Government business and finance

February 06, 2020 - 1:55 am
BEIJING (AP) — China cut tariffs on $75 billion of U.S. imports including auto parts on Thursday in response to American reductions as part of their truce in a trade war. The cuts come as China struggles with the mounting cost of measures imposed to contain a virus outbreak that has closed...
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FILE - In this Friday, May 10, 2019 file photo, a container ship is unloaded at the Virginia International Gateway terminal in Norfolk, Va. U.S. factories expanded unexpectedly in January 2020, snapping a five-month losing streak. The Institute for Supply Management, an association of purchasing managers, said Monday, Feb. 3, 2020, that its manufacturing index rose to 50.9 in January, from 47.8 in December. Anything above 50 signals expansion. (AP Photo/Steve Helber, File)
February 05, 2020 - 8:35 am
WASHINGTON (AP) — The U.S. trade deficit fell for the first time in six years in 2019 as President Donald Trump hammered China with import taxes. The Commerce Department said Wednesday that the gap between what the United States sells and what it buys abroad fell 1.7% last year to $616.8 billion. U...
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FILE - In this Oct. 20, 2019, file photo, the company logo stands over a long row of unsold vehicles at a Ford dealership in Littleton, Colo. Ford Motor Co.'s profit in 2019 plunged by more than $3.6 billion, weighed down by slowing U.S. sales, the cost of a botched SUV launch and some big pension expenses. (AP Photo/David Zalubowski, File)
February 04, 2020 - 7:37 pm
DETROIT (AP) — Ford Motor Co.'s profit last year plunged by more than $3.6 billion, weighed down by slowing U.S. sales, the cost of a botched SUV launch and some big pension expenses. The Dearborn, Michigan, automaker said Tuesday it made $47 million in 2019, down from a $3.68 billion profit a year...
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FILE - In this Oct. 31, 2019, file photo, smoke from the Maria Fire billows above Santa Paula, Calif. A federal judge has approved a settlement that moves Pacific Gas & Electric closer to getting out of bankruptcy. The company cleared its latest hurdle Tuesday, Feb. 4, 2020, when U.S. Bankruptcy Judge Dennis Montali signed off on a deal to refinance billions of dollars in debt to pay off PG&E bondholders who threatened to cause problems. (AP Photo/Noah Berger, File)
February 04, 2020 - 4:39 pm
SAN FRANCISCO (AP) — A federal judge on Tuesday approved a settlement that moves Pacific Gas & Electric closer to getting out of bankruptcy, but the troubled utility still must navigate nettlesome obstacles being put up by the state of California. U.S. Bankruptcy Judge Dennis Montali signed off...
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A volunteer stands in front of a Communist Party flag as he takes the temperature of a scooter driver at a roadside checkpoint in Hangzhou in eastern China's Zhejiang Province, Monday, Feb. 3, 2020. China sent medical workers and equipment to a newly built hospital, infused cash into financial markets and further restricted people's movement in sweeping new steps Monday to contain a rapidly spreading virus and its escalating impact. (Chinatopix via AP)
February 04, 2020 - 4:34 pm
WASHINGTON (AP) — Hyundai Motors is suspending production in South Korea, a sign that the economic fallout from China's viral outbreak is spreading. For other companies bracing for losses from coronavirus, the damage has so far been delayed, thanks to a stroke of timing: The outbreak hit just when...
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February 04, 2020 - 11:24 am
WASHINGTON (AP) — The Justice Department official leading the investigation of big tech companies’ market dominance is stepping aside from the department’s Google probe because of his previous lobbying work for Google. Assistant Attorney General Makan Delrahim is recusing himself from the...
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Britain's Prime Minister Boris Johnson launches the upcoming UK-hosted COP26 UN Climate Summit that will take place in autumn 2020 in Glasgow, Scotland, during an announcement in London Tuesday Feb. 4, 2020. Johnson is expected to announce a target to stop selling new petrol and diesel vehicles by 2035, including hybrid vehicles for the first time. (Jeremy Selwyn/Pool via AP)
February 04, 2020 - 9:13 am
LONDON (AP) — Britain announced Tuesday that it plans to ban the sale of new gas and diesel cars by 2035 — five years earlier than its previous target — in a bid to speed up efforts to tackle climate change. The announcement was timed to coincide with the launch of Britain's plans for the United...
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In this photo taken Friday, Jan. 24, 2020, U.S. President Donald Trump's envoy for the Kosovo-Serbia dialogue, Ambassador Richard Grenell listens Serbian President Aleksandar Vucic during a press conference after their meeting, in Belgrade, Serbia. Grenell urged the new Kosovo government to abolish punitive tariffs on Serbian goods that have blocked negotiations between the two Balkan rivals. (AP Photo/Darko Vojinovic)
February 04, 2020 - 9:11 am
BELGRADE, Serbia (AP) — U.S. President Donald Trump's special envoy for Kosovo and Serbia on Tuesday urged the new Kosovo government to follow up on an agreement to abolish punitive tariffs on Serbian goods that have blocked negotiations between the two Balkan rivals. Richard Grenell, who is the U...
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U.S. Secretary of State Mike Pompeo, right, buttons his jacket after holding a joint news conference with Kazakh Foreign Minister Mukhtar Tleuberdi at the Ministry of Foreign Affairs in Nur-Sultan, Kazakhstan, Sunday, Feb. 2, 2020. (Kevin Lamarque/Pool Photo via AP)
February 04, 2020 - 12:29 am
TASHKENT, Uzbekistan (AP) — The countries Secretary of State Mike Pompeo visited on a five nation-tour over the last week varied from longtime ally Britain to ex-Soviet republics in Central Asia. But the message he conveyed to his hosts stayed the same: Beware of China. In his trip to Europe and...
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FILE - In this Jan. 26, 2020, file photo, people cheer as democratic presidential candidate Sen. Bernie Sanders, I-Vt., speaks at a campaign rally in Sioux City, Iowa. Iowa's Democrats will arrive at their 2020 kickoff caucuses on Monday, Feb. 3 with a emotions and one urgent mission: voting President Donald Trump out of office in November. (AP Photo/John Locher, File)
February 03, 2020 - 7:20 pm
WASHINGTON (AP) — Iowa Democrats came to the state’s caucuses Monday with key issues dominating their thoughts: health care, climate change and a fierce motivation to unseat President Donald Trump. More than the economy, immigration or foreign policy, Democrats in the nation’s opening round of...
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