Latest Economic stimulus News

The Latest: UK economy would be boosted by clarity on Brexit

Feb. 7, 2019 8:08 AM EST

LONDON (AP) — The Latest on the Bank of England's monetary policy decision and news conference (all times local): 1:05 p.m. Bank of England Governor Mark Carney says an easing in Brexit uncertainty could give the British economy a big boost. At a news conference after the bank kept its main interest rate...

India's central bank surprises with cut in key lending rate

Feb. 7, 2019 4:42 AM EST

NEW DELHI (AP) — India's central bank on Thursday lowered its key interest rate by a quarter of a percentage point to 6.25 percent in a surprise move intended to keep growth on track. The interest rate is what the federal bank charges on lending to commercial banks. Lower interest rates help borrowers but...

South Africa's president says mining key to reviving economy

Feb. 5, 2019 11:13 AM EST

JOHANNESBURG (AP) — South African President Cyril Ramaphosa says the country's mining sector will be crucial to reversing sluggish economic growth and high unemployment. Ramaphosa spoke Tuesday at South Africa's Mining Indaba, an annual industry event. Since taking office last year, he has promised to get...

The Latest: Soros warns on China, urges US take tough line

Jan. 24, 2019 3:42 PM EST

DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 9:25 p.m. Billionaire philanthropist George Soros says he thinks Chinese President Xi Jinping is "the most dangerous opponent of open societies." Soros said Thursday during a speech on the sidelines of...

Interest rates could stay lower for longer in Europe

Jan. 21, 2019 9:49 AM EST

FRANKFURT, Germany (AP) — Multiple threats stalking Europe's economy mean the European Central Bank could keep interest rates at rock-bottom levels longer than expected, extending skimpy returns for savers — but supporting indebted companies and governments with low borrowing costs. Speculation...

China's 2018 economic growth sinks to 3-decade low

Jan. 21, 2019 5:45 AM EST

BEIJING (AP) — China's economic growth hit a three-decade low in 2018, adding to pressure on Beijing to beef up stimulus measures and settle a tariff war with Washington. Growth slowed to 6.6 percent from 2017's 6.9 percent as both the world's appetite for China's exports and domestic consumer spending...

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...