Financial crisis

A man wearing a mask sits next the coffin of his mother as he's transported by a cemetery worker in a full protection suit to her burial site at the Nossa Senhora das Gracas cemetery in Duque de Caxias, Rio de Janeiro, Brazil, Monday, April 27, 2020. The woman's body was previously being held in a refrigerator for confirmed and suspected victims of of COVID-19, according to the administration of the cemetery. (AP Photo/Silvia Izquierdo)
April 28, 2020 - 4:07 pm
RIO DE JANEIRO (AP) — As Brazil careens toward a full-blown public health emergency and economic meltdown, President Jair Bolsonaro has managed to add a third ingredient to the toxic mix: political crisis. Even if it doesn’t speed his downfall, it will render Brazilians more vulnerable to the...
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Olive oil is put on a pizza ready to be home delivered, at the Caputo pizzeria in Naples, Italy, Monday, April 27, 2020. Region Campania allowed cafes and pizzerias to reopen for delivery Monday, after a long precautionary closure due to the coronavirus outbreak. (AP Photo/Andrew Medichini)
April 28, 2020 - 9:36 am
NAPLES, Italy (AP) — Wood is burning again in Naples’ pizza ovens, giving a symbolic and savory boost to Neapolitans after a two-month coronavirus lockdown meant an end to their most iconic and favorite food. Pizzerias reopened Monday night in the birthplace of pizza, albeit under restrictions and...
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FILE - In this April 17, 2020, file photo President Donald Trump speaks about the coronavirus in the James Brady Press Briefing Room of the White House in Washington. After two months of frantic response to the coronavirus pandemic, the White House is planning to shift President Trump’s public focus to the burgeoning efforts aimed at easing the economic devastation. (AP Photo/Alex Brandon, File)
April 26, 2020 - 8:21 pm
WASHINGTON (AP) — After two months of frantic response to the coronavirus, the White House is planning to shift President Donald Trump’s public focus to the burgeoning efforts aimed at easing the economic devastation caused by the pandemic. Days after he publicly mused that scientists should...
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A man wearing a face mask to protect against the spread of the new coronavirus takes a photo of blossoms at a public park in Beijing, Saturday, April 25, 2020. China on Saturday reported no new deaths from the coronavirus for the 10th straight day. (AP Photo/Mark Schiefelbein)
April 25, 2020 - 9:43 pm
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: — Hawaii's stay-at-home order extended to May 31 —...
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A man wearing a mask to protect against the spread of the coronavirus walks by shuttered shop in Monastiraki, central Athens during lockdown measures to prevent the spread of COVID-19, Wednesday, April 22, 2020.(AP Photo/Petros Giannakouris)
April 24, 2020 - 4:58 am
ATHENS, Greece (AP) — Fitch ratings agency has lowered its outlook on Greece’s credit rating, from positive to stable, amid the financial impact the coronavirus measures are taking on the country’s economy. In its report issued late Thursday night, the ratings agency did not downgrade Greece's...
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In this image from video, House Speaker Nancy Pelosi of Calif., speaks on the floor of the House of Representatives at the U.S. Capitol in Washington, Thursday, April 23, 2020. (House Television via AP)
April 23, 2020 - 6:14 pm
WASHINGTON (AP) — Congress delivered a nearly $500 billion infusion of coronavirus spending Thursday, rushing new relief to employers and hospitals buckling under the strain of a pandemic that has claimed almost 50,000 American lives and one in six U.S. jobs. The measure passed almost unanimously,...
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A masked worker at this state WIN job center in Pearl, Miss., holds an unemployment benefit application form as she waits for a client, Tuesday, April 21, 2020. The job centers lobbies are closed statewide to prevent the spread of COVID-19. However the continuing growth of unemployment demands and now additional assistance for self-employed, church employees, gig workers, and others who were previously ineligible for unemployment assistance has drawn some people to the centers for information and to obtain and submit unemployment benefit applications. (AP Photo/Rogelio V. Solis)
April 23, 2020 - 9:29 am
WASHINGTON (AP) — More than 4.4 million laid-off workers applied for U.S. unemployment benefits last week as job cuts escalated across an economy that remains all but shut down, the government said Thursday. Roughly 26 million people have now filed for jobless aid in the five weeks since the...
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Virgin Australia planes are lined up at departure gates at Sydney Airport in Sydney, Wednesday, April 22, 2020. Virgin Australia is seeking bankruptcy protection, entering voluntary administration after a debt crisis worsened by the coronavirus shutdown pushed it into insolvency. (AP Photo/Rick Rycroft)
April 23, 2020 - 12:09 am
CANBERRA. Australia (AP) — Virgin Australia has become the world’s largest airline to seek bankruptcy protection in the weeks since the coronavirus shutdown created a debt crisis. A look at Australia’s second-largest airline’s predicament and what it means for other airlines: WHY IT SOUGHT...
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Oil tank train cars sit idle Tuesday, April 21, 2020, in East Chicago, Ind. The world is awash in oil, there's little demand for it and we're running out of places to put it. That in a nutshell explains this week's strange and unprecedented action in the market for crude oil futures contracts, where traders essentially offered to pay someone else to deal with the oil they were due to have delivered next month. (AP Photo/Charles Rex Arbogast)
April 22, 2020 - 12:03 am
BEIJING (AP) — Asian stock markets fell further Wednesday as oil prices recovered some of their record-setting losses amid anxiety about the coronavirus pandemic's mounting economic damage. Benchmarks in Tokyo, Hong Kong and Southeast Asia retreated while Shanghai was little-changed after Wall...
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FILE - In this March 28, 2019, file photo, a large flag is unfurled during the national anthem before an opening day baseball game between the New York Yankees and the Baltimore Orioles at Yankee Stadium in New York. Forbes estimates the New York Yankees are baseball’s most valuable franchise at $5 billion, up 9% over last year and 47% more than the No. 2 Los Angeles Dodgers at $3.4 billion.(AP Photo/Seth Wenig, File)
April 21, 2020 - 10:32 am
LOS ANGELES (AP) — A pair of fans in New York sued Major League Baseball, Commissioner Rob Manfred and the 30 teams, asking for their money back for tickets and for certification of class-action status. The lawsuit was filed Monday in U.S. District Court in Los Angeles by Matthew Ajzenman, who said...
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