Financial crisis

FILE - In this May 25, 2020, file photo, Brazil's President Jair Bolsonaro, wearing a face mask amid the coronavirus pandemic, stands among supporters as he leaves his official residence of Alvorada palace in Brasilia, Brazil. Bolsonaro said Tuesday, July 7, he tested positive for COVID-19 after months of downplaying the virus's severity while deaths mounted rapidly inside the country. (AP Photo/Eraldo Peres, File)
July 10, 2020 - 5:24 pm
HAVANA (AP) — The COVID-19 pandemic is sweeping through the leadership of Latin America, with two more presidents and powerful officials testing positive this week for the new coronavirus, adding a destabilizing new element to the region’s public health and economic crises. In Brazil, President...
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People's Action Party Secretary-General and Singaporean Prime Minister Lee Hsien Loong, right, verifies his identity with a polling official at the Alexandra Primary School polling center in Singapore, Friday, July 10, 2020. Wearing masks and plastic gloves, Singaporeans began voting in a general election that is expected to return Prime Minister Lee's long-governing party to power. (AP Photo)
July 10, 2020 - 11:08 am
SINGAPORE (AP) — Wearing masks to protect against the coronavirus, Singaporeans voted Friday in a general election that is expected to return Prime Minister Lee Hsien Loong’s long-governing party to power. Polling was extended by two hours until 10 p.m. (1400 GMT) after strict safety measures in...
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Arizona Republican Gov. Doug Ducey speaks about the latest coronavirus update in Arizona at a news conference Thursday, July 9, 2020, in Phoenix. (AP Photo/Ross D. Franklin, Pool)
July 09, 2020 - 9:46 pm
PHOENIX — Arizona Gov. Doug Ducey is ordering restaurants to work at half of their capacity, but he has declined to shut them down entirely as authorities seek to control a strong coronavirus outbreak that has doubled the daily case count in two weeks. The governor also said Thursday the state will...
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President Donald Trump holds an executive order on the "White House Hispanic Prosperity Initiative," after signing it in the Rose Garden of the White House, Thursday, July 9, 2020, in Washington. (AP Photo/Evan Vucci)
July 09, 2020 - 4:51 pm
WASHINGTON (AP) — President Donald Trump signed an executive order Thursday that creates an advisory commission tasked with improving Hispanic Americans' access to economic and educational opportunities, a push that comes as the president hopes to win a bigger share of the Latino vote than he did...
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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)
July 09, 2020 - 9:39 am
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...
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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)
July 08, 2020 - 8:56 pm
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 People Action...
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FILE - In this Wednesday, March 11, 2020 file photo, Britain's Chancellor of the Exchequer Rishi Sunak stands outside No 11 Downing Street and holds up the traditional red box that contains the budget speech for the media, he will then leave to make budget speech to House of Commons, in London. 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/Kirsty Wigglesworth, File)
July 08, 2020 - 3:54 am
LONDON (AP) — 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. Announcement of the funding, which will create government-...
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FILE - In this June 30, 2020 file photo, Treasury Secretary Steven Mnuchin testifies during a House Financial Services Committee hearing on the coronavirus response on Capitol Hill in Washington. The Treasury Department said it is releasing on Monday, July 6 the names of more than 700,000 companies that received funds from the government’s small business lending program, a massive effort intended to support the economy as states shut down in April to contain the viral outbreak (Tasos Katopodis/Pool via AP, File)
July 06, 2020 - 3:34 pm
WASHINGTON (AP) — The government on Monday identified roughly 650,000 mostly small businesses and nonprofits that received taxpayer money from a program that likely helped prevent the job market meltdown from growing worse but that also benefited some politically connected firms. Recipients covered...
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Musicians from the Lebanese Philharmonic Orchestra perform during a concert in the ancient northeastern city of Baalbek, Lebanon, Sunday, July 5, 2020. Dubbed "an act of cultural resilience," the concert aims to send a message of unity and hope to the world amid the coronavirus pandemic and an unprecedented economic and financial crisis in Lebanon. For the first time since the Baalbek International Festival was launched in 1956, this year's concert is being held without an audience, in line with strict COVID-19 guidelines. Instead, it is being broadcast live on local and regional TV stations and live-streamed on social media platforms. (AP Photo/Bilal Hussein)
July 05, 2020 - 10:32 pm
BAALBEK, Lebanon (AP) — Lebanon on Sunday hosted its annual music festival in the ancient northeastern city of Baalbek without an audience for the first time, a move organizers dubbed “an act of cultural resilience” to the coronavirus pandemic as well as the country's unprecedented economic...
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Friends of Santa Cruz State Parks volunteer Alejandro Ortiz closes the gate after allowing an overnight camper access to the parking lot at Francis Beach at Half Moon Bay State Park in Half Moon Bay, Calif., Friday, July 3, 2020. California Gov. Gavin Newsom ordered the parking lots of state beaches to close for the Fourth of July weekend to help prevent the spread of the coronavirus. Half Moon Bay added to the closure by restricting visitors access to the beach. (Jose Carlos Fajardo/Bay Area News Group via AP)
July 03, 2020 - 11:29 pm
LOS ANGELES — California Gov. Gavin Newsom is warning local elected officials that they risk losing state funding if they don’t enforce health orders as the coronavirus pandemic worsens. Newsom has rolled back or limited some businesses reopening in Los Angeles and 20 other counties, now including...
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