Latest Financial crisis News
2020 Watch: Is this suddenly a new election?
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...
Lebanese president warns of 'hell' if no new gov't formed
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...
The Latest: New Zealand to end restrictions except in 1 city
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
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 president survives impeachment vote amid virus turmoil
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...
One family's desperate, deadly attempt to flee Lebanon
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
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....
Spanish banks merge in sign of hard economic times ahead
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...
At town hall, Biden blasts Trump's 'criminal' virus response
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...
Lee chides Nashville's virus relief spending, restrictions
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...
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