Economic policy

European Energy Commissioner Maros Sefcovic addresses a video press conference following a meeting of the EU-UK Joint Committee on Brexit at the EU headquarters in Brussels, Friday, June 12, 2020. The British government said Friday it will delay bringing in full border checks on goods coming from the European Union to relieve pressure on businesses hammered by the coronavirus pandemic. (Kenzo Tribouillard, Pool Photo via AP)
June 12, 2020 - 7:33 am
LONDON (AP) — The British government said Friday it will delay bringing in full border checks on goods coming from the European Union to relieve pressure on businesses hammered by the coronavirus pandemic. But the U.K. once again ruled out delaying its full economic break with the bloc beyond the...
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German Chancellor Angela Merkel attends a special cabinet meeting of the German government about the a stimulus program to booster the German economy after the coronavirus lockdown, at the chancellery in Berlin, Germany, Friday, June 12, 2020. (AP Photo/Markus Schreiber, Pool)
June 12, 2020 - 3:31 am
BERLIN (AP) — Germany’s Cabinet has approved a temporary cut in value-added tax starting next month in a bid to boost consumer demand in Europe’s biggest economy, a centerpiece of the country’s 130 billion-euro ($148 billion) stimulus package. The finance minister made clear Friday that he doesn't...
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FILE - In this April 4, 2018, file photo, Chinese then Finance Vice Minister Zhu Guangyao speaks during a press conference on Sino-US trade issues at the State Council Information Office in Beijing. Beijing will honor its trade deal with the U.S. and wants to see better ties with Washington, senior Chinese officials said Thursday, June 11, 2020. Zhu said the two countries should “waste no time” in improving relations to help better coordinate a response to the coronavirus pandemic. (AP Photo/Andy Wong, File)
June 11, 2020 - 5:48 pm
BEIJING (AP) — Beijing will honor its trade deal with the U.S. and wants to see better ties with Washington, senior Chinese officials said Thursday. Zhu Guangyao, a former finance minister and Cabinet adviser, said the two countries should “waste no time” in improving relations to help better...
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A currency trader walks by a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, June 11, 2020. Asian shares were mostly lower Thursday, with Tokyo dropping more than 1% as the Japanese yen gained after the Federal Reserve said it would keep interest rates low through 2022. (AP Photo/Lee Jin-man)
June 10, 2020 - 8:57 pm
TOKYO (AP) — Asian shares were mostly lower Thursday, with Tokyo dropping more than 1% as the Japanese yen gained after the Federal Reserve said it would keep interest rates low through 2022. Asian markets had been expected to fall after the Fed signaled a long path to recovery from the devastation...
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FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. The Federal Reserve says it will keep buying bonds, Wednesday, June 10, to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly all the Fed’s policymakers foresee no rate hike through 2022. .(AP Photo/Jacquelyn Martin, File)
June 10, 2020 - 3:32 pm
WASHINGTON (AP) — Confronted with an economy gripped by recession and high unemployment, the Federal Reserve signaled Wednesday that it expects to keep its key short-term interest rate near zero through 2022. At the same time, the Fed said it will keep buying about $120 billion in Treasury and...
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FILE - In this Dec. 9, 2019, file photo mist rolls over the U.S. Capitol dome on Capitol Hill in Washington. The federal government recorded a budget deficit of $1.88 trillion for the first eight months of 2020, larger than even any annual shortfalls in U.S. history. The sea of red ink grew as government spending shot up to deal with the coronavirus pandemic and tax revenue shrank when millions lost their jobs. (AP Photo/Patrick Semansky, File)
June 10, 2020 - 12:09 pm
WASHINGTON (AP) — The federal government recorded a budget deficit of $1.88 trillion for the first eight months of this budget year, larger than even any annual shortfalls in U.S. history. The sea of red ink grew as government spending shot up to deal with the coronavirus pandemic and tax revenue...
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FILE - In this June 18, 2019 file photo, an Airbus A330 performs a demonstration flight at Paris Air Show, in Le Bourget, north east of Paris. France's government has announced 15 billion euros ($16.9 billion) in aid for the virus-battered aerospace industry, including plane maker Airbus and national airline Air France. (AP Photo/ Francois Mori, File)
June 09, 2020 - 4:43 am
PARIS (AP) — France’s government is pumping 15 billion euros ($16.9 billion) in rescue money into the pandemic-battered aerospace industry, in hopes of saving its hundreds of thousands of jobs and keeping plane maker Airbus and national airline Air France globally competitive. In exchange for aid,...
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FILE - In this March 6, 2020, file photo, Cathay Pacific Airways aircraft line up on the tarmac at the Hong Kong International Airport. Financially battered Hong Kong airline Cathay Pacific Airways says it is proposing the government help fund a $5 billion recapitalization plan to help it recover from the coronavirus pandemic. (AP Photo/Kin Cheung)
June 09, 2020 - 4:35 am
HONG KONG (AP) — Financially battered Hong Kong airline Cathay Pacific Airways has become the latest airline to resort to government support to survive the coronavirus pandemic. The Hong Kong government on Tuesday approved a 39 billion Hong Kong dollar ($5 billion) recapitalization plan that calls...
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Containers are loaded on a ship at Saigon port in Ho Chi Minh city, Vietnam May 3, 2020. Vietnam on Monday, June 8, 2020, ratified a significant trade deal with the European Union, which is expected boost the country's manufacturing sector and exports, as it recovers from a dip caused by the coronavirus pandemic. (AP Photo/Hau Dinh)
June 07, 2020 - 7:54 pm
HANOI, Vietnam (AP) — Vietnam on Monday ratified a significant trade deal with the European Union, which is expected to boost the country’s manufacturing sector and exports, as it recovers from a dip caused by the coronavirus pandemic. Lawmakers approved the agreement as they met in the National...
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People wearing face masks to protect against the new coronavirus walk at a government event aiming to stimulate consumer demand and consumption in Beijing, Saturday, June 6, 2020. China's capital is lowering its emergency response level to the second-lowest starting Saturday for the coronavirus pandemic. That will lift most restrictions on people traveling to Beijing from Wuhan and surrounding Hubei province, where the virus first appeared late last year. (AP Photo/Mark Schiefelbein)
June 06, 2020 - 7:59 pm
BEIJING — China has reported its first non-imported case of the new coronavirus in two weeks, an infected person on the island of Hainan off the southern coast. The National Health Commission said Sunday that there were also five imported cases in the previous 24-hour period, bringing the nation’s...
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