Latest Economic policy News

FILE — In this Friday, April 24, 2020 file photo, South African President Cyril Ramaphosa visits a field hospital in Johannesburg. Ramaphosa has announced he has gone into quarantine after coming into contact with a dinner guest who has tested positive for COVID-19. He came into contact with a guest at a dinner of 35 people in Johannesburg last weekend, the president's spokesman said Wednesday, Oct. 28. (AP Photo/Jerome Delay, File)

South Africa's president criticizes 'vaccine nationalism'

Jan. 26, 2021 7:18 AM EST

JOHANNESBURG (AP) — South African president and African Union chairman Cyril Ramaphosa has called on richer nations to release surplus vaccine doses to the rest of the world. Delivering an address Tuesday to the virtual World Economic Forum dialogue, Ramaphosa highlighted the African Union’s...

President Joe Biden speaks during an event on American manufacturing, in the South Court Auditorium on the White House complex, Monday, Jan. 25, 2021, in Washington. (AP Photo/Evan Vucci)

Biden more bullish on vaccines, open to 1.5M daily shot goal

Jan. 26, 2021 6:07 AM EST

WASHINGTON (AP) — President Joe Biden appeared to boost his goal for coronavirus vaccinations in his first 100 days in office, suggesting the nation could soon be injecting 1.5 million shots on an average per day. Biden signaled on Monday his increasing bullishness on the pace of vaccinations after signing...

FILE - In this Jan. 25, 2021, file photo, President Joe Biden answers questions from reporters in the South Court Auditorium on the White House complex, in Washington. Biden is unlikely to confront China on trade right away because he wants to focus on the coronavirus and the economy, but he does look set to renew pressure over trade and technology grievances that prompted President Donald Trump to hike tariffs on Chinese imports in 2017. (AP Photo/Evan Vucci, File)

Under Biden, China faces renewed trade pressure

Jan. 26, 2021 3:41 AM EST

BEIJING (AP) — The U.S.-Chinese trade war isn’t going away under President Joe Biden. Biden won’t confront Beijing right away, economists say, because he wants to focus on the coronavirus and the economy. But he looks set to renew pressure over trade and technology grievances that prompted...

UN forecasts 4.7% global economic growth in 2021

Jan. 25, 2021 9:03 PM EST

UNITED NATIONS (AP) — The United Nations warned Monday that the world economy is “on a cliffhanger,” still reeling from the COVID-19 pandemic whose impact will be felt for years but still expected to make a modest recovery of 4.7% in 2021 which would barely offset 2020 losses. The...

President-elect Joe Biden, right, listens as Janet Yellen, who Biden nominated to serve as Secretary of the Treasury, speaks at The Queen theater, Tuesday, Dec. 1, 2020, in Wilmington, Del. (AP Photo/Andrew Harnik)

Janet Yellen wins Senate approval as treasury secretary

Jan. 25, 2021 7:35 PM EST

WASHINGTON (AP) — The Senate on Monday approved President Joe Biden’s nomination of Janet Yellen to be the nation’s 78th treasury secretary, making her the first woman to hold the job in the department's 232-year history. Yellen, a former chair of the Federal Reserve, was approved by the...

President Joe Biden speaks during an event on American manufacturing, in the South Court Auditorium on the White House complex, Monday, Jan. 25, 2021, in Washington. (AP Photo/Evan Vucci)

Biden more bullish on vaccines, open to 1.5M daily shot goal

Jan. 25, 2021 6:40 PM EST

WASHINGTON (AP) — President Joe Biden on Monday appeared to boost his goal for coronavirus vaccinations in his first 100 days in office, suggesting the nation could soon be injecting 1.5 million shots on an average per day. Biden signaled his increasing bullishness on the pace of vaccinations after signing...

Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing on Capitol Hill in Washington, Wednesday, Dec. 2, 2020. (Greg Nash/Pool via AP)

Fed will likely stress commitment to low rates amid pandemic

Jan. 25, 2021 11:59 AM EST

WASHINGTON (AP) — The Federal Reserve this week will likely underscore its commitment to its low-interest rate policies, even as the economy recovers further from the devastation of the viral pandemic. Chair Jerome Powell is sure to strike a dovish tone at a news conference after the Fed's latest policy...

Exterior view of the congress center in Davos, Switzerland, Monday, Jan. 25, 2021. The World Economic Forum, WEF, was scheduled to take place in Davos between Jan. 25 and Jan. 29, 2021. Due to the Coronavirus outbreak it will be held in a digital format. (Gian Ehrenzeller/Keystone via AP)

China's Xi calls for unity in fighting virus, climate change

Jan. 25, 2021 8:58 AM EST

Countries must cooperate more closely in fighting the challenges of the pandemic and climate change and in supporting a sustainable global economic recovery, Chinese President Xi Jinping said Monday in an address to the World Economic Forum. “Humanity has only Earth and one future,” Xi said in...

Britain's Prime Minister Boris Johnson speaks during a coronavirus press conference at 10 Downing Street in London, Friday Jan. 22, 2021.  Johnson announced that the new variant of COVID-19, which was first discovered in the south of England, may be linked with a possible increase in the mortality rate. (Leon Neal/Pool via AP)

Britain's Boris Johnson presses Biden for new trade deal

Jan. 24, 2021 9:41 AM EST

WASHINGTON (AP) — British Prime Minister Boris Johnson made clear to President Joe Biden on Saturday that he's eager to forge a new U.S.-U.K. trade deal. The push for a new deal came in a broad-ranging call between the two leaders that touched on the global response to the coronavirus pandemic as well as...

In this image provided by Christus St. Vincent Regional Medical Center, pharmacy staff members unpack the first shipment of COVID-19 vaccines at the hospital in Santa Fe, New Mexico, on Monday, Dec. 14, 2020. The medical center was the first in New Mexico to receive doses as hospitals elsewhere around the state prepared for deliveries later this week. (Christus St. Vincent Regional Medical Center via AP)

New Mexico leads nation in Medicaid health care enrollment

Jan. 22, 2021 7:25 PM EST

SANTA FE, N.M. (AP) — New Mexico has surpassed all other states in its reliance on Medicaid health care as the coronavirus wreaks economic havoc and shifts the way people receive health care, the state's Medicaid director told a panel of lawmakers on Friday. Residents have flocked to the federal- and...