Economic stimulus

The buildings of the banking district are photographed through raindrops on a window in Frankfurt, Germany, Tuesday, March 10, 2020. (AP Photo/Michael Probst)
March 12, 2020 - 8:15 am
FRANKFURT, Germany (AP) — The European Central Bank deploying new stimulus measures to cushion the economic pain inflicted by the virus outbreak, but avoided cutting interest rates in a situation where economists say monetary policy can do little more than limit the damage. The central bank for the...
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FILE - In this Feb. 23, 2020, file photo, Australian Prime Minister Scott Morrison speaks in Sydney, at a state memorial service for the victims of recent wildfires. The Australian government on Wednesday, March 11, 2020, announced a $2.4 billion (US $1.6 billion) package to help tackle the virus outbreak that has infected nearly 120,000 people worldwide, rocked financial markets and disrupted travel.(Peter Parks/Pool Photo via AP, File)
March 12, 2020 - 1:56 am
PERTH, Australia (AP) — Australia on Thursday put forward a $17.6 billion (US $11.4 billion) stimulus package meant to stave off a recession due to the impact of the virus outbreak on its economy. The package includes cash payments for small businesses and welfare recipients to counter the impact...
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A man wearing a protective face mask walks by statues of bulls on display outside a bank in Beijing, Tuesday, March 10, 2020. Asian stock markets took a breather from recent steep declines on Tuesday, with several regional benchmarks gaining more than 1% after New York futures reversed on news that President Donald Trump plans to ask Congress for a tax cut and other quick measures to ease the pain of the virus outbreak. (AP Photo/Andy Wong)
March 11, 2020 - 4:20 am
TOKYO (AP) — European markets opened higher Wednesday after Asian shares mostly declined, as governments were ramping up aid for economies reeling from the virus outbreak. France's CAC 40 gained 2.5% to 4,750.03, while Germany's DAX rose 2.3% to 10,712.97. Britain's FTSE 100 added 1.4% to 6,043.49...
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President Donald Trump, left, standing with Vice President Mike Pence and Treasury Secretary Steven Mnuchin, right, talks to reporters about the coronavirus outbreak on Tuesday, March 10, 2020, on Capitol Hill in Washington. (AP Photo/Susan Walsh)
March 10, 2020 - 5:56 pm
WASHINGTON (AP) — President Donald Trump's proposed payroll tax break met with bipartisan resistance Tuesday on Capitol Hill as pressure mounts on the administration and Congress to work more vigorously to contain the coronavirus outbreak and respond to the financial fallout. Flanked by his...
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Women wearing sanitary masks walk in downtown Milan, Italy, Monday, Feb. 24, 2020. Italy has been scrambling to check the spread of Europe's first major outbreak of the new viral disease amid rapidly rising numbers of infections, calling off the popular Venice Carnival, scrapping major league soccer matches in the stricken area and shuttering theaters, including Milan's legendary La Scala. (AP Photo/Luca Bruno)
February 24, 2020 - 11:48 am
FRANKFURT, Germany (AP) — The widening coronavirus outbreak threatens to seriously disrupt the global economy just as it was steadying itself against headwinds from the U.S.-China trade dispute. Stocks fell sharply on Monday around the world on news of more infections in different countries. The U...
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Jung Ji-won, third from left, chief executive of the Korea Exchange, and Financial Services Commission Chairman Eun Sung-soo, fourth from left, applaud with other participants during the opening of this year's trading in Seoul, South Korea, Thursday, Jan. 2, 2020. The sign read: "Opening ceremony of 2020 trading." (AP Photo/Ahn Young-joon)
January 02, 2020 - 7:47 am
TOKYO (AP) — Global shares rose Thursday on optimism about a U.S.-China trade deal and the Chinese government's efforts to boost its economy. France's CAC 40 rose 1.4% to 6,058 on the new year's first day of trading, while Germany's DAX was 1% higher at 13,382. Britain's FTSE 100 added 1% as well,...
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January 01, 2020 - 4:20 am
BEIJING (AP) — China's central bank said Wednesday it will cut the amount of money banks will be required to have on hand from Jan. 6 in an effort to boost the slowing economy. The People's Bank of China announced that the reserve requirement ratio for financial institutions would be lowered by 50...
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FILE — In this Aug. 28, 2019 file photo supporters of a measure to limit when companies can label workers as independent contractors circle the Capitol during a rally in Sacramento, Calif. Gov. Gavin Newsom signed a measure, to take effect in 2020, making it harder for industries to treat workers like contractors instead of employees who are entitled to minimum wage and other benefits. Uber, Lyft and DoorDash have said they'll spend $30 million to put an initiative on the 2020 ballot to overturn the law. (AP Photo/Rich Pedroncelli, File)
December 29, 2019 - 10:41 am
SACRAMENTO, Calif. (AP) — California’s long tradition of advancing nation-leading legislation continues into the new year, with laws reining in the gig economy, boosting online privacy and discouraging shootings by police, among other potential trend-setters. The laws have sent businesses including...
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FILE - In this Wednesday, Sept. 4, 2019 file photo, incoming President of the European Central Bank Christine Lagarde speaks to the European Parliament's Economic and Monetary Affairs Committee in Brussels. Newly appointed European Central Bank head Christine Lagarde makes her first official assessment Thursday, Dec. 12, 2019 of the mixed bag that is the eurozone economy, which suffers from slowing manufacturing and global trade even as consumer spending helps prop up growth. (AP Photo/Francisco Seco, File)
December 12, 2019 - 11:04 am
FRANKFURT, Germany (AP) — Christine Lagarde is wasting no time in putting her stamp on the European Central Bank. The bank's new president said at her first news conference Thursday that she will lead a top to bottom review of how the institution sets monetary policy, looking at everything from how...
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FILE - In this Aug. 14, 2019, file photo, a woman works on a production line in a fiber optics factory in Nantong in eastern China's Jiangsu province. China's factory activity shrank more sharply than expected in October amid weak consumer demand and a tariff war with Washington, a survey by an industry group showed Thursday, Oct. 31, 2019. (Chinatopix via AP, File)
October 31, 2019 - 6:09 am
BEIJING (AP) — China's leaders affirmed support Thursday for private business within its state-dominated economy but gave no sign of initiatives to boost sagging growth following a planning meeting. The annual gathering of the Communist Party's Central Committee came as companies and investors are...
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