Business

US, China putting trade war on hold after progress in talks

China US Trade

The world's two biggest economies are pulling back from the brink of a trade war after making...

Business

Malaysia's ex-leader questioned again in corruption scandal

Malaysia Corruption

PUTRAJAYA, Malaysia (AP) — Former Malaysian Prime Minister Najib Razak was quizzed for more than six hours Thursday by anti-graft investigators looking into alleged theft and money laundering at a state investment fund he founded that accumulated billions of dollars in debt. Najib smiled and waved...


Business

Merkel in China stresses dialogue on human rights, tech

China Germany-2

BEIJING (AP) — German Chancellor Angela Merkel on Thursday stressed the importance of dialogue with China during a visit to Beijing that comes amid shared concerns over trade with the United States and Washington’s rejection of the Iran nuclear deal. Merkel held morning discussions with Chinese...


Business

UK retail sales bounce back strongly from snow impact

LONDON (AP) — Official figures show that retail sales bounced back strongly in April after cold weather hit the previous month. The Office for National Statistics said Thursday that retail sales jumped a monthly 1.6 percent in April, more than making up the 1.1 percent decline in March. The...


Business

Las Vegas strike would have far-reaching effect

Las Vegas Casinos Contracts

LAS VEGAS (AP) — What happens in Las Vegas could have a ripple effect across the country if 50,000 casino-hotel workers employed at more than 30 of the city’s world-famous resorts go on strike at any time starting next week. If members of the union that includes hotel and food workers don’t show up...


Business

Trump administration explores tariffs on autos, auto parts

Trump

WASHINGTON (AP) — The Trump administration launched an investigation into whether tariffs are needed on the imports of automobiles into the United States, moving swiftly as talks over the North American Free Trade Agreement have stalled. President Donald Trump predicted earlier that U.S. automakers...


Government

The Latest: Trump orders probe of tariffs for cars, trucks

Trump

WASHINGTON (AP) — The Latest on President Donald Trump and the auto industry (all times local): 9 p.m. President Donald Trump is directing the Commerce Department to begin an investigation into whether tariffs are needed on the import of automobiles into the United States. The White House says...


National

Disputed Keystone Pipeline project focus of court hearing

Keystone Pipeline Lawsuit

BILLINGS, Mont. (AP) — Attorneys for the Trump administration were due in a Montana courtroom Thursday to defend the disputed Keystone XL oil sands pipeline against environmental groups that want to derail the project. The 1,179-mile (1,800-kilometer) line proposed by TransCanada Corporation was...


Business

AP Top Business News at 4:59 a.m. EDT

Disputed Keystone Pipeline project focus of court hearing Trump administration explores tariffs on autos, auto parts Las Vegas strike would have far-reaching effect Deutsche Bank to slash thousands of jobs to control costs UK retail sales bounce back strongly from snow impact The Latest: Trump...


Business

Deutsche Bank to slash thousands of jobs to control costs

EU Deutsche Bank

FRANKFURT, Germany (AP) — Germany’s struggling Deutsche Bank is slashing thousands of jobs as it reshapes its stocks trading operation and refocuses its global investment banking business on its European base. The bank said Thursday it would cut its workforce from 97,000 to “well below” 90,000 and...


Business

Global shares mostly higher as US mulls fresh auto tariffs

Japan Financial Markets

BANGKOK (AP) — World shares are mostly higher despite losses in Tokyo after the Trump administration said it was investigating imposing new tariffs on imports of autos and auto parts. KEEPING SCORE: Germany’s DAX added 0.1 percent to 12,988.33 and the CAC 40 in France rose 0.4 percent to 5,588.96....


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