Economic policy

Delegates applaud as Chinese President Xi Jinping arrives for the opening session of China's National People's Congress (NPC) at the Great Hall of the People in Beijing, Friday, May 22, 2020. (AP Photo/Ng Han Guan, Pool)
May 21, 2020 - 10:57 pm
BEIJING (AP) — China’s top economic official on Friday promised higher spending to revive its pandemic-stricken economy and curb surging job losses but steered clear of launching a massive stimulus on the scale of the United States or Japan. Premier Li Keqiang, in a speech to legislators, said...
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A woman walks past a store advertising sales at 70 percent off, Thursday, May 21, 2020, in Cleveland. More than 2.4 million people applied for U.S. unemployment benefits last week in the latest wave of layoffs from the viral outbreak that triggered widespread business shutdowns two months ago and sent the economy into a deep recession. (AP Photo/Tony Dejak)
May 21, 2020 - 7:52 pm
WASHINGTON (AP) — The number of Americans applying for unemployment benefits in the two months since the coronavirus took hold in the U.S. has swelled to nearly 39 million, the government reported Thursday, even as states from coast to coast gradually reopen their economies and let people go back...
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In this Wednesday, May 20, 2020, photo, Chinese police stand guard in front of Tiananmen Gate in Beijing. This year's version of China's biggest political meeting of the year will be unlike any other. Delayed from March because of the then-spiraling coronavirus outbreak, the decision to go ahead with the gathering signals a partial return to normalcy in the country where the pandemic first broke out. "Partial" being the operative word: The congress will be far from normal. (AP Photo/Mark Schiefelbein)
May 21, 2020 - 3:29 am
WASHINGTON (AP) — Beyond its hard-hitting rhetoric against China over its handling of the coronavirus, the White House has issued a broad-scale attack on Beijing's predatory economic policies, military buildup, disinformation campaigns and human rights violations. The 20-page report does not signal...
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May 20, 2020 - 10:17 am
FRANKFURT, Germany (AP) — German Chancellor Angela Merkel said Wednesday that her government is in “intensive talks” with Lufthansa and the European Commission over a potential bailout for the airline, whose business has dwindled due to the virus outbreak. Merkel said that an agreement could come “...
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FILE - In this Wednesday, Feb. 5, 2020 file photo, European Commission's Head of Task Force for Relations with the United Kingdom Michel Barnier, right, is greeted by David McAllister, the German EU parliamentarian who is the legislature's top official on the bilateral relations. Slowed by the coronavirus pandemic and whipped up by a British-imposed deadline, talks between the EU and the UK on a future relationship in the wake of Brexit are struggling to make significant progress. A third negotiation session is drawing to a close on Friday, May 15, 2020 but so far, just over 100 days after the official exit of the UK from the EU, fundamental gaps still exist. (AP Photo/Francisco Seco, File)
May 19, 2020 - 10:23 am
LONDON (AP) — The British government published Tuesday the outlines of a new post-Brexit tariff regime that could potentially lead to a fall in the price of thousands of products, including Christmas trees, cocoa and fridges. The Department for International Trade said the new regime will see...
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A worker wearing a face mask disinfects as a precaution against the new coronavirus ahead of school reopening in a class at Yeouido Girls High School in Seoul, South Korea, Tuesday, May 19, 2020. South Korean Vice Health Minister Kim Gang-lip urged vigilance to maintain hard-won gains against the virus and called for education officials to double check preventive measures with high-school seniors returning to school on Wednesday. (AP Photo/Ahn Young-joon)
May 19, 2020 - 4:05 am
BANGKOK (AP) — Hong Kong’s leader says the city is ramping up testing for the coronavirus, especially for workers at the busy international airport and caregivers at homes for the elderly and disabled. Carrie Lam said Tuesday that tests would be increased from 4,500 to 7,000 daily, with both the...
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Treasury Secretary Steven Mnuchin wears a mask as he walks on the grounds of the White House, Thursday, May 14, 2020, in Washington. (AP Photo/Alex Brandon)
May 18, 2020 - 2:43 pm
WASHINGTON (AP) — The Treasury Department and Federal Reserve have lent hardly any money under a $500 billion fund created by the economic rescue law passed in response to the coronavirus crisis, a congressional oversight panel says in a new report. The Treasury fund is being used to guarantee new...
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In this photo taken on Saturday, May 9, 2020, a patient suspected of having the coronavirus infection breathes with the aid of an oxygen mask at the regional hospital in Chernivtsi, Ukraine. The hospital lacks a centralized oxygen supply and has to rely mostly on refillable oxygen masks, reflecting a pitiful state of Ukraine's underfunded health care system that was quickly overwhelmed by the coronavirus even with a relatively low number of infections. (AP Photo/Evgeniy Maloletka)
May 18, 2020 - 2:14 am
CHERNIVTSI, Ukraine (AP) — A breathing machine at a Ukrainian hospital breaks down, leaving a coronavirus patient gasping helplessly for air. Dr. Olha Kobevko rushes from room to room to see if there is an electrician among her other patients who can fix it. Eventually, she figures out a way to get...
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Migrant workers from other states trying to return to their homes wait for transportation to a train station in Ahmedabad, India, Sunday, May 17, 2020. Tens of thousands of migrant laborers have been returning from big cities to their villages after losing jobs because of a countrywide lockdown imposed in late March to contain the spread of the coronavirus. (AP Photo/Ajit Solanki)
May 17, 2020 - 8:40 am
NEW DELHI (AP) — India on Sunday extended its nearly 2-month-old lockdown by two weeks after reporting nearly 5,000 new coronavirus cases, but said restrictions could be eased in low-risk areas to boost economic activity. After surpassing China on Saturday, India now has the most confirmed virus...
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European Union's chief Brexit negotiator Michel Barnier speaks during a media conference, following the third round of Brexit talks between the EU and Britain, at EU headquarters in Brussels, Friday, May 15, 2020. Talks between the European Union and the United Kingdom on their future relationship in the wake of Brexit have ground to a near-standstill despite the urgency for progress before a summit next month.(Francois Lenoir, Pool Photo via AP)
May 15, 2020 - 6:09 am
BRUSSELS (AP) — Talks between the European Union and the United Kingdom on their post-Brexit relationship ground to a near-standstill Friday, with each side accusing the other of blocking progress on a trade deal just weeks before a crucial summit. The EU's chief negotiator, Michel Barnier, told a...
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