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

The Latest: German industry says car tariffs a 'nasty blow'

China US Trade

WASHINGTON (AP) — The Latest on the Trump administration’s interest in putting tariffs on auto imports (all times local): 5:55 a.m. The head of the Association of German Chambers of Commerce and Industry says the U.S. intention to raise auto tariffs is “another nasty blow to our economic relations”...


Business

Las Vegas strike would have far-reaching effect

Las Vegas Casinos Contracts

LAS VEGAS (AP) — What happens in Las Vegas could have a ripple effect across the country if 50,000 casino-hotel workers employed at more than 30 of the city’s world-famous resorts go on strike at any time starting next week. If members of the union that includes hotel and food workers don’t show up...


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...


National

Disputed Keystone Pipeline project focus of court hearing

Keystone Pipeline Lawsuit

BILLINGS, Mont. (AP) — Attorneys for the Trump administration were due in a Montana courtroom Thursday to defend the disputed Keystone XL oil sands pipeline against environmental groups that want to derail the project. The 1,179-mile (1,800-kilometer) line proposed by TransCanada Corporation was...


Business

AP Top Business News at 6:02 a.m. EDT

Disputed Keystone Pipeline project focus of court hearing Trump administration explores tariffs on autos, auto parts The Latest: German industry says car tariffs a ‘nasty blow‘ Las Vegas strike would have far-reaching effect Deutsche Bank to slash thousands of jobs to control costs UK retail sales...


Business

Deutsche Bank to slash thousands of jobs to control costs

EU Deutsche Bank

FRANKFURT, Germany (AP) — Deutsche Bank is slashing thousands of jobs as Germany’s largest lender refocuses its global investment banking business on Europe and seeks to return to steady profitability. The bank said Thursday it would cut its workforce from 97,000 to “well below” 90,000 in order to...


Business

UK retail sales bounce back strongly from snow impact

LONDON (AP) — Official figures show that retail sales bounced back strongly in April after cold weather hit the previous month. The Office for National Statistics said Thursday that retail sales jumped a monthly 1.6 percent in April, more than making up the 1.1 percent decline in March. The...


Business

Global shares mostly higher as US mulls fresh auto tariffs

Japan Financial Markets

BANGKOK (AP) — World shares are mostly higher despite losses in Tokyo after the Trump administration said it was investigating imposing new tariffs on imports of autos and auto parts. KEEPING SCORE: Germany’s DAX added 0.1 percent to 12,988.33 and the CAC 40 in France rose 0.4 percent to 5,588.96....


Business

China, Japan protest US probe into need for auto tariffs

China US Trade

BEIJING (AP) — China and Japan both 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. China’s Commerce Ministry said Beijing would “firmly defend” its rights and...


Business

Bitcoin manipulation said to be focus of U.S. criminal probe

(c) 2018, Bloomberg. The Justice Department has opened a criminal probe into whether traders are manipulating the price of bitcoin and other digital currencies, dramatically ratcheting up U.S. scrutiny of red-hot markets that critics say are rife with misconduct, according to four people familiar...


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