Economy

FILE - In this May 4, 2018, file photo, a man walks past a branch of HSBC bank in Hong Kong. Europe's biggest bank has reported that its net profit fell 53% in 2019 to $6 billion. London-based HSBC, whose profit is mainly from Asia, said it plans to revamp its U.S. and European business and shed $100 billion in assets to improve its profitability. (AP Photo/Kin Cheung, File)
Associated Press
February 18, 2020 - 3:28 am
HSBC bank said Tuesday it will shed some 35,000 jobs as part of a deep overhaul to focus on faster-growing markets in Asia and better cope with a slew of global uncertainties. The interim chief executive, Noel Quinn, said the number of people employed by the bank would fall from 235,000 to 200,000...
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Senior Advisor to the President, Ivanka Trump, right, joined by Secretary of State Mike Pompeo, speaks during the Women's Global Development and Prosperity Initiative one-year anniversary event at the State Department in Washington, Wednesday, Feb. 12, 2020. A Republican and a Democratic senator are leading a legislative effort to have a global women's economic initiative spearheaded by President Donald Trump's daughter Ivanka written into law. The senior White House adviser made the announcement Wednesday during a State Department anniversary event for her Women's Global Development and Prosperity Initiative. (AP Photo/Luis M. Alvarez)
Associated Press
February 12, 2020 - 12:50 pm
WASHINGTON (AP) — Two senators — one Republican and one Democrat — are leading a legislative effort to have a global women's initiative spearheaded by President Donald Trump's daughter Ivanka written into law. Sens. Lindsey Graham, R.-S.C., and Jeanne Shaheen, D-N.H., are behind the effort, the...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Jan. 28, 2020. Asian shares continued to fall Tuesday, dragged down by worries about an outbreak of a new virus in China that threatens global economic growth. (AP Photo/Ahn Young-joon)
Associated Press
January 28, 2020 - 4:16 am
TOKYO (AP) — European shares and U.S. futures were higher after another day of losses in Asia on Tuesday as worries deepened over the expanding outbreak of a new virus in China. France's CAC 40 rose 0.5% to 5,894.94 , while Germany's DAX rose 0.4% to 13,258.01. Britain's FTSE 100 was up 0.4% at 7,...
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Security officials wear face masks as they march in formation near Tiananmen Gate adjacent to Tiananmen Square in Beijing, Monday, Jan. 27, 2020. China on Monday expanded sweeping efforts to contain a viral disease by postponing the end of this week's Lunar New Year holiday to keep the public at home and avoid spreading infection as the death toll rose to 80. (AP Photo/Mark Schiefelbein)
Associated Press
January 27, 2020 - 4:00 pm
BEIJING (AP) — China expanded its sweeping efforts on Monday to contain a dangerous new virus, extending the Lunar New Year holiday to keep the public at home and avoid spreading infection as the death toll rose to 81. Mongolia closed its vast border with China, and Hong Kong and Malaysia announced...
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(Photo by Chip Somodevilla/Getty Images)
Associated Press
January 16, 2020 - 12:23 pm
WASHINGTON (AP) — The Senate overwhelmingly approved a new North American trade agreement Thursday that rewrites the rules of trade with Canada and Mexico and gives President Donald Trump a major policy win before senators turn their full attention to his impeachment trial. The vote was 89-10. The...
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FILE - In this Sept. 16, 2018, file photo, American flags are displayed together with Chinese flags on top of a trishaw in Beijing. China's economy czar will visit Washington next week for the signing of an interim trade deal, the government said Thursday, Jan. 9, 2020. (AP Photo/Andy Wong, File)
Associated Press
January 09, 2020 - 2:31 am
BEIJING (AP) — China’s economy czar will visit Washington next week for the signing of an interim trade deal, the government said Thursday. Vice Premier Liu He, Beijing’s chief envoy in talks with Washington over their tariff war, had been expected to attend the signing but the Commerce Ministry’s...
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FILE - This June 15, 2005, file photo shows a Pier 1 Imports store in Dallas. Pier 1 Imports is closing nearly half its 942 stores as it struggles to draw consumers and compete online. The home decor company said Monday, Jan. 6, 2020, it is closing up to 450 stores and will also shutter distribution centers. It didn't say where the store closures would occur, but it operates stores in the U.S. and Canada. Pier 1 also plans layoffs at its corporate headquarters in Fort Worth, Texas. (AP Photo/Donna McWilliam, File)
Associated Press
January 06, 2020 - 6:41 pm
FORT WORTH, Texas (AP) — Pier 1 Imports is closing nearly half its 942 stores as it struggles to draw consumers and compete online. The home decor company said Monday it is closing up to 450 stores and will also shutter distribution centers. It didn't say where the store closures would occur, but...
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jobs
(AP Photo/John Locher, File)
Associated Press
December 06, 2019 - 7:35 am
WASHINGTON (AP) — Hiring in the United States jumped last month to its highest level since January as U.S. employers shrugged off global trade conflicts and added 266,000 jobs. The Labor Department says the unemployment rate declined to 3.5% from 3.6% in October, matching a half-century low. And...
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FILE - In this Jan. 21, 2009, file photo, Bernard Roques, a refiner of Societe company, smells a Roquefort cheese as they mature in a cellar in Roquefort, southwestern France. The Trump administration is proposing tariffs on up to $2.4 billion worth of French imports, from Roquefort cheese to handbags, retaliation for France’s tax on American tech giants like Google, Amazon and Facebook. The Office of the U.S. Trade Representative says France’s new digital services tax discriminates against U.S. companies and says that the tariffs could reach 100%.(AP Photo/Bob Edme, File)
Associated Press
December 03, 2019 - 6:00 am
PARIS (AP) — France is threatening a “strong European riposte” if the Trump administration follows through on a proposal to hit French cheese, Champagne, handbags and other products with tariffs - of up to 100%. The U.S. Trade Representative proposed the tariffs on $2.4 billion in goods Monday in...
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Police detain an anti-government demonstrator during a nationwide strike in Bogota, Colombia, Thursday, Nov. 21, 2019. Colombia's main union groups and student activists called for a strike to protest the economic policies of Colombian President Ivan Duque government and a long list of grievances. (AP Photo/Ivan Valencia)
Associated Press
November 21, 2019 - 6:21 pm
BOGOTA, Colombia (AP) — Colombians angry with conservative President Iván Duque and hoping to channel Latin America’s wave of discontent took the streets by the tens of thousands Thursday in one of the biggest protests in the nation’s recent history. Students, teachers and labor union organizers...
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