Economic policy

November 06, 2020 - 3:46 am
LONDON (AP) — Britain's spending watchdog warned Friday that there is likely to be “significant disruption” to trade with the European Union at the start of next year even if a trade deal between the two sides is agreed in time. The National Audit Office, which assesses government spending, noted...
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Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing, Thursday Sept. 24, 2020 on Capitol Hill in Washington about the CARES Act and the economic effects of the coronavirus pandemic. (Drew Angerer/Pool via AP)
November 05, 2020 - 11:41 am
WASHINGTON (AP) — The Federal Reserve kept its benchmark interest rate at a record low near zero Thursday and signaled its readiness to do more if needed to support an economy under threat from a worsening coronavirus pandemic. The Fed announced no new actions after its latest policy meeting but...
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North Carolina House Speaker Tim Moore, left, R-Cleveland, speaks to reporters, with Senate leader Phil Berger, R-Rockingham, and House Majority Leader John Bell, right, R-Wayne, at a news conference on Wednesday, Nov. 4, 2020 at state GOP headquarters in Raleigh, N.C., to discuss Election Day results (AP Photo/Gary D. Robertson).
November 04, 2020 - 4:06 pm
JEFFERSON CITY, Mo. (AP) — After a costly and intense political battle for control of state capitols, the composition of state legislatures and governors' offices will look a lot like it did before Tuesday's elections. That means Republicans will again control significantly more states than...
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FILE - In this Oct. 2, 2014, file photo, a statue of President George Washington on the steps of Federal Hall faces the facade of the New York Stock Exchange. U.S. stock futures and markets around the world are mostly holding steady or ticking higher early Wednesday, Nov. 4, 2020, but that’s only after they spun through another election night dominated by surprises and sharp swings. (AP Photo/Richard Drew, File)
November 04, 2020 - 1:07 pm
Stocks rallied on Wall Street Wednesday, sending the S&P 500 index up 2.2%, as investors embraced the upside of more gridlock in Washington. Technology stocks, which have proved impervious to the damage inflicted on other industries by the coronavirus pandemic, led the way higher. The tech-...
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European Commission's Head of Task Force for Relations with the United Kingdom Michel Barnier, left, leaves the European Commission headquarters in Brussels, Wednesday, Nov. 4, 2020. Barnier on Wednesday briefed the European Union ambassadors on the state of negotiations with the United Kingdom, as both sides continue to struggle to find common ground on a free trade deal which needs to be in place by Jan. 1. (AP Photo/Francisco Seco)
November 04, 2020 - 10:06 am
BRUSSELS (AP) — With a deadline looming ever more menacingly, the European Union's chief negotiator on the post-Brexit trade deal with Britain Wednesday publicly blamed London for a lack of progress in the two sides' belated attempt to reach an even rudimentary agreement. “At this stage, there are...
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FILE - In this Sept. 30, 2003 file photo, an Air France jumbo jet rolls behind the tail of a KLM Royal Dutch airliner at Charles de Gaulle airport in Roissy, north of Paris. Pilots with Dutch national airline KLM agreed Tuesday, Nov. 3, 2020 to commit to accepting pay cuts for as long as the carrier needs a multibillion euro government coronavirus bailout, the pilots union and KLM announced. (AP Photo/Remy de la Mauviniere, File)
November 03, 2020 - 9:52 am
THE HAGUE, Netherlands (AP) — Pilots with Dutch national airline KLM agreed Tuesday to accept pay cuts for as long as the carrier needs a multibillion euro government coronavirus bailout, the pilots union and KLM announced. The decision clears the way for the government to agree to free up the next...
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In this July 24, 2019, file photo, workers watch as a truck passes by stacks of shipping containers at a port in Yingkou in northeastern China's Liaoning Province. Authorities in China's rust-belt region are looking for support for its revival from Beijing's multibillion-dollar initiative to build ports, railways and other projects abroad. (AP Photo/Olivia Zhang)
November 03, 2020 - 1:42 am
CANBERRA, Australia (AP) — China has stepped up trade restrictions against Australia, suspending imports of some timber and barley, the agriculture minister said Tuesday, amid tension over the coronavirus, Hong Kong and the South China Sea. Chinese authorities also are delaying clearance for a $1.4...
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A man walks past the Reserve Bank of Australia headquarters in Sydney, Tuesday, Nov. 3, 2020. Australia’s central bank on Tuesday cut its benchmark interest rate by 0.15 of a percentage point to a record low 0.10% in a bid to lift the economy from a pandemic-induced recession.(Dan Himbrechts/AAP Image)
November 02, 2020 - 10:22 pm
CANBERRA, Australia (AP) — Australia’s central bank on Tuesday cut its benchmark interest rate by 0.15 of a percentage point to a record low 0.10% in a bid to lift the economy from a pandemic-induced recession. The move was the first since March when the Reserve Bank of Australia board made two...
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FILE - In this Monday, Sept. 21, 2020, file photo, a giant American Flag hangs on the New York Stock Exchange. U.S. stocks are climbing Monday, Nov. 2, 2020, kicking off a potentially turbulent stretch for markets, as Wall Street recovers some of its sharp sell-off from last week. (AP Photo/Mary Altaffer, File)
November 02, 2020 - 8:36 pm
BEIJING (AP) — Asian stock markets followed Wall Street higher on Tuesday as investors watched for U.S. election results, hoping a win by challenger Joe Biden in the presidential race might lead to more economic stimulus. Benchmarks in Shanghai, Hong Kong, Seoul and Sydney advanced. Japanese...
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A new home under construction is shown Thursday, Sept. 24, 2020, in Houston. U.S. construction spending increased 1.4% in August, led by a surge in spending on single-family homes. (AP Photo/David J. Phillip)
November 02, 2020 - 8:03 am
SILVER SPRING, Md. (AP) — U.S. construction spending rose 0.3% in September, the fourth straight monthly gain after a coronavirus-caused spring swoon, although a smaller gain than analysts had expected. The Commerce Department reported Monday that the September gain follows a downward revised gain...
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