Financial crisis

July 12, 2020 - 1:02 am
BOSTON (AP) — At this time of the year, The Friendly Fisherman on Cape Cod is usually bustling with foreign students clearing tables and helping prepare orders of clam strips or fish and chips. But because of a freeze on visas, Janet Demetri won't be employing the 20 or so workers this summer. So...
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FILE - In this May 25, 2020, file photo, Brazil's President Jair Bolsonaro, wearing a face mask amid the coronavirus pandemic, stands among supporters as he leaves his official residence of Alvorada palace in Brasilia, Brazil. Bolsonaro said Tuesday, July 7, he tested positive for COVID-19 after months of downplaying the virus's severity while deaths mounted rapidly inside the country. (AP Photo/Eraldo Peres, File)
July 10, 2020 - 5:24 pm
HAVANA (AP) — The COVID-19 pandemic is sweeping through the leadership of Latin America, with two more presidents and powerful officials testing positive this week for the new coronavirus, adding a destabilizing new element to the region’s public health and economic crises. In Brazil, President...
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FILE - In this April 15, 2020, file photo, New Mexico Gov. Michelle Lujan Grisham puts on her face mask when not speaking during an update on the COVID-19 outbreak in the state during a news conference in the state Capitol in Santa Fe, N.M. Gov. Lujan Grisham used her line-item veto power to preserve executive control over hundreds of millions of dollars in federal coronavirus relief funding, a move that could mean the loss of additional financial assistance for some Native American communities. She used her veto pen to scratch out entire paragraphs of the budget to prevent the Legislature from earmarking $318 million in federal virus relief funding for local governments. (Eddie Moore/The Albuquerque Journal via AP, Pool, File)
July 09, 2020 - 10:47 pm
SANTA FE, N.M. — New Mexico authorities will halt indoor restaurant service, close state parks to nonresidents and suspend autumn contact sports at schools in response to surging coronavirus infections in the state and in neighboring Texas and Arizona. Gov. Michelle Lujan Grisham unveiled the...
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President Donald Trump holds an executive order on the "White House Hispanic Prosperity Initiative," after signing it in the Rose Garden of the White House, Thursday, July 9, 2020, in Washington. (AP Photo/Evan Vucci)
July 09, 2020 - 4:51 pm
WASHINGTON (AP) — President Donald Trump signed an executive order Thursday that creates an advisory commission tasked with improving Hispanic Americans' access to economic and educational opportunities, a push that comes as the president hopes to win a bigger share of the Latino vote than he did...
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FILE - In this Friday, May 25, 2018 file photo, Luxembourg's Finance Minister Pierre Gramegna, left, speaks with Irish Finance Minister Paschal Donohoe during a meeting of EU finance ministers at the Europa building in Brussels. The powerful group of countries using Europe's single currency will choose a new president on Thursday, July 9, 2020, with three candidates vying for the challenging task of leading the 19-nation bloc out of the deepest economic recession in decades. The candidates for Eurogroup president are Spain's Economy Minister Nadia Calvino, Irish Finance Minister Paschal Donohoe and Luxembourg's Finance Minister Pierre Gramegna. (AP Photo/Virginia Mayo, File)
July 09, 2020 - 3:13 pm
BRUSSELS (AP) — Ireland's Paschal Donohoe was elected Thursday to head the powerful finance group of the 19 nations using Europe’s single currency, and vowed to lead the bloc through what is set to be a historically deep recession in the wake of the coronavirus pandemic. Donohoe, who has been...
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A woman scratches a $30 instant ticket while playing the lottery at Ted's Stateline Mobil on Wednesday, June 24, 2020 in Methuen, Mass. The coronavirus pandemic has been a rollercoaster for state lotteries across the country, with some getting a boost from the economic downturn and others scrambling to make up for revenue shortfalls. (AP Photo/Charles Krupa)
July 09, 2020 - 11:17 am
Boston (AP) — The coronavirus pandemic has been a rollercoaster for state lotteries across the country, with some getting a boost from the economic downturn and others scrambling to make up for revenue shortfalls. Since March, Texas, Arkansas and Montana and several other states have seen an...
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FILE - In this June 30, 2020 file photo, Treasury Secretary Steven Mnuchin testifies during a House Financial Services Committee hearing on the coronavirus response on Capitol Hill in Washington. The Treasury Department said it is releasing on Monday, July 6 the names of more than 700,000 companies that received funds from the government’s small business lending program, a massive effort intended to support the economy as states shut down in April to contain the viral outbreak (Tasos Katopodis/Pool via AP, File)
AP News
July 06, 2020 - 6:53 pm
WASHINGTON (AP) — The government on Monday identified roughly 650,000 mostly small businesses and nonprofits that received taxpayer money through a federal program that was designed to soften job losses from the coronavirus but also benefited wealthy, well-connected companies and some celebrity...
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President Donald Trump speaks during a "Salute to America" event on the South Lawn of the White House, Saturday, July 4, 2020, in Washington. (AP Photo/Patrick Semansky)
July 06, 2020 - 5:34 am
Presidential politics move fast. What we’re watching heading into a new week on the 2020 campaign: Days to next set of primaries (New Jersey and Delaware): 1 Days to general election: 120 ___ THE NARRATIVE We're moving into the heart of summer, but if you're expecting the traditional summertime...
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Musicians from the Lebanese Philharmonic Orchestra perform during a concert in the ancient northeastern city of Baalbek, Lebanon, Sunday, July 5, 2020. Dubbed "an act of cultural resilience," the concert aims to send a message of unity and hope to the world amid the coronavirus pandemic and an unprecedented economic and financial crisis in Lebanon. For the first time since the Baalbek International Festival was launched in 1956, this year's concert is being held without an audience, in line with strict COVID-19 guidelines. Instead, it is being broadcast live on local and regional TV stations and live-streamed on social media platforms. (AP Photo/Bilal Hussein)
July 05, 2020 - 10:32 pm
BAALBEK, Lebanon (AP) — Lebanon on Sunday hosted its annual music festival in the ancient northeastern city of Baalbek without an audience for the first time, a move organizers dubbed “an act of cultural resilience” to the coronavirus pandemic as well as the country's unprecedented economic...
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Friends of Santa Cruz State Parks volunteer Alejandro Ortiz closes the gate after allowing an overnight camper access to the parking lot at Francis Beach at Half Moon Bay State Park in Half Moon Bay, Calif., Friday, July 3, 2020. California Gov. Gavin Newsom ordered the parking lots of state beaches to close for the Fourth of July weekend to help prevent the spread of the coronavirus. Half Moon Bay added to the closure by restricting visitors access to the beach. (Jose Carlos Fajardo/Bay Area News Group via AP)
July 03, 2020 - 11:29 pm
LOS ANGELES — California Gov. Gavin Newsom is warning local elected officials that they risk losing state funding if they don’t enforce health orders as the coronavirus pandemic worsens. Newsom has rolled back or limited some businesses reopening in Los Angeles and 20 other counties, now including...
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