Economic policy

EU Chief Negotiator Michel Barnier, centre, with his team as he walks to a conference centre in Westminster in London, Sunday, Nov. 29, 2020. Teams from Britain and the European Union are continuing face-to-face talks on a post-Brexit trade deal in the little remaining time. (AP Photo/Kirsty Wigglesworth)
November 29, 2020 - 7:24 am
LONDON (AP) — Britain’s foreign minister said Sunday there is only about a week left for the U.K. and the European Union to strike a post-Brexit trade deal, with fishing rights the major obstacle to an agreement. As talks continued between the two sides in London, Foreign Secretary Dominic Raab...
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EU chief negotiator Michel Barnier, center, and his team in Westminster, London, Saturday Nov. 28, 2020, ahead of talks with the UK Government. Teams from Britain and the European Union are resuming face-to-face talks on a post-Brexit trade deal, but both sides sound gloomy about striking an agreement in the little remaining time. (Victoria Jones/PA via AP)
November 28, 2020 - 7:21 am
LONDON (AP) — Teams from Britain and the European Union resumed face-to-face talks on a post-Brexit trade deal Saturday, with both sides sounding gloomy about striking an agreement in the little time that remains. EU chief negotiator Michel Barnier returned to London to meet his U.K. counterpart...
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A staff member wearing a face mask stands near a display of Australian wines at the China International Import Expo in Shanghai, Thursday, Nov. 5, 2020. Chinese leaders are conducting an import fair under intensive anti-coronavirus controls in their latest effort to revive the world's No. 2 economy while the United States and Europe struggle with a renewed surge of infections. (AP Photo/Mark Schiefelbein)
November 27, 2020 - 9:54 am
BEIJING (AP) — China on Friday added wine to the growing list of Australian goods barred from its markets in a trade war against Australia over disputes including its support for a probe into the origin of the coronavirus. The Ministry of Commerce imposed import taxes of up to 212.1%, effective...
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November 26, 2020 - 11:46 am
BRUSSELS (AP) — Thanksgiving just got a little bit better for the Maine lobster industry. The European Union parliament on Thursday approved a mini trade deal with the United States, which includes the elimination of customs duties on U.S. lobster imports. The passage with 638 votes for, 45 against...
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FILE - In this Thursday Sept. 24, 2020 file photo, Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing, on Capitol Hill in Washington. The Fed on Wednesday, Nov. 25, released minutes of its Nov. 4-5 meeting revealing that while officials believed that no changes were needed to the bond purchase program at that time, “they recognized that circumstances could shift to warrant such adjustments.” (Drew Angerer/Pool via AP, file)
November 25, 2020 - 3:55 pm
WASHINGTON (AP) — At their meeting earlier this month, Federal Reserve officials discussed possible future adjustments to the central bank's monthly bond purchases to boost the economy. The Fed on Wednesday released minutes of its Nov. 4-5 meeting revealing that while officials believed that no...
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Envelopes from the Florida Department of Economic Opportunity Reemployment Assistance Program are shown, Thursday, Nov. 5, 2020, in Surfside, Fla. The number of a Americans applying for unemployment benefits rose last week to 778,000, evidence that the U.S. economy and job market remain under strain as coronavirus cases surge and colder weather heighten the risks. (AP Photo/Wilfredo Lee)
November 25, 2020 - 1:23 pm
WASHINGTON (AP) — Gripped by the accelerating viral outbreak, the U.S. economy is under pressure from persistent layoffs, diminished income and nervous consumers, whose spending is needed to drive a recovery from the pandemic. A flurry of data released Wednesday suggested that the spread of the...
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A shopper in a face mask looks over cuts of beef piled up in a cold room for purchase at a Costco warehouse store Tuesday, May 5, 2020, in west Denver. The U.S. economy rebounded at an even-stronger pace in the July-September quarter than first reported but a resurgence in the coronavirus is expected to slow growth sharply in the current quarter with some analysts even raising the specter of a double-dip recession. (AP Photo/David Zalubowski)
November 25, 2020 - 10:51 am
WASHINGTON (AP) — The second of three estimates on U.S. growth for the July-September quarter was unchanged at a record pace of 33.1%. But a resurgence in the coronavirus is expected to slow growth sharply in the current quarter with some economists even raising the specter of a double-dip...
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FILE - In this Aug. 14, 2019, file photo former Fed Chair Janet Yellen speaks with FOX Business Network guest anchor Jon Hilsenrath in the Fox Washington bureau in Washington. (AP Photo/Andrew Harnik, File)
November 24, 2020 - 12:01 am
WASHINGTON (AP) — Janet Yellen is in line for another top economic policy job — just in time to confront yet another crisis. Yellen, President-elect Joe Biden's apparent choice for treasury secretary, served on the Federal Reserve's policymaking committee during the 2008-2009 financial crisis that...
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FILE - In this July 16, 2019 file photo, General Motors Chairman and Chief Executive Officer Mary Barra speaks during the opening of their contract talks with the United Auto Workers in Detroit. General Motors says it will no longer support the Trump administration in legal efforts to end California's right to set its own clean-air standards. Barra said in a letter Monday, Nov. 23, 2020 to environmental groups that GM will pull out of the lawsuit, and it urges other automakers to do so. (AP Photo/Paul Sancya)
November 23, 2020 - 5:53 pm
DETROIT (AP) — General Motors is switching sides in the legal fight against California's right to set its own clean-air standards, abandoning the Trump administration as the president's term nears its close. CEO Mary Barra said in a letter Monday to environmental groups that GM will no longer...
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People hold a pig model with a slogan "Betraying pig farmers" during a protest in Taipei, Taiwan, Sunday, Nov. 22. 2020. Thousands of people marched in streets on Sunday demanding the reversal of a decision to allow U.S. pork imports into Taiwan, alleging food safety issues. (AP Photo/Chiang Ying-ying)
November 22, 2020 - 5:55 am
TAIPEI, Taiwan (AP) — Thousands of people marched in Taipei's streets on Sunday demanding the reversal of a decision to allow U.S. pork imports into Taiwan, alleging food safety issues. President Tsai Ing-wen's administration lifted a long-standing ban on U.S. pork and beef imports in August, in a...
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