Government business and finance

Rep. David Cicilline, D-R.I., left, chair of the House Judiciary antitrust subcommittee, speaks alongside ranking member, Rep. Jim Sensenbrenner, R-Wisc., during a House Judiciary subcommittee hearing with representatives from major tech companies, Tuesday, July 16, 2019, on Capitol Hill in Washington. (AP Photo/Patrick Semansky)
July 17, 2019 - 11:48 am
WASHINGTON (AP) — The Latest on congressional hearings on the reach of big tech (all times local): 12:40 p.m. Facebook is moving forward on an ambitious plan for a new digital currency and won't commit to U.S. lawmakers' requests that it start small. Facebook executive David Marcus, who's leading...
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French Finance Minister Bruno Le Maire, left, welcomes Treasury Secretary Steve Mnuchin at the G-7 Finance Wednesday July 17, 2019 in Chantilly, north of Paris. The Group of Seven rich democracies' top finance officials gathered Wednesday at a chateau near Paris in search of common ground on the threats posed by digital currencies. (AP Photo/Michel Euler)
July 17, 2019 - 10:16 am
CHANTILLY, France (AP) — The Trump administration is objecting to France's plan to tax Facebook, Google and other U.S. tech giants, a rift that's overshadowing talks between seven longtime allies this week on issues ranging from digital currencies to trade. As finance ministers from the Group of...
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FILE - In this Tuesday, July 2, 2019 file photo, Bulgarian Prime Minister Boyko Borissov arrives for an EU summit in Brussels. Bulgarian officials say unidentified hackers have stolen the personal details of millions of people from Bulgaria's national revenue agency. Prime Minister Boyko Borissov called an emergency meeting Tuesday, July 16 of all law enforcement services to consider the potential harm to national security. (Geoffroy van der Hasselt, Pool Photo via AP, file)
July 17, 2019 - 7:00 am
SOFIA, Bulgaria (AP) — Bulgarian police have detained a suspect who is allegedly behind the hacking of the national revenue agency, an attack that leaked the personal and financial data of millions of Bulgarians and companies. Police cybersecurity chief Yavor Kolev said Wednesday a 20-year-old...
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FILE - In this March 22, 2019 file photo, the construction site of Vogtle Units 4 at the Alvin W. Vogtle Electric Generating Plant is seen, Friday, March 22, 2019 in Waynesboro, Ga. The Nuclear Regulatory Commission will look at cutting back on inspections of the country’s nuclear reactors. Staff recommendations made public Tuesday would reduce the time and scope of annual inspections at the nation’s 90-plus nuclear power plants. Some other inspections would be cut from every two years to every three years. (Hyosub Shin/Atlanta Journal-Constitution via AP)
July 17, 2019 - 5:59 am
WASHINGTON (AP) — Nuclear Regulatory Commission staff is recommending that the agency cut back on inspections at the country's nuclear reactors, a cost-cutting move promoted by the nuclear power industry but denounced by opponents as a threat to public safety. The recommendations, made public...
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July 17, 2019 - 5:05 am
BRUSSELS (AP) — The European Union is opening an antitrust probe into U.S. online shopping giant Amazon to see whether it uses data from independent retailers to gain an edge in the market. EU antitrust Commissioner Margrethe Vestager said Wednesday she is taking a "very close look at Amazon's...
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Rep. David Cicilline, D-R.I., left, chair of the House Judiciary antitrust subcommittee, speaks alongside ranking member, Rep. Jim Sensenbrenner, R-Wisc., during a House Judiciary subcommittee hearing with representatives from major tech companies, Tuesday, July 16, 2019, on Capitol Hill in Washington. (AP Photo/Patrick Semansky)
July 17, 2019 - 3:37 am
Big Tech faced tough questions Tuesday as federal lawmakers focused on issues of potentially anticompetitive behavior by technology giants and expressed bipartisan skepticism over Facebook's plan for a new digital currency. Companies such as Apple, Google, Facebook and Amazon have long enjoyed...
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FILE - In this June 28, 2019 file photo, Ashlyn Myers of the Coalition for Life St. Louis, waves to a Planned Parenthood staff member in St. Louis, Mo. The Trump administration says its new regulation barring taxpayer-funded family planning clinics from referring women for abortions is taking effect immediately. (Robert Cohen/St. Louis Post-Dispatch via AP)
July 16, 2019 - 7:26 pm
WASHINGTON (AP) — Federally funded family planning clinics, including Planned Parenthood, are defying the Trump administration's ban on referring women for abortions, drawing a line against what they say amounts to keeping patients in the dark about legitimate health care options. "We are not going...
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FILE - This March 28, 2018, file photo shows a Facebook logo at the company's headquarters in Menlo Park, Calif. Facebook’s ambitious plan to create a new financial system based on a digital currency faces questions from lawmakers, as it’s shadowed by negative comments from President Donald Trump, his Treasury secretary and the head of the Federal Reserve. (AP Photo/Marcio Jose Sanchez, File)
July 16, 2019 - 5:11 pm
WASHINGTON (AP) — Under sharp criticism from senators, a Facebook executive on Tuesday defended the social network's ambitious plan to create a digital currency and pledged to work with regulators to achieve a system that protects the privacy of users' data. "We know we need to take the time to get...
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FILE - This March 28, 2018, file photo shows a Facebook logo at the company's headquarters in Menlo Park, Calif. Facebook’s ambitious plan to create a new financial system based on a digital currency faces questions from lawmakers, as it’s shadowed by negative comments from President Donald Trump, his Treasury secretary and the head of the Federal Reserve. (AP Photo/Marcio Jose Sanchez, File)
July 16, 2019 - 3:50 pm
WASHINGTON (AP) — The Latest on congressional hearings on the reach of big tech (all times local): 4:40 p.m. The chairman of a House antitrust panel investigating the tech industry repeatedly reminded an Amazon executive he was under oath as he grilled him over the company's business practices...
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U.S. Federal Reserve Chairman Jerome Powell speaks during a dinner hosted by the Bank of France in Paris, Tuesday, July 16, 2019. Finance officials from the Group of Seven rich democracies will weigh risks from new digital currencies and debate how to tax U.S. tech companies like Google and Amazon when they meet in the Paris suburb of Chantilly tomorrow. (AP Photo/Michel Euler)
July 16, 2019 - 1:53 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that the 2008 financial crisis accelerated major changes in the U.S. and global economies, leading to slower growth, lower inflation and lower interest rates. Delivering remarks to a Paris economic conference, Powell said that...
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