Economy

FILE - In this April 29, 2019, file photo, Palestinian President Mahmoud Abbas, center, chairs a session of the weekly cabinet meeting in the West Bank city of Ramallah. The Trump administration will unveil the first phase of its long-awaited blueprint for Mideast peace next month at a conference in the region designed to highlight economic benefits that could be reaped if the Israeli-Palestinian conflict is resolved, the White House said Sunday, May 19. Jared Kushner and Jason Greenblatt, envoy of international negotiations, have been leading efforts to write the plan, but so far, there's been no participation from the Palestinians. (AP Photo/Majdi Mohammed, Pool, File)
May 20, 2019 - 8:42 am
JERUSALEM (AP) — The Palestinian prime minister said Monday that any American peace plan that ignores the Palestinian people's political aspirations for an independent state is doomed to fail. Mohammad Shtayyeh's comments immediately cast a cloud over the American-led Mideast peace conference...
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Cars for export and import are stored in front of containers on Thursday, May 16, 2019 at the harbor in Bremerhaven, Germany, with 2 million vehicles per annum one of the largest automobile hubs in the world. US President Donald Trump is delaying any decision to impose tariffs on car and auto-part imports for now. (AP Photo/Martin Meissner)
May 20, 2019 - 8:38 am
BRUSSELS (AP) — The European Union is rejecting claims that Europe's car exports pose a threat to the United States after U.S. Commerce Secretary Wilbur Ross ruled that imported vehicles and parts imperil national security. European Commission spokesman Margaritis Schinas said Monday that "the EU...
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Cars for export and import are stored in front of containers on Thursday, May 16, 2019 at the harbor in Bremerhaven, Germany, with 2 million vehicles per annum one of the largest automobile hubs in the world. US President Donald Trump is delaying any decision to impose tariffs on car and auto-part imports for now. (AP Photo/Martin Meissner)
May 20, 2019 - 8:25 am
BERLIN (AP) — Germany's central bank says it expects the country's economy, Europe's biggest, to turn in a feeble performance in the current quarter after returning to growth in the winter. Solid consumer spending and a construction boom helped the economy grow by 0.4% in the January-March period...
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People stand by an electronic stock board of a securities firm in Tokyo, Monday, May 20, 2019. Shares are mixed in Asia, with India and Australia leading gains following elections that look set to keep incumbents in office. (AP Photo/Koji Sasahara)
May 20, 2019 - 6:57 am
BANGKOK (AP) — Shares declined in Europe on Monday after a mixed day in Asia in the absence of positive updates on the trade standoff between the U.S. and China. Britain's FTSE 100 lost 0.7% at 7,297.67 while Germany's DAX declined 1.2% to 12,091.38. The CAC 40 in France shed 1.2% to 5,374.14. Wall...
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In this April 15, 2019, photo, people cross the street in Tokyo. The Japanese government says the economy grew at an annual pace of 2.1% in the first quarter, marking the second straight quarter of expansion. The Cabinet Office said Monday, May 20, 2019, seasonally adjusted real gross domestic product, the total value of a nation’s goods and services, grew 0.5% in the January-March period from the previous quarter. (AP Photo/Koji Sasahara)
May 19, 2019 - 11:23 pm
TOKYO (AP) — Japan's economy grew at an annual pace of 2.1% in the first quarter, marking the second straight quarter of expansion, according to government data released Monday. The Cabinet Office said seasonally adjusted real gross domestic product, the total value of a nation's goods and services...
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May 19, 2019 - 3:58 pm
WASHINGTON (AP) — The U.S. will roll out the first phase of its Middle East peace plan next month at a conference in Bahrain on the economic benefits that could flow from an end to the Israeli-Palestinian conflict, the White House said Sunday. The plan envisions large-scale investment and...
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In this May 7, 2019 photo, a machine that produces plastic pellets from plastic film is seen in operation at a GDB International warehouse in New Brunswick, N.J. GDB International exported bales of scrap plastic film such as pallet wrap and grocery bags for years. But when China started restricting imports, company president Sunil Bagaria installed new machinery to process it into pellets he sells profitably to manufacturers of garbage bags and plastic pipe. (AP Photo/Seth Wenig)
May 18, 2019 - 12:17 pm
ALBANY, N.Y. (AP) — The halt on China's imports of wastepaper and plastic that has disrupted U.S. recycling programs has also spurred investment in American plants that process recyclables. U.S. paper mills are expanding capacity to take advantage of a glut of cheap scrap. Some facilities that...
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In this handout photo provided by the Unidad Ciudadana political party, former Argentine President Cristina Fernandez smiles as she officially present her book "Sincerely," during the Buenos Aires book fair in Argentina, Thursday, May 9, 2019. The presentation of her memoirs has become a best-seller since its release. (Unidad Ciudadana via AP )
May 18, 2019 - 10:36 am
BUENOS AIRES, Argentina (AP) — Argentina's former President Cristina Fernández announced on Saturday her candidacy for vice president in October's general elections, a surprising move that now puts a more moderate challenger at the helm of the presidential ticket. In a video posted on Twitter on...
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Customers sit inside a Luckin Coffee shop at a shopping center in Beijing, Saturday, May 18, 2019. Shares of Luckin Coffee, a fast-growing rival to Starbucks in China, rose 20% in their U.S. stock market debut Friday. (AP Photo/Mark Schiefelbein)
May 18, 2019 - 4:43 am
NEW YORK (AP) — Shares of Luckin Coffee, a fast-growing rival to Starbucks in China, rose 20% in their U.S. stock market debut Friday. The Chinese company, which opened its first store in Beijing less than two years ago, has 2,370 locations and plans to surpass the 3,700 stores Starbucks has in...
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President Donald Trump speaks at the National Association of REALTORS Legislative Meetings and Trade Expo, Friday, May 17, 2019, in Washington. (AP Photo/Alex Brandon)
May 17, 2019 - 11:14 pm
WASHINGTON (AP) — The Latest on President Donald Trump and U.S. trade tariffs (all times local): 4:50 p.m. Mexico's National Chamber of the Iron and Steel Industry is congratulating the country's officials on the agreement reached with the United States on ending steel and aluminum tariffs. The...
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