Business News

AP News - 44 mins ago

FRANKFURT, Germany (AP) — Inflation in the 18 countries that use the euro sank to an annual 0.3 percent in August, a sign of economic weakness that is putting pressure on the European Central Bank to take drastic steps to save a stalling recovery.< ...more

AP News - 1 hour ago

SAO PAULO (AP) — Brazil's government says the country's gross domestic product contracted 0.6 percent in the second quarter compared with the previous three months, sending the country's economy into a recession.The government's IBGE statistics ...more

AP News - 1 hour ago

MANAGUA, Nicaragua (AP) — Rescuers are working to reach at least 25 miners trapped in a gold mine landslide in northern Nicaragua.Marta Lagos is an official of the ruling Sandinista Party and she says rescuers hear voices and presume that all th ...more

AP News - 2 hours ago

WASHINGTON (AP) — US consumer spending dips 0.1 percent in July, first decline since January; income weak. ...more

AP News - 2 hours ago

QUITO, Ecuador (AP) — Ecuador is planning to create the world's first government-issued digital currency, which some analysts believe could be a first step toward abandoning the country's existing currency, the U.S. dollar, which the government cannot ...more

AP News - 3 hours ago

REYKJAVIK, Iceland (AP) — Icelandic authorities briefly raised the aviation warning code to red Friday after a small fissure eruption near Bardarbunga volcano, but no volcanic ash has been detected by the radar system.The eruption took place the ...more

AP News - 4 hours ago

LONDON (AP) — Tesco shares have dropped sharply after Britain's largest retailer by revenue issued another profit warning and slashed its dividend to shareholders by 75 percent.The supermarket giant says market conditions remained challenging, c ...more

AP News - 4 hours ago

KUALA LUMPUR, Malaysia (AP) — Malaysia Airlines will cut 6,000 workers as part of a $1.9 billion overhaul announced Friday to revive its damaged brand after being hit by double passenger jet disasters.The staff reduction represents about 30 perc ...more

AP News - 4 hours ago

BEIJING (AP) — China's biggest property developer, Wanda Group, and Internet giants Baidu and Tencent unveiled a new e-commerce venture Friday in a challenge to industry leader Alibaba Group ahead of its U.S. stock offering.The three companies s ...more

AP News - 5 hours ago

KUALA LUMPUR, Malaysia (AP) — Key dates in the history of Malaysia Airlines from its start as a one route airline until its almost unfathomable double passenger jet disasters in 2014.1937 — Malayan Airways Ltd., the forerunner of Malaysia Airlin ...more