Latest Economy News

Health workers collect a nasal swab sample from a Buddhist monk to test for the coronavirus at the Wat Pho temple in Bangkok, Thailand, Saturday, May 30, 2020. (AP Photo/Sarayuth Jojaiharn))

Asia Today: India caseload surges again; 39 sick in S. Korea

May. 30, 2020 7:29 AM EDT

NEW DELHI (AP) — India on Saturday registered another record single-day jump of 7,964 coronavirus cases and 265 deaths, a day before the 2-month-old lockdown is set to end. The Health Ministry put the total number of confirmed cases at 173,763 with 4,971 deaths. The infections include 82,369 people who...

Workers wearing protective gear disinfect as a precaution against the new coronavirus in a class at a high school in Busan, South Korea, Saturday, May 30, 2020. (Jo Jung-ho/Yonhap via AP)

The Latest: Germany: Mask-less governor committed no crime

May. 30, 2020 7:06 AM EDT

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — Italy issues warning on tourism reopenings —...

Indians wait outside a popular eatery for their takeaway food orders in Bengaluru, India, Saturday, May 30, 2020. India started easing lockdown restrictions earlier this month, allowing reopening of shops and manufacturing and resumption of some trains and domestic flights and vehicles' movement. The federal government is expected to issue a new set of guidelines this weekend, possibly extending the lockdown in worst-hit areas. (AP Photo/Aijaz Rahi)

Trump WHO funding cut prompts criticism as virus spreads

May. 30, 2020 6:33 AM EDT

WASHINGTON (AP) — President Donald Trump's announcement he was cutting U.S. funding for the World Health Organization prompted criticism Saturday, as spiking infection rates in India and elsewhere served as a reminder the global pandemic is far from contained. Trump on Friday charged that the WHO...

FILE - In this Monday, May 11, 2020, file photo, Nepalese students shout slogans during a protest against the Indian government inaugurating a new road through a disputed territory between India and Nepal, in Kathmandu, Nepal. Nepal's latest border dispute with India, that has strained relations between the two South Asian countries with centuries-old historical, cultural and economical ties, has brought tiny Himalayan nation's bickering political parties together in a rare show of unity. (AP Photo/Niranjan Shrestha, File)

Nepal's parties show rare unity on border dispute with India

May. 30, 2020 5:05 AM EDT

KATHMANDU, Nepal (AP) — While Nepal's latest border dispute with India has strained relations between South Asian neighbors with centuries-old historical, cultural and economic ties, it also has brought the tiny Himalayan nation's bickering political parties together in a rare show of unity. The opposition...

Aircrafts of the German airline Lufthansa are parked at the airport in Munich, Germany, Tuesday, May 26, 2020. Germany on Monday approved a 9 billion-euro ($9.8 billion) aid package for stricken airline Lufthansa to keep a major employer going through the turbulence of the coronavirus pandemic. (AP Photo/Matthias Schrader)

$10 billion bailout for Germany's Lufthansa passes hurdle

May. 30, 2020 4:50 AM EDT

BERLIN (AP) — German flagship airline Lufthansa agreed Saturday to a compromise worked out between the government and the European Union, overcoming a major hurdle toward final approval of a 9 billion-euro ($10 billion) bailout from Berlin. Lufthansa said in a statement it had agreed to the compromise...

Landlords lining up to evict hundreds once freeze expires

May. 30, 2020 3:01 AM EDT

TAMPA, Fla. (AP) — In the seven weeks since Gov. Ron DeSantis issued an executive order to protect people from losing their homes during the coronavirus pandemic, hundreds of eviction cases have stacked up in Florida courts, waiting for the order to lapse. They include more than 250 in Hillsborough County...

A woman passes a fence outside Brooklyn's Green-Wood Cemetery adorned with tributes to victims of COVID-19, Thursday, May 28, 2020, in New York. The memorial is part of the Naming the Lost project which attempts to humanize the victims who are often just listed as statistics. (AP Photo/Mark Lennihan)

The Latest: 400 German managers, workers returning to China

May. 29, 2020 10:43 PM EDT

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — Two United Nations peacekeepers serving in Mali have died...

FILE - In this May 19, 2020 file photo traffic moves along Interstate 10 as downtown Los Angeles is seen in the background in Los Angeles. California voters on the November ballot will decide whether to raise property taxes on commercial and industrial land to raise up to an estimated $12 billion annually for public schools and city halls across the state. (AP Photo/Mark J. Terrill,File)

California to vote on business tax hike worth up to $12B

May. 29, 2020 9:02 PM EDT

SACRAMENTO, Calif. (AP) — California voters in November will decide whether to increase property taxes on commercial and industrial land to raise up to an estimated $12 billion annually for public schools and city halls across the state. The ballot measure contest will pit big city mayors and pro-labor...

A passenger waits to check his luggage at Belgrade Nikola Tesla Airport, Serbia, Thursday, May 21, 2020. Serbia's national carrier Air Serbia has resumed commercial flights as the government eased the lockdown against the new coronavirus. Crisis authorities have said the situation in the country has stabilized despite virus clusters in the southern area. (AP Photo/Darko Vojinovic)

Nations ease more restrictions, air travel opening up more

May. 29, 2020 9:00 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the national and global response, the work place and the spread of the virus. ________________________ BY LAND AND BY SEA: Passenger traffic has resumed at the main...

John Price and Bijan Black have lunch with their son Parker Price, 2, all of Seat Pleasant, Md., at the Wharf area in Washington, Friday, May 29, 2020. This was their first time venturing out since the coronavirus pandemic started. (AP Photo/Susan Walsh)

Trump takes aim at WHO as US economic outlook worsens

May. 29, 2020 8:52 PM EDT

WASHINGTON (AP) — With new U.S. economic numbers highlighting the rough road ahead for a hoped-for rebound, President Donald Trump on Friday took aim at the World Health Organization and China, blaming both for their roles in the pandemic's devastation. Trump announced that the United States will end its...