Government business and finance

Des Moines Area Religious Council Food Pantry worker Patrick Minor pulls a package of ground pork out of a cooler during a pantry stop, Wednesday, May 20, 2020, in Des Moines, Iowa. As food banks have struggled to meet soaring demand from people suddenly out of work because of the coronavirus outbreak, it has been especially troubling to see farmers have to bury produce, dump milk and euthanize hogs. Now some states are spending more money to help pay for food that might otherwise go to waste, the U.S. Agriculture Department is spending $3 billion to help get farm products to food banks, and U.S. senator is seeking $8 billion more to buy farm produce for food banks. (AP Photo/Charlie Neibergall)
May 25, 2020 - 10:03 am
OMAHA, Neb. (AP) — As food banks have struggled to meet soaring demand from people suddenly out of work because of the coronavirus pandemic, it has been especially troubling to see farmers have to bury produce, dump milk and euthanize hogs. Now some states are providing more money to help pay for...
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Japan's Prime Minister Shinzo Abe leaves a venue after a news conference in Tokyo Monday, May 25, 2020. Abe lifted a coronavirus state of emergency in Tokyo and four other remaining areas on Monday, ending the restrictions nationwide as businesses begin to reopen. (Kim Kyung-hoon/Pool Photo via AP)
May 25, 2020 - 7:51 am
TOKYO (AP) — Japanese Prime Minister Shinzo Abe lifted a coronavirus state of emergency in Tokyo and four other remaining areas on Monday, ending the restrictions nationwide as businesses begin to reopen. Abe also unveiled a plan for a new stimulus package to support businesses hit by the pandemic...
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In this photo released by Xinhua News Agency, visitors tour the Chinese internet security firm Qihoo 360 showcasing it 5G digital security and protection system at the World 5G Convention in Beijing on Nov. 21, 2019. One of China's biggest tech companies has criticized the Trump administration for "politicizing business" after it slapped export sanctions on 33 more Chinese enterprises and government entities. (Li Xin/Xinhua via AP)
May 25, 2020 - 5:25 am
BEIJING (AP) — China demand Monday that Washington withdraw export sanctions imposed on Chinese companies in the latest round of a worsening conflict over technology, security and human rights. The foreign ministry accused the Trump administration of interfering in China's affairs by adding eight...
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May 22, 2020 - 7:21 pm
SEATTLE (AP) — Mitsubishi Heavy Industries is cutting hundreds of jobs in Washington state and shuttering its U.S. operations for the troubled SpaceJet project, the company said Friday. “Due to the budget directives, Mitsubishi Aircraft will close its overseas locations and consolidate activities...
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FILE - In this Aug. 7, 2019, file photo, Reserve Bank of India (RBI) Governor Shaktikanta Das speaks during a press conference in Mumbai, India. India’s central bank on Friday, May 22, 2020, cut its key interest rate to 4% to revive the economy severely hit the coronavirus outbreak and a two-month lockdown. Reserve Bank of India Governor Das also said India's gross domestic product in financial 2020-21 was expected to have negative growth. (AP Photo/Rajanish Kakade, File)
May 22, 2020 - 10:04 am
NEW DELHI (AP) — India’s central bank on Friday cut its key interest rate to 4% to counter the blow to the economy from the coronavirus pandemic and a lockdown meant to contain it. Reserve Bank of India Governor Shaktikanta Das forecast that the economy will contract in fiscal 2020-21. He did not...
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Delegates applaud as Chinese President Xi Jinping arrives for the opening session of China's National People's Congress (NPC) at the Great Hall of the People in Beijing, Friday, May 22, 2020. (AP Photo/Ng Han Guan, Pool)
May 22, 2020 - 2:21 am
BEIJING (AP) — China’s No. 2 leader on Friday promised higher spending to revive its pandemic-stricken economy and curb surging job losses but steered clear of launching a massive stimulus on the scale of the United States or Japan. Premier Li Keqiang, in a speech to legislators, said Beijing would...
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Senate Majority Leader Mitch McConnell of Ky., wears a face mask to protect against the spread of the new coronavirus as he walks to the Senate chamber after meeting with Vice President Mike Pence and Treasury Secretary Steve Mnuchin on Capitol Hill in Washington, Tuesday, May 19, 2020. (AP Photo/Patrick Semansky)
May 21, 2020 - 11:07 pm
WASHINGTON (AP) — Reconsideration of jobless aid is fast becoming the focus of congressional debate over the next virus aid package After the Senate decided to take a “pause” on new pandemic proposals, senators faced mounting pressure to act before leaving town for a weeklong Memorial Day break...
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FILE - In this Oct. 1, 2019, file photo, soldiers from China's People's Liberation Army (PLA) Navy let out a yell as they march in formation during a parade to commemorate the 70th anniversary of the founding of Communist China in Beijing. China will boost defense spending by just 6.6% in 2020, the lowest rate in years as it battles an economic crisis brought on by the coronavirus outbreak, the government said Friday, May 22, 2020. (AP Photo/Mark Schiefelbein, File)
May 21, 2020 - 10:30 pm
BEIJING (AP) — China will boost defense spending by just 6.6% in 2020, the lowest rate in years as it battles an economic crisis brought on by the coronavirus outbreak, the government said Friday. The figure is down from the double-digit percentage increases of just a few years ago that have given...
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A woman walks past a store advertising sales at 70 percent off, Thursday, May 21, 2020, in Cleveland. More than 2.4 million people applied for U.S. unemployment benefits last week in the latest wave of layoffs from the viral outbreak that triggered widespread business shutdowns two months ago and sent the economy into a deep recession. (AP Photo/Tony Dejak)
May 21, 2020 - 9:52 pm
WASHINGTON (AP) — The number of Americans applying for unemployment benefits in the two months since the coronavirus took hold in the U.S. has swelled to nearly 39 million, the government reported Thursday, even as states from coast to coast gradually reopen their economies and let people go back...
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FILE - In this March 30, 2020, file photo, a man jogs past the Olympic rings in Tokyo. Tokyo Olympic CEO Toshiro Muto talked Thursday, May 21, about the need to take “countermeasures” to combat COVID-19 at next year's postponed games. (AP Photo/Jae C. Hong, File)
May 21, 2020 - 9:44 pm
DENVER (AP) — The U.S. Olympic and Paralympic Committee is eliminating 51 positions and furloughing 33 more as part of a dramatic cut in staffing designed to trim up to 20% of its budget to respond to shortfalls caused by the coronavirus pandemic. “I am overwhelmed by the magnitude of this change...
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