Financial crisis

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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A visitor walks past "Le Penseur" (The Thinker) by French sculptor Auguste Rodin in Paris Tuesday, July 7, 2020. The Musee Rodin is reopening this Tuesday morning albeit with a worrying loss of visitors and income caused by the four-months closure. Museum director, Catherine Chevillot, estimates the loss incurred by the crisis to be around 4.4 million euros (4.9 US dollars). and alleviated by the 1.4 million euro sales of bronze editions of Rodin statues. The museum doesn't sell Rodin statue originals but can sell 12 bronze replica editions of each of them, as it has been for 100 years. (AP Photo/Christophe Ena)
July 07, 2020 - 1:00 pm
PARIS (AP) — Unlike other museums thumped by the coronavirus pandemic, Paris’ Rodin Museum might have an ace up its sleeve to help see it through the crisis: It can sell limited-edition versions of the French sculptor’s masterpieces. The self-financed museum dedicated to the works of Auguste Rodin...
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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 - 6:53 pm
WASHINGTON (AP) — The government on Monday identified roughly 650,000 mostly small businesses and nonprofits that received taxpayer money through a federal program that was designed to soften job losses from the coronavirus but also benefited wealthy, well-connected companies and some celebrity...
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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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FILE - In this May 22, 2020, file photo, the Federal Reserve building is viewed in Washington. Federal Reserve officials last month expressed concerns about the severity of the economic downturn triggered by the coronavirus pandemic. The minutes of the June 9-10 discussions that were made public Wednesday, July 1, 2020, show officials grappling with economic disruptions that had already occurred. (AP Photo/Patrick Semansky, File)
July 01, 2020 - 3:50 pm
WASHINGTON (AP) — Federal Reserve officials last month expressed concerns about the severity of the economic downturn triggered by the coronavirus pandemic, saying the drop in economic activity in the spring would likely be the steepest in the post-World War II period. The minutes of the June 9-10...
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Democratic presidential candidate, former Vice President Joe Biden, speaks Tuesday, June 30, 2020, in Wilmington, Del. (AP Photo/Patrick Semansky)
June 30, 2020 - 5:26 pm
WILMINGTON, Del. (AP) — Joe Biden took aggressive aim Tuesday at President Donald Trump’s fitness for the Oval Office, suggesting he has abdicated his duty to protect U.S. troops facing Russian threats abroad and American citizens facing a pandemic and economic calamity at home. Biden, the...
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European Union foreign policy chief Josep Borrell waits for the start of a meeting, Supporting the future of Syria and the Region, in videoconference format at the European Council building in Brussels, Tuesday, June 30, 2020. (AP Photo/Virginia Mayo, Pool)
June 30, 2020 - 5:45 am
BRUSSELS (AP) — Donors from around 60 countries and international agencies are meeting Tuesday to drum up financial aid for Syria as the coronavirus and economic chaos wreak even more havoc in a country shattered by a conflict now in its 10th year. The war has killed more than 400,000 people and...
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Hezbollah and Amal supporters wave Hezbollah and Iranian flags as they shout slogans against Israel and U.S. during a protest in the southern suburb of Beirut, Lebanon, Sunday, June 28, 2020. The protest came hours after Lebanon's foreign minister summoned the U.S. ambassador to Beirut over comments, she made recently in which she criticized Hezbollah. The meeting between Foreign Minister Nassif Hitti and Ambassador Dorothy Shea is scheduled for Monday afternoon. (AP Photo/Hassan Ammar)
June 28, 2020 - 2:44 pm
BEIRUT (AP) — Lebanon’s foreign minister summoned the U.S. ambassador to Beirut over comments she made recently in which she criticized the militant Hezbollah group, state-run National News Agency reported Sunday. In Hezbollah's stronghold south of Beirut, some 500 protesters marched on foot and...
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