Latest Economy News

British FM heads to Southeast Asia looking for closer ties

Jun. 21, 2021 07:52 AM EDT

BANGKOK (AP) — Britain's top diplomat 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 Secretary Dominic Raab's trip to Vietnam,...

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...

US envoy hopes N. Korea responds positively on offered talks

Jun. 21, 2021 05:59 AM EDT

SEOUL, South Korea (AP) — President Joe Biden’s special envoy for North Korea said Monday he hopes to see a positive reaction from the North soon on U.S. offers for talks after North Korea's leader ordered officials to prepare for both dialogue and confrontation. Sung...

World markets mixed on jitters over future Fed action

Jun. 21, 2021 05:38 AM EDT

BANGKOK (AP) — World markets were mixed Monday after a sell-off Friday on Wall Street gave the S&P 500 its worst weekly loss since February. Japan’s benchmark fell 3.3% but shares rose in London and Frankfurt. U.S. futures were higher. ...

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...

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...