Latest Economic stimulus News

South Korean president in Russia to boost economic ties

Jun. 22, 2018 10:20 AM EDT

MOSCOW (AP) — South Korean President Moon Jae-in visited Moscow Friday on a trip intended to boost bilateral economic ties. Following Moon's talks with Russian President Vladimir Putin in the Kremlin, officials from the two countries signed agreements on cooperation in various economic projects, energy,...

New Indiana natural gas power plant to bring economic perks

Jun. 14, 2018 7:51 PM EDT

NEW CARLISLE, Ind. (AP) — State and local officials in Indiana are expecting a new natural gas-fired power plant in St. Joseph County to bring an economic boost to the area. The (South Bend) Tribune reports that officials and project investors of the St. Joseph Energy Center cut the ribbon on Wednesday....

Europe, Fed moves show global shift away from cheap money

Jun. 14, 2018 2:14 PM EDT

RIGA, Latvia (AP) — Two of the globe's most powerful central banks are gradually withdrawing the easy money policies that helped repair the damage wrought by the Great Recession and push stock markets to record highs. It's a sign of confidence in the economy, but with uncertain consequences for consumers...

The Latest: European Central Bank says euro 'irreversible'

Jun. 14, 2018 9:59 AM EDT

RIGA, Latvia (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local): 4:30 p.m. In response to a question about populist politicians' claim that the euro is not good for some countries, the head of the European Central Bank says the shared currency is irreversible. Mario...

Egypt defends austerity measures amid fears of unrest

Jun. 13, 2018 12:16 PM EDT

CAIRO (AP) — Egypt's President Abdel-Fattah el-Sissi on Tuesday defended austerity measures aimed at reviving the economy, amid fears of public anger that may have motivated the arrests of activists and bloggers in recent weeks. The government recently raised the price of electricity and tap water as part...

UK gov't backs expansion of London's Heathrow Airport

Jun. 5, 2018 11:01 AM EDT

LONDON (AP) — A third runway at Heathrow Airport was approved Tuesday by Prime Minister Theresa May's Cabinet, setting the stage for a parliamentary vote on the matter after years of debate over how to increase airport capacity around London. Transport Secretary Chris Grayling described the decision by a...

US consumer spending up 0.6 percent, best in 5 months

May. 31, 2018 1:35 PM EDT

WASHINGTON (AP) — Americans boosted their spending by 0.6 percent in April, the biggest increase in five months and a strong indication that the economy is reviving after a winter slowdown. The Commerce Department said Thursday that last month's increase in consumer spending was the largest increase since...

New research partnership aims to speed drug discoveries

May. 28, 2018 8:47 AM EDT

ALBANY, N.Y. (AP) — A new research partnership in western New York is aiming to speed the discovery and commercialization of life-saving medications. The new Empire Discovery Institute brings together experts from the universities of Buffalo and Rochester and Roswell Park Comprehensive Cancer Center. The...

Coal industry praises Northam decision to sign tax credit

May. 27, 2018 9:55 AM EDT

RICHMOND, Va. (AP) — Southwest Virginia lawmakers and coal industry representatives see hope for economic development in Gov. Ralph Northam's decision to sign a bill reinstating a pared-down tax credit for certain coal producers, but environmental groups call the move a wasteful corporate giveaway. The...

AP Explains: Congress moves to roll back Dodd-Frank law

May. 22, 2018 8:02 PM EDT

WASHINGTON (AP) — Just over decade ago, the first inklings of the coming recession emerged as a housing bubble fueled by scant regulation, low-interest rates and easy credit gradually began to crater and soon would take the rest of the economy along for the painful ride. By the time the Great Recession...