Economic policy

Trader Michael Capolino works on the floor of the New York Stock Exchange, Friday, Aug. 10, 2018. Stocks are opening moderately lower on Wall Street following steeper losses in Europe, where investors worried about a sharp drop in Turkey's currency. (AP Photo/Richard Drew)
August 10, 2018 - 3:52 pm
NEW YORK (AP) — Stocks in the U.S. and Europe skidded Friday as investors worried about the financial stability of Turkey and how it might affect the global banking system. Turkish President Recep Tayyip Erdogan has accumulated more and more control over the country's central bank as well as its...
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Turkey's President Recep Tayyip Erdogan announces plan of action for the first 100 days of his new presidency, in Ankara, Turkey, Friday, Aug. 3, 2018. (AP Photo/Burhan Ozbilici)
August 10, 2018 - 2:01 pm
ANKARA, Turkey (AP) — The Latest on Turkey's financial turmoil (all times local): 9:20 p.m. A Turkish official says U.S. President Donald Trump's decision to double tariffs on Turkish steel and aluminum imports, which he announced on Twitter, lacked "state seriousness." Foreign Ministry spokesman...
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FILE- This March 5, 2018, file photo show the East Front of the U.S. Capitol at sunset in Washington. On Friday, Aug. 10, the Treasury Department releases federal budget data for July. (AP Photo/Alex Brandon, File)
August 10, 2018 - 1:52 pm
WASHINGTON (AP) — The federal government racked up a $76.9 billion deficit in July, with increased government spending and tax cuts keeping the country on track to record its biggest annual deficit in six years. The Treasury Department reported Friday that in the first 10 months of this budget year...
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Roh Suk-hwan, deputy commissioner of the Korea Customs Service, announces about North Korea coal at the government complex in Daejeon, South Korea, Friday, Aug. 10, 2018. South Korea says a total of 35,000 tons of North Korean coal and pig iron worth $5.8 million illegally entered its ports last year, in possible violations of UN sanctions. (Lee Jin-wook/Yonhap via AP)
August 10, 2018 - 2:52 am
SEOUL, South Korea (AP) — South Korea said a total of 35,000 tons of North Korean coal and pig iron worth $5.8 million illegally entered its ports last year, in possible violations of UN sanctions. Reporting on preliminary results from a 10-month investigation, the Korea Customs Service said Friday...
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A man walks past a bank's electronic board showing the Hong Kong share index in Hong Kong Wednesday, Aug. 8, 2018. Shares are mostly higher in Asia after the U.S. followed through with plans to put higher tariffs on $16 billion in Chinese exports. (AP Photo/Vincent Yu)
August 08, 2018 - 6:32 am
BANGKOK (AP) — World stock markets mostly rose Wednesday as investors focused on corporate news and looked past the U.S. decision to follow through with plans to put higher tariffs on $16 billion in Chinese exports. KEEPING SCORE: In Germany, the DAX was up 0.3 percent to 12,688, while France's CAC...
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In this July 25, 2018, photo, Stephen Bell, president and CEO of the Arkadelphia Area Chamber of Commerce, talks about a new railroad spur that is being built to support the needs of what he hopes will be a new paper mill, one of several Chinese-backed deals Arkansas has landed in recent years, in Arkadelphia, Ark. State and local officials in Arkansas are scrambling to preserve development deals with Chinese companies amid President Donald Trump's escalating tariff battle. "It's like a dark cloud hanging over the future of the project," Bell said. "Right now, the clouds are off on the horizon. But I think no one knows where the trade situation is going right now." (AP Photo/Karen E. Segrave)
August 08, 2018 - 2:05 am
ARKADELPHIA, Ark. (AP) — A Chinese company's announcement two years ago that it would spend more than $1 billion and hire hundreds of workers for a paper mill on the outskirts of this rural college town was seen as a much-needed shot in the arm for the region's economy. A web video promoting...
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August 08, 2018 - 12:29 am
BEIJING (AP) — China's export growth accelerated in July, showing little impact from a U.S. tariff hike in a spiraling dispute over technology. Sales to the United States rose 13.3 percent over a year earlier. Global exports rose 12.2 percent to $215.5 billion, up from June's 11.3 percent growth,...
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A man walks past a bank's electronic board showing the Hong Kong share index in Hong Kong Wednesday, Aug. 8, 2018. Shares are mostly higher in Asia after the U.S. followed through with plans to put higher tariffs on $16 billion in Chinese exports. (AP Photo/Vincent Yu)
August 08, 2018 - 12:10 am
BANGKOK (AP) — Shares were mostly higher in Asia on Wednesday after the U.S. followed through with plans to put higher tariffs on $16 billion in Chinese exports. KEEPING SCORE: Japan's Nikkei 225 index gained 0.4 percent to 22,749.27 and the Shanghai Composite index fell 0.3 percent to 2,770.49...
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FILE- In this March 27, 2018, photo, people record the reveal of the new iPad during an Apple event at Lane Technical College Prep High School in Chicago. The Trump administration’s hit list of Chinese products facing import taxes includes key components used in gadgets that can be wirelessly operated through a smartphone or another device. The tariffs also will nail networking equipment that makes the internet work. Trump has also threatened to impose tariffs on a total of $500 billion worth of Chinese items. That could affect major technology products such as Apple’s iPhones, which are assembled in China. (AP Photo/Charles Rex Arbogast, File)
August 07, 2018 - 4:33 pm
WASHINGTON (AP) — The Trump administration announced Tuesday that it will go ahead with imposing 25 percent tariffs on an additional $16 billion in Chinese imports. Customs officials will begin collecting the border tax Aug. 23, the Office of the U.S. Trade Representative said. The list is heavy on...
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European Union foreign policy chief Federica Mogherini, left, and New Zealand Foreign Minister Winston Peters address a press conference after their meeting at Parliament in Wellington, New Zealand, Tuesday, Aug. 7, 2018. Mogherini said the EU is encouraging enterprises to increase their business with Iran, as that country has been compliant with their nuclear-related commitments. (Mark Mitchell/New Zealand Herald via AP)
August 07, 2018 - 8:04 am
WELLINGTON, New Zealand (AP) — The European Union's foreign policy chief encouraged companies to do more business with Iran despite new U.S. sanctions, saying Tehran had upheld its commitments under the deal to limit its nuclear program. Federica Mogherini told reporters Tuesday during her trip to...
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