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Japan’s economy slows to six year low, stocks fall

SYDNEY, Australia – Shares in Japan sank on Monday as the country’s economy recorded its slowest quarterly growth in six years. The Japanese economy in the December quarter was the

Business

163-year old giant U.S. newspaper publisher files for bankruptcy

SACRAMENTO, California – McClatchy newspapers on Thursday filed for bankruptcy in an attempt to restructure its business. The company’s first newspaper was launched 163 years ago this month, on February

Business

U.S. stocks make solid gains, euro drops to 4-month low

NEW YORK, New York – U.S. stock markets shrugged off global concerns about the spreading coronavirus, with the major indices all making solid gains. Elsewhere in the world stocks sank,

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Another triumph for Trump January employment figures soar

WASHINGTON, DC – As if things couldn’t get better for U.S. President Donald Trump. After his State of the Union address when he boasted the U.S. economy is the best

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Texting could boost pedestrian deaths, now running at 270,000 a year

WASHINGTON, DC – A recent study links smartphone texting to compromised pedestrian safety. A pooled analysis of available evidence includes observing higher rates of failure to look left and right

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Sellers swamp Wall Street as economy sputters, Dow drops 603 points

NEW YORK, New York – U.S. stocks sank on Friday as continuing poor economic data stoked concerns about the longevity of the strength of the U.S. economy. Commerce Department data

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U.S. and global stocks recover some lost ground Tuesday

NEW YORK, New York – U.S. stocks were mostly higher on Tuesday after sharp falls on Monday. Stocks rebounded across the globe as profit-takers took advantage of the major losses

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Dublin Airport contributing nearly 10 billion euro to Irish economy

DUBLIN, Ireland – The importance of the tourism industry to Ireland has been highlighted in a report which has examined the impact of Dublin Airport on the Irish economy. The

Business

Stocks in Asia recover from coronavirus scare

SYDNEY, Australia – Stocks in Asia rebounded on Wednesday, clawing back some of the extensive losses of a day earlier. The coronavirus scare reached stock markets globally on Tuesday, sparking

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Raytheon lands lucrative $442 million U.S. military contract

WASHINGTON, DC – The Pentagon on Thursday awarded more than half-a-billion dollars in defense contracts. With around 0.53 cents in every $1 of U.S. taxation going on military spending, and

Business

Trade hopes underpin modest gains on Wall Street

NEW YORK, New York – U.S. stocks rallied on Wednesday after the long-anticipated China-U.S. trade deal, or at least part of it, was finally finalized. U.S. President Donald Trump and

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Australian stocks hit record high, Nikkei 225 jumps 535 points

SYDNEY, NSW, Australia – Despite raging bushfires, it is business as usual on Australian stock markets with the benchmark All Ordinaries index on Thursday hitting an all-time high. The big

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Cyrus Mistry gives up quest for directorships of Tata Sons

NEW DELHI, India – Cyrus Mistry on Sunday said that he will not be pursuing the executive chairmanship of Tata Sons or directorship of TCS, Tata Teleservices or Tata Industries,

Business

Wall Street kicks off 2020 with bang

NEW YORK, New York – U.S. stocks rose sharply on Thursday, the first day of trading of the New Year. The U.S. dollar too sparked a comeback, clawing back recent

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Chinese stocks trend higher Monday

SYDNEY, Australia – Chinese equity markets rose on Monday in thin holiday trading. It was a different story however in Japan and Australia where stocks fell. The U.S. dollar remained

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Washington has Silicon Valley in its sights

SAN FRANCISCO, California – The era of Silicon Valley operating largely free from government regulation may be coming to an end. In 2019, lawmakers grilled tech executives at multiple hearings

Business

New records broken on Wall Street as stocks surge

NEW YORK, New York – U.S. stocks rallied on Monday, pushing the major indices to new record highs. Weekend reports that U.S. President Donald Trump had remarked that the first

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BMW reaches sales milestone of 500,000 electric cars

MUNICH, Germany – BMW has delivered half a million electrified cars to customers worldwide, the company said in a statement Thursday. “Half a million vehicles is the best proof: Our

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Boeing to suspend production of 737s next month

CHICAGO, Illinois – Boeing is to suspend production of its 737 planes as of next month. The announcement came Monday in a statement from the company which said safely returning

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U.S. stocks climb again as trade deal with China is announced

NEW YORK, New York – U.S. stocks rose again Friday after momentous gains a day earlier. Gains on Friday however were modest. Investors on Thursday reacted to reports that the

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U.S. stocks ease ahead of new tariffs on Chinese goods

NEW YORK, New York – The looming U.S. tariffs proposed to be implemented on Sunday continued to keep buyers at bay on Wall Street on Tuesday. “I don’t think that

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Strong jobs report lifts U.S. stock markets

NEW YORK, New York – A robust jobs market in the U.S. may help the country avoid a recession. Figures released Friday indicated growth in employment numbers rose in November

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Australian stocks fall heavily again

SYDNEY, Australia – Australian stocks continued to be sold off on Wednesday, a day after losing $47 billion of their value in the biggest one-day fall in four months. The

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Philippines energy project to move to second stage of exploration

TABUK, Kalinga – The Kalinga Geothermal Project (KGP) is on track to complete the exploration phase with the drilling of two slimhole wells. The Department of Energy (DOE) awarded the

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Thanksgiving comes early to Wall Street, indices hit new record highs

NEW YORK, New York – All the major indices in the U.S. put in record-breaking performances for the third day in a row on Wednesday. The U.S. Federal Reserve’s Beige