fbpx
Tuesday, October 20, 2020
Home Tags Economic policy

Tag: Economic policy

Global shares mixed as U.S. virus aid hopes fade

TOKYO (AP) — Global shares were mixed Tuesday, after Wall Street's overnight decline as hopes faded Washington will come through with badly needed aid...

Asian shares track Wall Street fall as virus aid hopes fade

TOKYO (AP) — Asian shares fell moderately Tuesday, tracking Wall Street's overnight decline as hopes faded Washington will come through with badly needed aid...

Trump says Sudan to be removed from terrorism list

CAIRO (AP) — President Donald Trump on Monday said Sudan will be removed from the U.S. list of state sponsors of terrorism if it...

UK, EU inch toward more Brexit talks but hurdles remain

LONDON (AP) — Britain and the European Union edged toward resuming their troubled trade talks on Monday, after the bloc's chief negotiator said he...

Japan exports fall amid slow recovery from pandemic downturn

TOKYO (AP) — Japan's exports fell at a slower pace in September in a sign that trade damage from the coronavirus pandemic is easing,...

Former Democratic power broker James A. Johnson dies at 76

MINNEAPOLIS (AP) — James A. Johnson, a former Democratic campaign operative who was CEO of housing lender Fannie Mae in the 1990s and served...

UK minister: Door ‘still ajar’ for post-Brexit talks with EU

LONDON (AP) — A senior British official said Sunday the door is “still ajar” for post-Brexit talks to continue with the European Union if...

A late slide erases gains for US indexes, leaving them mixed

Wall Street closed out a choppy week of trading with more of the same Friday, as a late-afternoon stumble led U.S. stock indexes to...

Awash in red ink: US posts record $3.1T 2020 budget deficit

WASHINGTON (AP) — The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous...

UK says EU trade talks ‘over’ but bloc sees room for a deal

LONDON (AP) — British Prime Minister Boris Johnson said Friday that the U.K. must prepare for a no-deal break with the European Union unless...

Asian shares mixed amid 2nd wave coronavirus, election fears

TOKYO (AP) — Asian shares were mixed on Friday as investors weighed concerns about the U.S. presidential election and an economic stimulus package, on...

Brexit trade talks: both EU and UK dig in heels

BRUSSELS (AP) — With both sides digging in their heels as another Brexit deadline passed Thursday, the European Union and Britain demanded concessions from...

South Africa extends relief grants to help poor amid virus

JOHANNESBURG (AP) — South African President Cyril Ramaphosa announced Thursday that his government will extend relief grants to 6 million of the country’s unemployed...

IMF warns global economy could be permanently scarred

WASHINGTON (AP) — The global economy's recovery from the pandemic recession is tentative and uneven and “marked by significant uncertainty” as confirmed coronavirus cases...

Asian stocks follow Wall St lower as stimulus hopes fade

Asian stocks followed Wall Street lower on Thursday as hopes U.S. leaders will agree on a new economic stimulus before the Nov. 3 presidential...

On eve of UK deadline, trade talks with EU still stalled

BRUSSELS (AP) — On the eve of a European Union summit that British Prime Minister Boris Johnson had set as a deadline to seal...

UK urged to conclude trade deal with EU to limit Brexit cost

LONDON (AP) — A leading international economic watchdog urged the British government to conclude a free trade agreement with the European Union in the...

Asian shares track Wall Street decline on pandemic jitters

Shares were mostly lower in Asia on Wednesday after pandemic concerns snapped a four-day winning streak on Wall Street. ...

AP FACT CHECK: Sen. Graham and Biden on Obamacare, Barrett

WASHINGTON (AP) — The senator leading Supreme Court confirmation hearings Tuesday launched into revisionist history on “Obamacare," implying it was designed to help Democratic...

JPMorgan, Citi profits improve amid signs of recovery

CHARLOTTE, N.C. (AP) — Two of the nation's biggest banks — JPMorgan Chase and Citigroup — said Tuesday that their profits improved markedly over...

WTO says EU can put tariffs on $4 billion of US goods

GENEVA (AP) — International arbitrators said Tuesday that the European Union can impose tariffs and other penalties on up to $4 billion worth of...

China’s trade growth accelerates in Sept; exports up 9.9%

BEIJING (AP) — China’s trade picked up in September as global demand for masks and medical supplies boosted exports and the economy's early reopening...

China’s trade growth accelerates in Sept; exports up 9.9%

BEIJING (AP) — China’s trade growth accelerated in September as the world’s second-largest economy recovered from the coronavirus pandemic. ...

Trump vs. Biden: Where they stand on health, economy, more

WASHINGTON (AP) — Amid the tumult of the 2020 presidential campaign, one dynamic has remained constant: The Nov. 3 election offers voters a choice...

Yet another Brexit deadline looms; trade talks in rut

BRUSSELS (AP) — Almost by tradition, another Brexit deadline is looming. Just as much by tradition, talks are expected to continue afterward. ...

COVID-hit UK arts groups welcome government cash infusion

LONDON (AP) — The British government on Monday announced grants of 257 million pounds ($335 million) to help almost 1,400 arts and cultural organizations...

Bank of England asks banks on readiness for negative rates

LONDON (AP) — The Bank of England has asked commercial banks whether they are ready for negative interest rates, signaling that the central bank...

English villages wake up to find they’re Brexit’s new border

SEVINGTON, England (AP) — Four years after Britain voted to leave the European Union, Brexit can still seem abstract. But in the county known...

Trump restarting campaign with White House, Florida events

WASHINGTON (AP) — Looking to shove his campaign back on track, President Donald Trump and his team laid out an aggressive return to political...

Stocks climb, closing out biggest weekly gain in 3 months

Wall Street closed out its best week in three months Friday as investors drew encouragement from ongoing negotiations on Capitol Hill aimed at delivering...

Progress is the word in Brexit trade talks before summit

BRUSSELS (AP) — The European Union finally sees progress in trade talks with the United Kingdom, but insists a momentary change in mood between...

Asian shares mostly higher on hopes for U.S. stimulus

TOKYO (AP) — Asian shares were mostly higher on Thursday on optimism U.S. stimulus may be coming after all, as President Donald Trump appeared...

World shares mixed after Trump calls halt to stimulus talks

World shares were mostly lower on Wednesday after U.S. President Donald Trump ordered a stop to talks on another round of aid for the...

Trump halts COVID-19 relief talks until after election

WASHINGTON (AP) — President Donald Trump on Tuesday called an abrupt end to negotiations with Democrats over additional COVID-19 relief, delaying action until after...

Asian shares mixed after Trump calls off stimulus talks

Stocks were mixed in Asia on Wednesday despite an overnight decline on Wall Street after President Donald Trump ordered a stop to talks on...

The Latest: Top Trump aide Stephen Miller tests positive

WASHINGTON (AP) — The Latest on President Donald Trump's health after his COVID-19 diagnosis, and that of other White House aides, officials (all times...

Fed’s Powell: Lack of further stimulus imperils recovery

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell warned Tuesday that a tentative recovery from the pandemic recession could falter unless the federal government...

US trade deficit up to $67.1 billion in August, 14-year high

WASHINGTON (AP) — The U.S. trade deficit rose in August to the highest level in 14 years. ...

UK’s Johnson promises to use pandemic as catalyst for change

LONDON (AP) — Prime Minister Boris Johnson on Tuesday promised to use the COVID-19 pandemic as a catalyst to build a stronger Britain led...

EU says that no-deal Brexit becoming ever more likely

BRUSSELS (AP) — A top European Union official dealing with the United Kingdom said Tuesday that a cliff-edge rupture between the two without even...

Mexico announces $14 billion in infrastructure projects

MEXICO CITY (AP) — Mexico’s president announced a program of 39 joint public-private infrastructure projects Monday worth about $14 billion to help revive the...

Greece’s economy to shrink by estimated 8.2% this year

ATHENS, Greece (AP) — Greece’s economy will contract by an estimated 8.2% this year due to the effects of the coronavirus pandemic before picking...

Pope: Market capitalism has failed in pandemic, needs reform

ROME (AP) — Pope Francis says the coronavirus pandemic has proven that the “magic theories” of market capitalism have failed and that the world...

Inflation slump in Europe could presage more stimulus

FRANKFURT, Germany (AP) — Annual inflation in the 19-country eurozone sagged further below zero in September, bolstering expectations that the European Central Bank will...

India’s contracting economy rebooting from coronavirus blow

NEW DELHI (AP) — Millions of distressed Indian manufacturers and traders are counting on the eagerly-awaited October-December festive season to rescue them from their...

Police departments seeing modest cuts, but not ‘defunding’

DAVENPORT, Iowa (AP) — The racial justice protests following the death of George Floyd earlier this year prompted calls to “defund the police” in...

EU takes legal action against UK over planned Brexit bill

BRUSSELS (AP) — The European Union took legal action against Britain on Thursday over its plans to pass legislation that would breach parts of...

Trump signs temporary government funding bill

WASHINGTON (AP) — President Donald Trump has signed a bill to fund the government through Dec. 11, averting the possibility of a government shutdown...

American, United to furlough 32,000 as time runs out on aid

American Airlines and United Airlines say they will begin to furlough 32,000 employees after lawmakers and the White House failed to agree on a...

Pelosi and Mnuchin have ‘extensive’ talks on COVID relief

WASHINGTON (AP) — House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin held an “extensive conversation" Wednesday on a huge COVID-19 rescue package, meeting...

UK pushes on with EU-reviled law as Brexit talks go to wire

BRUSSELS (AP) — European Union and British negotiators hunkered down Tuesday to seek last-minute compromises on everything from fisheries to competition in hopes of...

Unfriendly skies: Airline workers brace for mass layoffs

DETROIT (AP) — The worries are growing for United Airlines flight attendant Jordy Comeaux. ...

Asia Today: Philippines placing southern city in lockdown

MANILA, Philippines (AP) — One southern Philippine province and its war-battered capital will be placed under a mild lockdown starting Thursday and the rest...

EU-UK spat over Brexit deal clouds key trade talks this week

BRUSSELS (AP) — Britain entered a crucial week of post-Brexit talks with the European Union on Monday by rejecting the EU’s demand that it...

Macron ‘ashamed’ of Lebanon’s political leaders amid crisis

PARIS (AP) — French President Emmanuel Macron assailed Hezbollah and the entire Lebanese political class Sunday, and warned of a new civil war if...

EU leader Michel lashes out at Britain over post-Brexit plan

BRUSSELS (AP) — European Union leader Charles Michel used the virtual pulpit of the U.N. General Assembly on Friday to lash out at Britain...

Asian shares gain, cheered by US rally on hopes for stimulus

TOKYO (AP) — Asian shares advanced Friday, cheered by a modest rally on Wall Street and rising hopes for fresh stimulus for the U.S....

At UN, Africa urges fiscal help against virus ‘apocalypse’

JOHANNESBURG (AP) — African nations came out swinging on the third day of the United Nations annual gathering of world leaders Thursday, calling for...

Mnuchin and Powell back jobless aid and small business loans

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell said Thursday that the government’s top priorities in any new economic...

UK announces new plan to help workers hit by pandemic

LONDON (AP) — Britain’s treasury chief announced a new income support program Thursday for workers hurt by the coronavirus pandemic, as the government races...

Turkey hikes rates to support currency, fight inflation

ANKARA, Turkey (AP) — Turkey’s Central Bank raised its benchmark interest rate by 2 percentage points on Thursday, its first hike in two years...

UK says no-deal Brexit could see 7,000-truck border queues

LONDON (AP) — There there could be lines of 7,000 trucks at the English Channel and two-day waits to get into France immediately after...

German Cabinet approves 2021 budget with high borrowing

Germany's Cabinet on Wednesday approved a 2021 budget that foresees significant borrowing for the second consecutive year as Europe's biggest economy tries to lessen...

UN labor agency: Growing rich-poor gap amid COVID pandemic

GENEVA (AP) — The U.N. labor agency warned Wednesday that the coronavirus pandemic has led to a massive drop in income for workers around...

China blasts US House bill, denies forced labor in Xinjiang

BEIJING (AP) — China on Tuesday lashed out at the passage of a bill by the U.S. House of Representatives that threatens sanctions over...

House easily passes stopgap funding bill, averting shutdown

WASHINGTON (AP) — In a sweeping bipartisan vote that takes a government shutdown off the table, the House passed a temporary government-wide funding bill...

New Ohio House speaker’s sterling narrative has detractors

COLUMBUS, Ohio (AP) — There were some whispers among members of the Republican caucus that Bob Cupp should be the person to lead the...

Russia’s Putin urges end to sanctions to boost world economy

MOSCOW (AP) — Russian President Vladimir Putin argued Tuesday that ending “illegitimate sanctions” against countries like his could boost the coronavirus-hit global economy and...

EU to UK: stop playing ‘games’ with Brexit trade talks

BRUSSELS (AP) — The European Union is pleading with Britain to stop playing “games" as time is running out to clinch a free trade...

Democrats unveil temporary funding bill to avert shutdown

WASHINGTON (AP) — Democrats controlling the House unveiled a government-wide temporary funding bill on Monday that would keep federal agencies fully up and running...

Key EU states worry South America trade pact may hurt Amazon

BRUSSELS (AP) — EU countries remained divided Monday on whether to approve a preliminary free trade deal drafted last year with South American countries...

Stopgap bill to prevent shutdown held up over farm funding

WASHINGTON (AP) — Efforts to fashion a temporary spending bill needed to avert a government shutdown at the end of the month ran aground...

Stopgap bill to prevent shutdown held up over farm funding

WASHINGTON (AP) — Efforts to fashion a temporary spending bill needed to avert a government shutdown at the end of the month ran aground...

Amal Clooney quits UK role over ‘lamentable’ Brexit plan

LONDON (AP) — Amal Clooney has become the highest profile lawyer to quit an official job over her opposition to the British government's suggestion...

Bangladesh economy shows early signs of pandemic recovery

DHAKA,Bangladesh (AP) — A rebound in garment orders after demand crashed during spring shutdowns is helping to revive the Bangladesh economy. ...

Asia slightly higher despite Wall Street slump, virus fears

TOKYO (AP) — Asian shares were slightly higher Friday despite some investor attention shifting again to the uncertainties in global economies amid the coronavirus...

Bank of England eyes sub-zero rates in face of virus, Brexit

LONDON (AP) — The Bank of England indicated Thursday that it could cut interest rates below zero for the first time in its 326-year...

‘Nothing left in the bucket’: Wildfire resources run thin

Justin Silvera came off the fire lines in Northern California after a grueling 36 straight days battling wildfires and evacuating residents ahead of the...

UN chief: don’t ‘throw away’ stimulus money on fossil fuels

VIENNA (AP) — U.N. Secretary-General Antonio Guterres called Thursday on governments not to “throw away” economic stimulus funds by supporting fossil fuel industries that...

Asian stocks retreat on lack of new Fed action

Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023...

Fed sees rates near zero through 2023, perhaps longer

WASHINGTON (AP) — With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers signaled Wednesday that their benchmark short-term interest...

Yoshihide Suga named Japan’s prime minister, succeeding Abe

TOKYO (AP) — Japan's Parliament elected Yoshihide Suga as prime minister Wednesday, replacing long-serving leader Shinzo Abe with his right-hand man. ...

EU chief says UK cannot change EU-UK withdrawal agreement

BRUSSELS (AP) — European Commission President Ursula von der Leyen said Wednesday that the United Kingdom cannot unilaterally change the EU-UK bilateral withdrawal agreement...

Asian shares mostly higher after Wall Street gains

Shares were mostly higher in Asia on Wednesday after advances for big technology companies carried Wall Street to further gains overnight. ...

US tariffs on China are illegal, says world trade body

GENEVA (AP) — A World Trade Organization panel ruled Tuesday that Trump administration tariffs on $200 billion worth of Chinese goods are illegal, vindicating...

US drops tax on Canada aluminum, heading off retaliation

WASHINGTON (AP) — The Trump administration said Tuesday that it is dropping taxes on Canadian aluminum, easing tensions with a close ally just hours...

Federal Reserve to meet after sharp changes to its outlook

WASHINGTON (AP) — Federal Reserve policymakers will meet this week for the first time since they significantly revised the Fed's operating framework in ways...

Terry Branstad, US ambassador to China, to leave next month

BEIJING (AP) — The U.S. ambassador to China will step down early next month, ending a three-year tenure marked by a trade war and...

UK’s Johnson defends planned law, says EU ‘unreasonable’

LONDON (AP) — British Prime Minister Boris Johnson on Monday defended his plan to unilaterally rewrite Britain’s divorce deal with the European Union as...

Merkel leads EU talks with China looking to ease tensions

BRUSSELS (AP) — German Chancellor Angela Merkel, top European Union officials, and Chinese President Xi Jinping are holding talks Monday focused on trade, giving...

India’s Modi faces turbulent session as Parliament reopens

NEW DELHI (AP) — After a five-month absence, Indian lawmakers returned to Parliament on Monday with the government's response to the coronavirus pandemic, the...

Former UK leaders unite to slam Boris Johnson on Brexit plan

LONDON (AP) — Two former British prime ministers who played crucial roles in bringing peace to Northern Ireland joined forces Sunday to urge lawmakers...

Ex-diplomat Darroch astounded by UK plan to break Brexit law

LONDON (AP) — Kim Darroch is astonished. ...

UN assembly approves pandemic resolution; US, Israel object

UNITED NATIONS (AP) — The U.N. General Assembly overwhelmingly approved a wide-ranging resolution on tackling the coronavirus pandemic Friday over objections from the United...

Boris Johnson defends Brexit change to avoid UK ‘carve-up’

LONDON (AP) — British Prime Minister Boris Johnson has strongly defended his government's plan to override sections of the Brexit deal he negotiated with...

US budget deficit hits record $3 trillion through 11 months

WASHINGTON (AP) — The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the...

EU warns UK that Brexit deal breach will scuttle a new deal

BRUSSELS (AP) — The 27 European Union nations presented a firmly united front to the U.K. on Friday after the British government said it...

UK inks trade deal with Japan just as EU talks sour

LONDON (AP) — The U.K. secured its first major post-Brexit trade deal on Friday after signing an agreement with Japan just as discussions with...

Virus bill blocked in Senate as prospects dim for new relief

WASHINGTON (AP) — Senate Democrats scuttled a scaled-back GOP coronavirus rescue package on Thursday as the parties argued to a standstill over the size...

EU demands UK drop a planned law that breaches Brexit deal

LONDON (AP) — Instead of closing in on a future trade deal, the European Union and Britain entered a bitter fight Thursday over a...

Weather - Click The Icon To Change Locations

Los Angeles
haze
64.5 ° F
65 °
64 °
88 %
0.6mph
90 %
Tue
84 °
Wed
83 °
Thu
78 °
Fri
75 °
Sat
70 °

FEATURE - Read More >

Earthquakes