Economy

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IMF says Gulf Arab states may deplete oil savings in 15 years

By Jon Gambrell, Associated Press

An IMF report released on Thursday points to worries about climate change and supply from new competitors as something that will continue to dampen global oil prices.

Trump administration moves ahead on shrinking Utah monuments

By Brady McCombs, Associated Press

The plans ensure lands previously off-limits to energy development will be open to mining and drilling despite pending lawsuits. …

Factory farms provide abundant food, but environment suffers

By John Flesher, Associated Press

An industry once based on small, independent farms is evolving into large operations housing thousands of animals under one roof. The change is helping make beef, poultry and pork more affordable. But animal waste from the mega-farms has fouled waters.

European Central Bank chief warns there's little room to combat a recession

By Associated Press

Interest rates and inflation are already low, meaning there is less room to reduce rates further and make credit cheaper to support business activity.

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.