Economy

In this Friday, Feb. 14, 2020 photo, a truck leaves the docks at PortMiami in Miami. On Thursday, Feb. 27, the Commerce Department issues the second estimate of how the U.S. economy performed in the fourth quarter. (AP Photo/Wilfredo Lee)
Associated Press
February 27, 2020 - 7:41 am
WASHINGTON (AP) — The U.S. economy grew at an annual rate of 2.1% in the final quarter of last year, but damage from the spreading coronavirus is likely depressing growth in the current quarter and for 2020 as a whole. The Commerce Department said Thursday that the overall pace of growth in the...
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People walk past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Thursday, Feb. 27, 2020. Shares fell in Asia on Thursday after President Donald Trump announced the U.S. was stepping up its efforts to combat the virus outbreak that began in China. (AP Photo/Kin Cheung)
February 27, 2020 - 6:33 am
Global stock markets fell Thursday on concerns that the coronavirus was spreading to more countries, putting further strain on businesses and supply chains across the world. In Europe, where new cases were being reported, Germany's DAX lost 2.2% to 12,496 and the CAC 40 in Paris dropped 2.3% to 5,...
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President Donald Trump with members of the president's coronavirus task force speaks during a news conference at the Brady press briefing room of the White House, Wednesday, Feb. 26, 2020, in Washington. (AP Photo/Manuel Balce Ceneta)
February 27, 2020 - 5:04 am
WASHINGTON (AP) — President Donald Trump faces a critical personal challenge in grappling with the new coronavirus outbreak: asking Americans to believe him after he and some of his top advisers have contradicted federal scientists in playing down the threat. Keenly aware of the stakes not just for...
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A worker in overalls screen for fever at the entrance to a supermarket in Beijing Thursday, Feb. 27, 2020. South Korea and China each reported hundreds more virus cases Thursday as the new illness persists in the worst-hit areas and spreads beyond borders. (AP Photo/Ng Han Guan)
February 27, 2020 - 4:49 am
BEIJING (AP) — Small, mostly private companies that are the engine of China’s economy are back to operating at one-third of normal levels after anti-virus controls shut factories, shops and restaurants, regulators said Thursday, and they promised more low-cost loans and other aid. The ruling...
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In this photo issued by UK parliament, Prime Minister Boris Johnson, 3rd from right, during the weekly Prime Minister's Questions at the House of Commons in London, Wednesday Feb. 26, 2020. Chancellor of the Exchequer Rishi Sunak, 2nd right, and Home Secretary Priti Patel, left. (Jessica Taylor/House of Commons via AP)
February 27, 2020 - 4:48 am
LONDON (AP) — Britain published its opening demands for trade talks with the European Union on Thursday, delivering a blunt threat to walk away from the table if there is no progress within four months. The two sides appear headed for a rocky first round of negotiations as they try to forge a new...
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People walk past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Thursday, Feb. 27, 2020. Shares fell in Asia on Thursday after President Donald Trump announced the U.S. was stepping up its efforts to combat the virus outbreak that began in China. (AP Photo/Kin Cheung)
February 26, 2020 - 10:54 pm
Shares fell in Asia on Thursday after President Donald Trump announced the U.S. was stepping up its efforts to combat the virus outbreak that began in China. Japan's Nikkei 225 index lost 2.1% to 21,951.78, while in Australia, the S&P ASX/200 dropped 0.8% to 6,653.50. In South Korea, where 334...
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A nurse cares for patients in a ward dedicated for people infected with the coronavirus, at Forqani Hospital in Qom, 78 miles (125 kilometers) south of the capital Tehran, Iran, Wednesday, Feb. 26, 2020. Iran's president said Wednesday, that Tehran has no immediate plans to quarantine cities over the new coronavirus rapidly spreading across the country, even as the Islamic Republic suffers the highest death toll outside of China with 19 killed amid 139 cases confirmed on Wednesday. (Mohammad Mohsenzadeh/Mizan News Agency via AP )
February 26, 2020 - 11:37 am
DUBAI, United Arab Emirates (AP) — Iran girded Wednesday for a long battle against the coronavirus that is spreading rapidly across the country and the wider Middle East, even though officials in the Islamic Republic had earlier minimized the outbreak that has now killed 19 people, the highest toll...
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February 26, 2020 - 7:10 am
FRANKFURT, Germany (AP) — Ratings agency Moody's is lowering its forecast for global auto sales because of the new coronavirus outbreak. It now reckons that sales will decline 2.5% decline in 2020 instead of only 0.9%. This year's anticipated decline follows a fall in 2019 of 4.6%. Moody's said in...
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Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Feb. 26, 2020. Asian shares slid Wednesday following another sharp fall on Wall Street as fears spread that the growing virus outbreak will put the brakes on the global economy.(AP Photo/Ahn Young-joon)
February 26, 2020 - 7:02 am
LONDON (AP) — Global shares fell sharply once again Wednesday as fears over the speed of the new coronavirus around the world accentuated. With the spread around Europe gathering pace — Greece became the latest country to reveal its first case — investors are getting increasingly concerned about...
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