Economic growth

February 07, 2019 - 6:35 am
LONDON (AP) — The British economy is set to grow this year by its weakest rate since the global financial crisis as uncertainties over Britain's exit from the European Union ratchet higher, the Bank of England warned Thursday. The central bank said the U.K. economy is slowing despite a modest boost...
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Green traffic lights shine above the city of Frankfurt, Germany, Tuesday, Feb. 5, 2019. (AP Photo/Michael Probst)
February 07, 2019 - 6:06 am
FRANKFURT, Germany (AP) — European Union officials have slashed their growth forecast for the 19 countries that use the euro, saying even the lower estimate was vulnerable to "large uncertainty" from slowing growth in China and weakening global trade. The EU's executive Commission cut the forecast...
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European Competition Commissioner Margrethe Vestager, left, talks to Trade Commissioner Cecilia Malmstrom prior the weekly College of Commissioners meeting at EU headquarters in Brussels, Wednesday, Feb. 6, 2019. European Union authorities on Wednesday rejected a massive rail merger deal between France's Alstom and Germany's Siemens in what the two nations had hoped would have created a global competitor to stand up to China. (AP Photo/Francisco Seco)
February 06, 2019 - 10:30 am
BRUSSELS (AP) — European Union authorities on Wednesday blocked a deal to create a rail giant that could compete with China, angering France and Germany so much that they vowed to change the way the EU oversees such mergers. The decision raised thorny questions of how to stand up to the growing...
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February 06, 2019 - 2:02 am
BERLIN (AP) — German factory orders were down 1.6 percent in December compared with the previous month, official data showed Wednesday — a worse-than-expected performance that adds to worries about slowing growth in Europe's biggest economy. Economists had expected a 0.3 percent increase. However,...
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FILE- In this Jan. 30, 2019, file photo a buyer wanders between display walls of coats at the Outdoor Retailer & Snow Show in the Colorado Convention Center in Denver. The National Retail Federation, the nation's largest retail trade group, is forecasting that retail sales could grow between 3.8 percent and 4.4 percent to more than $3.8 trillion this year as shoppers remain in a mood to spend in a strong economy. (AP Photo/David Zalubowski, File)
February 05, 2019 - 12:43 pm
NEW YORK (AP) — The National Retail Federation, the nation's largest retail trade group, forecasts that retail sales should grow between 3.8 percent and 4.4 percent to more than $3.8 trillion this year as shoppers remain in the mood to spend in a strong economy and job market. The forecast,...
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File--- Picture taken Dec.6, 2018 shows two Bundeswehr main battle tanks (from left), type Leopard 2A6 and a Puma infantry fighting vehicle, drive through the terrain during an exercise in Munster, Germany. (Philipp Schulze/dpa via AP)
February 05, 2019 - 9:35 am
BERLIN (AP) — Germany's tightening public finances are raising questions over whether the country will miss its military spending target at a time when the U.S. is increasing pressure on its European allies to increase defense budgets. A Finance Ministry document circulated to other ministries for...
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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, Jan. 31, 2019. Shares rose in Asia on Thursday after a survey of Chinese manufacturers showed factory activity improved slightly in December. (AP Photo/Eugene Hoshiko)
January 31, 2019 - 6:23 am
BANGKOK (AP) — Stock markets mostly rose Thursday after the U.S. Federal Reserve signaled it would be cautious in raising interest rates and as investors monitor U.S-China trade talks. Economic data was mixed, with one survey pointing to improved Chinese manufacturing but another showing a slowdown...
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A man walks by a Lunar New Year decoration on display outside a commercial office building in Beijing, Thursday, Jan. 31, 2019. China's manufacturing improved in January, a survey showed Thursday, but forecasters said activity remains sluggish as Beijing tries to resolve a tariff battle with Washington. (AP Photo/Andy Wong)
January 31, 2019 - 1:20 am
BEIJING (AP) — China's manufacturing improved in January but activity was sluggish, a survey showed Thursday, as U.S. and Chinese negotiators wrangled in Washington over a tariff war. A measure of factory activity issued by the government statistics agency and an industry group rose 0.1 points on a...
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News about the Brexit are seen on a television screen with the curve of the German stock index DAX in background at the stock market in Frankfurt, Germany, Wednesday, Jan. 30, 2019. (AP Photo/Michael Probst)
January 30, 2019 - 6:32 am
FRANKFURT, Germany (AP) — The clouds darkened over Europe's slowing economy on Wednesday as the German government slashed its growth forecast and said concerns about a chaotic Brexit and trade tensions were holding back the continent's powerhouse. Germany's Economy Ministry said Wednesday it was...
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FILE- In this Nov. 23, 2018, file photo shoppers walk through Dolphin Mall on Black Friday in Miami. On Tuesday, Jan. 29, 2019, the Conference Board releases its January index on U.S. consumer confidence. (AP Photo/Lynne Sladky, File)
January 29, 2019 - 10:44 am
WASHINGTON (AP) — U.S. consumer confidence tumbled this month to its lowest reading in a year and a half, tested by the partial government shutdown and roiling financial markets. Still, consumer spirits remain robust by historic standards. The Conference Board, a business research group, said...
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