Latest Economy News
Asian shares mixed as focus turns to Federal Reserve meeting
Stocks are mixed in Asia as investors focus on the Federal Reserve policy meeting that ends Wednesday. Shares rose in Hong Kong and Tokyo but fell in Seoul and Sydney. Shanghai was little changed. The Fed is expected to keep its extremely supportive policy stance unchanged given the slow progress in vanquishing...
State relief plans take shape at New Mexico Legislature
SANTA FE, N.M. (AP) — An economic relief package is taking shape at the New Mexico Legislature as a Senate panel endorsed a $600 rebate to low-income workers and a separate bill that would waive licensing fees on liquor stores. Residents of New Mexico who earned up to $31,200 during 2020 would be eligible...
Amid crisis, Hezbollah 'bank' a lifeline for some Lebanese
BEIRUT (AP) — When Lebanon’s financial meltdown began in late 2019, Hassan Shoumar was locked out of his dollar savings like everyone else in the country as banks clamped down with capital controls. But the young engineer had an alternative. He could still pull out the dollars in his account at the...
UN panel: Yemen's war being fueled by economic profiteering
UNITED NATIONS (AP) — Economic profiteering is fueling the catastrophe in Yemen, where a six-year war has involved attacks on civilians, forced disappearances and other violations of human rights and international law, U.N. experts said in a new report. The experts estimate Houthi rebels diverted at least...
Kerry aims to talk US back into a lead role in climate fight
From a wood-paneled library in his Boston mansion, new climate envoy John Kerry is talking the U.S. back into a leading role in global climate action, making clear the nation isn't just revving up its own efforts to reduce oil, gas and coal pollution but that it intends to push everyone in the world to do more,...
Asian shares mixed following lackluster day on Wall Street
Asian stocks were mixed on Wednesday after a lackluster session on Wall Street. Benchmarks logged moderate gains in Hong Kong and Tokyo, but were flat in Sydney and Shanghai. Australian shares declined. Markets have meandered since last week as investors weighed solid corporate earnings results against renewed...
Criminals in Mexico exploit desperation for oxygen canisters
MEXICO CITY (AP) — Mexico continued to post near-record rates of coronavirus deaths Tuesday, and the huge demand for oxygen canisters has led to frauds, robberies and other crimes against families trying to care for relatives at home. Mexico posted a near-record 1,743 newly confirmed COVID-deaths, bringing...
Audit: Millions may have to repay California jobless aid
SACRAMENTO, Calif. (AP) — Millions of people might have to repay some or all of the jobless benefits they got during the coronavirus pandemic because California's unemployment agency stopped enforcing some eligibility rules so it could process claims quicker, according to an audit released Tuesday. As...
Baker: Despite pandemic trauma, Massachusetts remains strong
BOSTON (AP) — Gov. Charlie Baker delivered his annual State of the Commonwealth address Tuesday evening, acknowledging the trauma Massachusetts has endured battling a deadly pandemic, but praising residents' resilience and promising brighter days ahead. “If there is a silver lining in all this,...
Kerry aims to talk US back into a lead role in climate fight
From a wood-paneled library in his Boston mansion, new climate envoy John Kerry is talking the U.S. back into a leading role in global climate action, making clear the nation isn't just revving up its own efforts to reduce oil, gas and coal pollution but that it intends to push everyone in the world to do more,...
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