Latest Economic policy News

The Latest: British PM questions Thomas Cook bosses' pay

Sep. 23, 2019 1:04 PM EDT

LONDON (AP) — The Latest on the collapse of British tour company Thomas Cook (all times local): 6 p.m. Prime Minister Boris Johnson says a "huge effort" is underway to bring home British tourists and passengers stranded by the sudden financial collapse of travel company Thomas Cook. He adds Monday that...

European Central Bank chief: governments must help economy

Sep. 23, 2019 12:36 PM EDT

FRANKFURT, Germany (AP) — The head of the European Central Bank says the economy in the 19-country eurozone is not showing signs of a rebound and urged governments to help by spending more on top of the central bank's latest package of stimulus measures. Mario Draghi said in remarks Monday before the...

Johnson says he'll tell Trump: Hands off UK health service

Sep. 23, 2019 12:27 PM EDT

NEW YORK (AP) — Britain's prime minister has promised to tell U.S. President Donald Trump that any notion of American firms buying parts of the U.K.'s beloved, state-funded health service will be off the table in future trade negotiations, and that the United States will have to open its markets to British...

Trump visits 2 key states with leaders of India, Australia

Sep. 22, 2019 7:46 PM EDT

WAPAKONETA, Ohio (AP) — President Donald Trump's run-up to the U.N. General Assembly was a dash on Sunday through two key political states with two world leaders at events that felt like his raucous campaign rallies. In Wapakoneta, Ohio, Trump and Australian Prime Minister Scott Morrison visited a recycled...

Trump heads to UN with long list of deals he's yet to close

Sep. 21, 2019 11:02 PM EDT

WASHINGTON (AP) — President Donald Trump, a self-described deal-maker, is saddled with a long list of unresolved foreign policy deals he has yet to close heading into his U.N. visit this coming week. There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not...

Paris police repeatedly use tear gas on day of protests

Sep. 21, 2019 1:18 PM EDT

PARIS (AP) — Clusters of anti-government activists in Paris repeatedly scuffled with police who responded with tear gas Saturday as supporters of France's yellow vest protests tried to revive the movement opposed to President Emmanuel Macron's economic policies. In the morning, officers dispersed small...

Trump says he doesn't need China trade deal before election

Sep. 20, 2019 6:49 PM EDT

WASHINGTON (AP) — As China and the U.S. near a new round of trade talks, President Donald Trump said Friday he doesn't feel he needs to secure an agreement before next year's election. Trump told reporters he wants a complete deal with China and won't accept one that only addresses some of the differences...

Fresh US-China trade worries erase early gains for stocks

Sep. 20, 2019 6:06 PM EDT

Wall Street closed out a volatile week with losses Friday as investors worried that upcoming trade talks aimed at resolving the costly trade war between Washington and Beijing could be in trouble. The selling, which erased modest early gains for the market, snapped a three-week win streak for the S&P 500. The...

Fed announces plans to provide more support for repo market

Sep. 20, 2019 4:47 PM EDT

WASHINGTON (AP) — The Federal Reserve will keep pumping cash into a vital but obscure corner of U.S. financial markets in coming weeks. The New York Federal Reserve Bank, which handles the central bank's interactions with financial markets, said Friday that it will offer daily repurchase, or "repo,"...

2 Federal Reserve officials highlight deep divisions

Sep. 20, 2019 12:36 PM EDT

WASHINGTON (AP) — Two Federal Reserve officials who dissented from this week's quarter-point rate cut on Friday highlighted the current deep divisions at the central bank. Eric Rosengren, head of the Fed's Boston regional bank and one of two officials who opposed the rate cut, said Friday that the...