Latest Economy News
The Latest: South Africa has backlog of nearly 100,000 tests
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — New Zealand near eradication, but virus has grim global...
Asia Today: Indonesians return to mosques, at a distance
JAKARTA, Indonesia (AP) — Muslims in some parts of Indonesia attended Friday prayers as mosques closed by the coronavirus for weeks were allowed to start reopening in the world’s most populous Muslim nation. The guidelines for worship facilities released by religious affairs minister Fachrul Razi on...
New Zealand near eradication, but virus has grim global hold
WELLINGTON, New Zealand (AP) — New Zealand on Friday had all but eradicated the coronavirus from its shores with just one person in the nation of 5 million known to be still infected, but developments elsewhere were generally grim, with India reporting another record increase in cases and Pakistan a record...
Asia shares fall as US-China tensions douse rally on Wall St
BANGKOK (AP) — Shares fell Friday in Asia as investors awaited a news conference about China by President Donald Trump later in the day. Benchmarks declined in Hong Kong, Tokyo and Sydney but rose in Shanghai. U.S. and Chinese officials have been trading harsh rhetoric recently on everything from Hong...
The Latest: UN urges $2.4 billion in aid for war-torn Yemen
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — UN urgently appeals for $2.4 billion to help Yemen cope...
Virus taking hold in rural, old plantation region of Alabama
HAYNEVILLE, Ala. (AP) — Sparsely populated Lowndes County, deep in Alabama's old plantation country, has the sad distinction of having both the state’s highest rate of COVID-19 cases and its worst unemployment rate. Initially spared as the disease ravaged cities, the county and other rural areas in...
Hawaii governor to extend traveler quarantine past June
HONOLULU (AP) — Hawaii Gov. David Ige on Thursday said he would extend the state's 14-day quarantine requirement for travelers arriving in the state beyond June 30. The state mandated the quarantine beginning on March 26 to control the spread of the coronavirus. The governor told a joint online press...
White House punts economic update as election draws near
WASHINGTON (AP) — The White House has taken the unusual step of deciding not to release an updated economic forecast as planned this year, a fresh sign of the administration's anxiety about how the coronavirus has ravaged the nation just months before the election. The decision, which was confirmed...
Debate over $600 in jobless aid to intensify as claims rise
WASHINGTON (AP) — A debate in Congress over whether to extend $600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million — one in five workers. The money, included in a government relief package enacted in...
Asia shares fall as US-China tensions douse rally on Wall St
BANGKOK (AP) — Shares fell Friday in Asia after Wall Street’s rally petered out amid worries about flaring U.S.-China tensions. Benchmarks declined in Hong Kong, Tokyo and Sydney but rose in Shanghai. Investors are nervously awaiting a news conference about China by President Donald Trump later in...
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