Business

October 15, 2019 - 6:20 am
LONDON (AP) — The former chief executive of the failed Thomas Cook travel agency has told a British parliamentary committee he has not decided whether to return his substantial cash bonus. Peter Fankhauser told the Business, Energy and Industrial Strategy Committee Tuesday that he is "deeply sorry...
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Hong Kong Chief Executive Carrie Lam listens to a journalist's question during a press conference at the government building in Hong Kong, Tuesday, Oct. 15, 2019. A homemade, remote-controlled bomb intended to "kill or to harm" riot control officers was detonated as they deployed against renewed violence in Hong Kong over the weekend, police said Monday, in a further escalation of destructive street battles gripping the business hub. (AP Photo/Mark Schiefelbein)
October 15, 2019 - 5:30 am
HONG KONG (AP) — Hong Kong's leader said Tuesday that "it's totally irresponsible and unfounded" to suggest the semi-autonomous Chinese territory is becoming a police state as her government grapples with protests now in their fifth month. In a spirited defense of Hong Kong's 30,000-strong police...
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October 15, 2019 - 4:52 am
BERLIN (AP) — German newspaper Sueddeutsche Zeitung reports that Deutsche Bank gave expensive gifts to senior Chinese officials at a time when it was trying to establish itself as a major player in China's financial industry. Together with German public broadcaster WDR and the New York Times, the...
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A man stretches in front of an electronic stock board of a securities firm in Tokyo, Tuesday, Oct. 15, 2019. On Tuesday, shares are mixed in Asia after a wobbly day of trading on Wall Street. Japan’s Nikkei 225 index jumped 1.8% as it reopened from a public holiday and investors caught up on the news of a preliminary trade deal between China and the U.S. (AP Photo/Koji Sasahara)
October 15, 2019 - 4:44 am
BANGKOK (AP) — Shares were mostly higher in Europe and Asia on Tuesday after a wobbly day of trading on Wall Street. Germany's DAX advanced 0.4% to 12,532.50 and the CAC 40 in Paris gained 0.6% to 5,674.85. London's FTSE 100 was nearly unchanged at 7,215.74. In New York, futures were higher, with...
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October 15, 2019 - 3:53 am
BEIJING (AP) — Fees paid by China to the United States and other countries to deliver packages will nearly triple through 2025 under an agreement by the global postal union following complaints by Washington, the Chinese post office said Tuesday. Payments will rise 27% next year and by 164% in...
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October 15, 2019 - 3:48 am
BERLIN (AP) — Online fashion retailer Zalando says it wants at least 40% of its senior managers to be women within four years, following recent criticism that all five members of its management board are men. The Berlin-based company said Tuesday that it "aims for a balanced representation of women...
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A vehicle sits in front of a home destroyed by Typhoon Hagibis Tuesday, Oct. 15, 2019, in Nagano, Japan. More victims and more damage have been found in typhoon-hit areas of central and northern Japan, where rescue crews are searching for people still missing. (AP Photo/Jae C. Hong)
October 15, 2019 - 3:19 am
TOKYO (AP) — The typhoon that ravaged Japan last week hit with unusual speed and ferocity, leaving homes buried in mud and people stranded on rooftops. But nothing spoke more of the powerlessness of modernization against natural disasters than rows of bullet trains deluged in floodwaters in Nagano...
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FILE - In this Oct. 10, 2019, file photo, Pacific Gas & Electric employees work in the PG&E Emergency Operations Center in San Francisco. Experts say it’s hard to know what might have happened had the power stayed on, or if the utility’s proactive shutoffs are to thank for California’s mild fire season this year. (AP Photo/Jeff Chiu, File)
October 14, 2019 - 11:48 pm
SAN FRANCISCO (AP) — Millions of Californians spent part of the week in the dark in an unprecedented effort by the state's large electrical utilities to prevent another devastating wildfire. It was the fifth time Pacific Gas & Electric Co. has preemptively cut the power but by far the largest...
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FILE - In this July 23, 2019, file photo, Marybel Batjer, of the California Public Utilities Commission, speaks during a news conference as Gov. Gavin Newsom looks on in Sacramento, Calif. California's utility regulator is issuing a series of sanctions against Pacific Gas and Electric for what it calls "failures in execution" during the largest planned power shut-off in state history to avoid wildfires. Batjer said Monday, Oct. 14, 2019, the utility needs to have a goal of restoring power within 12 hours instead of its current 48 hours, minimize the scale of future outages and better communicate with the public and local officials. (AP Photo/Rich Pedroncelli, File)
October 14, 2019 - 11:46 pm
SAN FRANCISCO (AP) — California's top utility regulator blasted Pacific Gas and Electric on Monday for what she called "failures in execution" during the largest planned power outage in state history to avoid wildfires that she said, "created an unacceptable situation that should never be repeated...
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This undated photo provided by Harvard University shows Michael Kremer, professor of economics at the college in Cambridge, Mass., who was awarded 2019 Nobel Prize in economics along with Abhijit Banerjee and Esther Duflo Monday, Oct. 14, 2019, for pioneering new ways to alleviate global poverty. (Jon Chase/Harvard University News Office via AP)
October 14, 2019 - 8:36 pm
STOCKHOLM (AP) — The Latest on the Nobel Prize in economics (all times local): 1 a.m. Tuesday Michael Kremer was worried the Skype message was a scam. It appeared to be from a friend in Sweden and said the person needed to speak with the Harvard economist "urgently." That's when Kremer realized he'...
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