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

Analysis says Trump budget won't curb deficits as promised

WASHINGTON (AP) — The nonpartisan Congressional Budget Office says that President Donald Trump’s budget plan wouldn’t curb the spiraling deficit like it claims. Trump’s budget, released in February and mostly ignored since, promises spending cuts and economic growth that would cut the deficit to...


Business

BC-World Gold

Bid Chg. London morning fixing $1296.35 up $ 2.35 London afternoon fixing $1304.85 up $15.85 NY Handy & Harman $1304.85 up $15.85 NY Engelhard $1302.86 up $11.02 NY Merc. spot month $1303.70 up $14.40 HSBC Bank USA $1305.00 up $12.00 New York (AP)- Prices Thursday with Wednesday prices. Bid Chg....


Business

The Latest: German automakers concerned by US tariff move

China US Trade

WASHINGTON (AP) — The Latest on the Trump administration’s interest in putting tariffs on auto imports (all times local): 10:20 a.m. The head of Germany’s biggest auto industry lobby says the U.S. decision to explore raising tariffs on imported cars comes as no surprise, but says its members...


Business

Feds: Uber self-driving SUV saw pedestrian, did not brake

Uber-Autonomous Vehicle

DETROIT (AP) — The autonomous Uber SUV that struck and killed an Arizona pedestrian in March spotted the woman about six seconds before hitting her, but did not stop because the system used to automatically apply brakes in potentially dangerous situations had been disabled, according to federal...


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...


Business

Protests worldwide against US idea of auto import tariffs

China US Trade

BEIJING (AP) — China, Japan and the European Union condemned Thursday the Trump administration’s decision to launch an investigation into whether tariffs are needed on imports of vehicles and automotive parts into the United States. President Donald Trump invoked a provision authorizing the...


World

Europe looks for deeds, not words, from Italy's populists

Italy Politics

ROME (AP) — Italy’s premier-designate Giuseppe Conte spent his first day on the job Thursday finalizing his proposed Cabinet list as European officials vowed to judge deeds, not words, from a euroskeptic and populist Italy in their ranks. Conte, a law professor and political unknown, received a...


Business

Facebook to label election-related 'issue ads' in US

Facebook Political Ads

NEW YORK (AP) — Facebook is expanding its advertising disclosure requirements to cover all U.S. ads on polarized issues such as gun control and abortion rights, even if they don’t endorse a particular candidate. Ads coming from specific candidates have already included a disclosure label since...


Business

Trump signs bill easing post-2008 crisis restraints on banks

Trump-1

WASHINGTON (AP) — President Donald Trump on Thursday signed into law a measure that loosens key restraints for banks imposed after the 2008 financial crisis and Great Recession. Savoring the legislative triumph, he called it “the next step in America’s unprecedented economic comeback.” The...


World

CEO, board members quit Russian metals giant amid sanctions

MOSCOW (AP) — Russian aluminum maker Rusal says its CEO and seven board members have quit, a move that comes as the company struggles to survive U.S. sanctions. U.S. has hit Rusal and its major shareholder, billionaire Oleg Deripaska, with sanctions cutting the company off from international...


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