Economic policy

Part of a car caravan of postal employees has a sign on it asking Congress to approve emergency funding for the Postal Service, Tuesday, June 23, 2020, on Capitol Hill in Washington. The U.S. Postal Service’s famous motto — “Neither snow nor rain nor heat nor gloom of night stays these couriers” — is being tested like never before, by challenges that go well beyond the weather. Its finances have been devastated by the coronavirus. (AP Photo/Jacquelyn Martin)
June 25, 2020 - 12:42 am

Mail-in ballots thrust Postal Service into presidential race

WASHINGTON (AP) — The U.S. Postal Service's famous motto — "Neither snow nor rain nor heat nor gloom of night stays these couriers” — is being tested like never before, by challenges that go well beyond the weather. Its finances have been devastated by the coronavirus. The Trump administration may...
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June 24, 2020 - 3:39 pm

Report: State, local aid needed to avert 4 million layoffs

WASHINGTON (AP) — A new private sector report is warning anew of continuing damage to the economy if Washington doesn’t deliver several hundred billion dollars in budget relief to states and local governments amid the coronavirus pandemic. But Wednesday’s report by Moody’s Analytics, a private...
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Clouds are seen over the buildings of the banking district after sunset in Frankfurt, Germany, Thursday, June 18, 2020. (AP Photo/Michael Probst)
June 24, 2020 - 4:56 am

German business confidence rises for 2nd consecutive month

BERLIN (AP) — German business confidence has risen for the second consecutive month, a closely watched survey showed Wednesday. The result was slightly better than economists' expectations. The Ifo institute said its monthly confidence index rose to 86.2 points in June from 79.7 in May. Economists...
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A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, June 23, 2020. Asian shares were mostly higher on Tuesday, tracking a late rally on Wall Street led by technology shares. (AP Photo/Vincent Yu)
June 23, 2020 - 3:21 pm

Stocks climb on Wall Street, heading for a 3rd monthly gain

Stocks headed higher in afternoon trading on Wall Street Tuesday, as investors focus on the prospects for an economic recovery as more businesses reopen after being shut down due to the coronavirus pandemic. The S&P 500 was up 0.8%, extending gains from a day earlier and on pace for its third...
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FILE - In this Jan. 29, 2006, file photo, a car passes in front of a Tyson Foods Inc., sign at Tyson headquarters in Springdale, Ark. China's decision to ban imports from a single Tyson Foods poultry plant because of concerns about a coronavirus outbreak there puzzled many in the meat industry and raised concerns about whether this could threaten a major market for U.S. meat. The action China's customs agency took against the Tyson plant in Springdale, Arkansas, could have major implications for the meat industry if it were expanded because dozens of beef, pork and poultry plants have had outbreaks of the coronavirus among their workers.(AP Photo/April L. Brown, File)
June 22, 2020 - 11:54 pm

US meat industry puzzled by China's import ban for 1 plant

OMAHA, Neb. (AP) — China's decision to ban imports from a single Tyson Foods poultry plant where there was a coronavirus outbreak has raised concerns about the implications on the U.S. meat industry if the action is expanded to other plants. Chinese customs officials didn't hint about expanding the...
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A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo March 13, 2020. Asian shares were mostly higher on Tuesday, June 23, 2020, tracking a late rally on Wall Street led by technology shares. (AP Photo/Eugene Hoshiko)
June 22, 2020 - 11:44 pm

Asian shares advance, tracking Wall Street tech rally

TOKYO (AP) — Asian shares were mostly higher on Tuesday, recovering from some early losses as regional markets tracked a late rally on Wall Street led by technology shares. Japan's benchmark Nikkei 225 surged 0.8% to 22,621.84. Hong Kong's Hang Seng index jumped 0.9% to 24,728.76 and South Korea's...
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President Donald Trump exits Air Force One as he arrives at Tulsa International Airport on Saturday, June 20, 2020, in Tulsa, Okla. (AP Photo/Evan Vucci)
June 22, 2020 - 11:13 pm

Trump says China trade deal still on after adviser's remarks

WASHINGTON (AP) — President Donald Trump is tweeting that an initial trade agreement with China is still on after a top White House adviser's comments seemed to suggest it was over, spooking markets late Monday. Trump tweeted: “The China Trade Deal is fully intact. Hopefully they will continue to...
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June 22, 2020 - 12:32 pm

Tariffs hit American whiskey producers hard in Europe

LOUISVILLE, Ky. (AP) — American whiskey distillers have watched more than $300 million in export revenues evaporate in the two years since becoming entangled in a trade dispute between the Trump administration and the European Union, according to estimates in a new report. Exports of American...
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FILE - In this March 28, 2018, file image made from video, Michael Kovrig, an adviser with the International Crisis Group, a Brussels-based non-governmental organization, speaks during an interview in Hong Kong. China told Prime Minister Justin Trudeau on Monday, June 22, 2020 to “stop making irresponsible remarks” after he said Beijing's decision to charge two Canadians with spying was linked to his country's arrest of a Chinese tech executive. (AP Photo, File)
June 22, 2020 - 10:17 am

China to Canada PM: Stop 'irresponsible remarks' on spy case

BEIJING (AP) — China told Prime Minister Justin Trudeau on Monday to “stop making irresponsible remarks” after he said Beijing's decision to charge two Canadians with spying was linked to his country's arrest of a Chinese tech executive. The spying charges are “completely different” from the case...
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June 18, 2020 - 9:41 am

EU extends Crimea, Sevastopol sanctions for a year

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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