Economic policy

August 18, 2020 - 1:28 pm
TORONTO (AP) — Former journalist Chrystia Freeland became Canada’s first female finance minister on Tuesday. Prime Minister Justin Trudeau named Freeland to the job after Bill Morneau resigned on Monday. Freeland also keeps her job as deputy prime minister. She is credited with helping to negotiate...
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In this Feb. 29, 2012, file photo a shopper looks over the wine at King & Godfree, one of Australia's oldest licensed grocery stores in, Melbourne, Australia. China on Tuesday, Aug. 18, 2020, began investigating whether Australia is dumping wine in a trade dispute that further strains relations between the countries and could shut the biggest export market for Australian wine. (AP Photo/Mal Fairclough, FILE)
August 18, 2020 - 6:25 am
CANBERRA, Australia (AP) — China on Tuesday launched an investigation into whether Australia is exporting wine at improperly low prices in a new dispute between major trading partners that could reduce access to the biggest market for Australian vintners. The anti-dumping investigation focuses on...
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FILE - In this July 15, 2020, file photo, visitors wearing masks to curb the spread of the coronavirus look at the latest products at a Huawei store in Beijing. China accused Washington of damaging global trade with sanctions that threaten to cripple tech giant Huawei and said Tuesday it will protect Chinese companies but gave no indication of possible retaliation. (AP Photo/Ng Han Guan, File)
August 18, 2020 - 6:17 am
BEIJING (AP) — China accused Washington of damaging global trade with sanctions that threaten to cripple tech giant Huawei and said Tuesday it will protect Chinese companies but gave no indication of possible retaliation. Rules confirmed Monday by the Commerce Department block suppliers from using...
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Prime Minister Justin Trudeau rises during a sitting of the Special Committee on the COVID-19 Pandemic in the House of Commons Wednesday July 22, 2020 in Ottawa. (Adrian Wyld/The Canadian Press via AP)
August 17, 2020 - 7:52 pm
TORONTO (AP) — Canada’s finance minister announced his resignation Monday amid reports of differences with Prime Minister Justin Trudeau over government spending to protect the economy during the coronavrius pandemic. Bill Morneau said he is leaving politics and has put his name forward as a...
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A worker mops the floor of a retail store at a shopping center in Tokyo on Monday, Aug. 17, 2020. Japan’s economy shrank at annual rate of 27.8% in April-June, the worst contraction on record, as the coronavirus pandemic slammed consumption and trade, according to government data released Monday. (AP Photo/Hiro Komae)
August 16, 2020 - 11:53 pm
TOKYO (AP) — Japan’s economy shrank at annual rate of 27.8% in April-June, the worst contraction on record, as the coronavirus pandemic slammed consumption and trade, according to government data released Monday. The Cabinet Office reported that Japan’s preliminary seasonally adjusted real gross...
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Indian Prime Minister Narendra Modi speaks from the ramparts of the historic Red Fort monument on Independence Day in New Delhi, India, Saturday, Aug. 15, 2020. (AP Photo/Manish Swarup)
August 15, 2020 - 4:34 am
NEW DELHI (AP) — India’s prime minister said Saturday his country has done well in containing the coronavirus pandemic and announced $1.46 trillion in infrastructure projects to boost the sagging economy. The key lesson India learned from the pandemic is to become self-reliant in manufacturing and...
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August 14, 2020 - 5:26 pm
WASHINGTON (AP) — After more than two years of browbeating and trade sanctions on Canada and Mexico, President Donald Trump strong-armed the United States’ neighbors into agreeing to supplant a 25-year-old North American trade agreement with one of his own. His pact, meant to update the old deal...
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FILE - In this July 16, 2019, file photo an American flag flies on the Capitol Dome in Washington. The U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday, Aug. 12, 2020. (AP Photo/Carolyn Kaster, File)
August 12, 2020 - 2:06 pm
SILVER SPRING, Md. (AP) — The U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday. The nation's budgetary shortfall is expected to eventually reach levels for the fiscal year that ends Sept. 30 more...
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FILE - In this Nov. 25, 2019 file photo Federal Reserve Bank of Boston President Eric Rosengren, left, speaks during a round table discussion at Silver Lane Elementary School, in East Hartford, Conn. Rosengren said in remarks delivered online Wednesday, Aug. 12, 2020, that states in the South and West that allowed their businesses to reopen after short shutdowns saw an initial burst of economic activity. But spikes in infection rates soon followed and those states’ economies are now lagging those in the Northeast as consumers have become more cautious. (AP Photo/Steven Senne, file)
August 12, 2020 - 11:30 am
WASHINGTON (AP) — A top official at the Federal Reserve criticized the decision by many states to reopen businesses this spring before getting the virus fully under control, and said those choices have hindered an economic recovery in the U.S. Eric Rosengren, president of the Federal Reserve Bank...
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House Speaker Nancy Pelosi of Calif., center, accompanied by Senate Minority Leader Sen. Chuck Schumer of N.Y., left, speak to reporters following a meeting with Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows as they continue to negotiate a coronavirus relief package on Capitol Hill in Washington, Friday, Aug. 7, 2020. (AP Photo/Andrew Harnik)
August 10, 2020 - 9:46 pm
WASHINGTON (AP) — Speaker Nancy Pelosi is not about to blink. The Democratic leader has been here before, negotiating a deal with the White House to save the U.S. economy, and lessons from the Great Recession are now punctuating the coronavirus talks. With Republicans again balking at big...
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