News

By PAUL WISEMAN and DAVID McHUGH AP Business Writers The world economy has lost momentum from the impact of higher interest rates, the invasion of Ukraine and widening geopolitical rifts, and it now faces new uncertainty from the war between Israel and Hamas militants, International Monetary Fund warned Tuesday. The IMF said it expects global

By HALELUYA HADERO AP Business Writer NEW YORK (AP) — Humanitarian groups are scrambling to assist civilians caught in the war between Israel and Hamas and determine what aid operations are still safe to continue — efforts that are being complicated by an intensified blockade of Gaza and ongoing fighting. Two days after Hamas militants

By DAVID RISING Associated Press BEIJING (AP) — China’s coast guard claims to have chased a Philippine navy ship from a disputed shoal in the South China Sea as tensions between the two countries over rich fishing areas escalate. A coast guard spokesperson said the Philippine ship had sailed into waters next to the Scarborough

By ZEN SOO AP Business Writer HONG KONG (AP) — Chinese property developer Country Garden has warned it cannot meet deadlines to repay its debts. The company’s difficulty in paying a 470 million Hong Kong dollar ($60 million) loan is the latest sign of distress in the industry after Beijing clamped down on mounting debts

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Shares climbed Tuesday in Europe and Asia after Wall Street advanced on potentially encouraging news about interest rates, which have been dragging markets lower since the summer. The International Monetary Fund warned Tuesday that the world economy is losing momentum in the face of higher interest

By KEN MORITSUGU Associated Press BEIJING (AP) — China is touting its 10-year-old Belt and Road Initiative as an alternative model for economic growth as it seeks to win friends and strengthen its leadership of the developing world. A government report released Tuesday praises the program, which has provided financing to build ports, power plants

By MONIKA SCISLOWSKA Associated Press WARSAW, Poland (AP) — Two senior Polish military officers have resigned over an apparent spat with the defense minister just days before the country holds a general election. Authorities said their replacements were due to be announced on Tuesday. President Andrzej Duda accepted the resignations of the chief of general

By SOPHENG CHEANG Associated Press PHNOM PENH, Cambodia (AP) — A 2-year-old girl has become the second person in Cambodia to die of bird flu this week, and the third this year. The country’s Health Ministry announced that laboratory tests confirmed that the girl, who lived in the southeastern province of Prey Veng, died Monday

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The world economy is losing momentum in the face of higher interest rates, the ongoing war in Ukraine and widening geopolitical rifts, the International Monetary Fund warned Tuesday. The IMF said it expects global economic growth to slow to 2.9% in 2024 from an expected 3%

By JILL LAWLESS Associated Press LIVERPOOL, England (AP) — The leader of the U.K.’s Labour Party has promised to restore Britain’s battered institutions and to end an “age of insecurity” afflicting its people. Keir Starmer addressed the opposition party’s annual conference during what is likely the last such gathering before a national election next year.

By EBRAHIM NOROOZI and OMID HAQJO Associated Press ZINDA JAN, Afghanistan (AP) — Clinging to hope that finding survivors was still possible, Afghan rescuers and villagers kept digging through rubble in western Herat province on Tuesday, three days after one of the deadliest earthquakes in the region left more than 2,000 dead. Elsewhere in Herat,

By YURI KAGEYAMA Associated Press TOKYO (AP) — An executive at Japanese publishing house Kadokawa has been found guilty of bribing a former Tokyo Olympics organizing committee member. Toshiyuki Yoshihara was given a two-year prison sentence Tuesday, which was suspended for four years. That means he avoids prison time as long as he doesn’t break

TORONTO (AP) — Auto workers walked off the job at three General Motors facilities in Canada early Tuesday after failing to reach agreement with the automaker. Their union, Unifor, represents more than 4,200 workers at the plants. They had warned they would begin a strike if no agreement was struck with GM by midnight local

By JIM GOMEZ Associated Press MANILA, Philippines (AP) — A senior Filipino diplomat known for his past expletive-laced tirade against China joined a coast guard trip to the disputed South China Sea last week and saw Beijing’s ships block and nearly collide with Philippine vessels, including one he was on. Teodoro Locsin Jr. was on