Latest Economy News

EU to slap new sanctions on Belarus, target its economy

Jun. 21, 2021 04:53 AM EDT

BRUSSELS (AP) — European Union foreign ministers will approve Monday a fresh set of sanctions against scores of officials in Belarus and prepare a series of measures aimed at hurting the country’s economy, EU foreign policy chief Josep Borrell said. The EU has...

Inflation ahead? Even a top economist says it's complicated

Jun. 21, 2021 04:37 AM EDT

WASHINGTON (AP) — Two months of sharply rising prices have raised concerns that record-high government financial aid and the Federal Reserve’s ultra-low interest rate policies — when the economy is already surging — have elevated the risk of accelerating inflation. ...

Waiver available to avoid repaying excess jobless benefits

Jun. 21, 2021 04:20 AM EDT

FRANKFORT, Ky. (AP) — Thousands of Kentuckians can now apply for a waiver that could clear them from having to repay the overpayments included in their unemployment benefits. The Kentucky Office of Unemployment Insurance says it has mailed notices to about 14,000...

Asian markets skid on jitters over future Fed action

Jun. 21, 2021 03:12 AM EDT

BANGKOK (AP) — Asian markets skidded on Monday, with Japan's Nikkei 225 index losing 3.3%, after a sell-off Friday on Wall Street gave the S&P 500 its worst weekly loss since February. U.S. futures were marginally lower. Investors are still recalibrating their...

EU diplomat: mistrust at core of Lebanon political crisis

Jun. 20, 2021 13:33 PM EDT

BEIRUT (AP) — A struggle for power and strong mistrust is at the heart of the fight between Lebanese political leaders and the deadlock over government formation, the European Union’s foreign policy chief said Sunday. “It is clear a fight for the distribution of...

Delaware's economy improves, but obstacles remain

Jun. 20, 2021 13:10 PM EDT

DOVER, Del. (AP) — Delaware’s unemployment rate has fallen sharply from a year ago. But it's still slightly worse than the nation as a whole and a few points behind where it was before the pandemic. The Delaware State News reported Sunday that 5.9% of the Delaware...

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...

EU threatens Lebanese politicians with sanctions over crisis

Jun. 19, 2021 09:43 AM EDT

BEIRUT (AP) — The European Union’s foreign policy chief Saturday berated Lebanese politicians for delays in forming a new Cabinet, warning the union could impose sanctions on those behind the political stalemate in the crisis-hit country. Josep Borrell made his...

An architect of European unity moves ahead on sainthood path

Jun. 19, 2021 09:27 AM EDT

VATICAN CITY (AP) — Robert Schuman, a French statesman who paved the way for the bloc that eventually evolved into European Union, has moved ahead on the Catholic church’s path toward possible sainthood. The Vatican said Pope Francis on Saturday approved a decree...