Latest Economic policy News

British FM heads to Southeast Asia looking for closer ties

Jun. 21, 2021 06:21 AM EDT

BANGKOK (AP) — Britain's foreign minister headed to Southeast Asia on Monday on a three-nation visit as his country looks to promote closer ties and trade with the region following the U.K.'s exit from the European Union. Foreign Minister Dominic Raab's trip to...

Taiwan to maintain Hong Kong office despite visa problems

Jun. 21, 2021 06:04 AM EDT

TAIPEI, Taiwan (AP) — Taiwan says it will continue operating its de facto consulate in Hong Kong in spite of visa difficulties for its staffers while also providing consular services online. The Taipei Economic and Cultural Office in Hong Kong has been unable to get...

Uganda Olympic team member tests positive for coronavirus

Jun. 19, 2021 21:13 PM EDT

TOKYO (AP) — A member of Uganda’s Olympic team has tested positive for the coronavirus and was barred entry into Japan, in the first detected infection among arriving athletes for the Tokyo Games opening in five weeks. The eight other members of the team left early...

Laconia Motorcycle Week is about to draw to a close

Jun. 19, 2021 12:42 PM EDT

LACONIA, N.H. (AP) — The 98th annual Laconia Motorcycle Week is wrapping up this weekend, and many business owners are grateful for the economic boost. Event organizers and local officials said Motorcycle Week was the busiest in years — and far busier than the event...

Republicans point to inflation in bid to retake Congress

Jun. 18, 2021 10:43 AM EDT

WASHINGTON (AP) — Gas prices have whizzed past $3 per gallon in much of the nation. The cost of used cars and new furniture, airline tickets, department store blouses, ground beef and a Chipotle burrito are on the rise, too. Many economists say the price increases are...

GOP needs new health care target; 'Obamacare' survives again

Jun. 18, 2021 00:39 AM EDT

WASHINGTON (AP) — The Supreme Court's latest rejection of a Republican effort to dismantle “Obamacare” signals anew that the GOP must look beyond repealing the law if it wants to hone the nation's health care problems into a winning political issue. Thursday's 7-2...

Asian shares mostly rise as markets digest Fed moves

Jun. 17, 2021 23:58 PM EDT

TOKYO (AP) — Asian shares mostly rose Friday, as investors digested the latest message from the U.S. Federal Reserve on raising short-term interest rates by late 2023. Japan's benchmark added 0.3% in morning trading to 29,108.23. South Korea's Kospi edged 0.1% higher...

How major US stock indexes fared Thursday

Jun. 17, 2021 16:42 PM EDT

Most stocks ended lower on Wall Street Thursday as investors continued to interpret new guidance from the Federal Reserve, which is now looking at potentially raising interest rates as soon as 2023. Banks were one of the biggest drags on the market as bond yields fell....

Scotch whisky makers welcome suspension of costly US tariffs

Jun. 17, 2021 16:33 PM EDT

LONDON (AP) — Scotch single malt whisky makers breathed a sigh of relief Thursday after the United States agreed to suspend tariffs on one of Scotland's main exports in the wake of the resolution of a long-standing transatlantic trade row over subsidies to aircraft companies Boeing and...

US average mortgage rates mostly lower; 30-year at 2.93%

Jun. 17, 2021 14:02 PM EDT

WASHINGTON (AP) — Mortgage rates were mostly lower this week as the economy continued to show signs of recovery from the pandemic recession and recent bursts of inflation were deemed temporary by federal policymakers. Mortgage buyer Freddie Mac reported Thursday that...