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Economy

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WASHINGTON (AP) — Bouncing back from months of retrenchment, America's consumers stepped up their spending by a solid 2.4% in January, the sharpest increase in seven months and a sign that the economy may be poised to sustain a recovery from the pandemic recession.

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NEW DELHI (AP) — India’s economy expanded by a weaker-than-expected 0.4% in the October-December quarter, which still allowed it to escape recession following large contractions in the two previous quarters during the coronavirus pandemic, the government said Friday.

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SEOUL, South Korea (AP) — South Korea administered its first coronavirus vaccines Friday to people at long-term care facilities, launching a mass immunization campaign that authorities hope will restore some level of normalcy by the end of the year.

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WASHINGTON (AP) — The Senate parliamentarian dealt a potentially lethal blow Thursday to Democrats’ drive to hike the minimum wage, deciding that the cherished progressive goal must fall from a $1.9 trillion COVID-19 relief bill the party is trying to speed through Congress, Senate Democratic aides said.

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WASHINGTON (AP) — Unemployed Americans who have turned down job offers because they feared their prospective employers weren't providing sufficient protection from the coronavirus would qualify for jobless aid under a directive the Labor Department issued Thursday.

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WASHINGTON (AP) — The economy grew at a 4.1% pace in the final three months of 2020, slightly faster than first estimated, ending a year in which the overall economy, ravaged by a global pandemic, shrank more than in any year in the past seven decades.

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WASHINGTON (AP) — President Joe Biden’s pick to be the top U.S. trade envoy promised to work with America’s allies to combat China’s aggressive trade policies, indicating a break from the Trump administration’s go-it-alone approach.

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BEIJING (AP) — The ruling Communist Party is celebrating the official end of extreme poverty in China with a propaganda campaign that praises President Xi Jinping’s role, part of efforts to cement his image as a history-making leader who is reclaiming his country’s rightful place as a global power.

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