Economy

International Monetary Fund Director Christine Lagarde reaches out to embrace Jerome Powell, chairman of the Federal Reserve, as they gather for a group picture at the G20 Meeting of Finance Ministers in Buenos Aires, Argentina, Saturday, July 21, 2018. (AP Photo/Gustavo Garello)
July 22, 2018 - 12:48 pm
BUENOS AIRES, Argentina (AP) — The European financial affairs commissioner says that differences of position on trade remain despite talks between G-20 officials meeting in Argentina's capital. Pierre Moscovici said Sunday that "trade tensions remain high and threaten to escalate further." But he...
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Britain's newly appointed chief Brexit negotiator Dominic Raab, left, and EU's chief Brexit negotiator Michel Barnier speak to the media ahead of a meeting at the European Commission in Brussels, Thursday, July 19, 2018. Britain's chief Brexit negotiator David Davis resigned less than two weeks ago and his successor Raab met his EU counterpart Michel Barnier for the first time late Thursday.(Stephanie Lecocq/Pool Photo via AP)
July 22, 2018 - 7:10 am
LONDON (AP) — Britain's slow move away from the European Union took a new twist Sunday as the new Brexit chief suggested that Britain might not pay its 39 billion pound ($51 billion) divorce bill if no trade agreement with the European Union is reached. Brexit Secretary Dominic Raab told the Sunday...
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Cuban President Miguel Diaz-Canel, from left, Secretary, Council of State Homero Acosta Alvarez and First Vice President, Council of State Salvador Valdes Mesa, attend a National Assembly session in Havana, Cuba, Saturday, July 21, 2018. Cuban lawmakers approved the Cabinet named by Diaz-Canel, keeping most of the ministers from Raul Castro's government in place. (Abel Padron/Agencia Cubana de Noticias via AP)
July 21, 2018 - 7:01 pm
HAVANA (AP) — Cuban lawmakers on Saturday approved the Cabinet named by new President Miguel Diaz-Canel, keeping most of the ministers from Raul Castro's government in place, except for in the key post of economic reform. At the same time, the national assembly received a proposed reform of Cuba's...
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U.S. Treasury Secretary Steven Mnuchin speaks during a press gaggle with reporters in Buenos Aires, Argentina, Saturday, July 21, 2018. Mnuchin said Saturday that Donald Trump was not trying to put pressure on the Federal Reserve when he criticized its decision to raise interest rates. (AP Photo/Victor R. Caivano)
July 21, 2018 - 2:25 pm
BUENOS AIRES, Argentina (AP) — U.S. Treasury Secretary Steven Mnuchin said Saturday that Donald Trump was not trying to put pressure on the Federal Reserve when he criticized its decision to raise interest rates. Speaking to reporters on the sidelines of a Group of 20 meeting in Buenos Aires,...
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Corey Butler, center, stands as he explains what democratic socialism is to him during a meeting of the Southern Maine Democratic Socialists of America at City Hall in Portland, Maine, Monday, July 16, 2018. On the ground in dozens of states, there is new evidence that democratic socialism is taking hold as a significant force in Democratic politics. (AP Photo/Charles Krupa)
July 21, 2018 - 2:08 pm
PORTLAND, Maine (AP) — A week ago, Maine Democrat Zak Ringelstein wasn't quite ready to consider himself a member of the Democratic Socialists of America, even if he appreciated the organization's values and endorsement in his bid to become a U.S. senator. Three days later, he told The Associated...
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Senegal president Macky Sall, right, and Chinese President Xi Jinping, arrive at the State House in Dakar, Senegal, on the first day of a state visit Saturday, July 21, 2018. Chinese President Xi Jinping arrived in Africa on Saturday on a four-nation visit, seeking deeper military and economic ties.(AP Photo/Xaume Olleros)
July 21, 2018 - 2:06 pm
DAKAR, Senegal (AP) — Chinese President Xi Jinping arrived in Africa on Saturday on a four-nation visit seeking deeper military and economic ties while his rival in a bitter trade war, the Trump administration, shows little interest in the world's second most populous continent. This is Xi's first...
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U.S. Treasury Secretary Steven Mnuchin attends a press gaggle with reporters in Buenos Aires, Argentina, Saturday, July 21, 2018. Mnuchin said Saturday that Donald Trump was not trying to put pressure on the Federal Reserve when he criticized its decision to raise interest rates. (AP Photo/Victor R. Caivano)
July 21, 2018 - 1:08 pm
BUENOS AIRES, Argentina (AP) — U.S. Treasury Secretary Steven Mnuchin said Saturday that the overall U.S. economy has not been harmed by the trade battles set off by President Donald Trump's get-tough policies although some individual sectors have been hurt. He said the administration was exploring...
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July 21, 2018 - 11:59 am
CAIRO (AP) — Egypt has raised natural gas prices for households and businesses by between 33.3 and 75 percent. Saturday's decision, published in the official gazette, should come into effect starting August. Gas consumption of up to 30 cubic meters was raised by 75 percent, 30-60 cubic meter gas...
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FILE - In this July 19, 2018 file photo, President Donald Trump speaks before signing an Executive Order that establishes a National Council for the American Worker during a ceremony in the East Room of the White House in Washington. Trump said he’s willing to hit all imported goods from China with tariffs, sending U.S. markets sliding before the opening bell, Friday, July 20. In a taped interview with the business channel CNBC, Trump said “I’m willing to go to 500,” referring roughly to the $505.5 in goods imported last year from China. (AP Photo/Andrew Harnik, File)
July 21, 2018 - 11:49 am
WASHINGTON (AP) — With President Donald Trump intensifying his rift with U.S. trading partners, economists are growing more doubtful that any deal that might benefit American workers and companies is in sight. Instead, many analysts say they expect the Trump administration to impose more tariffs on...
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FILE- In this Oct. 24, 2017, file photo, people pass the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, July 20, 2018. (AP Photo/Richard Drew, File)
July 20, 2018 - 4:46 pm
NEW YORK (AP) — U.S. stocks inched lower Friday as bond yields jumped, a shift that helped banks but hurt companies that pay big dividends. The dollar fell after President Donald Trump said China is manipulating its currency. Companies including Microsoft and Honeywell rose as investors were...
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