Tag: Economy
Powell: US economy gaining, but recovery ‘far from complete’
<p>WASHINGTON — Federal Reserve Chair Jerome Powell reiterated his belief Friday that while the U.S. economy has been steadily rebounding from the devastation caused...
Czechs split over mandatory quota on local food in stores
PRAGUE — The Czech Parliament's upper house on Thursday overwhelmingly rejected draft legislation to reduce dependency on imports by imposing a quota of locally-produced...
Port operator DP World sees 2020 profits drop 29% amid virus
<p>DUBAI, United Arab Emirates — Dubai-based port operator DP World announced Thursday its profits slid 29% in 2020 from the previous year to $846...
Lebanese PM-designate: Cabinet needed to restore trust, hope
BEIRUT — Lebanon’s prime minister-designate said Thursday that a government that could restart talks with the International Monetary Fund was the only way to...
UN report: Too much prejudice against old and young in world
UNITED NATIONS — Prejudice and discrimination based on age is widespread around the world, affecting millions of older and younger people trying to work...
EXPLAINER: NKorea’s anger to US may actually be an overture
<p>SEOUL, South Korea — After giving the Biden administration the silent treatment for two months, North Korea this week marshalled two powerful women to...
Garment workers in Myanmar fight for democracy, livelihoods
NEW YORK — Tin Tin Wei used to toil 11 hours a day, six days week sewing jackets at a factory in Myanmar. But...
COVID tax break could open door to student loan forgiveness
<p>The tax break on college debt cancellations in the <a href="https://www.nerdwallet.com/article/loans/student-loans/this-time-the-stimulus-package-helps-more-college-students?utm_campaign=ct_prod&utm_source=ap&utm_medium=mpsyn">COVID-19 relief package</a> signed last week by President Joe Biden has removed a potential...
Lebanese are gripped by worry as economic meltdown speeds up
BEIRUT — Shops closing, companies going bankrupt and pharmacies with shelves emptying — in Lebanon these days, fistfights erupt in supermarkets as shoppers scramble...
World Rugby stays in-house in hiring new chief executive
<p>DUBLIN — World Rugby made the in-house move of hiring Alan Gilpin as the governing body’s chief executive, tasking the English official with leading...