Government business and finance

August 01, 2018 - 6:11 am
BEIJING (AP) — China's government warned Wednesday it will retaliate if Washington imposes new trade penalties, following a report the Trump administration will propose increasing the tariff rate on an additional $200 billion of Chinese imports. A foreign ministry spokesman, Geng Shuang, said...
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August 01, 2018 - 5:39 am
BERLIN (AP) — Germany's government has initiated legislation that would make online retailers liable for sales tax that isn't paid by vendors based outside the country. The Cabinet on Wednesday approved the bill, which requires parliamentary approval and is slated to take effect Jan. 1. It aims to...
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FILE - In this March 17, 2011, file photo, cans of Coca-Cola and Diet Coke sit in a cooler at a deli in Portland, Ore. Items ranging from canned beverages to airline tickets will likely get more expensive, companies warn, as they face higher costs. Procter & Gamble, one of the biggest makers of consumer products, said Tuesday, July 31, 2018, that Pampers prices will increase by an average of 4 percent in North America, while the Bounty, Charmin and Puffs brands could see 5 percent increases. (AP Photo, File)
August 01, 2018 - 3:12 am
The price of a can of Coca-Cola? Likely going up. A package of Pampers? That too. Plane tickets? They also may be more expensive. These items and more may cost more in the coming months as people start feeling the effects of higher fuel prices and raw-material costs as well as a range of tariffs...
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An investor sits in front of private stock trading boards at a private stock market gallery in Kuala Lumpur, Wednesday, Aug. 1, 2018. Asian markets were mixed on Wednesday as traders were unsure if reported efforts by the U.S. and China to restart trade talks would bear fruit. (AP Photo/Vincent Thian)
August 01, 2018 - 2:49 am
SINGAPORE (AP) — Asian shares are mixed as U.S. plans to raise tariffs on $200 billion of Chinese imports and weaker-than-expected manufacturing data weighed on sentiment. KEEPING SCORE: Japan's Nikkei 225 index rose 0.9 percent to 22,746.70 and South Korea's Kospi added 0.5 percent to 2,307.02 on...
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FILE - This Wednesday, Aug. 2, 2017, file photo shows the Federal Reserve Building on Constitution Avenue in Washington. The Federal Reserve is likely to point to strong growth in the economy, low unemployment and rising inflation as reasons to keep on its current path of gradually raising interest rates. The Fed's statement at the end of its two-day meeting will be released Wednesday afternoon, Aug. 1, 2018, in the form of a brief policy statement. (AP Photo/Pablo Martinez Monsivais, File)
August 01, 2018 - 1:17 am
WASHINGTON (AP) — When the Federal Reserve wraps up its latest meeting, it will likely point to strong economic growth, low unemployment and rising inflation as reasons to stay on a path of gradually lifting interest rates. It is unlikely, however, to make any interest rate moves Wednesday. The Fed...
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This courtroom sketch depicts Paul Manafort, seated right row second from right, together with his lawyers, the jury, seated left, and the U.S. District Court Judge T.S. Ellis III, back center, listening to Assistant U.S. Attorney Uzo Asonye, standing, during opening arguments in the trial of President Donald Trump's former campaign chairman Manafort's on tax evasion and bank fraud charges. (Dana Verkouteren via AP)
July 31, 2018 - 8:56 pm
ALEXANDRIA, Va. (AP) — Paul Manafort orchestrated a multimillion-dollar conspiracy to evade U.S. tax and banking laws, leaving behind a trail of lies as he lived a lavish lifestyle, prosecutors said Tuesday as they laid out their case against the former Trump campaign chairman. Prosecutor Uzo...
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FILE - This May 8, 2008, file photo shows blank checks on an idle press at the Philadelphia Regional Financial Center, which disburses payments on behalf of federal agencies, in Philadelphia. Congressional auditors say about 30 million people will have to come up with more money to pay their taxes next year because their employers withheld too little from their paychecks under government tables keyed to the new tax law. New tax withholding tables for employers were put together by the government early 2018. (AP Photo/Matt Rourke, File)
July 31, 2018 - 8:53 pm
WASHINGTON (AP) — Congressional auditors say about 30 million people — 21 percent of U.S. taxpayers — will have to come up with more money to pay their 2018 taxes next year because their employers withheld too little from their paychecks under government tables keyed to the new tax law. New tax...
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July 31, 2018 - 5:37 pm
ATLANTA (AP) — While running in the Republican primary for Georgia governor, Brian Kemp was "unequivocally opposed" to a proposed sales tax exemption on jet fuel that would have saved Delta Air Lines, one of the state's largest employers, millions of dollars per year. Now as the GOP nominee for...
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FILE - In this June 27, 2018, file photo President Donald Trump hugs Senate candidate Rep. Kevin Cramer, R-N.D., during a campaign rally in Fargo, N.D. The conservative Koch brothers' network declared July 30, that it will not help elect Cramer, the Republican Senate candidate in North Dakota, turning its back on the GOP in a marquee election — at least for now — after determining that the Republican challenger is no better than the Democratic incumbent Heidi Heitkamp.(AP Photo/Evan Vucci, File)
July 31, 2018 - 5:27 pm
NEW YORK (AP) — The war of words intensified between two titans in Republican politics on Tuesday as President Donald Trump trashed the conservative billionaire Koch brothers as a "total joke in real Republican circles." The presidential insult followed a weekend gathering of Koch officials who...
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July 31, 2018 - 2:25 pm
WASHINGTON (AP) — The Senate voted Tuesday to extend for four months the program that provides flood insurance for nearly 5 million homeowners and business owners. The bill's passage by an 86-12 vote averts a scenario in which people living in coastal communities would have been unable to renew...
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