Latest Economy News

President Donald Trump speaks during a news conference at the Trump National Golf Club in Bedminster, N.J., Saturday, Aug. 8, 2020. (AP Photo/Susan Walsh)

Trump order allows some unemployment pay, defers payroll tax

Aug. 9, 2020 12:03 AM EDT

BEDMINSTER, N.J. (AP) — President Donald Trump has bypassed the nation's lawmakers as he claimed the authority to defer payroll taxes and replace an expired unemployment benefit with a lower amount after negotiations with Congress on a new coronavirus rescue package collapsed. Trump's orders on Saturday...

Customers at a cafe enjoy lunch in the sunshine in Christchurch, New Zealand, Sunday, Aug. 9, 2020. New Zealand marked a 100 days of being free from the coronavirus in its communities Sunday, Aug. 9, with just a handful of infections continuing to be picked up at the border where people are quarantined. (AP Photo/Mark Baker)

New Zealand marks 100 days of virus elimination

Aug. 8, 2020 11:26 PM EDT

WELLINGTON, New Zealand (AP) — New Zealand on Sunday marked 100 days since it stamped out the spread of the coronavirus, a rare bright spot in a world that continues to be ravaged by the disease. Life has returned to normal for many people in the South Pacific nation of 5 million, as they attend rugby...

President Donald Trump speaks during a news conference at the Trump National Golf Club in Bedminster, N.J., Saturday, Aug. 8, 2020. (AP Photo/Susan Walsh)

Trump allows some unemployment pay, defers payroll tax

Aug. 8, 2020 11:24 PM EDT

BEDMINSTER, N.J. (AP) — President Donald Trump on Saturday bypassed the nation's lawmakers as he claimed the authority to defer payroll taxes and replace an expired unemployment benefit with a lower amount after negotiations with Congress on a new coronavirus rescue package collapsed. Trump's orders...

FILE - In this April 29 2020, file photo, a resident from the Alexandra township gets tested for COVID-19 , in Johannesburg, South Africa. Africa’s confirmed coronavirus cases have surpassed 1 million, but global health experts tell The Associated Press the true toll is several times higher.  (AP Photo/Jerome Delay, File)

The Latest: Brazil surpasses 100,000 deaths from COVID-19

Aug. 8, 2020 6:26 PM EDT

RIO DE JANEIRO -- Brazil has surpassed a grim milestone — 100,000 deaths from COVID-19. And five months after the first reported case, the country is showing no signs of crushing the disease. The nation of 210 million people has been reporting an average of more than 1,000 daily deaths from the pandemic...

Thousands protest against Israel's Prime Minister Benjamin Netanyahu in front of his official residence in Jerusalem, Saturday, Aug. 8, 2020.  (AP Photo/Ariel Schalit)

Thousands throng central Jerusalem in anti-Netanyahu protest

Aug. 8, 2020 5:04 PM EDT

JERUSALEM (AP) — Thousands of demonstrators thronged the streets near the official residence of Prime Minister Benjamin Netanyahu in central Jerusalem on Saturday night, in a renewed show of strength as weeks of protests against the Israeli leader showed no signs of slowing. Throughout the summer,...

Belarusian police officers detain a man in Minsk, Belarus, Saturday, Aug. 8, 2020. On Saturday evening, police arrested at least 10 people as hundreds of opposition supporters drove through the center of the capital waving flags and brandishing clenched-fist victory signs from the vehicles' windows. The presidential election in Belarus is scheduled for August 9, 2020. (AP Photo/Sergei Grits)

Belarus' leader faces toughest challenge yet in Sunday vote

Aug. 8, 2020 5:03 PM EDT

MINSK, Belarus (AP) — After 26 years in office, the authoritarian leader of Belarus is facing the toughest challenge yet as he runs for a sixth term. Discontent over a worsening economy and the government's dismissive response to the coronavirus pandemic has helped fuel the country's largest opposition...

Bypassing Congress, Trump defers payroll tax, extends unemployment benefits as negotiations on coronavirus package stall

Aug. 8, 2020 4:51 PM EDT
BEDMINSTER, N.J. (AP) — Bypassing Congress, Trump defers payroll tax, extends unemployment benefits as negotiations on coronavirus package stall.
People clash with police during a protest against the political elites and the government after this week's deadly explosion at Beirut port which devastated large parts of the capital and killed more than 150 people, in Beirut, Lebanon, Saturday, Aug. 8, 2020. (AP Photo/Felipe Dana)

Fury over Beirut blast fuels protests, clashes with police

Aug. 8, 2020 3:57 PM EDT

BEIRUT (AP) — Public fury over this week’s massive explosion in Beirut took a new turn Saturday night as protesters stormed government institutions and clashed for hours with security forces, who responded with heavy volleys of tear gas and rubber bullets. One police officer was killed and dozens...

Oregon imposes new fee for out-of-state campers

Aug. 8, 2020 1:24 PM EDT

SALEM, Ore. (AP) — Out-of-state travelers will be charged more while camping at a state park in Oregon to help recoup some losses during the economic downfall caused by the coronavirus pandemic. The Oregon Parks and Recreation Department has announced a 30% surcharge on nonresidents who make new camping...

French President Emmanuel Macron waves as he visits Beirut, Lebanon, Thursday Aug.6, 2020. French President Emmanuel Macron has arrived in Beirut to offer French support to Lebanon after the deadly port blast.(AP Photo/Thibault Camus, Pool)

Is France helping Lebanon, or trying to reconquer it?

Aug. 8, 2020 1:03 PM EDT

PARIS (AP) — It was almost as if Emmanuel Macron forgot that Lebanon is no longer a French protectorate. Visiting explosion-ravaged Beirut this week, France’s leader comforted distraught crowds, promised to rebuild the city and claimed that the blast pierced France’s own heart. “France...