Economic policy

FILE - In this Monday, May 4, 2020 file photo, aircraft of German Lufthansa airline are parked on a runway at the airport in Frankfurt, Germany. German airline Lufthansa said Monday May 25, 2020, it has received approval for a 9 billion-euro ($9.8 billion) "stabilization package” from a government support fund to keep the company going through the turbulence from the coronavirus outbreak, but cautions the deal has not been approved by the European Union's executive commission. (AP Photo/Michael Probst, File)
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May 25, 2020 - 1:18 pm
FRANKFURT, Germany (AP) — Germany on Monday approved a 9 billion-euro ($9.8 billion) aid package for stricken airline Lufthansa to keep a major employer going through the turbulence of the coronavirus pandemic. But officials said Berlin was still in talks with the European Union's executive...
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In this photo released by Xinhua News Agency, visitors tour the Chinese internet security firm Qihoo 360 showcasing it 5G digital security and protection system at the World 5G Convention in Beijing on Nov. 21, 2019. One of China's biggest tech companies has criticized the Trump administration for "politicizing business" after it slapped export sanctions on 33 more Chinese enterprises and government entities. (Li Xin/Xinhua via AP)
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May 25, 2020 - 6:25 am
BEIJING (AP) — China demand Monday that Washington withdraw export sanctions imposed on Chinese companies in the latest round of a worsening conflict over technology, security and human rights. The foreign ministry accused the Trump administration of interfering in China's affairs by adding eight...
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FILE - In this Aug. 7, 2019, file photo, Reserve Bank of India (RBI) Governor Shaktikanta Das speaks during a press conference in Mumbai, India. India’s central bank on Friday, May 22, 2020, cut its key interest rate to 4% to revive the economy severely hit the coronavirus outbreak and a two-month lockdown. Reserve Bank of India Governor Das also said India's gross domestic product in financial 2020-21 was expected to have negative growth. (AP Photo/Rajanish Kakade, File)
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May 22, 2020 - 11:04 am
NEW DELHI (AP) — India’s central bank on Friday cut its key interest rate to 4% to counter the blow to the economy from the coronavirus pandemic and a lockdown meant to contain it. Reserve Bank of India Governor Shaktikanta Das forecast that the economy will contract in fiscal 2020-21. He did not...
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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)
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May 22, 2020 - 7:32 am
BEIJING (AP) — China’s No. 2 leader on Friday promised higher spending to revive its pandemic-stricken economy and curb surging job losses but avoided launching a massive stimulus on the scale of the United States or Japan. Premier Li Keqiang told lawmakers Beijing would set no economic growth...
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FILE - In this Oct. 1, 2019, file photo, soldiers from China's People's Liberation Army (PLA) Navy let out a yell as they march in formation during a parade to commemorate the 70th anniversary of the founding of Communist China in Beijing. China will boost defense spending by just 6.6% in 2020, the lowest rate in years as it battles an economic crisis brought on by the coronavirus outbreak, the government said Friday, May 22, 2020. (AP Photo/Mark Schiefelbein, File)
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May 22, 2020 - 1:00 am
BEIJING (AP) — China will increase its defense spending by 6.6% in 2020, the lowest rate in years as it battles an economic crisis brought on by the coronavirus outbreak, the government said Friday. The figure is down from the double-digit percentage increases of just a few years ago that have...
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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)
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May 21, 2020 - 10:52 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)
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May 21, 2020 - 6:29 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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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)
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May 19, 2020 - 1:23 pm
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)
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May 19, 2020 - 7:05 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)
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May 18, 2020 - 5:43 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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