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Mudslide brings economic shock to area built on tourism

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Santa Barbara, Jan 13 (AP) - The California mudslide that killed at least 18 people is causing distress miles from where the torrent of muck and boulders stopped, as a local economy that thrives on tourism and the lure of sun-soaked beaches was left reeling.
On a postcard-perfect afternoon, the Santa Barbara Shellfish Company would normally be bustling with lunch-time diners downing fried calamari and lobster tacos, especially on the cusp of a holiday weekend.
"We would be smashing right...

Global shares steady after Wall Street rally fizzles

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SEOUL, Jan 11 (AP) - Global shares were mixed Thursday, with Europe steady and Asia posting modest losses after main Wall Street benchmarks fell for the first time in 2018. Unconfirmed reports Thursday that China may slow its purchases of U.S. government bonds weighed on investor sentiment...

German economy grew in 2017 at fastest pace in 6 years

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Berlin, Jan 11 (AP) - The German economy accelerated last year to grow by 2.2 percent, putting in its strongest performance for six years thanks primarily to increasing demand at home, official data showed Thursday.
The figure released by the Federal Statistical Office was the strongest since...

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