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ECB seen expanding stimulus amid Trump, Italy uncertainties

David McHugh and Pan Pylas, Associated Press  |  Posted  Dec 7th - 7:10am

Faced with weak growth and inflation across the 19-country eurozone, the European Central Bank is expected to extend its stimulus program for at least another six months when it concludes its latest policy meeting on Thursday.

Nobel economics laureate Hart worried about Trump's plans

The Associated Press  |  Posted  Dec 7th - 6:40am

Nobel economics prize laureate Oliver Hart says he's not impressed by President-elect Donald Trump's plans for the U.S. economy.

Innovation or a monopoly? AT&T, Time Warner go before Senate

Marcy Gordon, Associated Press  |  Posted  Dec 7th - 6:40am

The CEOs of AT&T and Time Warner are heading to Capitol Hill in a bid to convince senators that a merger of their two companies will mean innovative new experiences for consumers.

Pfizer fined for hiking epilepsy drug price 2,600 pct in UK

Danica Kirka, Associated Press  |  Posted  Dec 7th - 6:30am

British regulators fined U.S. drugmaker Pfizer and distributor Flynn Pharma a record 89.4 million pounds ($112.7 million) Wednesday for increasing the cost of an epilepsy drug by as much as 2,600 percent.

Nigeria, Morocco agree to build natural gas pipeline

The Associated Press  |  Posted  Dec 7th - 6:21am

Nigeria and Morocco say they have agreed to build a pipeline to carry Nigerian natural gas to North Africa and Europe in a major initiative to boost energy production and create industrial hubs to attract foreign investment.

Trump promises to heal divisions, plans visit to Ohio State

Jonathan Lemire, Associated Press  |  Posted  Dec 7th - 6:02am

President-elect Donald Trump promised to "heal our divisions and unify our country" as he prepares to meet with some of the victims of last week's car-and-knife attack at Ohio State University.

Libyan militias launch assault on vital oil terminals

The Associated Press  |  Posted  Dec 7th - 5:50am

Libyan militias that were expelled from the eastern city of Benghazi are now advancing toward the country's vital oil terminals, seeking to establish control over Libya's primary revenue source.

Huffington Post names founder Arianna Huffington's successor

The Associated Press  |  Posted  Dec 7th - 5:32am

The Huffington Post has tapped New York Times editor Lydia Polgreen to succeed founder Arianna Huffington as its editor-in-chief.

Global stocks mostly higher on telecoms news, stimulus hopes

Yuri Kageyama, Associated Press  |  Posted  Dec 7th - 5:22am

Global stock markets rose Wednesday amid optimism about the telecommunications industry and as investors expect more central bank stimulus in the eurozone.

Iran moves to change its currency unit back to the toman

The Associated Press  |  Posted  Dec 7th - 5:10am

Iran's official IRNA news agency says that President Hassan Rouhani's administration is proposing changing the name and denomination of the country's currency.

Study: Thousands of Bangladesh kids working 64 hours a week

Julhas Alam, Associated Press  |  Posted  Dec 7th - 4:11am

Thousands of Bangladeshi children who live in the capital's slums are working illegally for an average of 64 hours a week, with many employed by the garment industry making clothing for top global brands, according to a report released Wednesday.

Alibaba, China Mobile announce development partnership

The Associated Press  |  Posted  Dec 7th - 4:00am

Chinese e-commerce giant Alibaba and the country's biggest phone carrier, China Mobile, announced a partnership Wednesday to develop internet-related services as web users migrate to mobile devices.

Japan mercury-poisoning victims demand tests, 60 years later

Yuri Kageyama, Associated Press  |  Posted  Dec 7th - 3:52am

Six decades after "Minamata disease" mercury poisoning was first discovered, victims and their advocates are demanding tests for food toxicity and illnesses be carried out to help identify patients.

Greek journalists on 24-hour strike to protest austerity

The Associated Press  |  Posted  Dec 7th - 3:40am

Greek journalists are striking to protest austerity measures, pulling all television and radio news broadcasts off the air a day before a nationwide general strike expected to shut down services across the country.

Study: 'Obamacare' repeal-only would make 30M uninsured

Ricardo Alonso-Zaldivar, Associated Press  |  Posted  Dec 7th - 3:20am

Repealing President Barack Obama's health care law without a clear replacement risks making nearly 30 million people uninsured, according to a study released Wednesday.

Hungary leaves anti-corruption group that criticized it

The Associated Press  |  Posted  Dec 7th - 3:10am

The Hungarian government says it is pulling out of an international initiative to promote transparency and fight corruption because of the group's unfair criticism of the country.

China fines Medtronic $17 million on anti-monopoly charges

The Associated Press  |  Posted  Dec 7th - 2:11am

Medical device maker Medtronic has been fined $17 million by Chinese anti-monopoly regulators in the latest effort by Beijing to force down what it sees as unreasonably high prices.

Japan's deal maker, Softbank tycoon Masayoshi Son

Elaine Kurtenbach, Associated Press  |  Posted  Dec 7th - 2:10am

Japanese billionaire Masayoshi Son, who met with President-elect Donald Trump and then announced plans to create 50,000 jobs and invest $50 billion in U.S. startups, has been one of Japan's most aggressive overseas investors for over two decades. He's getting an early start on deal-making with the future president.

German industrial production up only slightly in October

The Associated Press  |  Posted  Dec 7th - 1:40am

German industrial production rose more weakly than expected in October following a significant decline the previous month.