Government business and finance

August 16, 2018 - 7:32 am
KUALA LUMPUR, Malaysia (AP) — Malaysia's new government on Thursday repealed a widely criticized law prohibiting "fake news," in a move hailed as a landmark moment for human rights by a group of Southeast Asian lawmakers. The bill was passed in April under former Prime Minister Najib Razak despite...
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In this June 14, 2018, photo, ducks swim underneath the solar panels built on a duck farm in Binzhou in east China's Shandong province. China says it is challenging a U.S. tariff hike on solar panels before the World Trade Organization, adding to its sprawling conflicts with President Donald Trump over trade and technology. (Chinatopix via AP)
August 15, 2018 - 11:16 pm
BEIJING (AP) — China is sending a trade envoy to Washington in a renewed effort to end a worsening tariff dispute that has raised worries it will chill global economic growth. The delegation led by a deputy commerce minister will visit in late August to discuss "issues of mutual concern," the...
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Congressman Kevin McCarthy, R-Bakersfield, answers questions during an event with the Public Policy Institute of California in Sacramento on Wednesday, Aug. 15, 2018. (Renee C. Byer/The Sacramento Bee via AP)
August 15, 2018 - 7:36 pm
SACRAMENTO, Calif. (AP) — House Majority Leader Kevin McCarthy blasted his home state of California as out of touch Wednesday, criticizing leaders for increasing the gas tax and failing to get a handle on long lines at the Department of Motor Vehicles. At the same time, the Republican defended the...
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August 15, 2018 - 6:53 pm
SAN FRANCISCO (AP) — Government regulators have subpoenaed Tesla as they dig deeper into CEO Elon Musk's recent disclosure about a potential buyout of the electric car maker, according to media reports. The subpoena from the Securities and Exchange Commission demands information from each of Tesla'...
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People change money at a currency exchange shop in Istanbul, Wednesday, Aug. 15, 2018. The Turkish lira currency has nosedived in value in the past week over concerns about Turkey's President Recep Tayyip Erdogan's economic policies and after the United States slapped sanctions on Turkey angered by the continued detention of an American pastor. (AP Photo/Lefteris Pitarakis)
August 15, 2018 - 12:17 pm
ANKARA, Turkey (AP) — Turkey said Wednesday it is increasing tariffs on some U.S. products like cars, alcohol, and coal — a move that is unlikely to have much economic impact but highlights the deteriorating relations with the U.S. in a feud that has already helped trigger a currency crisis . The...
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August 15, 2018 - 11:38 am
WASHINGTON (AP) — The Trump administration is imposing sanctions on three foreign companies it says are helping North Korea with illicit shipments of goods to fund its nuclear program. The Treasury Department said Wednesday it was taking action against the companies, which are based in China,...
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FILE - In this Friday, May 4, 2018 file photo, Turkey's President Recep Tayyip Erdogan, center, looks at his phone during a ceremony in Istanbul. Erdogan said Tuesday, Aug. 18, 2018, that his country will boycott U.S.-made electronic goods amid a diplomatic spat that has helped trigger a Turkish currency crisis. Showing no signs of backing down in the standoff, Erdogan suggested that Turkey would stop procuring U.S.-made Iphones and buy Korean Samsung or Turkish-made Vestel instead. (AP Photo/Lefteris Pitarakis, File)
August 15, 2018 - 8:56 am
ANKARA, Turkey (AP) — The Latest on Turkey's currency crisis (all times local): 3:55 p.m. Amnesty International says a court in Istanbul has ruled for the release from prison of the rights group's former Turkey chairman. The decision to release Taner Kilic on Wednesday came a day after a Turkish...
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People walk past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Wednesday, Aug. 15, 2018. Shares were mostly lower in Asia early Wednesday despite a rally overnight on Wall Street as investors' jitters over the Turkish currency crisis eased.(AP Photo/Vincent Yu)
August 15, 2018 - 4:28 am
BANGKOK (AP) — Shares were mixed Wednesday after Turkey announced it was increasing tariffs on imports of some U.S. products, escalating a feud with the United States that has helped trigger a currency crisis. KEEPING SCORE: Germany's DAX rose 0.3 percent to 12,392.13 and in France, the CAC 40...
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In this Monday, Aug. 13, 2018, photo, a man walks by a poster depicting a mural of U.S. President Donald Trump stating that all American costumers will be charged 25 percent more than others starting from the day president Trump started the trade war against China, on display outside a restaurant in Guangzhou in south China's Guangdong province. The recent trade war between the world's two biggest economies has forced many multinational companies to reschedule purchases and rethink where they buy materials and parts to try to dodge or blunt the effects of tit-for-tat tariffs between Washington and Beijing. (Color China Photo via AP)
August 15, 2018 - 1:56 am
BEIJING (AP) — China says it is challenging a U.S. tariff hike on solar panels before the World Trade Organization, adding to its sprawling conflicts with President Donald Trump over trade and technology. The 30 percent tariffs announced in January improperly help U.S. producers in violation of WTO...
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Turkey's President Recep Tayyip Erdogan, gestures as he delivers a speech to Turkish ambassadors at the Presidential Palace in Turkey, Monday, Aug. 13, 2018. Erdogan says his country is under an economic "siege" that has nothing to do with its economic indicators. He insisted that Turkey's economic dynamic remain strong and said the Turkish currency would soon settle "at the most reasonable level." (Pool Photo via AP)
August 14, 2018 - 6:41 am
ANKARA, Turkey (AP) — The Latest on Turkey's currency crisis (all times local): 1:40 p.m. The lawyer representing an American pastor held in Turkey has renewed an appeal for his release from house arrest. State-run Anadolu Agency says the lawyer on Tuesday also appealed to a court to lift a travel...
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