Tag: Economy
Banks to see big profits as COVID ‘bad’ loans become ‘good’
NEW YORK — The nation’s largest banks are expected to report big profits for the first quarter amid renewed confidence that pandemic-battered consumers and...
Czechs reject mandatory quotas on local food in stores
PRAGUE — Czech lawmakers have rejected a proposed bill to reduce dependency on food imports by imposing a quota of locally-produced food to be...
Fed leaders agree: Economics has a racial-disparity problem
WASHINGTON — Top Federal Reserve policymakers on Tuesday underscored their concern that Black and Hispanic people are sharply underrepresented in the economics field, which...
California re-opens enrollment for health insurance coverage
SACRAMENTO, Calif. — California on Monday re-opened enrollment for its state health insurance exchange, hoping more people will buy coverage now that the federal...
US nominates NY lawyer to monitor United Auto Workers union
DETROIT — The U.S. attorney's office in Detroit is recommending that a federal judge name New York lawyer Neil Barofsky to monitor the United...
Air Canada, Canadian government agree on pandemic bailout
TORONTO — Air Canada says it has agreed with the Canadian government on financing that will allow the airline to access as much as...
Lebanon extends area claimed in border dispute with Israel
BEIRUT — Lebanon’s outgoing minister of public works said Monday that he has signed a decree that would increase the area claimed by the...
Russia’s FM in Egypt for talks on trade and Ethiopia’s dam
CAIRO — The foreign ministers of Egypt and Russia discussed trade and other ties between the two nations Monday, with Egypt’s top diplomat urging...
US budget deficit jumps to record $1.7 trillion this year
WASHINGTON — The U.S. government's budget deficit surged to an all-time high of $1.7 trillion for the first six months of this budget year,...
UN chief urges wealth tax of those who profited during COVID
UNITED NATIONS — Secretary-General Antonio Guterres declared Monday that the world’s failure to unite on tackling COVID-19 created wide inequalities, and he called for...
