Business

September 26, 2018 - 8:40 am
MILAN (AP) — Italy's economy minister says the first budget of the new Italian government will include a basic income scheme sought by one of the governing parties, the 5-Star Movement. Giovanni Tria said Wednesday that the scheme would "help manage the social consequences of the transformation...
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September 26, 2018 - 8:27 am
BEIJING (AP) — China has announced a new cut in import tariffs but no action on U.S. complaints about its technology policy that are fueling an escalating trade battle with Washington. The announcement Wednesday is the second cut in import taxes in less than a year in what the government says is an...
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Demonstrators hold a poster that reads: "We are against the raising of the retirement age" during a protest against the government's plans to raise the retirement age, in front of the Russian State Duma, the Lower House of the Russian Parliament in Moscow, Russia, Wednesday, Sept. 26, 2018. The State Duma is expected to vote on the second reading of the bill that could raise the retirement age for the old-age pension by five years. (AP Photo/Alexander Zemlianichenko)
September 26, 2018 - 7:22 am
MOSCOW (AP) — The lower house of the Russian parliament has given its preliminary approval for a controversial bill that raises the eligibility ages for pensions, which has caused an outrage in Russian society. The government's plan to raise the retirement ages for men and women by five years has...
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An investor walks in front of trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Wednesday, Sept. 26, 2018. Asian markets rose on Wednesday as traders waited for the U.S. Federal Reserve to raise interest rates for the third time this year, a signal that the country’s economic growth was on track. (AP Photo/Yam G-Jun)
September 26, 2018 - 4:55 am
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 4:55 a.m. Financial markets are subdued as investors look ahead to the Federal Reserve's latest policy meeting, at which it is expected to raise its main interest rate for the third time this year...
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This combination of file photos show, from left to right; then Malaysia’s President-elect Mahathir Mohamad, Maldives President-elect Ibrahim Mohamed Solih and Pakistan politician Imran Khan. The three Muslim-majority South Asian countries have recently elected leaders who campaigned on promises to move away from China’s growing sphere of influence. The surprising elections of nonagenarian Mahathir Mohamad in Malaysia, cricketer Imran Khan in Pakistan and longtime opposition lawmaker Ibrahim Mohamed Solih in the Maldives could signal problems for the continued development of Beijing’s “Belt and Road” initiative to build ports, highways and other trade-related infrastructure. (AP Photo, File)
September 26, 2018 - 3:31 am
NEW DELHI (AP) — Three Muslim-majority Asian countries have elected leaders who campaigned on a promise to temper China's growing influence, but analysts say reducing the foothold of the world's second-largest economy won't be easy because of the billions of dollars in development projects that are...
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FILE- In this July 17, 2018, file photo Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on "The Semiannual Monetary Policy Report to the Congress," at Capitol Hill in Washington. On Wednesday, Sept. 26, the Federal Reserve issues its latest policy statement and updates its interest-rate and economic projections before Powell holds a news conference. (AP Photo/Jose Luis Magana, FIle)
September 26, 2018 - 3:28 am
WASHINGTON (AP) — The Federal Reserve is set Wednesday to raise interest rates for a third time this year and possibly modify the likely direction of rates in the months ahead. The big question is whether the strong U.S. economy, which has been fueled this year by tax cuts and increased government...
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September 26, 2018 - 3:20 am
WASHINGTON (AP) — The Federal Reserve is set Wednesday to raise interest rates for a third time this year and possibly modify the likely direction of rates in the months ahead. The big question is whether the strong U.S. economy, which has been fueled this year by tax cuts and increased government...
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FILE - In this Sept. 5, 2018, file photo, Sen. John Thune, R-S.D., speaks with reporters after the Republican's policy luncheon on Capitol Hill in Washington. The Trump administration is hoping Congress can come up with a new set of national rules governing how companies can use consumers' data that finds a balance between "privacy and prosperity." "Consumers deserve clear answers and standards on data privacy protection," Thune, who heads the Commerce panel, said in a statement. By hearing from the companies, lawmakers will be able to assess "what Congress can do to promote clear privacy expectations without hurting innovation," he said. (AP Photo/Cliff Owen, File)
September 26, 2018 - 3:05 am
WASHINGTON (AP) — The Trump administration is hoping Congress can come up with a new set of national rules governing how companies can use consumers' data that finds a balance between "privacy and prosperity." But it will be tricky to reconcile the concerns of privacy advocates who want people to...
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FILE - In this April 7, 2011, file photo, CEO Kevin Systrom, at left, chats with engineers Shayne Sweeney, center, and Mike Krieger at Instagram in San Francisco. In a statement late Monday, Sept. 24, 2018, Systrom said in a statement that he and Krieger, Instagram’s chief technical officer, plan to leave the company in the next few weeks and take time off “to explore our curiosity and creativity again.” (AP Photo/Marcio Jose Sanchez, File)
September 26, 2018 - 2:20 am
SAN FRANCISCO (AP) — When Kevin Systrom and Mike Krieger sold Instagram to Facebook in 2012, the photo-sharing startup's fiercely loyal fans worried about what would happen to their beloved app under the social media giant's wings. None of their worst fears materialized. But now that its founders...
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An investor walks in front of trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Wednesday, Sept. 26, 2018. Asian markets rose on Wednesday as traders waited for the U.S. Federal Reserve to raise interest rates for the third time this year, a signal that the country’s economic growth was on track. (AP Photo/Yam G-Jun)
September 25, 2018 - 11:36 pm
SINGAPORE (AP) — Asian markets rose on Wednesday as traders awaited a third interest rate hike by the U.S. Federal Reserve for this year. KEEPING SCORE: Japan's Nikkei 225 rose less than 0.1 percent to 23,953.98. Hong Kong's Hang Seng index, which reopened after a holiday, jumped 1.5 percent to 27,...
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