Financial crisis

Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing about the government’s emergency aid to the economy in response to the coronavirus on Capitol Hill in Washington on Tuesday, Sept. 22, 2020. (Caroline Brehman/Pool via AP)
September 22, 2020 - 1:13 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism Tuesday that the U.S. economy is rebounding from the pandemic-induced recession with federal support but that more help from the government is likely needed. Powell told the...
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In this photo provided by the United Nations, Jair Bolsonaro, president of Brazil, speaks in a pre-recorded message played during the 75th session of the United Nations General Assembly, Tuesday, Sept. 22, 2020, at U.N. Headquarters in New York. The U.N.'s first virtual meeting of world leaders started Tuesday with pre-recorded speeches from some of the planet's biggest powers, kept at home by the coronavirus pandemic that will likely be a dominant theme at their video gathering this year. (Rick Bajornas/UN via AP)
September 22, 2020 - 12:25 pm
RIO DE JANEIRO (AP) — Brazilian President Jair Bolsonaro defended his administration’s record protecting the Amazon rainforest, telling the United Nations’ virtual meeting of global leaders on Tuesday that his country has been wrongly portrayed as an environmental villain. Bolsonaro's critics were...
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People gather at the Supreme Court to honor the late Justice Ruth Bader Ginsburg, Saturday, Sept. 19, 2020, in Washington. (AP Photo/Cliff Owen)
September 21, 2020 - 5:45 am
NEW YORK (AP) — Presidential politics move fast. What we’re watching heading into a new week on the 2020 campaign: Days to general election: 43 Days to first debate: 8 ___ THE NARRATIVE The October surprise of 2020 came early. The death of Ruth Bader Ginsburg injects another generational fight to...
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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)
September 18, 2020 - 10:55 pm
LIMA, Peru (AP) — Peruvian President Martín Vizcarra survived an impeachment vote Friday night after opposition lawmakers failed to garner 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 debate in...
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Lebanese Afaf Adulhamid the mother of Mohammed Khaldoun, 27, who is still missing at sea while he was trying with other migrants to reach Cyprus on a boat, cries and prays her son's safe return, as she stands on the coast of Tripoli city, north Lebanon Thursday, Sept. 17, 2020. Mohammed is one of scores of people who have tried in recent weeks to flee Lebanon that is passing through its worst economic and financial crisis in decades to European Union member Cyprus. (AP Photo/Hussein Malla)
September 18, 2020 - 3:17 pm
TRIPOLI, Lebanon (AP) — Mohammed Sufian did not dream of much: a job, food on the table, the chance to buy his 2½-year-old son the little things a toddler wants. So when he heard that smugglers were taking people from his hometown of Tripoli to the nearby Mediterranean island of Cyprus, he decided...
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A man sits inside of the Bankia bank in Madrid, Spain, Friday, Sept. 18, 2020. Two of Spain's biggest banks have announced their merger, pushed together by a need to weather tough economic times that likely will cost thousands of jobs. The tie-up between CaixaBank and Bankia will create the largest lender in the country, with assets of more than 664 billion euros ($787 billion). (AP Photo/Manu Fernandez)
September 18, 2020 - 8:01 am
LISBON, Portugal (AP) — Two of Spain’s biggest banks said Friday they were merging, pushed together by a need to weather tough economic times that likely will cost thousands of jobs. The tie-up between CaixaBank and Bankia will create the largest lender in the country, with assets of more than 664...
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Bridgestone employees fire flares outside the tire factory of Bethune, northern France, Thursday, Sept.17, 2020. Workers protest over the Japan-based company's decision to close the plant and lay off all its nearly 900 workers. Bridgestone argues the factory is no longer competitive globally, but unions and French politicians accused the company of using the virus-driven economic crisis as a pretext for the closure and not investing in modernizing the plant instead. (AP Photo/Michel Spingler)
September 17, 2020 - 6:41 am
PARIS (AP) — Workers protested Thursday at a Bridgestone tire factory in northern France over the company’s decision to close the plant and lay off its nearly 900 workers, accusing management of using the virus-driven economic crisis as a pretext to ruin livelihoods. Japan-based Bridgestone argues...
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FILE, In this Friday July 17, 2020 file photo, a child looks at a man sleeping outside a CaixaBank brach office in Barcelona, Spain. Two of Spain's biggest banks are poised to merge and create the country's largest bank in terms of domestic operations, with assets of more than 600 billion euros (dollars 708 billion). The deal brings the prospect of more job losses amid difficult times for the financial sector. A tie-up between CaixaBank, the largest bank in the domestic market, and Bankia, Spain's biggest mortgage lender, could herald other moves toward consolidation in the financial sector. (AP Photo/Emilio Morenatti)
September 17, 2020 - 6:29 am
LISBON, Portugal (AP) — Two of Spain’s biggest banks are poised to merge and create the largest lender in the country, with assets of more than 600 billion euros ($708 billion), bringing the prospect of more job losses amid difficult times for the financial sector. The boards of CaixaBank and...
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The Commissioner-General of the U.N. agency for Palestinian refugees Philippe Lazzarini, speaks during an interview with The Associated Press at the U.N. relief agency, UNRWA, headquarters in Beirut, Lebanon, Wednesday, Sept. 16, 2020. The financial crisis that the U.N. agency for Palestinian refugees is experiencing could lead to ceasing some of its activities in what would raise risks of instability in this volatile region, Lazzarini said Wednesday. (AP Photo/Bilal Hussein)
September 16, 2020 - 8:23 am
BEIRUT (AP) — The U.N. agency for Palestinian refugees is experiencing a financial crisis that could force it to halt some services to an already impoverished population of more than 5 million people, the head of the agency said Wednesday. Philippe Lazzarini also warned in an interview with The...
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People wearing face masks to prevent the spread of the coronavirus shop for vegetables in Kolkata, India, Tuesday, Sept. 15, 2020. India's coronavirus cases are now the second-highest in the world and only behind the United States. (AP Photo/Bikas Das)
September 15, 2020 - 10:36 am
NEW DELHI (AP) — India confirmed more than 83,000 new coronavirus cases on Tuesday, bringing its total caseload to nearly 5 million. The Health Ministry also reported 1,054 new deaths, driving total fatalities up to 80,776. With 4.93 million confirmed cases, India has the second-highest total in...
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