Business

US, China putting trade war on hold after progress in talks

China US Trade

The world's two biggest economies are pulling back from the brink of a trade war after making...

World

Car-sharing service car2go suspending operations in Toronto

TORONTO (AP) — The car-sharing service car2go said Thursday it is indefinitely suspending its operations in Canada’s largest city because parking regulations make its business inoperable. The German-based company sent an email to its 80,000 users on in Toronto on Thursday saying it will suspend...


Business

US average mortgage rates at 7-year highs; 30-year 4.66 pct.

Mortgage Rates

WASHINGTON (AP) — Long-term U.S. mortgage rates rose this week, continuing at their highest levels in seven years amid the peak home buying season. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.66 percent, up from 4.61 percent last week. Pushing...


Business

Las Vegas strike would have far-reaching effect

Las Vegas Casinos Contracts

LAS VEGAS (AP) — What happens in Las Vegas could have a ripple effect across the country if 50,000 casino-hotel workers employed at more than 30 of the city’s world-famous resorts go on strike at any time starting next week. If members of the union that includes hotel and food workers don’t show up...


Business

The Latest: German automakers concerned by US tariff move

China US Trade

WASHINGTON (AP) — The Latest on the Trump administration’s interest in putting tariffs on auto imports (all times local): 10:20 a.m. The head of Germany’s biggest auto industry lobby says the U.S. decision to explore raising tariffs on imported cars comes as no surprise, but says its members...


Business

Feds: Uber self-driving SUV saw pedestrian; did not brake

Uber-Autonomous Vehicle

DETROIT (AP) — The autonomous Uber SUV that struck and killed an Arizona pedestrian in March spotted the woman about six seconds before hitting her, but did not stop because the system used to automatically apply brakes in potentially dangerous situations had been disabled, according to federal...


Business

Trump administration explores tariffs on autos, auto parts

Trump

WASHINGTON (AP) — The Trump administration launched an investigation into whether tariffs are needed on the imports of automobiles into the United States, moving swiftly as talks over the North American Free Trade Agreement have stalled. President Donald Trump predicted earlier that U.S. automakers...


Business

Protests worldwide against US idea of auto import tariffs

China US Trade

BEIJING (AP) — China, Japan and the European Union condemned Thursday the Trump administration’s decision to launch an investigation into whether tariffs are needed on imports of vehicles and automotive parts into the United States. President Donald Trump invoked a provision authorizing the...


World

CEO, board members quit Russian metals giant amid sanctions

MOSCOW (AP) — Russian aluminum maker Rusal says its CEO and seven board members have quit, a move that comes as the company struggles to survive U.S. sanctions. U.S. has hit Rusal and its major shareholder, billionaire Oleg Deripaska, with sanctions cutting the company off from international...


Business

AP Top Business News at 10:58 a.m. EDT

Trump administration explores tariffs on autos, auto parts The Latest: German automakers concerned by US tariff move Feds: Uber self-driving SUV saw pedestrian; did not brake CEO, board members quit Russian metals giant amid sanctions Protests worldwide against US idea of auto import tariffs...


Business

China's Tencent: Tech world must tackle privacy concerns

France China Tencent

PARIS (AP) — China’s biggest tech company says the industry needs to tackle users’ privacy concerns and the risks posed by advancing technologies. Seng Yee Lau, senior executive vice president of Tencent, also argues that companies and governments must invest more in education, to reduce...


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