Latest Economic policy News
South Africa's president criticizes 'vaccine nationalism'
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...
Biden more bullish on vaccines, open to 1.5M daily shot goal
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...
Under Biden, China faces renewed trade pressure
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
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...
Janet Yellen wins Senate approval as treasury secretary
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...
Biden more bullish on vaccines, open to 1.5M daily shot goal
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...
Fed will likely stress commitment to low rates amid pandemic
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...
China's Xi calls for unity in fighting virus, climate change
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 Boris Johnson presses Biden for new trade deal
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...
New Mexico leads nation in Medicaid health care enrollment
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...
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