Latest Economic stimulus News

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...

European Central Bank says rates will remain low for months

Jul. 26, 2018 11:16 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank is stressing that interest rates will stay low well into next year even as the U.S. Federal Reserve is expected to keep raising rates in coming months. The central bank for the 19 countries that use the euro left its key rates and monetary stimulus...

The Latest: Trump: US needs 'people with training' for jobs

Jul. 19, 2018 3:40 PM EDT

WASHINGTON (AP) — The Latest on President Donald Trump's job training initiative (all times local): 3:40 p.m. President Donald Trump says nearly two dozen companies and trade organizations are signing his pledge to provide job training and apprenticeship programs as a way to boost the U.S. economy. Trump...

ECB research says stimulus didn't favor the rich

Jul. 18, 2018 2:12 AM EDT

FRANKFURT, Germany (AP) — New research published by the European Central Bank pushes back against criticism levelled at its 2.4 trillion euro ($2.8 trillion) stimulus program, indicating it did not increase inequality and helped boost poorer households' income by putting people back to work. The arguments...