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Thursday, October 22, 2020  Spokane, Washington  Est. May 19, 1883
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Fed survey finds tepid growth as U.S. economy battles pandemic

WASHINGTON — A Federal Reserve survey of business conditions around the country found the U.S. economy grew at a “slight to modest” pace in September and early October, but also documented many areas of economic activity hobbled by the coronavirus pandemic.

U.K. says EU trade talks ‘over,’ but bloc sees room for a deal

British Prime Minister Boris Johnson said Friday that the U.K. must prepare for a no-deal break with the European Union unless there is a “fundamental” change of position from the bloc, as the two sides swapped blame for failing to strike a trade deal with just weeks until the end-of-year deadline.

US industrial production fell a sharp 0.6% in September

U.S. industrial production fell 0.6% in September, the weakest showing since spring and a sign that the economy’s recovery from the pandemic recession may be faltering just as confirmed viral infections are resurging in much of the country.

IMF warns global economy could be permanently scarred

The global economy's recovery from the pandemic recession is tentative and uneven and “marked by significant uncertainty” as confirmed coronavirus cases spread in many countries, international finance ministers warned Thursday.

Stocks fall on Wall Street as coronavirus spreads in Europe

Stocks are falling on Wall Street in afternoon trading Thursday, extending the market's pullback this week as optimism that Congress will deliver another round of stimulus for the economy wanes and new data show another weekly surge in the number of Americans seeking unemployment aid.

U.S. jobless claims rise to 898,000 with layoffs still high

WASHINGTON – The number of Americans seeking unemployment benefits rose last week by the most in two months, to 898,000, a historically high number and evidence that layoffs remain a hindrance to the economy’s recovery from the pandemic recession.

Trade body rules EU can put tariffs on $4 billion of U.S. goods

International arbitrators said Tuesday that the European Union can impose tariffs and other penalties on up to $4 billion worth of U.S. goods and services over illegal American support for plane maker Boeing. The move further sours transatlantic ties at a time when the coronavirus has doused trade and savaged economies.