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Northern Star

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The Student News Site of Northern Illinois University

Northern Star

The Student News Site of Northern Illinois University

Northern Star

India projects rosy economic growth next year after slump

By ASHOK SHARMA | January 31, 2020

NEW DELHI (AP) — India’s government projects the economy will grow up to 6.5% in the next fiscal year, starting in April, and hopes to follow China's example in developing labor intensive industries and exports.An economic survey for 2019-20 presented...

Asia shares mixed as WHO says China virus a global emergency

By ELAINE KURTENBACH | January 30, 2020

Shares were mixed in Asia after the World Health Organization declared the outbreak of a new virus that has spread from China to more than a dozen countries a global emergency.Markets in mainland China remained closed as the U.S. warned against all travel...

German unemployment rate climbs above 5% in January

January 30, 2020

BERLIN (AP) — Germany's jobless rate climbed above 5% in January, pushed higher largely by seasonal factors while also reflecting slower growth in Europe's biggest economy, official data showed Thursday.The unadjusted unemployment rate, the headline...

Trump celebrates major rewrite of North American trade rules

By KEVIN FREKING and PAUL WISEMAN | January 29, 2020

WASHINGTON (AP) — President Donald Trump on Wednesday signed into law a major rewrite of the rules of trade with Canada and Mexico, celebrating the fulfillment of one of his top campaign promises while declining to share the moment with Democratic lawmakers...

World shares mostly higher after rebound on Wall Street

By ELAINE KURTENBACH | January 29, 2020

Shares advanced in most European and Asian markets on Wednesday after a rebound on Wall Street reversed most losses from a sell-off the day before.Hong Kong's Hang Seng dropped 2.8%, to 27,174.43 after its markets reopened from Lunar New Year holidays,...

Asian shares mostly higher after rebound on Wall Street

By ELAINE KURTENBACH | January 28, 2020

Shares advanced in most Asian markets on Wednesday after a rebound on Wall Street that reversed most losses from a sell-off the day before.Hong Kong's Hang Seng dropped 2.4%, to 27,289.55 after reopening from Lunar New Year holidays, while other Chinese...

Bad timing: New virus poses threat to fragile world economy

By PAUL WISEMAN, JOE MCDONALD, and YURI KAGEYAMA | January 28, 2020

This should be peak season for a 12-room hotel near the train station in the Chinese industrial hub of Wuhan. The Chinese New Year usually brings in plenty of travelers and delivers profits of around $3,000 a month.But the place is empty. Wuhan, the center...

Budget deficit to break $1 trillion despite strong economy

By ANDREW TAYLOR | January 28, 2020

WASHINGTON (AP) — An annual congressional report says the U.S. budget deficit is likely to burst through the symbolic $1 trillion barrier this year despite a healthy economy.Tuesday's Congressional Budget Office report follows a burst of new spending...

Asian shares sink on mounting worries over China outbreak

By YURI KAGEYAMA | January 27, 2020

TOKYO (AP) — Asian shares skidded again Tuesday on deepening worries over the expanding outbreak of a new virus in China.Markets in Hong Kong and mainland China were closed Tuesday for Lunar New Year holidays, while South Korea's benchmark tumbled 3.4%...