Category Archives: Economy
UN agency begins to distribute food rations in Venezuela
CARACAS, Venezuela (AP) — The families of Venezuelan school children living in poverty this week began receiving food rations from a United Nations agency.
Fed officials discuss timing of reducing bond purchases
WASHINGTON (AP) — Federal Reserve officials began discussing at their meeting last month the mechanics of reducing their huge monthly bond purchases that are used to keep longer-term interest rates in check.
Pharmacy exec resentenced to 14 years in meningitis outbreak
BOSTON (AP) — A founder of a now-defunct Massachusetts pharmaceutical facility responsible for a deadly meningitis outbreak will spend 14 and a half years behind bars, a federal judge ruled Wednesday, lengthening his initial punishment of nine years th...
Pay equity law aimed at closing gender wage gap to come into effect Aug. 31
Legislation meant to help close the gender wage gap will come into effect on Aug. 31 and be phased in over the next three years, the federal government said Wednesday. Labour Minister Filomena Tassi said in a livestreamed talk that the
Amtrak plan to replace dozens of aging trains: cost $7.3B
DETROIT (AP) — Amtrak plans to spend $7.3 billion to replace 83 passenger trains, some nearly a half-century old, though much of the funding must still be approved by Congress.
Canadian National makes final pitch for $33.6B railroad deal
OMAHA, Neb. (AP) — Canadian National has made its final pitch to regulators for preliminary approval of its $33.6 billion acquisition of Kansas City Southern railroad.
US agency offers $307 million for rural water projects
OHKAY OWINGEH PUEBLO, N.M. (AP) — The U.S. Department of Agriculture will issue up to $307 million in grants and low-interest loans in an effort to modernize rural water infrastructure, officials announced Wednesday.
Poland plans to rebuild Enigma-linked palace razed in WWII
WARSAW, Poland (AP) — Poland is reviving plans to reconstruct a historic Warsaw palace where the German Enigma machine codes were first cracked in 1932 and which Nazi German occupying forces blew up in 1944.
Have a seat: Patio furniture shortage tells US economic tale
COCKEYSVILLE, Maryland (AP) — People used to go to Valley View Farms to buy five tomato plants and end up with $5,000 in patio furniture.
Asian stocks fall after Fed discusses cut in US stimulus
BEIJING (AP) — Asian stock markets fell Thursday after the Federal Reserve discussed a possible reduction in U.S. economic stimulus and Japanese officials prepared to declare a coronavirus state of emergency during the Olympics due to a surge in infect...
