Latest Financial crisis News

U.S. Undersecretary of State for Political Affairs David Hale, right, listens to an NGO volunteer during his visit to a main gathering point for volunteers, near the site of last week's explosion that hit the seaport of Beirut, Lebanon, Thursday, Aug. 13, 2020. (AP Photo/Hussein Malla, Pool)

US official says FBI joining Beirut explosion investigation

Aug. 13, 2020 12:23 PM EDT

BEIRUT (AP) — The FBI will join Lebanese and other international investigators in the probe of the massive explosion at Beirut's port that killed more than 170 people, injured thousands and caused widespread destruction, a U.S. diplomat said Thursday. Lebanese authorities had invited the FBI to take part,...

In this Wednesday, May 27, 2020 photo, Thailand Prime Minister Prayuth Chan-ocha wears a face mask to help curb the spread of the coronavirus as he attends an open session at the parliament house in Bangkok, Thailand. Thailand's prime minister has warned his fellow citizens that their nation has handled the health challenges of the coronavirus well, but must pull together to overcome the tremendous damage done to the economy by the pandemic. (AP Photo/Sakchai Lalit)

Thai leader says unity necessary to revive virus-hit economy

Aug. 13, 2020 10:16 AM EDT

BANGKOK (AP) — Thailand’s prime minister, facing growing demands from students for change, warned Thursday that the nation must pull together to overcome the economic damage caused by the coronavirus pandemic. In a speech marking the appointment of a new team of financial specialists to his Cabinet,...

FILE - In this Oct. 24, 2019, file photo students walks in front of Fraser Hall on the University of Kansas campus in Lawrence, Kan. Student loan borrowers with federal debt won’t see a bill until January 2021. That means three extra months of paused payments tacked onto the original six months made possible by the coronavirus relief package. (AP Photo/Orlin Wagner, File)

What No Student Loan Payments Until 2021 Means for You

Aug. 13, 2020 7:46 AM EDT

You don’t have to make another federal student loan payment in 2020. Now is the time, though, to decide what to do before your bill arrives in January 2021. Federal student loan borrowers were already in an automatic interest-free pause on payments as part of the original coronavirus relief bill, known as...

FILE - In this Jan. 7, 2020 file photo, Syrian President Bashar Assad listens to Russian President Vladimir Putin during their meeting in Damascus, Syria. Assad interrupted a speech he was giving to Parliament after he suffered a brief drop in blood pressure, the Syrian presidency said Wednesday, Aug. 12, 2020. The presidency said the apparently pre-recorded speech was halted for “several minutes” because of a “mild” case of low blood pressure he suffered, after which he continued the speech as normal. (Alexei Nikolsky, Sputnik, Kremlin Pool Photo via AP, File)

Syria: President Assad suffers brief drop in blood pressure

Aug. 12, 2020 3:32 PM EDT

DAMASCUS, Syria (AP) — Syrian President Bashar Assad interrupted a speech he was giving to parliament Wednesday, telling a room full of lawmakers that he needed to “sit down for a minute” after suffering a brief drop in blood pressure. Assad, 54, was half an hour through his speech when he...

Ricky Hurtado, a Democratic candidate for the North Carolina state house, walks past a child's toy car as he canvasses in a largely Latino trailer community, in Burlington, N.C., Sunday, March 8, 2020. (AP Photo/Jacquelyn Martin)

He set out to mobilize Latino voters. Then the virus hit.

Aug. 12, 2020 12:48 PM EDT

GRAHAM, N.C (AP) — Like many Americans, Ricky Hurtado had different plans for his summer. He formally announced his first bid for public office in March and expected to spend sweltering days knocking on doors, clenching glossy campaign literature and making his case directly to voters. This was the summer...

FILE - In this Nov. 25, 2019 file photo Federal Reserve Bank of Boston President Eric Rosengren, left, speaks during a round table discussion at Silver Lane Elementary School, in East Hartford, Conn.  Rosengren said in remarks delivered online Wednesday, Aug. 12, 2020,  that states in the South and West that allowed their businesses to reopen after short shutdowns saw an initial burst of economic activity. But spikes in infection rates soon followed and those states’ economies are now lagging those in the Northeast as consumers have become more cautious.  (AP Photo/Steven Senne, file)

Boston Fed chief: States' rush to reopen slowed US recovery

Aug. 12, 2020 12:31 PM EDT

WASHINGTON (AP) — A top official at the Federal Reserve criticized the decision by many states to reopen businesses this spring before getting the virus fully under control, and said those choices have hindered an economic recovery in the U.S. Eric Rosengren, president of the Federal Reserve Bank of...

FILE - In this Oct. 2, 2019, file photo, a Microsoft Surface Duo is displayed in New York. Microsoft is back to selling smartphones for the first time since it abandoned its mobile business more than four years ago.
The company began taking orders Wednesday, Aug. 12, 2020, for the Surface Duo, a new dual-screen Android device that costs $1,399 and begins shipping in September. (AP Photo/Mark Lennihan, File)

Microsoft back in the smartphone business with its new Duo

Aug. 12, 2020 9:39 AM EDT

Microsoft is back to selling smartphones for the first time since it abandoned its mobile business more than four years ago. The company began taking orders Wednesday for the Surface Duo, a new dual-screen Android device that costs $1,399 and begins shipping in September. The high-priced gadget is designed to...

FILE - In this July 18, 2020 file photo, released by the official website of the office of the Iranian Presidency, President Hassan Rouhani adjusts his face mask in a meeting of the national headquarters of the fight against the COVID-19, in Tehran, Iran. Iranian hard-liners in parliament voted Wednesday, Aug. 12, 2020, against Rouhani’s nominee for trade minister. The vote marked the first serious confrontation between the newly elected house, dominated by conservatives and the bloc of supporters of the relatively moderate Rouhani. Writing in Farsi reads:

Iran's president, FM lash out at new US push on arms embargo

Aug. 12, 2020 7:47 AM EDT

TEHRAN, Iran (AP) — Iran's president and foreign minister lashed out on Wednesday at a revised proposal by the U.S. that would extend a U.N. arms embargo on Iran indefinitely, the latest in the Trump administration's maximum pressure policy against Iran. The U.S. on Tuesday circulated the revised draft at...

FILE - In this June 27, 2019, file photo, then-Democratic presidential candidate Sen. Kamala Harris, D-Calif., listens to questions after the Democratic primary debate hosted by NBC News at the Adrienne Arsht Center for the Performing Art in Miami. (AP Photo/Brynn Anderson, File)

Biden picks Kamala Harris as running mate, first Black woman

Aug. 11, 2020 10:36 PM EDT

WILMINGTON, Del. (AP) — Joe Biden named California Sen. Kamala Harris as his running mate on Tuesday, making history by selecting the first Black woman to compete on a major party’s presidential ticket and acknowledging the vital role Black voters will play in his bid to defeat President Donald...

FILE - In this Saturday, Aug. 8, 2020 file photo, demonstrators wear mask depicting Israel's Prime Minister Benjamin Netanyahu, left, and Defense Minister and coalition partner Benny Gantz, right, during a protest in Jerusalem, Israel. When  Netanyahu and his rival, Gantz, agreed to form an “emergency” government in May after three bitter, and ultimately deadlocked, election campaigns, the goal was to stabilize Israeli politics in the face of a global pandemic. Less than 100 days later their fractious coalition government appears to be headed toward collapse as Israel grapples with a raging coronavirus outbreak, an economic calamity and a wave of public protests. (AP Photo/Ariel Schalit, File)

Israeli PM's uneasy alliance seems headed toward collapse

Aug. 11, 2020 4:01 PM EDT

JERUSALEM (AP) — When Prime Minister Benjamin Netanyahu and his rival, Benny Gantz, agreed to form an “emergency” government in May after three bitter and deadlocked election campaigns, the goal was to stabilize Israeli politics in the face of a global pandemic. But less than 100 days later,...