Latest Economic policy News

FILE - In this Sunday, Jan. 19, 2020 file photo, participants wave British and U.S. flags during a rally demanding electoral democracy and call for boycott of the Chinese Communist Party and all businesses seen to support it in Hong Kong. Only five years ago, former British Prime Minister David Cameron was celebrating a “golden era” in U.K.-China relations, bonding with President Xi Jinping over a pint of beer at the pub and signing off trade deals worth billions. Those friendly scenes now seem like a distant memory, with hostile rhetoric ratcheting up this week over Beijing’s new national security law on Hong Kong. China has threatened “consequences” after Britain offered refuge to millions in the former colony. (AP Photo/Ng Han Guan, file)

UK-China ties freeze with debate over Huawei, Hong Kong

Jul. 12, 2020 3:53 PM EDT

LONDON (AP) — Only five years ago, then-British Prime Minister David Cameron was celebrating a “golden era” in U.K.-China relations, bonding with President Xi Jinping over a pint of beer at the pub and signing off on trade deals worth billions. Those friendly scenes now seem like a distant...

FILE - In this June 29, 2019, file photo President Donald Trump, left, poses for a photo with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, Japan. China has fast become a top election issue as President Donald Trump and Democrat Joe Biden engage in a verbal brawl over who's better at playing the tough guy against Beijing. (AP Photo/Susan Walsh, File)

Trump, Biden try to outdo each other on tough talk on China

Jul. 12, 2020 3:32 PM EDT

WASHINGTON (AP) — China has fast become a top election issue as President Donald Trump and Democrat Joe Biden engage in a verbal brawl over who's better at playing the tough guy against Beijing. The Trump campaign put out ads showing Biden toasting China's Xi Jinping, even though Trump did just that with...

Workers in protective suits administer coronavirus tests at a COVID-19 testing site for those who were potentially exposed to the coronavirus at a wholesale food market in Beijing, Wednesday, June 17, 2020. As the number of cases of COVID-19 in Beijing climbed in recent days following an outbreak linked to a wholesale food market, officials announced they had identified hundreds of thousands of people who needed to be tested for the coronavirus. (AP Photo/Mark Schiefelbein)

The Latest: China rejects food imports after virus detected

Jul. 10, 2020 10:47 PM EDT

BEIJING — New coronavirus cases have dropped sharply in China, and authorities are turning their attention to concerns that the virus could spread through imported food. Those worries have risen since a June outbreak in Beijing that was linked to the city’s largest wholesale market. Testing has...

FILE - This July 31, 2019, file photo, shows the Federal Reserve logo ahead of the start of a scheduled news conference by Chairman Jerome Powell in Washington. The Federal Reserve says it purchased $1.3 billion in corporate bonds in late June 2020 as part of its effort to keep U.S. interest rates low and ensure large companies can borrow by selling bonds. (AP Photo/Manuel Balce Ceneta, File)

Fed buys more corporate bonds but may soon end purchases

Jul. 10, 2020 7:55 PM EDT

WASHINGTON (AP) — The Federal Reserve said Friday that it purchased $1.3 billion in corporate bonds in late June as part of its effort to keep U.S. interest rates low and ensure large companies can borrow by selling bonds. The Fed bought bonds issued by several hundred large companies, including AT&T,...

FILE - In this Sunday, April 12, 2020 file photo, Cardinal Timothy Dolan, right, delivers his homily over mostly empty pews as he leads an Easter Mass at St. Patrick's Cathedral in New York. Due to coronavirus concerns, no congregants were allowed to attend the Mass which was broadcast live on local TV. The Archdiocese of New York received 15 loans worth at least $28 million just for its top executive offices. St. Patrick’s Cathedral on Fifth Avenue was approved for at least $1 million. (AP Photo/Seth Wenig)

AP: Catholic Church lobbied for taxpayer funds, got $1.4B

Jul. 10, 2020 1:04 PM EDT

NEW YORK (AP) — The U.S. Roman Catholic Church used a special and unprecedented exemption from federal rules to amass at least $1.4 billion in taxpayer-backed coronavirus aid, with many millions going to dioceses that have paid huge settlements or sought bankruptcy protection because of clergy sexual abuse...

EU watchdog to probe trade pact with South American nations

Jul. 10, 2020 7:43 AM EDT

BRUSSELS (AP) — The European Union’s independent watchdog has launched an inquiry into the bloc’s trade agreement with the Mercosur group of South American countries after environmental and rights groups complained that the deal does not respect the EU’s legal obligations. The European...

Democratic presidential candidate former Vice President Joe Biden speaks at McGregor Industries in Dunmore, Pa., Thursday, July 9, 2020. (AP Photo/Matt Slocum)

Biden pledges New Deal-like economic agenda to counter Trump

Jul. 9, 2020 9:08 PM EDT

DUNMORE, Pa. (AP) — Democrat Joe Biden turned his campaign against President Donald Trump toward the economy Thursday, introducing a New Deal-like economic agenda while drawing a sharp contrast with a billionaire incumbent he said has abandoned working-class Americans amid cascading crises. The former...

FILE - In this Monday, March 2, 2020 file photo, European Union chief Brexit negotiator Michel Barnier, right, speaks with the British Prime Minister's Europe adviser David Frost during Brexit trade talks between the EU and the UK, at EU headquarters in Brussels. EU and U.K. negotiators have yet to find a way to overcome

EU says 'significant divergences' remain in Brexit talks

Jul. 9, 2020 11:08 AM EDT

BRUSSELS (AP) — EU and U.K. negotiators have yet to find a way to overcome “significant divergences" in their attempt to seal a post-Brexit compromise, the European Union's chief negotiator said on Thursday. Following Britain's departure from the EU's political institutions on Jan. 31, the two...

President Donald Trump and Mexican President Andres Manuel Lopez Obrador arrive for an event in the Rose Garden at the White House, Wednesday, July 8, 2020, in Washington. (AP Photo/Evan Vucci)

Trump forgoes insults of past, calls Mexico cherished friend

Jul. 8, 2020 7:37 PM EDT

WASHINGTON (AP) — President Donald Trump, who has denigrated Mexican migrants and threatened the U.S. ally with crippling tariffs, welcomed President Andrés Manuel López Obrador to the White House on Wednesday, called him a cherished partner and claimed the countries' economic and security ties...

FILE - In this Feb. 25, 2020 file photo, Democratic presidential candidates, Sen. Bernie Sanders, I-Vt., left, and former Vice President Joe Biden, talk before a Democratic presidential primary debate in Charleston, S.C. Political task forces Biden formed with Sanders to solidify support among the Democratic Party's progressive wing recommended Wednesday, July 8, that the former vice president embrace proposals to combat climate change and institutional racism while expanding health care coverage and rebuilding a coronavirus-ravaged economy. (AP Photo/Matt Rourke, File)

Biden-Sanders task forces unveil joint goals for party unity

Jul. 8, 2020 6:12 PM EDT

WASHINGTON (AP) — Political task forces Joe Biden formed with onetime rival Bernie Sanders to solidify support among the Democratic Party's progressive wing recommended Wednesday that the former vice president embrace major proposals to combat climate change and institutional racism while expanding health...