish leader slams 'propaganda' as quake deaths rise to 29

The death toll from a strong earthquake that rocked eastern Turkey climbed to 29 on Saturday night as rescue crews searched ...

January 26, 2020

Bolivia religious debate: The Bible vs Andean earth deity

Hoisting a large leather Bible above her head, Bolivia’s new interim president delivered an emphatic message hours after Evo ...

January 25, 2020

Report: Ford to pay $30M-plus for lawsuit over transmissions

Ford will pay at least $30 million in a proposed settlement over a class-action lawsuit related to failing transmissions in ...

January 24, 2020

Walmart tests higher hourly starting wages in 500 stores

Walmart says it's testing higher wages for new hourly positions at 500 of its U.S. stores as part of an overall strategy to ...

January 24, 2020

Belarus' leader blasts Russia for pushing merger of 2 states

The president of Belarus on Friday accused Moscow of pressuring his country to merge with Russia and vowed not to let it ...

January 24, 2020

Amid scandal, 'Africa's richest woman' sells European assets

The billionaire daughter of a former African leader is shedding some of her investments in Europe after she came under ...

January 24, 2020

Greece to change election law, abandon proportional system

Greece's parliament is set to approve a proposal by the country's center-right government to abolish an election system based ...

January 24, 2020

Russian Auschwitz survivor: Only coincidence that I lived

The 75 years since Yevgeny Kovalev was a teenage prisoner in Auschwitz have been marked by tormented memories and a wonder ...

January 24, 2020

Ex-pharmaceutical exec gets 5 1/2 years for pushing opioid

The founder of an Arizona pharmaceutical company was ordered to spend 5 1/2 years in prison Thursday for orchestrating a ...