List of All Articles with Tag 'it'

President Joe Biden touted his economic record amid continuing dissatisfaction among Americans with the state of the US economy by saying his policies have proven effective. Mr Biden delivered a fiery speech on Wednesday in Chicago where he sought to flip a term that the Wall Street Journal outlets have used against him--Bidenomics--into a plus. “I didn’t come up with the name,” he said. “I think it’s a plan I’m happy to call Bidenomics.” The president, who is seeking re-election in 2024, said that the US economy has largely recovered from the recession caused by the Covid-19 pandemic and had sought to refute Republican economics. “Guess what? Bidenomics is working,” he said to applause. “When I took office, the pandemic was raging and the economy was reeling. Supply chains were broken. Millions of people were unemployed.” Despite low unemployment, many Americans continue to see inflation as a top priority. A survey from the Pew Research Center last week showed that 52 per cent of Democrats and 77 per cent of Republicans say inflation is still a “very big problem.” Mr Biden sought to soothe those concerns by saying he continues to prioritise lowering prices and noted how inflation is less than half of what it was one year ago. “Bringing down inflation remains one of my top priorities today,” he said. Mr Biden also mentioned the progress that his signature Inflation Reduction Act has made, such as allowing Medicare to negotiate drug prices. “We’ve been trying to get this done for decades and this time we finally beat big pharma for the first time,” he said. Read More Watch as Biden makes statement on economic policy in Chicago Cambodian leader Hun Sen, a huge Facebook fan, says he is jumping ship to Telegram Paul Ryan says Trump is only Republican candidate who would lose to Biden in 2024

By Greg Bensinger and Diane Bartz SAN FRANCISCO (Reuters) -The chief executive of "Call of Duty" maker Activision Blizzard, Bobby

Financial firms are once again lining up to attempt to get their proposed spot bitcoin exchange-traded-funds approved by

By Francesco Canepa and Balazs Koranyi SINTRA, Portugal (Reuters) -Bank of England (BoE) Governor Andrew Bailey said it remained to

A mask-less Joe Biden landed in Chicago as the city grapples with a second day of thick Canadian

By Paul Sandle LONDON (Reuters) -Activision Blizzard said its studio that developed "Call of Duty" would set up shop in

Thomson Reuters will buy Imagen, a digital content asset management company, for an undisclosed price, to expand its

Provides an overview of Kaliningrad, including key facts about this Russian territory on the Baltic.

By Lisa Richwine and Dawn Chmielewski LOS ANGELES Before Hollywood writers walked off the job in early May,

Move over, Reaganomics. President Joe Biden is attempting to usher in the era of "Bidenomics"

President Joe Biden's top economic advisers believe the worst effects of inflation are in the rear-view mirror. They are increasingly confident the economy is heading for a soft-landing, averting a recession. And a growing number of economists are beginning to agree.

By Angelo Amante and Gavin Jones ROME Italian Prime Minister Giorgia Meloni on Wednesday criticised the European Central