Federal Reserve Chairman Jerome Powell said Wednesday that "many" Fed officials believe a weakening global economy and rising trade tensions have strengthened the case for looser interest-rate policies.
Author Archives: The Associated Press
Marriott says it will fight a $123 million U.K. government fine related to its massive data breach.
Ross Perot, the colourful, self-made Texas billionaire who rose from a childhood of Depression-era poverty and twice ran for president in the 1990s against Republican and Democratic candidates, has died at 89.
Volkswagen is halting production of the last version of its Beetle model this week at its plant in Puebla, Mexico, in what will seemingly be the end of the road for a vehicle that has symbolized many things over it history dating back to 1938.
Turkey's currency fell sharply on Monday, reawakening concerns of another bout of financial jitters in the country, after President Recep Tayyip Erdogan fired the central bank governor, reportedly over disagreements on interest rate cuts.
A Saudi budget airline is ordering 30 Airbus planes in a deal that replaces a $6-billion US agreement it had with Boeing for its troubled 737 Max jets, which have been grounded after two deadly crashes.
British Airways faces a £183-million ($303 million Cdn) fine over a breach that compromised information on half a million customers — the biggest penalty to date under new, tougher British regulations, and one likely to be seen as a test case for companies that fail to secure big data caches.
Several African heads of state gathered in Niger's capital Sunday to launch a continent-wide free trade area that represents an estimated market of $3.4 trillion US.
Germany's struggling Deutsche Bank says it will cut 18,000 jobs by 2022 in a sweeping restructuring aimed at restoring consistent profitability and improving returns to its shareholders.
BMW CEO Harald Krueger is stepping down after a four-year tenure in which the automaker lost its lead in luxury car sales and saw an early head start in electric vehicles evaporate.