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IMF boosts growth forecast for US, cites Trump impact

Martin Crutsinger, Associated Press  |  Posted  Jan 16th - 10:10am

The International Monetary Fund on Monday raised its forecast for the U.S. economy over the next two years, saying President-elect Donald Trump's policies should boost economic growth, particularly in 2018. But officials warned that if Trump's protectionist trade proposals set off a trade war, that could be "quite destructive" for the global economy.

Snow forces roof collapses at Treasure Valley onion plants

The Associated Press  |  Posted  Jan 16th - 9:51am

Severe weather and snow buildup has caused the roofs of about 18 onion storage and packing facilities to collapse in southwestern Idaho and eastern Oregon.

Report: Trucking firms using gadgets to cheat on emissions

The Associated Press  |  Posted  Jan 16th - 9:51am

German public broadcaster ZDF reports that trucking companies in Europe may be using electronic equipment to commit large-scale emissions fraud.

As robots take jobs, Europeans mull free money for all

John Leicester, Associated Press  |  Posted  Jan 16th - 9:41am

I am, therefore I'm paid.

Ford recalls more than 4,500 Kuga SUVs in South Africa

The Associated Press  |  Posted  Jan 16th - 9:32am

The South African unit of the Ford Motor Company says it is recalling 4,556 Kuga vehicles following several dozen reports of the car catching fire.

British pound sags ahead of prime minister's Brexit speech

Jill Lawless, Associated Press  |  Posted  Jan 16th - 9:30am

After months of repeating the mantra that "Brexit means Brexit," Prime Minister Theresa May is set to reveal details of Britain's closely guarded plans for leaving the European Union, in a speech that has already increased pressure on the beleaguered pound.

The Big Apple Circus puts its assets up for auction

The Associated Press  |  Posted  Jan 16th - 9:23am

The Big Apple Circus is up for sale.

Feds allege KleinBank used discriminatory lending practices

The Associated Press  |  Posted  Jan 16th - 9:20am

The U.S. Department of Justice has sued a Minnesota bank for allegedly engaging in mortgage lending practices that discriminate against minorities.

Trumping Trump? Democrat Cuomo courts 'middle-class anger'

David Klepper, Associated Press  |  Posted  Jan 16th - 9:11am

An ambitious Democratic governor with possible White House aspirations has a formula for staying blue in the time of Trump: Take your progressive message directly to angst-ridden middle-class voters.

EU nations react with surprise, defiance to Trump remarks

Kirsten Grieshaber and Raf Casert, Associated Press  |  Posted  Jan 16th - 9:10am

European Union nations reacted with surprise and defiance Monday to Donald Trump's comments that he believed NATO was "obsolete" and that more member states would leave the 28-nation EU.

States can offer a lesson as GOP proposes deep cut taxes

Christina A. Cassidy and Andrew Demillo, Associated Press  |  Posted  Jan 16th - 8:41am

President-elect Donald Trump and congressional Republicans who have pledged to cut federal taxes to boost the economy might consider looking first at lessons learned in GOP-controlled states that adopted similar strategies, only to see growth falter and budget gaps widen.

IMF raises China growth forecast but warns on debt

Joe McDonald, Associated Press  |  Posted  Jan 16th - 8:31am

The International Monetary Fund on Monday raised its growth forecast for China but warned rising debt that has prompted concern about the country's finances increase the risk of a sharper slowdown.

Global stocks, pound drop amid worries over Brexit

Yuri Kageyama, Associated Press  |  Posted  Jan 16th - 8:30am

Global stock markets and the pound fell on Monday amid worries that Britain will opt for a "hard exit" from the European Union in which it severs its access to the bloc's single market.

Piccadilly Circus signboard goes dark for digital overhaul

The Associated Press  |  Posted  Jan 16th - 8:30am

The lights have gone out at Piccadilly Circus.

Eyewear giant to emerge from tie-up of Luxottica, Essilor

The Associated Press  |  Posted  Jan 16th - 8:11am

A new European eyewear giant worth more than 50 billion euros ($52.5 billion) is set to emerge as Italy's Luxottica — owner of Ray-Ban and Oakley glasses — merges with French lens manufacturer Essilor.

Who are the 8 richest people? All men, mostly Americans

Carlo Piovano, Associated Press  |  Posted  Jan 16th - 8:00am

The eight individuals who own as much as half of the rest of the planet are all men, and have largely made their fortunes in technology. Most are American, with one European and one Mexican in the mix. Several have pledged to give it all to charity.

In Hanoi, Abe says Japan will provide Vietnam patrol vessels

Tran Van Minh, Associated Press  |  Posted  Jan 16th - 6:40am

Japan will provide Vietnam new patrol vessels, Japanese Prime Minister Shinzo Abe said Monday on the last stop of his four-nation tour to boost his country's trade and security engagements in Asia amid China's rising dominance.

Correction: Davos Forum story

The Associated Press  |  Posted  Jan 16th - 6:30am

In a story Jan. 15 about the World Economic Forum, The Associated Press erroneously reported John Drzik's title as president of the global insurance and risk management firm Marsh. His title is president of global risk and specialties at Marsh.

Saudi's Flynas to buy 80 Airbus A320neo planes in $8.6B deal

The Associated Press  |  Posted  Jan 16th - 5:40am

Airbus says it has agreed to sell a total of 80 A320neo planes to Saudi Arabian low-cost airline Flynas in a deal worth $8.6 billion.