Latest Banks News

Bob Chestnut stands outside of his Ride the Wind Surf Shop on North Carolina's Ocracoke Island on June 25, 2020. The secluded travel destination was ravaged by Hurricane Dorian in September and then hit with coronavirus-related travel restrictions in the spring. Residents and business owners are hoping to recoup some of their losses as tourists return, albeit in smaller than usual numbers. But they're wary of a possibly busy hurricane season ahead. (AP Photo/Ben Finley)

Outer Banks island ravaged by storms and virus restrictions

Jul. 13, 2020 10:01 AM EDT

OCRACOKE, N.C. (AP) — When Hurricane Dorian pounded the wisp of earth that is Ocracoke Island, a wall of Atlantic seawater flooded Bob Chestnut’s home, surf shop and four vehicles. Seven months later, his shop was ready for business. But the coronavirus pandemic kept the doors locked. Now, as the...

Lebanese soldiers stand guard as a woman leaves the Rafik Hariri International Airport in Beirut, Lebanon, Wednesday, July 1, 2020. Beirut's airport is partially reopening after a three-month shutdown and Lebanon's cash-strapped government is hoping that thousands of Lebanese expatriates will return for the summer, injecting dollars into the country's sinking economy. (AP Photo/Bilal Hussein)

Lebanon’s plea to skeptical expats: Come visit, bring cash

Jul. 1, 2020 7:45 AM EDT

BEIRUT (AP) — With Beirut’s airport partially reopening from a three-month virus shutdown, the government is hoping thousands of Lebanese expatriates will return for the summer — and bring dollars desperately needed to prop up the crashing economy. But Lebanon’s far-flung diaspora,...

FILE - In this Feb. 15, 2020, file photo, former President Barack Obama talks during a panel with NBA players Chris Paul, Kevin Love and Giannis Antetokounmpo and sports analyst Michael Wilbon in Chicago. Obama tipped his cap. So did three other former presidents and a host of prominent civil rights leaders, entertainers and sports legends in a virtual salute to the 100-year anniversary of the founding of baseball’s Negro Leagues. The campaign launched Monday, June 29, 2020, with photos and videos from, among others, Hank Aaron, Rachel Robinson Derek Jeter, Colin Powell, Michael Jordan, Obama and presidents George W. Bush, Bill Clinton and Jimmy Carter at tippingyourcap.com. (AP Photo/Nam Y. Huh, File)

A long-overdue 'Tip of the Cap' to baseball's Black pioneers

Jun. 29, 2020 9:42 AM EDT

Barack Obama tipped his cap. So did three other former U.S. presidents and a host of prominent civil rights leaders, entertainers and sports greats in a virtual salute to the 100-year anniversary of the founding of baseball’s Negro Leagues. The campaign launched Monday with photos and videos from, among...

In this Monday, June 1, 2020 photo, local customers sit in a terrace bar in downtown Barcelona. Spain is waiting until July to reopen its border for foreign tourists. In the meantime, authorities are encouraging Spaniards to vacation inside at home. (AP Photo/Emilio Morenatti)

Retailers look to boost sales, German car sales weak

Jun. 4, 2020 6:34 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the national and global response, the work place and the spread of the virus. ________________________ DOUBLE-DIGIT DROPS: — The Buckle's sales declined 16.8% in...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, May 20, 2020.  Asian shares were mixed Wednesday as market players waffled between hopes for recovery as economies gradually reopen and worries over the havoc wreaked by the pandemic. (AP Photo/Ahn Young-joon)

Asian shares mixed as virus worries counter recovery hopes

May. 19, 2020 11:50 PM EDT

TOKYO (AP) — Asian shares were mixed Wednesday as market players waffled between hopes for recovery as economies gradually reopen and worries over the havoc wreaked by the pandemic. Japan's benchmark Nikkei 225 rose nearly 0.9% in morning trading to 20,606.92 on expectations that a state of emergency...

In this satellite image made available by NOAA shows Tropical Storm Arthur off the coast of North Carolina, Monday, May 18, 2020. The storm dropped several inches of rain on parts of eastern North Carolina and flooded roads before moving out to sea away from the state. (NOAA via AP)

Tropical Storm Arthur spins out to sea, will drench Bermuda

May. 19, 2020 7:17 AM EDT

Tropical Storm Arthur moved further out to sea Tuesday and was expected to dissipate into a depression before dumping heavy rain on Bermuda later in the week. The first named storm of the Atlantic hurricane season sent rain over North Carolina Monday and forecasters warned to expect dangerous surf and rip...

FILE - In this Aug. 10, 2006 file photo, Turkish Prime Minister Recep Tayyip Erdogan, left, and King Abdullah of Saudi Arabia, right, applaud after Islamic Chamber of Commerce and Industry President Sheikh Saleh Abdullah Kamel, center, made a speech during a meeting at the Ottoman era Ciragan Palace in Istanbul, Turkey. Billionaire Saudi businessman Saleh Abdullah Kamel, who founded the banking and real estate conglomerate Dallah Albaraka Group, has died at the age of 79. His business empire grew in the late 1960′s, at the same time that the kingdom was using its oil wealth to rapidly develop and in need of homegrown companies to build roads, highways and cities. (AP Photo/Murad Sezer, File)

Billionaire Saudi banking tycoon dead at 79, family says

May. 19, 2020 7:03 AM EDT

RIYADH, Saudi Arabia (AP) — Billionaire Saudi businessman Saleh Abdullah Kamel, who founded the banking and real estate conglomerate Dallah Albaraka Group, has died, according to relatives quoted in the kingdom’s media. He was 79. People close to Kamel told The Associated Press he died at the Dr....

Customers drink coffee at the Versailles restaurant and pastry shop in Lisbon, Monday, May 18, 2020. Some cafes and restaurants are reopening in Portugal on Monday. The government is gradually easing measures introduced to stem the spread of the new coronavirus. (AP Photo/Armando Franca)

Business, government operate under new rules, market rallies

May. 18, 2020 6:17 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to national and global response, the work place and the spread of the virus. ________________________ DAY AFTER: States are trying to figure out the safest way to restart...

In this satellite image made available by NOAA shows Tropical Storm Arthur off the coast of North Carolina, Monday, May 18, 2020. The storm dropped several inches of rain on parts of eastern North Carolina and flooded roads before moving out to sea away from the state. (NOAA via AP)

Tropical Storm Arthur hits North Carolina coast with rain

May. 18, 2020 5:18 PM EDT

Tropical Storm Arthur moved out to sea Monday after dumping heavy rain on North Carolina as forecasters warned that the first named storm of the Atlantic hurricane season could continue to whip dangerous surf and rip currents for another day or more along the U.S. East Coast. The storm represented another early...

Tropical Storm Arthur crawls closer to North Carolina coast

May. 18, 2020 2:39 AM EDT

MIAMI (AP) — Tropical Storm Arthur crawled closer to the North Carolina coast early Monday, amid threats of some minor flooding and rough seas as the system moves off the Southeast seaboard. Arthur formed Saturday in waters off Florida, marking the sixth straight year that a named storm has developed...