Business

Trump announces plans for Pentagon to create 'Space Force'

Trump

President Donald Trump announced Monday he is directing the Pentagon to create a new “Space...

World

EU lawmakers miffed over new Facebook snub

Immigration Businesses

BRUSSELS (AP) — European Union lawmakers are unhappy that Facebook is refusing to comply with their request to send two senior officials to testify at a hearing into the Cambridge Analytica data scandal. The EU parliament’s Civil Liberties Committee wants to question Facebook’s chief privacy...


Business

The Latest: Iran says OPEC won't take direction from Trump

OPEC Meeting

VIENNA (AP) — The Latest on the OPEC meeting on oil production (all times local): 12:20 p.m. Iran’s oil minister is insisting that OPEC’s place is not to take instructions from U.S. President Donald Trump but is leaving open Tehran’s position on an increase in production. The cartel’s largest...


Business

Global stocks mixed as trade disputes worry investors

China Financial Markets

SEOUL, South Korea (AP) — Global stocks were mixed Friday as investors remained wary over trade disputes between China and the U.S. as well as between the U.S. and Europe that could hurt corporate profits and jobs. Some markets rebounded slightly but were unable to recoup their heavy losses for the...


Business

AP Top Business News at 6:44 a.m. EDT

Global stocks mixed as trade disputes worry investors OPEC discussing oil production increase to ease energy costs The Latest: Iran says OPEC won’t take direction from Trump EU retaliatory tariffs on raft of US goods go into force Airbus threatens to leave Britain in case of no-deal Brexit High...


World

OPEC discussing oil production increase to ease energy costs

OPEC Meeting

VIENNA (AP) — The countries of the OPEC oil cartel will discuss increasing their production by about 1 million barrels a day at a meeting Friday that could influence the cost of energy globally in coming months. The group’s largest producer, Saudi Arabia, is seen to be open to higher production but...


Business

Greek financial markets rally on deal paving to bailout exit

ATHENS, Greece (AP) — Greece’s financial markets rallied Friday on news that the country’s creditors have agreed to debt relief measures that pave the way for an end to the nation’s eight-year bailout program in two months. Bond markets rose, leading to a drop in the government’s borrowing rates....


Business

Airbus threatens to leave Britain in case of no-deal Brexit

Britain Airbus

LONDON (AP) — Aviation giant Airbus is threatening to leave Britain if the country leaves the European Union without an agreement on future trading relations — a warning that caused alarm Friday among business leaders concerned about the pace of discussions ahead of next year’s exit. The company,...


Business

EU retaliatory tariffs on raft of US goods go into force

Tariffs Whiskey

BRUSSELS (AP) — The European Union is enforcing tariffs on $3.4 billion in U.S. products as of Friday in retaliation to duties the Trump administration has put on European steel and aluminum. The goods targeted include typical American products like bourbon, peanut butter, and orange juice, in a...


Business

Malaysia names new central bank governor

Malaysia Central Bank

KUALA LUMPUR, Malaysia (AP) — Malaysia has named Nor Shamsiah Mohamad Yunus, an experienced former central bank official, as the new central bank governor. Finance Minister Lim Guan Eng said Friday that the king has consented to Nor Shamsiah’s appointment to head Bank Negara Malaysia from July 1...


Business

The Latest: German business warns UK risks disorderly Brexit

LONDON (AP) — The Latest on businesses warning about Brexit’s fallout (all times local): 10:00 a.m. Germany’s main business lobby group is warning that Britain is on course for a “disorderly Brexit” and urging its government to stop playing for time. Joachim Lang, the director general of the...


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