Latest Economic stimulus News

French government to cut taxes on businesses, households

Sep. 24, 2018 9:11 AM EDT

PARIS (AP) — The French government plans to cut taxes by 24.8 billion euros ($29.2 billion) next year in an effort to boost the economy and create more jobs. Budget Minister Gerald Darmanin presented on Monday the country's budget for 2019, based on estimated economic growth of 1.7 percent. To be able to...

Developers propose $63M luxury hotel for Kansas City

Sep. 15, 2018 11:17 AM EDT

KANSAS CITY, Mo. (AP) — Two real estate executives have proposed a $63.5 million luxury hotel for Kansas City in an effort to boost the area's economy. Hotel Bravo would have 145 rooms and suites, a high-end restaurant and concierge areas on each floor, The Kansas City Star reported . E.J. Holtze...

Fed member sees gradual interest rates hikes in short term

Sep. 13, 2018 6:49 PM EDT

JACKSON, Miss. (AP) — Atlanta Federal Reserve Bank President Raphael Bostic said Thursday that he believes growth remains strong despite uncertainty over trade tensions, and he expects interest rates to continue to rise to a point where they neither stimulate nor slow the economy. "When the economy is...

ECB's Draghi: Trade war chief worry for global economy

Sep. 13, 2018 10:43 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank pushed forward Thursday with its plan to gradually phase out its monetary stimulus, saying it is confident in the region's growth. But its president, Mario Draghi, warned that the United States' trade dispute with several major powers has become a key...

Trump visit boost Billings area economy

Sep. 11, 2018 11:46 PM EDT

BILLINGS, Mont. (AP) — A marketing official says President Donald Trump's campaign stop last week in Montana boosted the Billings local economy much more than any public costs associated with the visit. The Billings Gazette reports that MetraPark marketing and sales manager Ray Massie told Yellowstone...

Congressional panel to visit a revitalized Hot Springs

Sep. 10, 2018 3:48 PM EDT

HOT SPRINGS, Ark. (AP) — Members of a congressional panel are getting ready to visit the recently revitalized city of Hot Springs after a public-private partnership worked to boost its economy. The House Natural Resources Committee on Sept. 17 will travel to the city that for decades was a premier resort...

Britain's May in Kenya to boost economic ties amid Brexit

Aug. 30, 2018 1:32 PM EDT

NAIROBI, Kenya (AP) — British Prime Minister Theresa May on Thursday became the first UK leader to visit Kenya in 30 years, bringing security and development funding to East Africa's commercial hub and neighboring Somalia as Britain seeks to boost economic ties ahead of a bumpy exit from the European Union...

European Central Bank: Slower growth likely temporary

Aug. 23, 2018 11:11 AM EDT

FRANKFURT, Germany (AP) — European Central Bank policymakers view slower-than-expected growth as a temporary hiccup and believe that the 19-country eurozone's upswing remains solid amid strengthening wage growth, the group said in a note released Thursday. The written account of the bank's July 26 meeting...

Belarusian leader Lukashenko fires Cabinet as economy sinks

Aug. 19, 2018 8:57 AM EDT

MINSK, Belarus (AP) — Belarusian President Alexander Lukashenko has fired his Cabinet, emphasizing the need to strengthen the economy to preserve the nation's post-Soviet independence. Lukashenko said he fired Prime Minister Andrei Kobyakov's Cabinet for failing to execute his orders and for paying too...

Egypt president defends painful austerity measures

Jul. 29, 2018 2:32 PM EDT

CAIRO (AP) — Egypt's president zealously defended his economic policies on Sunday, saying he was left with no choice but to embrace painful austerity measures to revive an economy mauled by years of political turmoil and violence. Abdel-Fattah el-Sissi was speaking at a youth conference a day after he...