Government business and finance

June 18, 2020 - 5:25 pm
AUSTIN, Texas (AP) — An Austin-area school district is considering offering more than $60 million in tax incentives to attract a proposed Tesla “gigafactory” to Central Texas, Tesla revealed Thursday. The Del Valle Independent School District proposal was made public in a Tesla tax application...
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Builders work on ascaffolding in London, Wednesday, June 17, 2020. After the easing of lockdown during the COVID-19 pandemic, most construction companies have restarted their business but official figures show that the British economy shrank by a colossal 20.4% in April, the first full month that the country was in its lockdown. (AP Photo/Frank Augstein)
June 18, 2020 - 12:55 pm
LONDON (AP) — The Bank of England unveiled another big stimulus package for the U.K. economy as it tries to limit the scale of the coronavirus recession, which it now believes will be “less severe” than it feared last month. In a statement Thursday, the bank’s policy making panel said it was...
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In this picture taken on Thursday, June 11, 2020, Viktor Babariko, candidate presidential elections and the former head of Belgazprombank, speaks to media during a news conference in Minsk, Belarus. Belarusian authorities have taken control of a Russia-owned commercial bank that was led by a man who is now running to challenge Belarus’ authoritarian president. President Alexander Lukashenko, who is seeking a sixth term in the Aug. 9 election, has accused Belgazprombank chief executive Viktor Babariko of corruption and called him a “scoundrel.” (AP Photo/Sergei Grits)
June 18, 2020 - 12:02 pm
Belarusian authorities on Thursday detained the former head of a Russia-owned commercial bank who has emerged as the top challenger to Belarus’ authoritarian leader in the August election. President Alexander Lukashenko, who is seeking a sixth term in the Aug. 9 vote, has accused Belgazprombank...
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FILE - In this Wednesday, April 15, 2020 file photo, European Council President Charles Michel speaks during a media conference on the European Union response to the COVID-19 crisis at EU headquarters in Brussels. European leaders on Friday June 19, 2020, are to discuss a multi-billion post-coronavirus recovery plan and details of the next long-term EU budget, but without real hope a compromise will be found. (John Thys, Pool Photo via AP, File)
June 18, 2020 - 8:44 am
BRUSSELS (AP) — With much discord still among European Union leaders, a video summit this week seems to have no hope of finding a compromise on a multibillion-euro post-coronavirus recovery plan or on the long-term EU budget. Several EU officials and government leaders have shot down expectations...
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June 18, 2020 - 8:41 am
BRUSSELS (AP) — The European Union on Thursday extended restrictions for another year on importing products from, or investing in, Ukraine’s Crimea region and Sevastopol, which it believes were illegally annexed by Russia. The sanctions were rolled over until June 23, 2021. They include a ban on...
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FILE - In this Wednesday, June 10, 2020 file photo, French Finance Minister Bruno Le Maire attends a press conference after the weekly cabinet meeting. France’s finance minister has called the withdrawal of the Trump administration from negotiations on a major digital services tax a “provocation.” Bruno Le Maire made the comment Thursday, June 18, 2020 on France Inter, saying France will still implement the tax. Le Maire was referring to a letter in which U.S. Treasury Secretary Steven Mnuchin told the finance ministers of France, Spain, Italy and the United Kingdom that he was suspending talks on the tax. The letter was first reported by the Financial Times. (Ludovic Marin, Pool via AP, File)
June 18, 2020 - 8:23 am
PARIS (AP) — European countries are slamming the Trump administration's withdrawal from negotiations on a major digital services tax. French Finance Minister Bruno Le Maire, speaking on France Inter, called it a “provocation” and said France will still implement the tax regardless of the U.S...
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FILE - In this June 4, 2020, file photo, a customer walks out of a U.S. Post Office branch and under a banner advertising a job opening, in Seattle. The U.S. government will issue its latest snapshot Thursday, June 18, of the layoffs that have left millions unemployed but have slowed as businesses have increasingly reopened and rehired some of their laid-off workers. (AP Photo/Elaine Thompson, File)
June 18, 2020 - 6:07 am
WASHINGTON (AP) — The U.S. government will issue its latest snapshot Thursday of the layoffs that have left millions unemployed but have slowed as businesses have increasingly reopened and rehired some of their laid-off workers. The pace of job cuts has steadily declined in the three months since...
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U.S. Trade Representative Robert Lighthizer takes off his mask as he arrives at a Senate Finance Committee hearing on U.S. trade on Capitol Hill, Wednesday, June 17, 2020, in Washington. (AP Photo/Andrew Harnik, Pool)
June 17, 2020 - 2:42 pm
WASHINGTON (AP) — The Trump administration plans to carry on with its confrontational approach to world trade, pressuring other countries to lower their tariffs on U.S. products and perhaps making it harder for imports to enter the United States duty free. In testimony before Congress Wednesday, U...
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FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. The Federal Reserve says it will keep buying bonds, Wednesday, June 10, to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly all the Fed’s policymakers foresee no rate hike through 2022. .(AP Photo/Jacquelyn Martin, File)
June 17, 2020 - 1:12 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell stressed Tuesday that the federal government's role in strengthening the U.S. market in the face of a recession is vital in preventing a worsening of economic inequality. Powell said the the Fed would continue to deploy all its financial...
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German lawmaker Pierrette Herzberger-Fofana speaks during a plenary session at the European Parliament in Brussels, Wednesday, June 17, 2020. The European Parliament said Wednesday it will complain to Belgian authorities after an African-born legislator Herzberger-Fofana said she was harassed by police when trying to take photos of an incident at a Brussels train station. (AP Photo/Francisco Seco)
June 17, 2020 - 11:14 am
BRUSSELS (AP) — The European Parliament said Wednesday it will complain to Belgian authorities after a member of the EU legislature born in Africa said she was harassed by police while trying to take photos of an incident at a Brussels train station. European Parliament President David Sassoli said...
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