• File- This April 16, 2016, file photo shows an oil pump working at sunset in the desert oil fields of Sakhir, Bahrain. Oil exporting countries in the Middle East lost a staggering $390 billion in revenue due to lower oil prices last year, and should brace for even deeper losses of more than $500 billion this year, the International Monetary Fund said Monday, April 25, 2016. (AP Photo/Hasan Jamali, File)

    IMF expects $500B revenue loss for Mideast oil exporters

    DUBAI, United Arab Emirates (AP) — Oil exporting countries in the Middle East lost a staggering $390 billion in revenue due to lower oil prices last year, and should brace for even deeper losses of more than $500 billion this year, the International Monetary Fund said Monday.

  • US President Barack Obama arrives for the opening of the Hannover Messe industrial fair in Hannover, northern Germany, Sunday, April 24, 2016. (Julian Stratenschulte/dpa via AP)

    The Latest: German minister: US needs to budge on trade deal

    HANNOVER, Germany (AP) — The Latest on President Barack Obama’s visit to Germany (all times local):

  • U.S. President Barack Obama delivers a speech during the opening of the Hannover Messe industry fair in Hannover, northern Germany, Sunday, April 24, 2016. Obama is on a two-day official visit to Germany. (AP Photo/Jens Meyer)

    Obama to use Germany visit to push trans-Atlantic trade deal

    HANNOVER, Germany (AP) — President Barack Obama mounted a strong defense of international trade deals Sunday in the face of domestic and foreign opposition, saying it’s “indisputable” that such agreements strengthen the economy and make U.S. businesses more competitive worldwide. But he acknowledged that the clock is ticking on his faltering trade agenda.