The American economy expanded at a healthy 3% annual pace from April through June, boosted by strong consumer spending and business investment, the government said, leaving its previous estimate unchanged.

The last of three updates on U.S. growth in the second quarter showed the economy expanded at solid 3.0% annual pace — and there’s no sign it’s taken a big turn for the worse. Gross domestic product,

The U.S. economy grew at a 3% rate in the second quarter, in line with economists' expectations, according to the latest data from the Bureau of Economic Analysis.

BEIJING (AP) — Australian Treasurer Jim Chalmers on Friday welcomed Chinese efforts to stimulate its slowing economy, noting that its recent weakness has hurt Australia. Chalmers was wrapping up a two-day visit to Beijing, the first to China by an Australian treasurer in seven years, as strained bilateral relations mend.

Australia and China agreed to cooperate further on investment, trade and decarbonisation, Treasurer Jim Chalmers said on Friday during a rare visit to Beijing where he praised the recent stimulus packages announced by China.

Mr Chalmers is in Beijing to co-chair the first Australia-China Strategic Economic Dialogue in seven years, as well as to better understand the challenges facing the Chinese economy.