Economic policy

Chancellor of the Duchy of Lancaster Michael Gove, center right, and Vice-President of the European Commission in charge of Inter-institutional relations and Foresight Maros Sefcovic, center left, attend the third meeting of the EU-UK Joint Committee at EU headquarters in Brussels, Monday, Sept. 28, 2020. At center on screen is EU chief Brexit negotiator Michel Barnier joining by videoconference. (John Thys, Pool via AP)
September 28, 2020 - 3:24 pm
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 drop plans to breach the legally binding agreement it signed on its departure from the bloc. The EU told British Prime Minister Boris Johnson to brace for a...
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September 28, 2020 - 12:03 pm
FRANKFURT, Germany (AP) — European Central Bank head Christine Lagarde says the bank's massive monetary stimulus measures have helped stabilize the economy amid the pandemic and the ECB is ready to deploy even more stimulus if necessary. Lagarde told members of the European Parliament's economic...
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French President Emmanuel Macron speaks during a press conference on the situation in Lebanon, Sunday, Sept.27, 2020 in Paris. Lebanon's prime minister-designate Moustapha Adib resigned Saturday amid a political impasse over government formation, dealing a blow to French President Emmanuel Macron's efforts to break a dangerous stalemate in the crisis-hit country. (AP Photo/Lewis Joly, Pool)
September 27, 2020 - 3:06 pm
PARIS (AP) — French President Emmanuel Macron assailed Hezbollah and the entire Lebanese political class Sunday, and warned of a new civil war if they can’t set aside personal and religious interests to unlock international aid and save Lebanon from economic collapse. But Macron said France wouldn’...
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European Commission's Head of Task Force for Relations with the United Kingdom Michel Barnier, right, meets with European Council President Charles Michel at the EU Council building in Brussels, Friday, Sept. 18, 2020. (Yves Herman, Pool via AP)
September 25, 2020 - 11:31 am
BRUSSELS (AP) — European Union leader Charles Michel used the virtual pulpit of the U.N. General Assembly on Friday to lash out at Britain for its threats to renege on parts of the withdrawal treaty it signed with the EU and warned that the 27-nation bloc won't back down in the final weeks of...
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A woman looks at screens showing Japan's Nikkei 225 index at a securities firm in Tokyo on Friday, Sept. 25, 2020. Asian shares advanced Friday, cheered by a modest rally on Wall Street and rising hopes for fresh stimulus for the U.S. economy.(AP Photo/Hiro Komae)
September 24, 2020 - 11:52 pm
TOKYO (AP) — Asian shares advanced Friday, cheered by a modest rally on Wall Street and rising hopes for fresh stimulus for the U.S. economy. Despite signs of a global economic rebound in the third quarter, worries remain the upturn may be running out of steam. House Democrats said they are paring...
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In this image made from UNTV video, Alassane Ouattara, President of Cote d'Ivoire, speaks in a pre-recorded message which was played during the 75th session of the United Nations General Assembly, Thursday Sept. 24, 2020, at UN headquarters, in New York. (UNTV via AP)
September 24, 2020 - 5:52 pm
JOHANNESBURG (AP) — African nations came out swinging on the third day of the United Nations annual gathering of world leaders Thursday, calling for dramatic fiscal measures to help economies survive the coronavirus pandemic — which one leader called the “fifth horseman of the apocalypse.” Africa's...
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Treasury Secretary Steve Mnuchin testifies during the Senate's Committee on Banking, Housing, and Urban Affairs hearing examining the quarterly CARES Act report to Congress on Capitol Hill, Wednesday, Sept. 24, 2020, in Washington. (Toni L. Sandys/The Washington Post via AP, Pool)
September 24, 2020 - 2:23 pm
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell said Thursday that the government’s top priorities in any new economic relief package should be to provide affordable loans to small businesses and further support for millions of Americans still...
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Commuters at Waterloo Station, in London, Thursday, Sept. 24, 2020, after Britain's Prime Minister Boris Johnson announced a range of new restrictions to combat the rise in coronavirus cases in England. (Victoria Jones/PA via AP)
September 24, 2020 - 1:01 pm
LONDON (AP) — Britain’s treasury chief announced a new income support program Thursday for workers hurt by the coronavirus pandemic, as the government races to prevent widespread layoffs when earlier employer subsidies end next month. Chancellor Rishi Sunak, in a speech to lawmakers, unveiled his...
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September 24, 2020 - 8:48 am
ANKARA, Turkey (AP) — Turkey’s Central Bank raised its benchmark interest rate by 2 percentage points on Thursday, its first hike in two years to fight inflation and support its falling currency. In a surprise move that helped boost the Turkish currency, the Monetary Policy Committee said it had...
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Olaf Scholz, Federal Minister of Finance, attends the meeting of the Federal Cabinet in the Federal Chancellery in Berlin, Germany, Sept. 23, 2020. (Kay Nietfeld/dpa via AP)
September 23, 2020 - 9:02 am
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 the fallout of the coronavirus crisis. The budget plan calls for spending of 413.4 billion euros ($485 billion) next year, down from...
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