Latest Economic policy News

Lebanon's incoming government restarts central bank audit

Sep. 17, 2021 11:33 AM EDT

BEIRUT (AP) — Lebanon’s incoming finance minister signed a contract on Friday with a New York-based company to conduct a forensic audit of the country’s central bank, a key demand of the international community to restore confidence in the crisis-struck Mideast nation. ...

EXPLAINER: Japanese ruling party race to determine next PM

Sep. 17, 2021 07:17 AM EDT

TOKYO (AP) — Official election campaigning started Friday for the next head of Japan's governing Liberal Democratic Party. The winner will almost certainly become leader of the world’s No. 3 economy, shaping key political, military and security roles in the region. ...

Japan governing party begins race to pick Suga successor

Sep. 17, 2021 07:16 AM EDT

TOKYO (AP) — The race is on for the next Japanese prime minister. Official election campaigning began Friday for the new head of Japan’s governing Liberal Democratic Party, who typically becomes the national leader because of the party's control over parliament. ...

China applies to join Pacific trade pact abandoned by Trump

Sep. 17, 2021 00:06 AM EDT

BEIJING (AP) — China has applied to join an 11-nation Asia-Pacific free trade group in an effort to increase its influence over international policies. Commerce Minister Wang Wentao submitted an application to the trade minister of New Zealand as a representative of the...

Judge reviews tax credits to support private school tuition

Sep. 16, 2021 19:48 PM EDT

FRANKFORT, Ky. (AP) — A judge heard arguments Thursday over the constitutionality of allowing public tax credits to support private school tuition as a school-choice dispute reached a Kentucky courtroom. Opponents said the provisions represent a form of aid to private...

Fed reviews ethics policies after prolific trading uncovered

Sep. 16, 2021 15:29 PM EDT

WASHINGTON (AP) — The Federal Reserve is reviewing the ethics policies that govern the financial holdings and activities of its senior officials in the wake of recent disclosures that two regional Fed presidents engaged in extensive trading last year. Robert Kaplan,...

EU unveils Indo-Pacific strategy, tries to allay China fears

Sep. 16, 2021 09:57 AM EDT

BRUSSELS (AP) — The European Union on Thursday unveiled a new strategy for boosting economic, political and defense ties in the Indo-Pacific, just hours after the United States, Britain and Australia announced a new security alliance likely to reshape their relations with the vast region. ...

Marks & Spencer blames Brexit for store closures in France

Sep. 16, 2021 07:43 AM EDT

LONDON (AP) — British retailer Marks & Spencer said Thursday that it will close 11 of its stores in France, mainly in Paris, as a result of fresh and chilled food supply issues related to Britain's departure from the European Union. The group blamed Brexit...

NC House speaker: Budget, new maps are goals for October

Sep. 15, 2021 18:16 PM EDT

RALEIGH, N.C. (AP) — Republican legislative leaders are aiming to finalize a North Carolina state government budget and complete redistricting by the end of October, House Speaker Tim Moore said on Wednesday. Speaking to reporters after a House floor session, Moore...

UK's Johnson replaces foreign secretary in Cabinet shake-up

Sep. 15, 2021 13:23 PM EDT

LONDON (AP) — British Prime Minister Boris Johnson demoted his top diplomat and fired his education minister in a major government shakeup Wednesday, as he tried to move on from a series of political missteps and revive his promise to “level up” prosperity across the U.K. ...