Economy

FILE - In this Sept. 29, 2020 file photo, former Nissan Motor Co. Chairman Carlos Ghosn holds a press conference at the Maronite Christian Holy Spirit University of Kaslik, north of Beirut, Lebanon. In an opinion published Monday, Nov. 23, 2020, a panel of human rights experts working with the United Nations says former Renault-Nissan boss Carlos Ghosn was wrongly detained in Japan in late 2018 and has urged “compensation” and “other reparations” for him from the Japanese government. (AP Photo/Hussein Malla, file)
January 04, 2021 - 3:49 pm
BEIRUT (AP) — Former Renault-Nissan boss Carlos Ghosn said in an interview aired Monday that French investigators are coming to question him in Lebanon over some legal challenges in France, asking why don't the Japanese do the same thing. Ghosn’s comments came two weeks after a Lebanese justice...
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FILE - In this Nov. 16, 2020 file photo, a man wearing a mask passes the New York Stock Exchange, in New York. U.S. stocks are falling from their record highs Monday, Jan. 4, 2021, as trading gets underway in a year where the dominant expectation is for a powerful economic rebound to eventually sweep the world. (AP Photo/Mark Lennihan, File)
January 04, 2021 - 3:07 pm
U.S. stocks are closing lower Monday as big swings return to Wall Street to start a year when the dominant expectation is for a powerful economic rebound to sweep the world. The S&P 500 was 1.5% lower at the close after earlier dropping as much as 2.5%. The Dow Jones Industrial Average also...
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Construction workers clear out debris from the demolition of the original building at TSX Broadway under construction, Thursday, Oct. 29, 2020, in New York's, Times Square. The 46-story mixed-use property will house 75,000 square feet of retail space, a a 4,000-square-foot performance venue including an outdoor stage, an outdoor food and beverage terrace and a luxury hotel. U.S. construction spending rose 0.3% in September, the fourth straight monthly gain after a coronavirus-caused spring swoon. (AP Photo/Mary Altaffer)
January 04, 2021 - 9:29 am
WASHINGTON (AP) — Spending on U.S. construction projects increased 0.9% in November as strength in home building offset weakness in other parts of the construction industry. The November gain followed a bigger 1.6% rise in October and left construction spending up 4.4% through the first 11 months...
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A Lebanese couple celebrate the New Year Eve at restaurant in Beirut, Lebanon, Friday, Jan. 1, 2021. Lebanon ended the year with more than 3,500 newly registered infections of coronavirus and 12 new deaths as its health minister rang appealed to Lebanese to take precautions while celebrating to avoid what he called wasting sacrifices made in combatting the virus. (AP Photo/Hussein Malla)
January 04, 2021 - 5:20 am
BEIRUT (AP) — Lebanon is gearing up for a new nationwide lockdown, as officials vowed Monday to take stricter measures against the coronavirus following the holiday season, which saw a large increase in infections and caused jitters in the country's already-battered health sector. First responders...
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FILE - In this Oct. 27, 2020, file photo, a woman wearing a mask works in a garment factory in Donghai county in east China's Jiangsu province. China’s manufacturing activity improved in December, 2020 but at its weakest rate in three months as the economy recovered from the coronavirus pandemic while its trading partners struggled with rising infections, according to two surveys. (Chinatopix Via AP)
January 04, 2021 - 2:24 am
BEIJING (AP) — China’s manufacturing activity improved in December but at its weakest rate in three months as the economy recovered from the coronavirus pandemic while its trading partners struggled with rising infections, according to two surveys. A monthly purchasing managers’ index issued Monday...
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House Speaker Nancy Pelosi of Calif., speaks to the media, Wednesday Dec. 30, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
January 03, 2021 - 3:50 pm
WASHINGTON (AP) — The Latest on the new session of Congress (all times local): X:XX p.m. Nancy Pelosi was narrowly reelected Sunday as speaker, giving her the reins of Democrats’ slender House majority as President-elect Joe Biden sets a challenging course of producing legislation to tackle the...
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Indians, some of them, wearing face masks as a precautionary measure against the coronavirus shop at a Sunday market in Jammu, India, Sunday, Jan.3, 2021. India authorized two COVID-19 vaccines on Sunday, paving the way for a huge inoculation program to stem the coronavirus pandemic in the world’s second most populous country. (AP Photo/Channi Anand)
January 03, 2021 - 9:38 am
NEW DELHI (AP) — India will not allow the export of the Oxford University-AstraZeneca coronavirus vaccine for several months, the head of Serum Institute of India, which has been contracted to make 1 billion doses of the vaccine for developing nations, said Sunday. With rich nations reserving most...
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Pedro Pierluisi, gubernatorial candidate with the New Progressive Party (PNP), arrives at Vivo Beach Club to celebrate a slim lead of the pro-statehood party in the Puerto Rican general elections, in Carolina, Puerto Rico, Tuesday, Nov. 3, 2020. Pierluisi briefly served as governor following last year's massive protests that led to the resignation of former Gov. Ricardo Rosselló. (AP Photo/Carlos Giusti)
January 02, 2021 - 3:31 pm
SAN JUAN, Puerto Rico (AP) — Pedro Pierluisi vowed to achieve statehood for Puerto Rico and fight against poverty, corruption and COVID-19 after he was sworn in Saturday as the U.S. territory’s new governor. Pierluisi, a Democrat who previously served as Puerto Rico’s representative in Congress for...
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The White House, Friday, Jan. 1, 2021, in Washington. (AP Photo/Andrew Harnik)
January 01, 2021 - 6:13 pm
WASHINGTON (AP) — President Donald Trump vetoed a bill Friday that would have gradually ended the use of large-mesh drift gillnets deployed exclusively in federal waters off the coast of California, saying such legislation would increase reliance on imported seafood and worsen a multibillion-dollar...
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President-elect Joe Biden, right, listens as Janet Yellen, who Biden nominated to serve as Secretary of the Treasury, speaks at The Queen theater, Tuesday, Dec. 1, 2020, in Wilmington, Del. (AP Photo/Andrew Harnik)
January 01, 2021 - 12:48 pm
REHOBOTH BEACH, Del. (AP) — President-elect Joe Biden’s choice to be treasury secretary, Janet Yellen, collected more than $7 million in speaking fees over the past two years from major financial firms and tech giants including Citigroup, Goldman Sachs and Google, according to disclosure forms...
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