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FILE - In this April 11, 2018, file photo, actor Dwayne Johnson poses for photographers at the premiere of the

World leaders, stars unite at event aimed at fighting virus

Jun. 28, 2020 4:03 AM EDT

LONDON (AP) — A summit that included a star-studded virtual concert hosted by Dwayne Johnson has raised nearly $7 billion in cash and loan guarantees to assist the poor around the globe whose lives have been upended by the coronavirus pandemic. Global Citizen said its summit with world leaders had raised...

Bulgaria steps in to help bank as it eyes eurozone accession

Jun. 12, 2020 11:25 AM EDT

SOFIA, Bulgaria (AP) — Bulgaria’s government is stepping in to guarantee 70% of the capital increase of a private bank, a move meant to facilitate the country's accession to the EU banking union and to start the two-year process that leads to joining the euro. The government cleared the state-owned...

German Chancellor Angela Merkel talks to French President Emmanuel Macron, connected by video, during a press conference after a joint video conference in Berlin, Germany, Monday, May 18, 2020. One topic was the corona pandemic and its consequences. (Kay Nietfeld/dpa via AP)

Germany, France propose virus recovery fund for EU economy

May. 18, 2020 2:57 PM EDT

BERLIN (AP) — The leaders of Germany and France agreed Monday on a one-off 500 billion-euro ($543 billion) fund to help the European Union recover from the coronavirus pandemic, a proposal that would add further cash to an arsenal of financial measures the bloc is readying to cope with the outbreak's...

The sun sets behind the buildings of the banking district in Frankfurt, Germany, Saturday, May 9, 2020. (AP Photo/Michael Probst)

Business to Europe: Get busy on stimulus

May. 12, 2020 8:58 AM EDT

FRANKFURT, Germany (AP) — Major business groups in Germany, France and Italy are urging European governments to ramp up their joint fiscal stimulus efforts against the economic downturn cased by the virus outbreak, saying that the EU response “must be of an unprecedented scale.” The call was...