Latest Economic policy News

A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, Sept. 22, 2020. Shares slipped Tuesday in Asia after markets tumbled worldwide on worries about the pandemic’s economic pain. (AP Photo/Vincent Yu)

Asian shares track Wall Street retreat on pandemic pains

Sep. 22, 2020 12:41 AM EDT

Shares slipped Tuesday in Asia after markets tumbled worldwide on worries about the pandemic’s economic pain. Hong Kong's Hang Seng lost 0.3% to 23,894.72 and the Kospi in South Korea sank 1.7% to 2,348.24. The S&P/ASX 200 in Australia lost 0.6% to 5,787.00 and the Shanghai Composite index edged 0.1%...

House Speaker Nancy Pelosi of Calif., speaks during a news conference on Capitol Hill, Friday, Sept. 18, 2020, in Washington. (AP Photo/Manuel Balce Ceneta)

Democrats unveil temporary funding bill to avert shutdown

Sep. 21, 2020 4:54 PM EDT

WASHINGTON (AP) — Democrats controlling the House unveiled a government-wide temporary funding bill on Monday that would keep federal agencies fully up and running into December. The measure would prevent a partial shutdown of the government after the current budget year expires at the end of the month,...

FILE - In this Monday, Feb. 17, 2020 file photo, former British Prime Minister Theresa May speaks at the Global Women's Forum in Dubai, United Arab Emirates. The British government on Monday Sept. 21, 2020, has won over some domestic political opponents of its plan to breach part of the Brexit divorce deal it agreed with the European Union. But former Prime Minister Theresa May has warned that the bill will do “untold damage” to the U.K. (AP Photo/Kamran Jebreili, File)

Ex-UK PM May slams Johnson's bid to break international law

Sep. 21, 2020 3:03 PM EDT

LONDON (AP) — The British government on Monday won over some domestic political opponents of its plan to breach part of the Brexit divorce deal it agreed upon with the European Union — but not former Prime Minister Theresa May, who warned that the move would do “untold damage” to the...

Valdis Dombrovskis, Vice-President of the EU Commission, speaks at a press conference in Berlin, Germany, following the informal talks of the EU Trade Ministers on Monday, Sept. 21, 2020.  (Bernd von Jutrczenka/Pool via AP)

Key EU states worry South America trade pact may hurt Amazon

Sep. 21, 2020 10:26 AM EDT

BRUSSELS (AP) — EU countries remained divided Monday on whether to approve a preliminary free trade deal drafted last year with South American countries because of concerns related to the Amazon deforestation and the respect of European standards. Speaking at an informal meeting of the 27-nation...

House Speaker Nancy Pelosi of Calif., center, with House Democrats including House Majority Whip James Clyburn, of S.C., left, and Chairman of the House Energy and Commerce Committee Rep. Frank Pallone, D-N.J., speaks during a news conference about COVID-19, Thursday, Sept. 17, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

Stopgap bill to prevent shutdown held up over farm funding

Sep. 19, 2020 1:29 AM EDT

WASHINGTON (AP) — Efforts to fashion a temporary spending bill needed to avert a government shutdown at the end of the month ran aground Friday amid a fight over farm bailout funding that's a key priority of President Donald Trump and Capitol Hill Republicans. A House Appropriations Committee spokesman...

House Speaker Nancy Pelosi of Calif., center, with House Democrats including House Majority Whip James Clyburn, of S.C., left, and Chairman of the House Energy and Commerce Committee Rep. Frank Pallone, D-N.J., speaks during a news conference about COVID-19, Thursday, Sept. 17, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

Stopgap bill to prevent shutdown held up over farm funding

Sep. 18, 2020 7:58 PM EDT

WASHINGTON (AP) — Efforts to fashion a temporary spending bill needed to avert a government shutdown at the end of the month ran aground Friday amid a fight over farm bailout funding that's a key priority of President Donald Trump and Capitol Hill Republicans. A House Appropriations Committee spokesman...

FILE - Marble sculptures occupy the pediment above the New York Stock Exchange signage, Tuesday Aug. 25, 2020, in New York.  Stocks are drifting in mixed trading on Wall Street Friday, Sept. 18, as another zig-zag week for markets closes out following their abrupt loss of momentum this month.(AP Photo/Bebeto Matthews, File)

US stocks fall as market decline extends for third week

Sep. 18, 2020 5:30 PM EDT

Wall Street capped another turbulent week of trading Friday with a broad slide in stocks that left the S&P 500 with its third-straight weekly loss. The S&P 500 fell 1.1%, led once again by a sell-off in technology companies, with Apple, Amazon and Alphabet weighing particularly on the market. Technology...

FILE - In this Friday, April 5, 2019 file photo, International human rights lawyer Amal Clooney smiles during a Foreign Ministers G7 meeting in Dinard, Brittany. Clooney has become the highest profile lawyer to quit over her opposition to the British government’s suggestion that it could break international law in the event it fails to agree a trade deal with the European Union. In a letter Friday, Sept. 18, 2020 to British Foreign Secretary Dominic Raab, the human rights lawyer said she is quitting her role as the U.K.’s special envoy on media freedom over the government’s “lamentable” suggestion. (AP Photo/David Vincent, file)

Amal Clooney quits UK role over 'lamentable' Brexit plan

Sep. 18, 2020 12:22 PM EDT

LONDON (AP) — Amal Clooney has become the highest profile lawyer to quit an official job over her opposition to the British government's suggestion that it could break international law in the event it fails to agree a trade deal with the European Union. In a letter Friday to British Foreign Secretary...

FILE - In this April 19, 2018 file photo, trainees work at Snowtex garment factory in Dhamrai, near Dhaka, Bangladesh. After months of decline in exports of its garment products, Bangladesh’s economy is showing signs of recovery. The Asian Development Bank in a new report said Tuesday, Sept. 15, 2020, the country's economy's comeback was encouraging and it is expected to grow by 6.8 percent in the current fiscal year ending in June if this recovery sustains. (AP Photo/A.M. Ahad, File)

Bangladesh economy shows early signs of pandemic recovery

Sep. 18, 2020 12:42 AM EDT

DHAKA,Bangladesh (AP) — A rebound in garment orders after demand crashed during spring shutdowns is helping to revive the Bangladesh economy. Apparel makers, the country’s main export industry, say they are looking ahead to Christmas orders from the U.S. and other major markets. Remittances from...

FILE - In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by American flags flying outside the New York Stock Exchange in New York.  Stocks are falling early on Wall Street Thursday, Sept. 17,  as the late selling from the previous day carries over.  (AP Photo/Mary Altaffer, File)

Asia slightly higher despite Wall Street slump, virus fears

Sep. 17, 2020 11:33 PM EDT

TOKYO (AP) — Asian shares were slightly higher Friday despite some investor attention shifting again to the uncertainties in global economies amid the coronavirus pandemic, as reflected in the overnight fall on Wall Street. Japan's benchmark Nikkei 225 was little changed but inched up less than 0.1% in...