Latest Financial crisis News

FILE - In this April 25, 2019, file photo, Oklahoma quarterback Kyler Murray embraces NFL Commissioner Roger Goodell after the Arizona Cardinals selected Murray in the first round at the NFL football draft in Nashville, Tenn. NFL vice president Troy Vincent has sent a letter to several prospects inviting them to participate “live” in the NFL draft in three weeks. In recent drafts, first-round selections were announced by Commissioner Goodell. Then followed hugs involving players and Goodell — some of them comical — and photo sessions with the players wearing team ball caps or even showing off team jerseys. This year, with all public events at the planned site of Las Vegas canceled and the draft set to proceed remotely, players will likely be at their homes when their names are called. (AP Photo/Mark Humphrey, File)

The Latest: NFL going virtual for upcoming draft

Apr. 6, 2020 2:58 PM EDT

The Latest on the effects of the coronavirus outbreak on sports around the world: ___ The NFL draft will be conducted in a virtual format, with team personnel working from their homes. In a memo sent to the 32 teams, NFL Commissioner Roger Goodell outlined procedures for the April 23-25 draft. The guidelines...

German Chancellor Angela Merkel brief the media about measures of the German government to avoid further spread of the coronavirus at the chancellery in Berlin, Germany, Monday, April 6, 2020. In order to slow down the spread of the coronavirus, the German government has considerably restricted public life and asked the citizens to stay at home. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Markus Schreiber,Pool)

The Latest: France has its highest 24-hour death toll

Apr. 6, 2020 2:43 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: — France’s health minister has reported the...

A food delivery rider passes by a banner reading ' Stronger together, all together we will make it ',  in Milan, Italy, Sunday, April 5, 2020. The government is demanding Italians stay home and not take the leveling off of new coronavirus infections as a sign the emergency is over, following evidence that more and more Italians are relaxing restrictions the west’s first and most extreme nationwide lockdown and production shutdown. (Claudio Furlan/LaPresse via AP)

Cracks in Europe's shared currency reappear in virus crisis

Apr. 6, 2020 12:56 PM EDT

FRANKFURT, Germany (AP) — The virus outbreak is exposing cracks in the foundation of Europe's 21-year-old shared currency and festering animosities among its members, even as governments struggle to come up with a unified response where success or failure could mark the continent's politics for years to...

FILE - In this April 1, 2020, file photo President Donald Trump listens during a briefing about the coronavirus in the James Brady Press Briefing Room of the White House in Washington. Trump is governing through the most dangerous crisis forced upon any U.S. leader since World War II. And just seven months before Election Day, he is entering a critical stretch that will determine his reelection, his legacy, and the character of the nation. (AP Photo/Alex Brandon, File)

Trump sees limits of presidency in avoiding blame for virus

Apr. 6, 2020 7:11 AM EDT

WASHINGTON (AP) — President Donald Trump is confronting the most dangerous crisis a U.S. leader has faced this century as the coronavirus spreads and a once-vibrant economy falters. As the turmoil deepens, the choices he makes in the critical weeks ahead will shape his reelection prospects, his legacy and...

A lone taxi cab drives over a typically gridlocked highway with the Burj Khalifa, the world's tallest building, in the skyline behind it in Dubai, United Arab Emirates, Monday, April 6, 2020. Dubai, one of seven sheikdoms in the United Arab Emirates, is now under a 24-hour lockdown over the new coronavirus pandemic. (AP Photo/Jon Gambrell)

Dubai's Emaar sells 80% stake in cooling system for $675M

Apr. 6, 2020 3:31 AM EDT

DUBAI, United Arab Emirates (AP) — Dubai's state-backed developer Emaar said on Monday it sold an 80% share of its district cooling project around the Burj Khalifa, the world's tallest building, for $675 million as the city-state's property market suffers from the new coronavirus pandemic. The sale to...

In this Thursday, April 2, 2020 photo, an oil rig lights up the horizon on the outskirts of Midland, Texas after a late sunset. (Odessa American/Eli Hartman)

Chaos and scrambling in the US oil patch as prices plummet

Apr. 6, 2020 12:07 AM EDT

NEW YORK (AP) — In Montana, a father and son running a small oil business are cutting their salaries in half. In New Mexico, an oil truck driver who supports his family just went a week without pay. And in Alaska, lawmakers have had to dip into the state's savings as oil revenue dries up. The global...

A man is pushed in the wheelchair while wearing protective masks near Real Madrid's Santiago Bernabeu stadium in Madrid, Spain, Friday, March 13, 2020.  Real Madrid have said its players were being placed in isolation after one of the club's basketball players, who share facilities with Madrid's soccer players, tested positive for the COVID-19 coronavirus. That led to the instant decision by the Spanish league to bring matches to a halt for the next two rounds. For most people, the new coronavirus causes only mild or moderate symptoms. For some it can cause more severe illness, especially in older adults and people with existing health problems. (AP Photo/Paul White)

Spanish players criticize league's call for furloughs

Apr. 5, 2020 3:13 PM EDT

MADRID (AP) — Soccer players in Spain on Sunday criticized the Spanish league’s decision to ask clubs to put the footballers on government furloughs during the coronavirus crisis. The league on Friday said the furloughs were needed because there was no agreement on the size of the salary cuts that...

A man pushing a shopping cart with food on the street as South African National Defence Forces drive through a densely populated Alexandra township east of Johannesburg, South Africa, Saturday, March 28, 2020. South Africa went into a nationwide lockdown for 21 days in an effort to control the spread of the COVID-19 coronavirus. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Themba Hadebe)

'Complete collapse of economies' ahead as Africa faces virus

Apr. 5, 2020 5:57 AM EDT

KAMPALA, Uganda (AP) — Some of Uganda’s poorest people used to work here, on the streets of Kampala, as fruit sellers sitting on the pavement or as peddlers of everything from handkerchiefs to roasted peanuts. Now they're gone and no one knows when they will return, victims of a global economic...

In this photo made on, April 2, 2020, nurse anesthetist Jessica Poole checks for updates on the coronavirus pandemic in her home office in Greensburg, Pa. Poole, until a couple weeks ago, worked for a private anesthesia practice that serves the Pittsburgh area until she was laid off. She is one of the tens of thousands of medical workers across the United States suddenly out of work as operating rooms and doctor's offices go dark, casualties of urgent calls to prioritize coronavirus patients at overwhelmed hospitals and of the economic waves the crisis is churning. (AP Photo/Keith Srakocic)

A mounting casualty of coronavirus crisis: Health care jobs

Apr. 4, 2020 12:16 PM EDT

HARRISBURG, Pa. (AP) — Tens of thousands of medical workers across the United States are suddenly out of work as operating rooms and doctor's offices go dark, casualties of urgent calls to prioritize coronavirus patients at overwhelmed hospitals and of the economic waves the crisis is churning. Even as...

In this March 27, 2020 photo, Kim Simeon and children Annabel, 9, and Brennan, 11, pose for a photo with Nala, a dog they are fostering, in Omaha, Neb. The Simeon family was headed home to Omaha from a much-needed Smoky Mountains vacation when Kim Simeon spotted a social media post from the Nebraska Humane Society, pleading with people to consider fostering a pet.   (AP Photo/Nati Harnik)

Pet fostering takes off as coronavirus keeps Americans home

Apr. 4, 2020 9:14 AM EDT

OMAHA, Neb. (AP) — The Simeon family was heading home to Omaha from a Smoky Mountains vacation when Kim Simeon spotted a social media post from the Nebraska Humane Society, pleading with people to consider fostering a pet amid concerns about how the coronavirus would affect operations. A day later, a 1...