Tag: Economy
China trade surges as global demand recovers from pandemic
BEIJING — China’s exports surged 32.3% over a year earlier in April as global consumer demand strengthened, while imports rose 43.1%.
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WTO chief: Vaccine waiver helpful, not key for virus fight
<p>GENEVA — The head of the World Trade Organization said Friday the U.S. administration’s call to remove patent protections on COVID-19 vaccines could help...
EU leaders attend summit in person for 1st time this year
LISBON, Portugal — On the list of things not to do during a pandemic, holding big international gatherings is close to the top.
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Chamber of Commerce seeks end to enhanced US jobless aid
<p>The U.S. Chamber of Commerce is calling for Washington to immediately stop paying out-of-work Americans an extra $300 a week in unemployment benefits, saying...
German factory production, exports up in March in good sign
BERLIN — Factory production and exports increased strongly in Germany in March, according to official statistics released Friday, developments that bode well for the...
EU says patent waiver idea misses point of vaccine shortage
<p>PORTO, Portugal — European Union leaders said Friday that the most pressing impediments to COVID-19 vaccine supplies are not intellectual property rights but export...
China propels BMW to strong profits, Germany lags
FRANKFURT, Germany — Booming sales in China helped propel German luxury carmaker BMW to stronger profits in the first three months of the year...
Weak jobs report could be a risk or opportunity for Biden
<p>WASHINGTON — President Joe Biden's promised economic comeback hit a speed bump Friday with the April jobs report, which found modest job gains of...
WTO chief: Vaccine waiver helpful, not key for virus fight
GENEVA — The head of the World Trade Organization said Friday the U.S. administration’s call to remove patent protections on COVID-19 vaccines could help...
US consumer borrowing posts another strong showing in March
<p>WASHINGTON — U.S. consumer borrowing rose by a strong $25.8 billion in March, the second-straight month of sizable gains and a further indication that...