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Headlines from the Associated Press

Headlines from the Associated Press

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UK retail sales sink 1.5 percent in holiday shopping month

Fri, 19 Jan 2018 09:53:11 GMT2018-01-19T09:53:11Z

LONDON (AP) -- Official figures show that retail sales in Britain sank in the holiday shopping month of December as higher prices squeeze consumers' spending power....

Exports, consumers drive China's 6.9 percent growth in 2017

Thu, 18 Jan 2018 10:18:12 GMT2018-01-18T10:18:12Z

HONG KONG (AP) -- China's economy gained steam in 2017, expanding at a 6.9 percent pace in 2017 in its first annual increase in seven years, according to data released Thursday that exceeded economists' forecasts and the government's target....

Trump claims credit for what is still mostly Obama's economy

Wed, 17 Jan 2018 19:15:36 GMT2018-01-17T19:15:36Z

WASHINGTON (AP) -- President Donald Trump relentlessly congratulates himself for the healthy state of the U.S. economy, with its steady growth, low unemployment, busier factories and confident consumers....

Russian government considers boost to social spending

Tue, 16 Jan 2018 14:21:18 GMT2018-01-16T14:21:18Z

MOSCOW (AP) -- Russian President Vladimir Putin's economic adviser says the government is considering a possible boost in social spending....

Race is on for succession to Europe's top economic posts

Tue, 16 Jan 2018 13:00:58 GMT2018-01-16T13:00:58Z

FRANKFURT, Germany (AP) -- Europe is preparing to find successors for many of its most powerful economic officials, including the influential head of the European Central Bank. Those chosen will make decisions affecting the jobs, savings and pay of 340 million people living in the 19 countries that share the euro....

UK inflation dips for first time since June

Tue, 16 Jan 2018 10:09:18 GMT2018-01-16T10:09:18Z

LONDON (AP) -- The inflation rate in Britain dipped in December for the first time in six months, partly due to a fall in the price of games and toys in the run-up to Christmas, official figures showed Tuesday....

Despite merry holidays, retailers face challenges in 2018

Fri, 12 Jan 2018 21:13:32 GMT2018-01-12T21:13:32Z

NEW YORK (AP) -- Retailers are riding high after ebullient U.S. consumers shopped at the healthiest pace in more than a decade over the holiday season. But merchants can't afford to rest easy....

Investors cheer German deal, but some bemoan lack of vision

Fri, 12 Jan 2018 17:32:08 GMT2018-01-12T17:32:08Z

FRANKFURT, Germany (AP) -- Hopes for a new government in Germany sent the euro and markets higher Friday on relief that the Europe's biggest economy might soon get stable leadership. But it left some economists and business lobbyists saying it offers too little to support the country's prosperity over the longer term....

Holiday gift for retailers; sales up a solid 0.4 percent

Fri, 12 Jan 2018 13:47:24 GMT2018-01-12T13:47:24Z

WASHINGTON (AP) -- U.S. consumers shopped at stores and online outlets at a solid pace in December, closing out a healthy holiday season for retailers....

European Central Bank looks to review stimulus duration

Thu, 11 Jan 2018 16:40:05 GMT2018-01-11T16:40:05Z

FRANKFURT, Germany (AP) -- Top officials at the European Central Bank may revise the outlook for their massive monetary stimulus program early this year, according to an account of their last meeting....