Economy

President Donald Trump speaks during a news briefing at the White House, Thursday, July 2, 2020, in Washington, as White House chief economic adviser Larry Kudlow, left, and Treasury Secretary Steven Mnuchin, look on. (AP Photo/Evan Vucci)
July 04, 2020 - 10:25 am
WASHINGTON (AP) — President Donald Trump on Saturday signed into law a temporary extension of a subsidy program for small businesses battered by the coronavirus, The legislation extends the June 30 deadline for applying for the program to Aug. 8. Lawmakers created the program in March and have...
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Migrants who are seeking seasonal work harvest fruits stand in a square in Lleida, Spain, Thursday, July 2, 2020. Authorities in northeast Spain have ordered the lockdown of a county around the city of Lleida due to worrying outbreaks of the COVID-19 virus. Catalan regional authorities announced Saturday, July 4, 2020 that as of noon local time movement will be restricted to and from the county of El Segriá around Lleida which is home to over 200,000 people. Residents will have until 4 p.m. to enter the area. The new outbreaks are linked to agricultural workers in the rural area. (AP Photo/Emilio Morenatti)
July 04, 2020 - 9:58 am
LLEIDA, Spain (AP) — In the 20 years since he left his native Senegal, Biram Fall has never slept in the streets. This week, when he ran out of savings after failing to find work in northern Spain’s peach orchards, he still refused to do so. As part of an army of cheap labor that follows the...
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FILE - In this Friday, April 17, 2020 file photo, a health worker arrives to take a nose swab sample as part of testing for the COVID-19 coronavirus at a nursing and rehabilitation facility in Seattle. Nursing home residents are among the Americans getting $1,200 checks as part of the U.S. government’s plan to revive the economy in 2020. But with many long-term care facilities under lockdown to prevent COVID-19 outbreaks, what are the rules around how the money is handled? (AP Photo/Ted S. Warren)
July 04, 2020 - 9:30 am
NEW YORK (AP) — Nursing home residents are among the Americans getting $1,200 checks as part of the U.S. government’s plan to revive the economy. But with many long-term care facilities under lockdown to prevent COVID-19 outbreaks, what are the rules around how the money is handled? The situation...
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FILE - In this March 9, 2020 file photo, Washington's peace envoy Zalmay Khalilzad, attends Ashraf Ghani's inauguration ceremony at the presidential palace in Kabul, Afghanistan. According to a statement released Thursday, July 2, 2020, by the U.S. Embassy in Islamabad, Khalilzad told Pakistani officials that Afghanistan’s Taliban and Kabul’s political leaders were close to starting negotiations to decide the face of a post-war Afghanistan, a crucial next step in a U.S. deal signed with the Taliban in February. (AP Photo/Rahmat Gul, File)
July 04, 2020 - 9:20 am
ISLAMABAD (AP) — Washington's envoy to Afghanistan on Saturday emphasized the economic benefits of the peace deal with the Taliban, forging ahead with an agreement that has run into new political obstacles in the U.S. and the region. Zalmay Khalilzad was wrapping up a week-long trip that included...
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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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Air France workers gather during a protest in front of the company headquarters in Tremblay-en-France, outside Paris Friday, July 3, 2020. Air France is meeting with personnel representatives Friday to discuss thousands of job cuts after the virus pandemic grounded most flights and darkened prospects for future air travel. (AP Photo/Christophe Ena)
July 03, 2020 - 2:30 pm
PARIS (AP) — Air France and regional subsidiary Hop announced 7,500 job cuts Friday after the virus pandemic grounded most flights and darkened prospects for future air travel. Activists from multiple unions protested at Air France headquarters at Paris’ Charles de Gaulle Airport as talks began...
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July 03, 2020 - 1:10 pm
KYIV, Ukraine (AP) — Ukraine’s parliament on Friday accepted the resignation of the country’s top banker, who has stepped down citing political pressure. National Bank head Yakiv Smolii submitted his letter of resignation Wednesday, pointing at “systematic political pressure” as the reason for his...
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FILE - In this May 19, 2020 file photo, French government coordinator for the end of lockdown Jean Castex leaves after a videoconference with the French President and French mayors at the Elysee Palace in Paris. French President Emmanuel Macron has named Jean Castex, who coordinated France's virus reopening strategy, as new prime minister on Friday July 3, 2020. Emmanuel Macron is reshuffling the government to focus on reviving the economy after months of lockdown. (Gonzalo Fuentes/Pool via AP, File)
July 03, 2020 - 11:53 am
PARIS (AP) — The new French prime minister appointed Friday said he feels ready to face the key challenge of reviving France's economy following the damage caused by the coronavirus pandemic and a two-month nationwide lockdown. The relatively low-profile Jean Castex, who coordinated France’s virus...
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The controversial most modern Uniper Datteln 4 coal-powered plant steams behind a corn field one month after the operational start in Datteln, Germany, Friday, July 3, 2020. The state governors Dietmar Woidke of Brandenburg, Michael Kretschmer of Saxony, Reiner Haseloff of Saxony-Anhalt and Armin Laschet of North Rhine-Westphalia meet in Berlin for the adoption by the Bundestag and Bundesrat of the laws on coal phase-out and structural strengthening in the affected federal states. (AP Photo/Martin Meissner)
July 03, 2020 - 11:53 am
BERLIN (AP) — German lawmakers have finalized the country's long-awaited phase-out of coal as an energy source, backing a plan that environmental groups say isn't ambitious enough and free marketeers criticize as a waste of taxpayers' money. Bills approved by both houses of parliament Friday...
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A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, July 3, 2020. Markets advanced in Asia on Friday following a Wall Street rally driven by strong jobs data. (AP Photo/Eugene Hoshiko)
July 03, 2020 - 8:21 am
World stock markets turned lower in Europe on Friday after gains in Asia, with trading somewhat subdued by a long holiday weekend in the U.S. With Wall Street due to remain closed in observance of Independence Day, Germany's DAX edged 0.5% lower to 12,548. The CAC 40 in Paris dropped 0.9% to 5,006...
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