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EU budget chief: could use part of oil tax to finance EU

The Associated Press  |  Posted   Feb 28th - 3:33am

The European Union's budget chief is suggesting that member countries could in the future put aside a portion of their tax revenues from oil to help finance the bloc.

Fake fashion fuels vast illicit profits, sea of human misery

Lynne O'Donnell, Associated Press  |  Posted   Feb 28th - 3:25am

In a warehouse at London's sprawling Heathrow Airport, a border officer pulls open a cardboard box he suspects contains contraband goods. Bingo — his instincts are rewarded.

IMF says Iran rebounds after nuclear deal, but danger looms

Jon Gambrell, Associated Press  |  Posted   Feb 28th - 3:25am

Iran's economy rebounded out of a recession after the nuclear deal with world powers, the International Monetary Fund said on Tuesday, though uncertainty over future sanctions and problems plaguing the country's domestic banks could cause fiscal trouble ahead.

Trump ordering review of Obama rule protecting small streams

Jill Colvin, Associated Press  |  Posted   Feb 28th - 3:25am

President Donald Trump will sign an executive order Tuesday mandating a review of an Obama-era rule aimed at protecting small streams and wetlands from development and pollution.

Trump looks to refocus his presidency in address to Congress

Julie Pace, Associated Press  |  Posted   Feb 28th - 3:14am

With his first address to Congress, President Donald Trump has an opportunity to refocus his young administration on the economic issues that helped him get elected. His allies hope it will help him move beyond the distractions and self-inflicted wounds that he has dealt with so far.

Malaysian tycoon stresses over Vancouver project with Trump

Eileen Ng, Associated Press  |  Posted   Feb 28th - 2:32am

Malaysian property developer Tiah Joo Kim got way more than he bargained for when he signed a licensing deal to use the Trump brand on the Trump International Hotel and Tower that is opening this week in the Canadian city of Vancouver.

China's coal consumption falls for 3rd year in a row

Louise Watt, Associated Press  |  Posted   Feb 28th - 2:19am

China's consumption of coal fell in 2016 for a third year in a row, official data showed Tuesday, as the world's top carbon polluter has emerged as a global leader in addressing global warming.

World stocks edge higher before Trump speech, China congress

Kelvin Chan, Associated Press  |  Posted   Feb 28th - 2:19am

World stocks eked out modest gains and the dollar weakened against the yen on Tuesday as investors awaited a speech by President Donald Trump to the U.S. Congress.

NKorea official in Beijing after China's ban on coal imports

The Associated Press  |  Posted   Feb 28th - 2:19am

A senior North Korean diplomat arrived in Beijing on Tuesday for talks following China's ban on coal imports from its neighbor and the killing of the exiled half brother of North Korean leader Kim Jong Un.

Saudi Aramco inks $7 billion deal for Malaysian oil venture

Eileen Ng, Associated Press  |  Posted   Feb 28th - 2:19am

Oil major Saudi Aramco has signed a $7 billion deal to take a 50 percent stake in a mega Malaysian oil refinery project, in a pact expected to help Saudi Arabia increase trade in Southeast Asia.

Pakistan deploys extra police ahead of key regional summit

Asif Shahzad, Associated Press  |  Posted   Feb 28th - 2:08am

Pakistan deployed extra police forces and paramilitary units on Tuesday in the country's capital to boost security ahead of a regional summit on economic cooperation, officials said.

Divided Republicans await guidance from Trump

Erica Werner, Associated Press  |  Posted   Feb 28th - 1:52am

Flailing and divided, congressional Republicans are hoping for clarity from President Donald Trump on key issues like health care when he delivers his first speech to a joint meeting of Congress. It comes as Republicans are discovering, a month into Trump's administration, how difficult it will be to make good on their many promises now that they control Washington in full.

ADB says Asia needs to double infrastructure spending

Teresa Cerojano, Associated Press  |  Posted   Feb 28th - 1:15am

Developing countries in Asia and the Pacific will need to spend up to $1.7 trillion a year, or $26 trillion through 2030, to meet their infrastructure needs and to maintain the region's growth momentum, the Asian Development Bank said in a report Tuesday.

5 things analysts and investors want to hear in Trump speech

Christopher S. Rugaber, Associated Press  |  Posted   Feb 28th - 1:04am

Economists and investors will be looking for one thing above all from President Donald Trump's speech to the nation Tuesday night:

Starbucks CEO says chain ready to enter Italy after 35 years

Colleen Barry, Associated Press  |  Posted   Feb 28th - 1:04am

Starbucks CEO Howard Schultz's vision for the chain was largely inspired by the coffee bars he saw on his first trip to Milan more than three decades ago. But it took the company growing to about 26,000 stores in 75 countries to win the credibility he felt necessary to make the leap into the country that gave espresso to the world.

South Korean prosecutors to indict Samsung's de facto chief

Youkyung Lee and Kim Tong-Hyung, Associated Press  |  Posted   Feb 28th - 12:44am

South Korean special prosecutors said they would indict Samsung's de facto chief Tuesday on bribery, embezzlement and other charges linked to a political scandal that has toppled President Park Geun-hye.

Growing problem: Pot lights give ham radio operators a buzz

Marina Villeneuve, Associated Press  |  Posted   Feb 27th - 11:06pm

Retired Coast Guard officer Roger Johnson sometimes notices a harsh buzz when he turns on his amateur radio, and he blames high-powered lighting used to grow pot.

China's coal consumption falls for 3rd year in a row

The Associated Press  |  Posted   Feb 27th - 10:13pm

China's consumption of coal fell in 2016 for a third year in a row, official data showed Tuesday, as the world's top polluter increasingly grapples with its massive pollution challenges.

Utah bill loosens who sees booze poured but keeps barriers

Michelle L. Price, Associated Press  |  Posted   Feb 27th - 9:42pm

In heavily Mormon Utah, a lawmaker introduced a proposal Monday allowing restaurants to stop using walls or backrooms known as "Zion Curtains" that block customers from seeing alcoholic drinks being made. Supporters say the longtime requirement helps curb underage drinking by hiding the glamour of bartending.

ADB says Asia needs to double infrastructure spending

Teresa Cerojano, Associated Press  |  Posted   Feb 27th - 8:20pm

Developing countries in Asia and the Pacific will need to spend up to $1.7 trillion a year, or $26 trillion through 2030, to meet their infrastructure needs and to maintain the region's growth momentum, the Asian Development Bank said in a report Tuesday.