China's exports rose in November, the first increase since April, while imports fell, according to customs data released Thursday.
Exports rose 0.5% from a year earlier to $291.9 billion, a sign that demand may be picking up after months of decline. But imports fell 0.6%, to $223.5 billion, after they climbed 3% in October.
Full StoryShares have fallen in Europe and Asia, tracking a retreat on Wall Street as investors grow wary over signs growth is slowing in Germany and other major economies.
U.S. futures edged lower and oil prices rose.
Full StoryIn recent years, city leaders in Grand Island, Nebraska, observed that many workers and students were walking or biking long distances to their jobs or schools. So when city administrator, Laura McAloon, learned of an opportunity to study the development of a bus system to meet those transportation needs, she jumped at it.
The opportunity was funded by the Bill & Melinda Gates Foundation, in collaboration with the International City/County Management Association, a network of local government administrators. And it sent McAloon to Washington along with other local leaders to learn about strategies and policies to lift people in their community out of poverty.
Full StoryA top European Union official told Chinese leader Xi Jinping on Thursday that China and the EU must address both the imbalances in their trading relationship and Russian aggression against Ukraine.
The two are divided on both issues. European Commission President Ursula von der Leyen, meeting Xi in the Chinese capital, said they need to manage their differences responsibly.
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Eleven Lebanese banks on Wednesday submitted a memo to the Finance Ministry demanding that the Lebanese state pay its debts and obligations to the Central Bank (BDL) to allow it to pay its obligations to the Lebanese banks, to allow them in turn to return the trapped funds to depositors, the Association of Banks in Lebanon (ABL) said.
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Turkey's annual inflation rate ticked up slightly in November, the state statistics agency said on Monday, showing further signs of levelling off following a series of sharp interest rate hikes.
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Gold hit a record high Monday as growing optimism that the Federal Reserve will cut U.S. interest rates in the new year has dented the dollar in recent weeks.
Full StoryA Spanish association representing more than 80 newspapers has filed a lawsuit against Facebook parent Meta accusing it of unfair competition in online advertising by allegedly ignoring European Union rules on data protection.
In a statement, the Information Media Association said it is demanding 550 million euros ($600 million) from the social media giant. The association represents dozens of newspapers including Spain's principal dailies El País, El Mundo, ABC and La Vanguardia.
Full StoryMost business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under the weight of high interest rates, according to a survey released Monday.
Only 24% of economists surveyed by the National Association for Business Economics said they see a recession in 2024 as more likely than not. The 38 surveyed economists come from such organizations as Morgan Stanley, the University of Arkansas and Nationwide.
Full StoryThe OPEC oil cartel led by Saudi Arabia and allied producers including Russia will try to agree Thursday on cuts to the amount of crude they send to the world, with prices having tumbled lately despite their efforts to prop them up.
That's been a good thing for U.S. drivers, who have been able to fill their gas tanks for less money in recent months and whose costs at the pump can be sensitive to moves by the OPEC+ coalition. But it's bad news for OPEC+ countries whose oil income props up their economies and who have faced setbacks in keeping prices up despite initial fears that the Israel-Hamas war could affect oil flows.
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