Economy

Filter

Global tourism takes major hit as virus halts Chinese travel

By Dee-Ann Durbin, Associated Press

Thirty airlines have suspended service to China and 25,000 flights were cancelled this week alone.

YouTube, Venmo demand AI firm stop taking facial data from sites

By Matt O'Brien, Associated Press

The companies have been sending cease-and-desist letters to New York-based Clearview AI, which works with law enforcement agencies.

U.S. trade deficit falls for 1st time in 6 years

By Paul Wiseman, Associated Press

The Commerce Department said Wednesday that the gap between what the United States sells and what it buys abroad fell 1.7% last year to $616.8 billion.

Trump is betting on the economy. Is it enough to win reelection?

By Gretchen Frazee

Analyses of past elections show that an improving economy gives incumbent presidents like Trump a distinct advantage.

Threats to indigenous lands highlight Brazil’s environmental woes

By Mauricio Savarese, Associated Press

People in the tribe rushed to the site, at the base of Sao Paulo's Jaraguá Peak, as soon as they heard chainsaws toppling trees on Jan. 30.

Macy’s to close 125 stores, shed 2,000 corporate jobs

By Anne D'Innocenzio, Associated Press

The store closures represent about one fifth of Macy's current total. They didn't specify how many jobs would be lost at the shuttered stores.

How China’s novel coronavirus outbreak is disrupting the global supply chain

The spread of novel coronavirus in China has focused great attention on public health in that country and around the world. But the outbreak is also having a major economic impact, with quarantines imposed, flights suspended and factories shuttered. William…

Continue watching

Twitter to label altered media and remove if it may cause harm

By Barbara Ortutay, Associated Press

Twitter will begin to label and in some cases remove doctored or manipulated photos, audio and videos that are designed to mislead people.

The clock is ticking for companies that depend on China imports

By Paul Wiseman, Anne D'Innocenzio, Associated Press

If much of industrial China remains on lockdown for the next few weeks — a very real possibility — Western retailers, auto companies and manufacturers that depend on Chinese imports will start to run out of the goods they depend…

Royal Caribbean cancels cruises to avoid spread of novel coronavirus

By Michelle Chapman, Associated Press

CEO Richard Fain said Royal Caribbean will likely have to cancel more sailings in the future and that the outbreak will likely impact future bookings in China.