Latest Financial crisis News

People gather at the Supreme Court to honor the late Justice Ruth Bader Ginsburg, Saturday, Sept. 19, 2020, in Washington.  (AP Photo/Cliff Owen)

2020 Watch: Is this suddenly a new election?

Sep. 21, 2020 1:00 PM EDT

NEW YORK (AP) — Presidential politics move fast. What we’re watching heading into a new week on the 2020 campaign: Days to general election: 43 Days to first debate: 8 ___ THE NARRATIVE The October surprise of 2020 came early. The death of Ruth Bader Ginsburg injects another generational fight to...

FILE - In this Sept. 1, 2020 file photo, French President Emmanuel Macron, left, smiles as he meets Lebanon's President Michel Aoun at the presidential palace in Baabda, Lebanon, Tuesday, Sept. 1, 2020. In a televised address Monday, Sept. 21, 2020, Aoun warned that the crisis-hit country could be going to “hell” if a new government is not formed. An initiative led by Macron called for a Lebanese government of independent specialists that was to be formed by Sept. 15. (Gonzalo Fuentes/Pool via AP, File)

Lebanese president warns of 'hell' if no new gov't formed

Sep. 21, 2020 10:31 AM EDT

BEIRUT (AP) — Lebanon's president said Monday that the crisis-hit country could be going to “hell” if a new government was not formed, suggesting it would require a “miracle” for that to happen at this point. The stark warning comes as the country struggles to contain a...

An honor guard with the American Legion Post 374 of Millard wear face masks against COVID-19 present arms during the graveside service of David Owen Cary at the Omaha National Cemetery in Omaha, Neb., Thursday, Sept. 17, 2020. (AP Photo/Nati Harnik)

The Latest: New Zealand to end restrictions except in 1 city

Sep. 20, 2020 10:11 PM EDT

WELLINGTON, New Zealand: All remaining virus restrictions will be lifted across much of New Zealand from late Monday with the exception of the largest city, Auckland, which will continue to have some restrictions for at least another 16 days. Prime Minister Jacinda Ardern made the announcement Monday after...

Southwest Georgia steel fabricator closes, laying off 128

Sep. 19, 2020 3:28 PM EDT

THOMASVILLE, Ga. (AP) — A steel fabricator is closing in southwest Georgia, laying off 128 employees. Alpharetta-based Cives Corp. is closing its Thomasville location, leaving it with seven nationwide. Cives President Greg Orff told the Thomasville Times-Enterprise that the economic downturn sparked by the...

Peru's President Martin Vizcarra greets reporters after addressing Congress in Lima, Peru, Friday, Sept. 18, 2020. Vizcarra’s job is on the line Friday as opposition lawmakers push through an impeachment hearing criticized as a hasty and poorly timed ouster attempt in one of the countries hardest hit by the coronavirus pandemic. (AP Photo/Rodrigo Abd)

Peru president survives impeachment vote amid virus turmoil

Sep. 18, 2020 11:36 PM EDT

LIMA, Peru (AP) — Peruvian President Martín Vizcarra easily survived an impeachment vote Friday night after opposition lawmakers failed to amass enough support to oust the leader as the country copes with one of the world’s worst coronavirus outbreaks. The decision came after long hours of...

Lebanese Afaf Adulhamid the mother of Mohammed Khaldoun, 27, who is still missing at sea while he was trying with other migrants to reach Cyprus on a boat, cries and prays her son's safe return, as she stands on the coast of Tripoli city, north Lebanon Thursday, Sept. 17, 2020. Mohammed is one of scores of people who have tried in recent weeks to flee Lebanon that is passing through its worst economic and financial crisis in decades to European Union member Cyprus. (AP Photo/Hussein Malla)

One family's desperate, deadly attempt to flee Lebanon

Sep. 18, 2020 3:18 PM EDT

TRIPOLI, Lebanon (AP) — Mohammed Sufian did not dream of much: a job, food on the table, the chance to buy his 2½-year-old son the little things a toddler wants. So when he heard that smugglers were taking people from his hometown of Tripoli to the nearby Mediterranean island of Cyprus, he decided to...

Iowa's unemployment rate falls to 6% in August

Sep. 18, 2020 1:31 PM EDT

DES MOINES, Iowa (AP) — Iowa's unemployment rate for August dropped to 6%, continuing a decline from an April high hit amid an economic slowdown caused by the coronavirus outbreak, officials announced Friday. Iowa Workforce Development reported the August rate was down from 6.8% in July and 11% in April....

A man sits inside of the Bankia bank in Madrid, Spain, Friday, Sept. 18, 2020. Two of Spain's biggest banks have announced their merger, pushed together by a need to weather tough economic times that likely will cost thousands of jobs. The tie-up between CaixaBank and Bankia will create the largest lender in the country, with assets of more than 664 billion euros ($787 billion). (AP Photo/Manu Fernandez)

Spanish banks merge in sign of hard economic times ahead

Sep. 18, 2020 8:01 AM EDT

LISBON, Portugal (AP) — Two of Spain’s biggest banks said Friday they were merging, pushed together by a need to weather tough economic times that likely will cost thousands of jobs. The tie-up between CaixaBank and Bankia will create the largest lender in the country, with assets of more than 664...

Audience members watch from their cars as Democratic presidential candidate former Vice President Joe Biden, seen on a monitor, speaks during a CNN town hall in Moosic, Pa., Thursday, Sept. 17, 2020. (AP Photo/Carolyn Kaster)

At town hall, Biden blasts Trump's 'criminal' virus response

Sep. 18, 2020 12:58 AM EDT

MOOSIC, Pa. (AP) — Joe Biden on Thursday went after President Donald Trump again and again over his handling of COVID-19, calling Trump's downplaying of the pandemic “criminal” and his administration “totally irresponsible." “You’ve got to level with the American people...

FILE - In this July 1, 2020, file photo, Tennessee Gov. Bill Lee answers questions during a news conference in Nashville, Tenn. Lee on Thursday, Sept. 3, 2020, would not say whether he would be vaccinated against COVID-19 when a vaccine becomes available. (AP Photo/Mark Humphrey, File)

Lee chides Nashville's virus relief spending, restrictions

Sep. 17, 2020 6:18 PM EDT

NASHVILLE, Tenn. (AP) — Tennessee Gov. Bill Lee on Thursday criticized Nashville's use of coronavirus relief funds as the city seeks additional financial help in its response to the pandemic. Lee chided Nashville Mayor John Cooper for not prioritizing small businesses and urged the city to focus remaining...