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IMF raises China growth forecast but warns on debt

Joe McDonald, Associated Press  |  Posted  Jan 16th - 7:31am

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

IMF boosts growth forecast for US, cites Trump impact

Martin Crutsinger, Associated Press  |  Posted  Jan 16th - 7:13am

The International Monetary Fund is raising its forecast for the U.S. economy this year and in 2018, reflecting an expected boost from the economic policies of President-elect Donald Trump.

EU nations react with surprise, defiance to Trump remarks

Kirsten Grieshaber and Raf Casert, Associated Press  |  Posted  Jan 16th - 7:13am

European Union nations reacted with surprise and defiance Monday to comments by President-elect Donald Trump, who said in an interview that he believed NATO was "obsolete" and that more member states would leave the 28-nation EU.

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.

The Latest: Davos organizers urge shift in economic policy

The Associated Press  |  Posted  Jan 16th - 5:30am

The Latest on the World Economic Forum's annual meeting in the Swiss ski resort of Davos (all times local):

SKorea's Samsung in rough patch with arrest request, recalls

Youkyung Lee, Associated Press  |  Posted  Jan 16th - 4:20am

A request by South Korean prosecutors to arrest Lee Jae-yong, the 48-year-old vice chairman and de facto leader of Samsung Electronics, has added to the troubles for the country's most valuable company after a spate of recalls last year.

UN agency chiefs urge access for aid to civilians in Syria

Jamey Keaten, Associated Press  |  Posted  Jan 16th - 3:30am

The heads of major U.N. organizations on Monday called for access to civilians cut off from humanitarian aid in Syria, saying the world "must not stand silent" even though the high-profile siege of the Syrian city of Aleppo is over.

European eyewear giant in merger of Luxottica and Essilor

The Associated Press  |  Posted  Jan 16th - 3:30am

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

'One China principle' not negotiable, China tells Trump

Nomaan Merchant, Associated Press  |  Posted  Jan 16th - 3:10am

Responding to remarks by Donald Trump, China's Foreign Ministry on Monday said the country's "one-China principle" regarding Taiwan is not negotiable and any attempt to reconsider the issue would be self-defeating.

Stark inequality: Oxfam says 8 men as rich as half the world

Pan Pylas, Associated Press  |  Posted  Jan 16th - 2:51am

The gap between the super-rich and the poorest half of the global population is starker than previously thought, with just eight men, from Bill Gates to Michael Bloomberg, owning as much wealth as 3.6 billion people, according to an analysis by Oxfam released Monday.

Uganda confirms Avian flu in wild terns, domestic birds

Rodney Muhumuza, Associated Press  |  Posted  Jan 16th - 2:40am

Tests have confirmed that avian flu is responsible for the mass deaths of wild birds on the shores of Lake Victoria in Uganda, according to the government.

Global shares mostly lower amid worries over Brexit, Italy

Yuri Kageyama, Associated Press  |  Posted  Jan 16th - 2:20am

Global shares were mostly lower Monday amid worries about Britain's exit from the European Union and a downgrade of Italy's credit rating. Takata's shares fell in Tokyo after the air bag maker agreed to a guilty plea in the U.S. over massive recalls.

South Korea seeks arrest of Samsung scion in graft scandal

Youkyung Lee, Associated Press  |  Posted  Jan 16th - 2:20am

In a departure from the leniency typically given South Korean big businesses, prosecutors on Monday requested the arrest of the de facto head of Samsung Electronics, the country's most valuable company, in an influence-peddling scandal that has toppled the country's president.

Ivanka Trump to continue working on women's issues

Catherine Lucey, Associated Press  |  Posted  Jan 16th - 1:53am

She may not be working in the White House, but that doesn't mean Ivanka Trump is staying out of politics.

Revelers, rally-goers to clog DC for Trump's inauguration

Jessica Gresko, Associated Press  |  Posted  Jan 16th - 1:41am

Hundreds of thousands of people are expected to clog the nation's capital for Donald Trump's inauguration and a major demonstration the day after, but how many will actually arrive to party or protest is an open question.

Pakistani filmmaker first-ever artist to co-chair WEF

The Associated Press  |  Posted  Jan 16th - 1:10am

Pakistan's Academy Award-winning filmmaker Sharmeen Obaid Chinoy is about to become the first ever artist to co-chair the World Economic Forum.

Inauguration highlights Trump's infrastructure opportunities

Ben Nuckols, Associated Press  |  Posted  Jan 16th - 1:10am

As a candidate, Donald Trump said he wanted to make America's infrastructure great again. As president, he'll have plenty of ways to get started in his new hometown.