Latest Economic stimulus News

Eurozone unemployment a bright spot amid growing gloom

Jan. 9, 2019 6:55 AM EST

LONDON (AP) — Unemployment across the 19-country eurozone fell in November to a decade-low rate, official figures showed Wednesday, but worries over the economic outlook have stoked concerns it may not fall much lower, if at all. Eurostat, the European Union's statistics agency, said a 90,000 monthly fall...

Egypt introduces price index for fuel linked to oil prices

Jan. 8, 2019 11:23 AM EST

CAIRO (AP) — Egypt has created a new automatic price index mechanism for 95-octane gasoline as part of a reform program aimed at reviving the country's economy. The official Gazette has published a decision to establish a technical committee to review the pricing mechanism on 95-octane gasoline every three...

Mexico launches plan to stimulate US border economy

Jan. 5, 2019 4:06 PM EST

MEXICO CITY (AP) — President Andres Manuel Lopez Obrador launched an ambitious plan Saturday to stimulate economic activity on the Mexican side of the U.S.-Mexico border, reinforcing his country's commitment to manufacturing and trade despite recent U.S. threats to close the border entirely. Mexico will...

No more paperwork: Estonia edges toward digital government

Dec. 26, 2018 12:56 PM EST

TALLINN, Estonia (AP) — In the Estonian capital of Tallinn, three-day-old Oskar Lunde sleeps soundly in his hospital cot, snuggled into a lime green blanket decorated with red butterflies. Across the room, his father turns on a laptop. "Now we will register our child," Andrejs Lunde says with gravity as he...

Asian shares fall on poor Chinese economic data

Dec. 13, 2018 11:00 PM EST

SINGAPORE (AP) — Asian markets tumbled on Friday after China reported weaker-than-expected economic data, stirring up worries about the state of the world's second largest economy. KEEPING SCORE: Japan's Nikkei 225 index slid 1.7 percent to 21,439.16 and the Kospi in South Korea lost 1.2 percent to...

Eurozone stimulus program to end as growth worries resurface

Dec. 13, 2018 10:47 AM EST

FRANKFURT, Germany (AP) — The European Central Bank is ending the massive stimulus program that helped nurse the eurozone economy back to health over the past four years — despite the emergence of new risks including a global trade war and Brexit. Thursday's decision to stop the bank's monthly bond...

The Latest: Low rates expected to support European economy

Dec. 13, 2018 8:58 AM EST

FRANKFURT, Germany (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local): 2:55 p.m. European Central Bank President Mario Draghi says strong domestic demand and low interest rates are supporting the economy in Europe despite a recent moderation in growth. Draghi said at...

Unfinished business: UN migrant pact inked, but foes remain

Dec. 11, 2018 5:47 PM EST

MARRAKECH, Morocco (AP) — Seeking to remind the world that migrants are people, too, a U.N. migration conference ended Tuesday with pledges to put a landmark new accord to work, but it left unfinished business on ending the divisive debate between nationalists and globalists as migrant detention centers,...