Economy

FILE - In this Tuesday, May 27, 2014 file photo, a drug dealer poses with cannabis products as he waits for customers in downtown Lisbon. The European Union agency that monitors drug use says it has detected a trend of escalating violence between gangs operating on the continent. The agency says in its annual report on the drugs market that European consumers increasingly have access to "a wide variety of high-purity and high-potency products." (AP Photo/Francisco Seco, File)
November 26, 2019 - 4:33 am
LISBON, Portugal (AP) — The European Union agency that monitors drug use says it has detected a trend of escalating violence between gangs operating on the continent. The development of new synthetic drugs and changes to traditional supply routes feeding drugs into Europe are bringing gangs into...
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FILE - In this Oct. 11, 2019, file photo, Chinese Vice Premier Liu He, center right, shakes hands with U.S. Trade Representative Robert Lighthizer, center left, after a minister-level trade meeting at the Office of the United States Trade Representative in Washington. China’s Commerce Ministry says the lead envoys in trade talks between China and the U.S. spoke on the phone and agreed to continue to work toward a preliminary agreement for resolving their tariff war. (AP Photo/Jose Luis Magana, File)
November 25, 2019 - 9:17 pm
TOKYO (AP) — Asian shares were mixed after an upbeat start Tuesday on optimism over U.S.-China trade talks, prompted by Beijing’s new guidelines for the protection of patents and copyrights. Japan’s benchmark Nikkei 225 advanced 0.6% in morning trading to 23,431.74. Australia’s S&P/ASX 200...
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FILE - In this Oct. 11, 2019, file photo, Chinese Vice Premier Liu He, center right, shakes hands with U.S. Trade Representative Robert Lighthizer, center left, after a minister-level trade meeting at the Office of the United States Trade Representative in Washington. China’s Commerce Ministry says the lead envoys in trade talks between China and the U.S. spoke on the phone and agreed to continue to work toward a preliminary agreement for resolving their tariff war. (AP Photo/Jose Luis Magana, File)
November 25, 2019 - 9:04 pm
BEIJING (AP) — Top Chinese and U.S. trade negotiators spoke by phone and agreed to continue to work toward a preliminary agreement for resolving their tariff war, the Chinese Commerce Ministry said Tuesday. In a brief notice, the ministry said that Vice Premier Liu He and other senior officials...
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Speaker of the House Nancy Pelosi, D-Calif., arrives to talk to reporters as the House Intelligence Committee holds public impeachment hearings of President Donald Trump's efforts to tie U.S. aid for Ukraine to investigations of his political opponents. Pelosi says there is clear evidence that President Donald Trump has used his office for his personal gain. She says doing that "undermined the national security of the United States." (AP Photo/J. Scott Applewhite)
November 25, 2019 - 6:33 pm
WASHINGTON (AP) — House Speaker Nancy Pelosi said Monday that Democratic lawmakers are “within range of a substantially improved” trade agreement with Canada and Mexico, but that they need to see progress made in negotiations put into writing by U.S. Trade Representative Robert Lighthizer for “...
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Federal Reserve Board Chair Jerome Powell addresses a round table discussion during a visit to Silver Lane Elementary School, in East Hartford, Conn., Monday, Nov. 25, 2019. Powell and Federal Reserve Bank of Boston President Eric Rosengren toured a working-class neighborhood in East Hartford and met with residents to get a closer look at their challenges. (AP Photo/Steven Senne)
November 25, 2019 - 6:21 pm
Federal Reserve Chairman Jerome Powell is sketching an optimistic view of the economy but signaling that continued low inflation means higher interest rates won’t likely be necessary anytime soon. Powell says that even with unemployment near a 50-year low of 3.6%, there’s still “plenty of room” for...
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FILE - In this May 22, 2017 file photo, a gift box from Tiffany & Co. is arranged for a photo in Surfside, Fla. French luxury giant LVMH Moet Hennessy Louis Vuitton said Monday Nov. 25, 2019, it has reached a deal to buy U.S.-based jewelry legend Tiffany & Co for $16.2 billion. (AP Photo/Wilfredo Lee, File)
November 25, 2019 - 12:27 pm
PARIS (AP) — French luxury group LVMH has agreed to buy New York jeweler Tiffany & Co. for $16.2 billion, adding a famed star to its portfolio that already boasts Louis Vuitton, Christian Dior and Bulgari. LVMH said in a statement Monday it will take over the 182-year old Tiffany and its 300...
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FILE - In this April 27, 2016, file photo, people walk past a shop selling pirated movie DVDs and music CDs in Beijing. China’s leaders have issued new, tougher guidelines for protection of patents, copyrights and other intellectual property. (AP Photo/Andy Wong, File)
November 25, 2019 - 3:18 am
BEIJING (AP) — China issued new, tougher guidelines for protection of patents, copyrights and other intellectual property in a move that may be timed to help along halting progress in trade talks with the United States. The guidelines issued late Sunday by the State Council, or Cabinet, and by the...
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November 25, 2019 - 3:16 am
BERLIN (AP) — A closely watched survey is showing that German business confidence has increased slightly. The Ifo institute said Monday that its monthly confidence index edged up to 95.0 points in November from 94.7 in October. The survey is based on responses from some 9,000 firms in Germany,...
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A currency trader stands near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Monday, Nov. 25, 2019. Asian shares were mostly higher Monday amid some optimism that the U.S. and China may edging closer to a trade deal. (AP Photo/Lee Jin-man)
November 25, 2019 - 3:05 am
TOKYO (AP) — Global shares were higher Monday amid some optimism that the U.S. and China may edging closer to a trade deal. France’s CAC 40 added 0.6% in early trading to 5,927.70, while Germany’s DAX edged up 0.5% to 13,232.23. Britain’s FTSE 100 gained nearly 0.7% to 7,374.79. U.S. shares were...
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In this picture taken Friday, Aug. 17, 2012, Italy's largest steel plant is seen in Taranto, Italy. Italian Premier Giuseppe Conte says steelmaker ArcelorMittal has agreed to try for a negotiated solution over the fate of a southern Italian steel plant. Conte and his economy and economic development ministers held four-hour talks ending Friday before midnight with ArcelorMittal’s top executives. Union leaders on Saturday insisted that any deal must exclude layoffs. (AP Photo/Paola Barisani)
November 23, 2019 - 8:43 am
ROME (AP) — Italy’s leader said that steelmaker ArcelorMittal has agreed to try for a negotiated solution over the fate of a southern plant that is one of Europe’s largest steel producers, while union leaders on Saturday clamored for authorities to protect the thousands of jobs at stake. Premier...
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