Latest Government aid for industry News

Air France workers gather during a protest in front of the company headquarters in Tremblay-en-France, outside Paris Friday, July 3, 2020. Air France is meeting with personnel representatives Friday to discuss thousands of job cuts after the virus pandemic grounded most flights and darkened prospects for future air travel. (AP Photo/Christophe Ena)

Virus-hammered Air France announces 7,500 job cuts

Jul. 3, 2020 5:40 PM EDT

PARIS (AP) — Air France and regional subsidiary Hop announced 7,500 job cuts Friday after the virus pandemic grounded most flights and darkened prospects for future air travel. Activists from multiple unions protested at Air France headquarters at Paris’ Charles de Gaulle Airport as talks began...

Federal Reserve Board Chairman Jerome Powell, left, and Treasury Secretary Stephen Mnuchin, bump elbows at the conclusion of a House Committee on Financial Services hearing on oversight of the Treasury Department and Federal Reserve pandemic response, Tuesday, June 30, 2020 on Capitol Hill in Washington.  (Tasos Katopodis/Pool via AP)

Congress extends relief program for COVID-slammed businesses

Jul. 1, 2020 8:35 PM EDT

WASHINGTON (AP) — The House on Wednesday easily passed a temporary extension of a subsidy program for small businesses slammed by the coronavirus, speeding the measure to President Donald Trump. Approval by voice vote without debate came after Democrats pushed the legislation through the GOP-controlled...

Residents wearing masks to curb the spread of the coronavirus past by a Huawei shop in Beijing on Friday, June 5, 2020. China on Wednesday demanded Washington stop

China: US 'oppressing Chinese companies' in new Huawei move

Jul. 1, 2020 5:46 AM EDT

BEIJING (AP) — China on Wednesday demanded Washington stop “oppressing Chinese companies” after U.S. regulators declared telecom equipment suppliers Huawei and ZTE to be national security threats. The Federal Communications Commission on Tuesday blocked the Chinese vendors from receiving...

Senate extends small business coronavirus relief program

Jun. 30, 2020 9:24 PM EDT

WASHINGTON (AP) — Democrats drove a temporary extension of a popular subsidy program for small businesses through the GOP-controlled Senate late Tuesday, an unexpected development that came as spikes in coronavirus cases in many states are causing renewed shutdowns of bars and other businesses. The move by...

Appeals court panel weighs Wilmington Trust convictions

Jun. 30, 2020 6:41 PM EDT

DOVER, Del. (AP) — Attorneys representing former executives for the only financial institution to be criminally charged in connection with the federal bank bailout program have asked a federal appeals court panel to overturn their convictions. Defense attorneys argued Tuesday that prosecutors had failed to...

Missouri high court says state must pay Planned Parenthood

Jun. 30, 2020 4:14 PM EDT

COLUMBIA, Mo. (AP) — The Missouri Supreme Court on Tuesday ruled that lawmakers violated the state constitution when they tried to end all government funding of Planned Parenthood. The 6-1 ruling scraps a provision in a state budget law forbidding Medicaid reimbursements to any Planned Parenthood clinic,...

FILE - In this March 12, 2020, file photo, West Virginia Gov. Jim Justice speaks during a press conference at the State Capitol in Charleston, W.Va. Justice said Monday, June 22, 2020, that coronavirus cases are climbing across the state though he declined to strengthen restrictions as his reopening plan continues. The active caseload has increased by 28% over the past two weeks as outbreaks emerged at churches and after a number of West Virginians traveled to Myrtle Beach, South Carolina, according to state health officials.  (F. Brian Ferguson/Charleston Gazette-Mail via AP, File)

West Virginia gov details plans for $1.25B aid package

Jun. 26, 2020 6:15 PM EDT

CHARLESTON, W.Va. (AP) — West Virginia Gov. Jim Justice unveiled his plans for a $1.25 billion coronavirus aid package on Friday after months of questions over how he would spend the money. The Republican governor's strategy for the federal CARES Act relief fund was disclosed after local, state and...

FILE - In this file photo dated Aug. 21, 2019, a KLM passenger plane approaches for landing at Lisbon airport. The Dutch government announced Friday, June 26, 2020 that it will throw national carrier KLM a 3.4 billion euro ($3.81 billion)  lifeline to help the airline survive the aviation slump caused by the coronavirus pandemic. (AP Photo/Armando Franca, File)

Dutch minister throws carrier KLM 3.4 billion euro lifeline

Jun. 26, 2020 3:26 AM EDT

THE HAGUE, Netherlands (AP) — The Dutch government announced Friday that it will throw national carrier KLM a 3.4 billion-euro ($3.81 billion) lifeline to help the airline survive the aviation slump caused by the coronavirus pandemic. Finance Minister Wopke Hoekstra said the support package is made up of a...

The setting sun illuminates the tail fin of a Lufthansa aircraft at the airport in Frankfurt, Germany, Tuesday, June 23, 2020. The German airline Lufthansa will hold its annual shareholders meeting on Thursday. (AP Photo/Michael Probst)

Lufthansa shareholders approve German rescue package

Jun. 25, 2020 1:10 PM EDT

FRANKFURT, Germany (AP) — Lufthansa shareholders approved a 9 billion-euro ($11 billion) rescue package Thursday that will see the German government take a 20% stake after management told them the airline was running out of money and faced years of reduced demand for air travel. Shareholders gave the...

Part of a car caravan of postal employees has a sign on it asking Congress to approve emergency funding for the Postal Service, Tuesday, June 23, 2020, on Capitol Hill in Washington. The U.S. Postal Service’s famous motto — “Neither snow nor rain nor heat nor gloom of night stays these couriers” — is being tested like never before, by challenges that go well beyond the weather. Its finances have been devastated by the coronavirus. (AP Photo/Jacquelyn Martin)

Mail-in ballots thrust Postal Service into presidential race

Jun. 25, 2020 11:06 AM EDT

WASHINGTON (AP) — The U.S. Postal Service's famous motto — "Neither snow nor rain nor heat nor gloom of night stays these couriers” — is being tested like never before, by challenges that go well beyond the weather. The coronavirus has devastated its finances. The Trump administration...