Latest Economy News

FILE- In this May 14, 2018 file photo, candidate Jahana Hayes addresses delegates during the Democratic convention for the 5th District in Waterbury, Conn. On Saturday, Sept. 19, 2020, Rep. Jahana Hayes , D-Conn., said that she and all of her staff will be quarantining after one of her aides tested positive for the coronavirus. (Jim Shannon/Republican-American via AP, File)

The Latest: Lebanon suffers another record in COVID-19 cases

Sep. 20, 2020 1:56 PM EDT

BEIRUT — Lebanon registered a record 1,006 cases of COVID-19 over the past 24 hours, the government announced Sunday, amid a sharp increase in infections and deaths due to the new coronavirus. Health Minister Hamad Hassan recommended a total lockdown for two weeks to stem the alarming rise in daily...

FILE - In this Aug. 21, 2019 file photo, a man counts his banknotes and traveler checks in Tehran, Iran. On Sunday, Sept 20, 2020, Iran dismissed U.S. efforts to restore all U.N. sanctions on the country as mounting economic pressure from Washington pushed the local currency down to its lowest level ever. (AP Photo/Ebrahim Noroozi, File)

Iran dismisses US efforts for UN sanctions as currency drops

Sep. 20, 2020 12:59 PM EDT

TEHRAN, Iran (AP) — Iran's president dismissed U.S. efforts to restore all U.N. sanctions on the country as mounting economic pressure from Washington pushed the local currency down to its lowest level ever on Sunday. Iran’s currency dropped to 272,500 to the U.S. dollar at money exchange shops...

The crescent moon sets behind the Commerzbank building in Frankfurt, Germany, late Saturday, Sept. 19, 2020. (AP Photo/Michael Probst)

Public sector strikes to hit Germany next week over wages

Sep. 20, 2020 9:44 AM EDT

BERLIN (AP) — Public sector workers in Germany will start staging short-term warning strikes after the latest round of wage negotiations failed to produce an agreement, their union said Sunday. The Ver.di union, which represents around 2.3 million federal and local employees, said strikes will start...

FILE-In this June 13, 2018 file photo, an Indian woman separates grain from the husk in a paddy field in Mayong village on the outskirts of Gauhati, India,. Amid an uproar in Parliament, Indian lawmakers on Sunday approved a pair of controversial agriculture bills that the government says will boost growth in the farming sector through private investments. (AP Photo/Anupam Nath, File)

Indian lawmakers pass farm bills amid uproar in Parliament

Sep. 20, 2020 8:29 AM EDT

NEW DELHI (AP) — Amid an uproar in Parliament, Indian lawmakers on Sunday approved a pair of controversial agriculture bills that the government says will boost growth in the farming sector through private investments. The two bills were approved even though most opposition parties and some allies of Prime...

South Korean K-pop group BTS members salute to their national flag during a ceremony marking the National Youth Day at the presidential Blue House in Seoul, South Korea, Saturday, Sept. 19, 2020. (Lee Jin-wook/Yonhap via AP)

The Latest: South Korea's daily virus total drops slightly

Sep. 19, 2020 10:30 PM EDT

South Korea __ South Korea’s new coronavirus tally has fallen below 100 for the first time in more than a month, as the country’s recent viral resurgence is gradually easing. The Korea Disease Control and Prevention Agency said Sunday that the newly counted 82 cases took the country’s total...

FILE - In this July 21, 2020 file photo, a man opens social media app 'TikTok' on his cell phone, in Islamabad, Pakistan. President Donald Trump said Saturday, Sept. 19, 2020 he’s given his “blessing” to a proposed deal between Oracle and Walmart for the U.S. operations of TikTok, the Chinese-owned app he’s targeted for national security and data privacy concerns. (AP Photo/Anjum Naveed, File)

Trump backs proposed deal to keep TikTok operating in US

Sep. 19, 2020 9:15 PM EDT

NEW YORK (AP) — President Donald Trump said Saturday he's given his “blessing” to a proposed deal that would see the popular video-sharing app TikTok partner with Oracle and Walmart and form a U.S. company. Trump has targeted Chinese-owned TikTok for national security and data privacy...

A vendor wearing a face mask as a precaution against the coronavirus waits for customers at a market in Jammu, India, Saturday, Sept. 19, 2020. India's coronavirus cases are now the second-highest in the world and only behind the United States. (AP Photo/Channi Anand)

Asia Today: India's cases keep rising; rallies in Melbourne

Sep. 19, 2020 7:35 AM EDT

NEW DELHI (AP) — India has maintained its surge in coronavirus cases, adding 93,337 new confirmed infections in the past 24 hours. The Health Ministry on Saturday raised the nation’s caseload to more than 5.3 million out of the nearly 1.4 billion people. It said 1,247 more people died in the past 24...

House Speaker Nancy Pelosi of Calif., center, with House Democrats including House Majority Whip James Clyburn, of S.C., left, and Chairman of the House Energy and Commerce Committee Rep. Frank Pallone, D-N.J., speaks during a news conference about COVID-19, Thursday, Sept. 17, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

Stopgap bill to prevent shutdown held up over farm funding

Sep. 19, 2020 1:29 AM EDT

WASHINGTON (AP) — Efforts to fashion a temporary spending bill needed to avert a government shutdown at the end of the month ran aground Friday amid a fight over farm bailout funding that's a key priority of President Donald Trump and Capitol Hill Republicans. A House Appropriations Committee spokesman...

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...

House Speaker Nancy Pelosi of Calif., center, with House Democrats including House Majority Whip James Clyburn, of S.C., left, and Chairman of the House Energy and Commerce Committee Rep. Frank Pallone, D-N.J., speaks during a news conference about COVID-19, Thursday, Sept. 17, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

Stopgap bill to prevent shutdown held up over farm funding

Sep. 18, 2020 7:58 PM EDT

WASHINGTON (AP) — Efforts to fashion a temporary spending bill needed to avert a government shutdown at the end of the month ran aground Friday amid a fight over farm bailout funding that's a key priority of President Donald Trump and Capitol Hill Republicans. A House Appropriations Committee spokesman...