Financial crisis

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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A view of the CaixaBank headquarter in Barcelona, Spain, Thursday, Sept. 17, 2020. 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 - 11:26 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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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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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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The house of U.S. civil rights campaigner Rosa Parks, rebuilt by artist Ryan Mendoza, is on display in the courtyard of an 18th century Royal Palace, in Naples, Italy, Tuesday, Sept. 15, 2020. It’s the latest stop for the house in a years-long saga that began when Parks’ niece saved the tiny two-story home from demolition in Detroit after the 2008 financial crisis. (AP Photo/Gregorio Borgia)
September 15, 2020 - 8:12 am
NAPLES, Italy (AP) — The run-down, paint-chipped Detroit house where U.S. civil rights icon Rosa Parks took refuge after her historic bus boycott is going on display in Italy in a setting that couldn’t be more incongruous: the imposing central courtyard of the Royal Palace in Naples. It’s the...
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FILE - In this April 14, 2020, file photo, a foreign tourist walks along an empty road lined with closed shops in Bali, Indonesia. The Asian Development Bank has forecast Tuesday, Sept. 15, 2020 that developing economies in the region will contract in 2020, the first such downturn in nearly 60 years. (AP Photo/Firdia Lisnawati, File)
September 15, 2020 - 3:03 am
Developing economies in Asia will contract in 2020, the first such downturn in nearly 60 years, the Asian Development Bank said Tuesday in an update to its forecasts. The update of the ADB’s outlook estimates the regional economy will contract 0.7% this year, recovering to 6.8% growth in 2021...
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People enjoying the autumn sunshine on Primrose Hill, London, Sunday, Sept. 13, 2020. From Monday, social gatherings of more than six people will be banned in England — both indoors and outdoors — and Boris Johnson hinted that such restrictions will potentially remain in place until or through Christmas. (Dominic Lipinski/PA via AP)
September 13, 2020 - 10:15 pm
SEOUL, South Korea — South Korea has reported its lowest daily virus tally in about a month as it began easing its tough social distancing rules in the greater Seoul area. The Korea Disease Control and Prevention Agency says the 109 new cases added in the past 24 hours took the country’s total to...
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A health worker takes a nasal swab sample to test for COVID-19 in Hyderabad, India, Sunday, Sept. 13, 2020. India's coronavirus cases are now the second-highest in the world and only behind the United States. (AP Photo/Mahesh Kumar A.)
September 13, 2020 - 7:11 am
NEW DELHI (AP) — India has registered a single-day spike of 94,372 new coronavirus cases, driving the country’s overall tally to 4.75 million. The Health Ministry on Sunday also reported 1,114 deaths in the past 24 hours, taking total fatalities up to 78,586. Even as infections are growing faster...
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