Latest Financial crisis News

Medical staff holds swabs for rapid COVID-19 tests at a high school in Rome, Monday, Sept. 28, 2020. While hospitalizations and intensive care admissions are slightly rising, Italy has so far managed to keep its coronavirus infections per 100,000 people far lower than France, Spain or Britain, which earlier this week were forced to impose new restrictions to avoid a second pandemic wave. (Cecilia Fabiano/LaPresse via AP)

The Latest: Kansas: Record 16% of virus tests are positive

Sep. 28, 2020 2:42 PM EDT

TOPEKA, Kan. — Kansas is reporting another seven-day record for new coronavirus cases, with 16% of tests for the virus during that period coming back positive. The Kansas Department of Health and Environment said Monday that the U.S. state had 2,037 new confirmed and probable coronavirus cases since...

Lebanese army soldiers stand guard as anti-government protesters block a main highway during a demonstration against deteriorating economic conditions as politicians are deadlocked over forming a new government, in the town of Jal el-Dib, north of Beirut, Lebanon, Sunday, Sept. 27, 2020. Lebanese Prime Minister-designate Mustapha Adib resigned Saturday amid a political impasse over government formation, dealing a blow to French President Emmanuel Macron's efforts to break a dangerous stalemate in the crisis-hit country. (AP Photo/Bilal Hussein)

EU concerned over resignation of Lebanon's PM-designate

Sep. 28, 2020 2:14 PM EDT

BEIRUT (AP) — The European Union expressed “disappointment and concern” Monday about the resignation of Lebanon’s prime minister-designate over the weekend and urged the country’s leaders to do their best to form a Cabinet that meets the demands of the people. Mustapha...

French President Emmanuel Macron speaks during a press conference on the situation in Lebanon, Sunday, Sept.27, 2020 in Paris. Lebanon's prime minister-designate Moustapha Adib resigned Saturday amid a political impasse over government formation, dealing a blow to French President Emmanuel Macron's efforts to break a dangerous stalemate in the crisis-hit country. (AP Photo/Lewis Joly, Pool)

Macron 'ashamed' of Lebanon's political leaders amid crisis

Sep. 28, 2020 6:36 AM EDT

PARIS (AP) — French President Emmanuel Macron assailed Hezbollah and the entire Lebanese political class Sunday, and warned of a new civil war if they can’t set aside personal and religious interests to unlock international aid and save Lebanon from economic collapse. But Macron said France...

FILE - In this Monday, Aug. 31, 2020, file photo, Lebanese Prime Minister-designate Mustapha Adib speaks to journalists at the Presidential Palace in Baabda, east of Beirut, Lebanon. Adib has resigned Saturday, Sept. 26, 2020 amid a political impasse over government formation, nearly a month after he was appointed to the job. The announced by Adib deals a blow to French President Emmanuel Macron's efforts to break a dangerous stalemate in the crisis-hit country. (AP Photo/Bilal Hussein, File)

Lebanese nominated premier resigns, in blow to Macron plan

Sep. 26, 2020 1:26 PM EDT

BEIRUT (AP) — Lebanon’s prime minister-designate resigned Saturday amid a political impasse over government formation, dealing a blow to French President Emmanuel Macron’s efforts to break a dangerous stalemate in the crisis-hit country. The announcement by Moustapha Adib nearly a month...

Pope Francis is seen on a video screen in an empty conference room at United Nations headquarters as he speaks in a pre-recorded message addressing the 75th session of the United Nations General Assembly the 75th session of the United Nations General Assembly, Friday, Sept. 25, 2020, at U.N. headquarters.  (AP Photo/Mary Altaffer)

Pope to UN: Use COVID crisis to come out better, not worse

Sep. 25, 2020 12:19 PM EDT

ROME (AP) — Pope Francis urged world leaders Friday to use the coronavirus emergency as an opportunity to reform the injustices of the global economy and the “perverse logic” of the nuclear deterrence doctrine, warning that increased isolationist responses to problems “must not...

FILE - In this April 1, 2020 photo, a

Sales of new homes surge 4.8% in August

Sep. 24, 2020 12:11 PM EDT

NEW YORK (AP) — Demand for new homes continues to surge despite an ongoing pandemic and lingering anxiety about the U.S. economy. The pace of sales have now reached levels last seen before the Great Recession in 2006. Sales new homes in August rose by a very strong 4.8% to a seasonally-adjusted annual...

Chief of Defence Staff Jonathan Vance, left, and Canadian Prime Minister Justin Trudeau listen to Gov. Gen. Julie Payette deliver the throne speech in the Senate chamber in Ottawa, Ontario, on Wednesday, Sept. 23, 2020. (Adrian Wyld/The Canadian Press via AP)

Trudeau says Canada is in a second COVID-19 wave

Sep. 23, 2020 7:34 PM EDT

TORONTO (AP) — Prime Minister Justin Trudeau said Wednesday that Canada is in a second wave of COVID-19 and warned the country is on the brink of a fall season that could be much worse than the spring. Trudeau noted that when Canada went into lockdown March 13 there were 47 new confirmed cases of COVID-19,...

Power outage darkens much of Venezuela, puts down phones

Sep. 23, 2020 6:12 PM EDT

CARACAS, Venezuela (AP) — A power outage left parts of Venezuela’s capital and several states in the dark Wednesday, residents and independent observers said. The internet monitoring organization NetBlocks said the outage that started in the early afternoon darkened much of the South American...

Principal Susan Stevens talks to the media during a demonstration of a socially-distanced classroom at A.J. Whittenberg Elementary School of Engineering Monday, July 20, 2020, in Greenville, S.C. (AP Photo/Chris Carlson)

S Carolina teachers stay home to advocate for pay, safety

Sep. 23, 2020 12:31 PM EDT

COLUMBIA, S.C. (AP) — Some South Carolina teachers took a personal day Wednesday to fight for safer classrooms amid the pandemic as well as an annual small raise that was frozen after the economy crashed because of the virus. Unlike May 2019, when SC for Ed brought 10,000 people to the Statehouse for a...

FILE - In this Dec. 31, 2016 file photo, the sun rises over the city skyline with the Burj Khalifa, the world's tallest building, on a foggy day in Dubai, United Arab Emirates. Dubai is tapping the global financial market to potentially raise billions of dollars for the first time in years. That's according to a bond prospectus seen on Tuesday, Sept. 1, 2020, by The Associated Press. It reveals the deepening toll of the coronavirus pandemic on Dubai's economy. (AP Photo/Kamran Jebreili, File)

Reports: Kuwait and the UAE in economic pain amid pandemic

Sep. 23, 2020 9:35 AM EDT

DUBAI, United Arab Emirates (AP) — Two oil-rich Arab Gulf states suffered severe economic blows on Wednesday, as a major credit agency downgraded Kuwait for the first time and the United Arab Emirates acknowledged its economy would contract to a level last seen in 2009. The agency, Moody’s Investors...