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PRESS DIGEST-New York Times business news - March 5

·1 min read

March 5 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- One year after China was battered by the COVID-19 pandemic, the government promised on Friday a robust return to economic growth of "over 6%," a signal that China is ready to do what it takes to keep the world's second-largest economy running strongly. https://nyti.ms/2MMdCkO

- U.S. Federal Reserve Chairman Jerome Powell said he and his colleagues have a "high standard" for what full employment means, underscoring that the central bank is likely to be patient in removing its support for the economy. https://nyti.ms/38eXsbo

- The Biden administration unveiled a plan on Thursday to invest $9 billion in minority communities, taking an initial step in fulfilling its promise to ensure that those who have been hit hardest by the COVID-19 pandemic have access to loans as the economy recovers. https://nyti.ms/3bi33iX

- Tribune Publishing Co, which owns The Chicago Tribune, The Daily News and seven other metropolitan dailies, added substantially to its digital subscribers and digital revenue last year, the newspaper chain said in its first earnings release since it announced a deal last month to be purchased by the hedge fund Alden Global Capital. https://nyti.ms/3bji7gs

(Compiled by Bengaluru newsroom)