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ECB leaves interest rates, stimulus program unchanged

The Associated Press  |  Posted  Jan 19th - 5:50am

The European Central Bank has left its key interest rates and stimulus programs untouched, with President Mario Draghi due to explain Thursday why the bank is keeping its measures in place despite improved inflation and growth.

World stocks slip as investors eye European Central Bank

Elaine Kurtenbach, Associated Press  |  Posted  Jan 19th - 5:40am

World stocks were mostly lower Thursday ahead of comments from the European Central Bank's president and after Federal Reserve chair Janet Yellen signaled more interest rate increases in the months to come.

S. Koreans' ties with Samsung are lifelong, often conflicted

Youkyung Lee and Foster Klug, Associated Press  |  Posted  Jan 19th - 5:30am

The family smartphones? An assortment of Samsung Galaxies. The flat-screen TV that illuminates the living room? A Samsung SUHD, with the brand name sparkling on the nameplate. The maker of the digital toilet seat? You guessed it: Samsung.

German anti-trust case against Audible, Apple dropped

The Associated Press  |  Posted  Jan 19th - 5:20am

Germany's anti-trust agency says it's dropping its investigation of Amazon subsidiary Audible and Apple after the two companies agreed to end exclusivity deals for audiobook supply and distribution.

Boost for Dutch ruling coalition as unemployment falls

The Associated Press  |  Posted  Jan 19th - 5:11am

The number of people registered as unemployed in the Netherlands fell by more than 100,000 last year, the biggest drop in a decade, the government statistician announced Thursday.

Theresa May seeks to convince business of a 'global Britain'

Pan Pylas, Associated Press  |  Posted  Jan 19th - 4:50am

British Prime Minister Theresa May sought to convince business leaders Thursday that the country remains committed to free trade and globalization despite last year's vote to leave the European Union.

Beijing to spend $2.7 billion on cleaning capital's air

The Associated Press  |  Posted  Jan 19th - 4:32am

Beijing will spend $2.7 billion to fight air pollution in the capital this year, state media reported Thursday.

Cyprus' largest bank starts trading on London Stock Exchange

The Associated Press  |  Posted  Jan 19th - 4:31am

Cyprus' largest bank says its shares have started trading on the London Stock Exchange.

Spanish tourist towns post 1st snowfalls in decades

The Associated Press  |  Posted  Jan 19th - 4:31am

Officials have placed more than half of Spain's 50 provinces under alert for heavy snow and sleet storms, with southern tourist towns reporting their first snowfalls in decades.

Ex-VW CEO Winterkorn denies wrongdoing in emissions cheating

Geir Moulson, Associated Press  |  Posted  Jan 19th - 4:20am

Former Volkswagen CEO Martin Winterkorn denied early knowledge of the company's cheating on diesel emissions as he testified Thursday to a German parliamentary inquiry — his first major public appearance since he resigned in 2015.

Q&A: Nation's 1st marijuana club law shrouded in questions

Kristen Wyatt, Associated Press  |  Posted  Jan 19th - 4:10am

Denver has started work on the nation's first law allowing marijuana clubs and use in public places such as coffee shops or art galleries. But the details about what those pot clubs would look like are very much in the air. Here's what we know, and don't know, about the looming pot clubs headed to Denver:

Facebook to build its 3rd data center outside US in Denmark

The Associated Press  |  Posted  Jan 19th - 3:40am

Facebook will build a 56,500 square meter (608,161 square foot) data center in central Denmark, its third such center outside the United States.

Russian court rejects Yukos shareholder compensation

The Associated Press  |  Posted  Jan 19th - 2:51am

Russia's Constitutional Court says a European ruling to pay nearly 1.9 billion euros ($2 billion) in compensation to shareholders of the defunct Yukos oil company cannot be enforced.

China defends trade stance after Trump appointee's criticism

The Associated Press  |  Posted  Jan 19th - 2:51am

China's government defended itself Thursday as a supporter of free trade after U.S. President-elect Donald Trump's pick for commerce secretary criticized its tactics.

GOP governors who turned down Medicaid money have hands out

Thomas Beaumont, Associated Press  |  Posted  Jan 19th - 2:23am

Republican governors who turned down billions in federal dollars from an expansion of Medicaid under President Barack Obama's health care law now have their hands out in hopes the GOP Congress comes up with a new formula to provide insurance for low-income Americans.

Global oil production dropping as OPEC cuts kick in

The Associated Press  |  Posted  Jan 19th - 2:20am

The International Energy Agency says global oil output is dropping for the first time in months, as Saudi Arabia and other oil-producing countries follow through on pledged cuts aimed at lifting oil prices.

In Texas, Perry was 'all of the above' on energy production

Matthew Daly, Associated Press  |  Posted  Jan 19th - 2:13am

Rick Perry was for "all of the above" on energy production before President Barack Obama embraced the strategy.

Sales up at newly merged supermarket operator Ahold Delhaize

The Associated Press  |  Posted  Jan 19th - 2:10am

Ahold Delhaize, the recently merged Dutch-Belgian operator of U.S. supermarket chains including Stop & Shop and Giant, says its sales rose sharply to 15.1 billion euros ($16 billion) in the fourth quarter, thanks in part to a strong performance in the Netherlands.

Satellite tracking to keep tabs on airliners over oceans

Joan Lowy, Associated Press  |  Posted  Jan 19th - 2:03am

Nearly three years after a Malaysian airliner vanished, it's still possible, if unlikely, for a plane to disappear. But that's changing with new satellites that will soon allow flights to be tracked in real time over oceans.

Trump's Treasury pick facing criticism over foreclosures

Martin Crutsinger, Associated Press  |  Posted  Jan 19th - 2:00am

Donald Trump's pick to lead the Treasury Department, Stephen Mnuchin, built his reputation and his fortune as a savvy Wall Street investor. But one of those investments has put him in the crosshairs of Democrats as he heads into his confirmation hearing Thursday: sub-prime mortgage lender IndyMac bank.