Latest Financial crisis News

A woman scratches a $30 instant ticket while playing the lottery at Ted's Stateline Mobil on Wednesday, June 24, 2020 in Methuen, Mass. The coronavirus pandemic has been a rollercoaster for state lotteries across the country, with some getting a boost from the economic downturn and others scrambling to make up for revenue shortfalls. (AP Photo/Charles Krupa)

Virus causes uncertainty for state lotteries

Jul. 9, 2020 9:39 AM EDT

Boston (AP) — The coronavirus pandemic has been a rollercoaster for state lotteries across the country, with some getting a boost from the economic downturn and others scrambling to make up for revenue shortfalls. Since March, Texas, Arkansas and Montana and several other states have seen an increase in...

A group of local defense force fighters drive their motorbikes during an event to inaugurate a new chapter of the group in Ouagadougou, Burkina Faso, Saturday, March 14, 2020. In an effort to combat rising jihadist violence, Burkina Faso’s military has recruited volunteers to help it fight militants. (AP Photo/Sam Mednick)

Burkina Faso's volunteer fighters are no match for jihadists

Jul. 9, 2020 3:02 AM EDT

KONGOUSSI, Burkina Faso (AP) — Armed only with a knife, Issa Tamboure was no match for gun-wielding jihadists who attacked his village in northern Burkina Faso in March. So Tamboure, 63, rounded up his family — including his 13 children — and ran, eventually reaching a camp for people...

Singapore Prime Minister and Secretary-General of the People's Action Party Lee Hsien Loong, second left, wears a face mask while talking to food vendors at a local market at Yio Chu Kang while on the campaign trail in Singapore July 3, 2020. Singaporeans go to the polls on July 10 in Southeast Asia's first election since the coronavirus pandemic began, with the health crisis and an economic recession expected to bolster Prime Minister Lee's party and extend its unbroken rule. (AP Photo/Ee Ming Toh)

Singapore governing party set to extend power in elections

Jul. 8, 2020 8:57 PM EDT

SINGAPORE (AP) — Singaporeans vote Friday in Southeast Asia’s first election since the coronavirus pandemic began, with the health crisis and a grim economy expected to bolster Prime Minister Lee Hsien Loong’s party and extend its unbroken rule. While victory seems secure for Lee’s...

Evers: Capitol will stay closed, state workers to wear masks

Jul. 8, 2020 5:01 PM EDT

MADISON, Wis. (AP) — The Wisconsin Capitol building will not reopen next week, as had been planned, and state employees will have to wear masks whenever they're working indoors to help slow the spread of the coronavirus, Gov. Tony Evers' administration announced Wednesday. The Capitol building has been...

Wyoming regulators approve coal mine construction, permit

Jul. 8, 2020 4:52 PM EDT

CASPER, Wyo. (AP) — Environmental regulators have approved a construction of a coal mine in northern Wyoming, the state's first new coal mine in almost half a century. The Department of Environmental Quality announced Tuesday that it will issue a permit to Brook Mining Company LLC that will allow the firm...

Hezbollah supporters scuffle with Lebanese army soldiers while protesting the visit by Gen. Frank McKenzie, the head of U.S. Central Command, outside ​​the Rafik Hariri International Airport in Beirut, Lebanon, Wednesday, July 8, 2020. (AP Photo/Bilal Hussein)

Lebanese man who financed Hezbollah in US returns home

Jul. 8, 2020 2:11 PM EDT

BEIRUT (AP) — A Lebanese businessman serving a five-year sentence in the United States for providing millions of dollars to the militant Hezbollah group arrived Wednesday in Beirut after his early release, local media reported. Kassim Tajideen was sentenced last year in a federal court in Washington for...

British Chancellor of the Exchequer Rishi Sunak leaves number 11 Downing Street, to deliver a financial announcement to the Houses of Parliament in London, Wednesday, July 8, 2020. British Treasury chief Rishi Sunak on Wednesday is set to announce a 2-billion-pound ($2.5 billion) program to create jobs for young people as the government tries to revive an economy battered by the COVID-19 pandemic. (AP Photo/Matt Dunham)

UK gets creative: Job bonus and eating out schemes announced

Jul. 8, 2020 1:46 PM EDT

LONDON (AP) — The British government unveiled a raft of measures Wednesday it hopes will limit an anticipated spike in unemployment as a result of the coronavirus pandemic. Most noteworthy were a new bonus plan aimed at getting firms to retain workers that have been idle for months, as well as tax cuts for...

FILE - In this April 28, 2020 file photo, a cell phone shop owner wears gloves as he counts U.S. dollars, in Beirut, Lebanon. A financial meltdown has thrown its people into a frantic search for dollars as the local currency's value evaporates. Long, raucous lines mass outside exchange bureaus to buy rationed dollars. Many try to rescue their dollars trapped in bank accounts frozen by the government. Purchases of real estate have shot up as Lebanese search for places to save their wealth from spiraling exchange rates. (AP Photo/Hussein Malla, File)

Hottest commodity in Lebanon's economic chaos: The US dollar

Jul. 8, 2020 8:51 AM EDT

BEIRUT (AP) — The lines snaked around the block. Then they swelled to fill the whole street, before they turned into a raucous mob of men shoving to the front of the line. There at the exchange bureau, they could buy rationed dollars, the hottest commodity in Lebanon. The small Mediterranean...

Southern Nevada home prices and sales rebound despite virus

Jul. 7, 2020 4:25 PM EDT

LAS VEGAS (AP) — Southern Nevada home prices hit a record mark in June and sales increased dramatically from the previous month even as the coronavirus pandemic continues, a trade organization report said. The report by the Las Vegas Realtors trade association indicated that fewer homes sold compared to...

FILE - In this early Friday, May 29, 2020 file photo, a protester carries a U.S. flag upside, a sign of distress, next to a burning building in Minneapolis. Protests over the death of George Floyd, a black man who died in police custody Monday, broke out in Minneapolis and across the country. The U.S. has been dramatically disrupted in a matter of months, brought low by a global pandemic, Depression-era economic dislocation, and then, nationwide unrest over racial injustice. (AP Photo/Julio Cortez)

AMERICA DISRUPTED: Troubles cleave a nation, and a city

Jul. 7, 2020 3:13 PM EDT

SAGINAW, Mich. (AP) — It was difficult to celebrate America in Saginaw this year. The deadly coronavirus had torn through the county. Unemployment had surged five-fold. Weeks of protest over racial inequality left many debating what should be hallowed and what must be changed. But Tom Roy had given it his...