Britain's economy picked up only slightly in second quarter

LONDON (AP) — Britain's economy picked up only slightly in the second quarter, expanding by 0.3 percent between April and June compared with the paltry 0.2 percent of the first three months of the yea...

Academia Sinica ups 2017 GDP forecast to 2.18 percent for Taiwan

Taiwan's real gross domestic product growth estimate for 2017 was revised upward to 2.18 percent from 1.68 percent by Taipei City-headquartered Academia Sinica July 19, reflecting greater confiden...

Forecast of Taiwan's manufacturing output growth upgraded

The Industrial Economics and Knowledge Center (IEK) under the government-sponsored Industrial Technology Research Institute has raised its forecast of output growth for Taiwan's manufacturing sect...

Portugal to limit eucalyptus groves to reduce wildfires

LISBON, Portugal (AP) — Portuguese lawmakers have agreed on new measures to help contain the fires that race through the country's forests each summer, after one wildfire last month that killed 64 peo...

The Latest: Lecointre to be France's top military official

PARIS (AP) — The Latest on the departure of France's military chief (all times local): 1:20 p.m. Francois Lecointre, a career military officer who led the EU milita...

French military chief quits over budget dispute with Macron

PARIS (AP) — France's military chief has quit in a dispute with President Emmanuel Macron over budget cuts, a new challenge to Macron's administration and his economic reforms. The o...

Asian shares mostly higher as focus turns to central banks

TOKYO (AP) — Shares were mostly higher in Asia on Wednesday after a mixed finish on Wall Street. Investors were turning their focus to policy meetings by central bank boards in Japan and the EU. ...

IMF upbeat about Spain's economic outlook in 2017

MADRID (AP) — The International Monetary Fund says it is raising the growth forecast for Spain in 2017 to 3.1 percent, due to improved levels of consumption, investment and exports amid a surging post...

White House says budget deficit to be $99B higher this year

WASHINGTON (AP) — The White House says worsening tax revenues will cause the budget deficit to jump to $702 billion this year. That's a $99 billion spike from what was predicted less than two months a...

Cuba says GDP recovers, up about 1 percent so far in 2017

HAVANA (AP) — The Cuban government says the island's economy is growing again after a dip last year. Economy Minister Ricardo Cabrisas has announced at the opening session of the Nat...

Romanian leader to NATO official: we'll spend 2% on defense

BUCHAREST, Romania (AP) — Romanian President Klaus Iohannis has promised a senior NATO officer that Romania will spend 2 percent of its GDP on defense this year in line with guidelines from the allian...

EU seeks more collective approach to dealing with bad loans

BRUSSELS (AP) — European Union finance ministers have agreed to collectively address the problem of non-performing loans in the banking sector, which has been an economic problem particularly in Italy...

Taipei’s Yongkang Street sets eyes on Cambodia

TAIPEI (Taiwan News) – Taipei's business owners are now looking for opportunities in Cambodia, said the Taipei Dongmen Yongkang Business Circle Development Association head Liu Hung Hsi...

Cheese, please: Japan, EU said near agreement on trade pact

TOKYO (AP) — Countering the backlash against free trade by President Donald Trump, Japan and the European Union are rushing to finalize an agreement on easing barriers between their huge economies. ...

NATO chief: US allies to spend $12 billion more this year

BRUSSELS (AP) — NATO's chief says U.S. allies are projected to spend around $12 billion more on defense this year, after President Donald Trump berated them for failing to boost military budgets. ...