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

UK lawmakers slam 'unsatisfactory' progress in Brexit talks

LONDON (AP) — Lawmakers scrutinizing Britain’s exit from the European Union said Thursday that progress in trade talks with the bloc is “highly unsatisfactory,” and that the country may have to stay in the tariff-free EU customs union for years after Brexit. The Exiting the European Union Committee...


Business

Stocks slide as Trump says North Korean meeting is canceled

Financial Markets Wall Street-1

NEW YORK (AP) — U.S. stocks are skidding Thursday after President Donald Trump said he is canceling a planned meeting with North Korean leader Kim Jong Un. Energy companies are falling along with oil prices as investors respond to reports the nations of OPEC may start producing more oil. Car...


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

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...


Business

AP Top Business News at 11:22 a.m. EDT

Trump administration explores tariffs on autos, auto parts The Latest: German automakers concerned by US tariff move Feds: Uber self-driving SUV saw pedestrian; did not brake CEO, board members quit Russian metals giant amid sanctions Protests worldwide against US idea of auto import tariffs...


Business

US average mortgage rates at 7-year highs; 30-year 4.66 pct.

Mortgage Rates

WASHINGTON (AP) — Long-term U.S. mortgage rates rose this week, continuing at their highest levels in seven years amid the peak home buying season. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.66 percent, up from 4.61 percent last week. Pushing...


Business

China's Tencent: Tech world must tackle privacy concerns

France China Tencent

PARIS (AP) — China’s biggest tech company says the industry needs to tackle users’ privacy concerns and the risks posed by advancing technologies. Seng Yee Lau, senior executive vice president of Tencent, also argues that companies and governments must invest more in education, to reduce...


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