Financial crisis

A man wearing a mask depicting American flags jogs past the U.S. Capitol Building, Tuesday, April 28, 2020, in Washington. The U.S. House of Representatives has canceled plans to return next week, a reversal after announcing it a day earlier. (AP Photo/Andrew Harnik)
May 04, 2020 - 11:57 am
WASHINGTON (AP) — The Senate will gavel in Monday as the coronavirus rages while the top House Republican is proposing a “hybrid” reopening for the still-shuttered House as a divided Congress struggles to fully resume during the pandemic. Rep. Kevin McCarthy, the minority leader, suggests the full...
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FILE - In this Thursday, Nov. 2, 2017 file photo, World Rugby Chairman Bill Beaumont speaks beside the Webb Ellis Cup during an interview before the match schedule announcement for the 2019 Rugby World Cup in Tokyo. Bill Beaumont and Agustin Pichot are vying to become chairman of World Rugby amid trying times for the sport because of the coronavirus outbreak and the growing discussion about a global calendar to unify the international game. (AP Photo/Shizuo Kambayashi, File)
May 03, 2020 - 3:49 pm
Confronting and managing an unprecedented financial crisis. Uniting the northern and southern hemispheres in one global calendar. Maintaining the growth of the women’s and sevens games. All while not even knowing exactly when rugby can return following the coronavirus outbreak. Bill Beaumont has...
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FILE - In this Dec. 17, 2019 file photo, U.N. Secretary-General Antonio Guterres attends the UNHCR - Global Refugee Forum at the European headquarters of the United Nations in Geneva, Switzerland. When financial markets collapsed and the world faced its last great crisis in 2008, major powers worked together to restore the global economy, but the COVID-19 pandemic has been striking for the opposite response. The financial crisis gave birth to the leaders’ summit of the Group of 20, the world’s richest countries responsible for 80% of the global economy. But when Guterres proposed ahead of their summit in late March that G-20 leaders adopt a “wartime” plan and cooperate on the global response to suppress the virus, there was no response (Salvatore Di Nolfi/Keystone via AP, File)
May 03, 2020 - 12:46 pm
UNITED NATIONS (AP) — When financial markets collapsed and the world faced its last great crisis in 2008, major powers worked together to restore the global economy, but the COVID-19 pandemic has been striking for the opposite response: no leader, no united action to stop the spread of the new...
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FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, speaks following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett will hold a drastically scaled-back version of Berkshire Hathaway's annual meeting on Saturday, May 2, 2020, because of the coronavirus outbreak. No shareholders will be allowed at this year's online meeting, but Buffett will still offer some commentary during a brief question-and-answer session at the event. (AP Photo/Nati Harnik, File)
May 02, 2020 - 9:25 pm
OMAHA, Neb. (AP) — Billionaire investor Warren Buffett doesn't know how or when the economy will recover from the coronavirus outbreak shutdown, but he remains optimistic in the long-term future of the United States. Buffett said Saturday at Berkshire Hathaway's online annual meeting that there's...
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FILE - In this April 21, 2020, file photo Senate Majority Leader Mitch McConnell of Ky., speaks with reporters after the Senate approved a nearly $500 billion coronavirus aid bill on Capitol Hill in Washington. House Speaker Nancy Pelosi shelved a proposal for proxy voting this week after Republicans objected. In the Senate, McConnell rejected a GOP remote vote proposal. He expects Congress to return May 4, as planned. (AP Photo/Patrick Semansky, File)
May 01, 2020 - 2:29 pm
WASHINGTON (AP) — The Senate is set to convene Monday but the health risks from the coronavirus are being laid bare as the Capitol physician says there is no way to quickly test the 100 senators and staff. It's a high-profile snapshot of the national testing shortfall as the Trump administration...
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A man walks past a closed business, Wednesday, April 29, 2020, in Chagrin Falls, Ohio. The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record. (AP Photo/Tony Dejak)
April 30, 2020 - 11:45 am
WASHINGTON (AP) — More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s. Roughly 30.3 million people have now filed for jobless aid in the six weeks since the...
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A man walks in front of the European Central Bank in Frankfurt, Germany, Wednesday, April 29, 2020. The ECB will have the meeting of the governing council on Thursday. (AP Photo/Michael Probst)
April 30, 2020 - 8:29 am
FRANKFURT, Germany (AP) — The European economy shrank by a record 3.8% in the first quarter as business activity from hotels and restaurants to construction and manufacturing was frozen by shutdowns aimed at preventing the spread of the coronavirus. The drop in the 19-country eurozone was the...
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Workers manufacture face masks at a workshop in Bogota, Colombia, Wednesday, April 29, 2020. Oscar Henao a taxi driver by profession and his partner Adan Fajardo, owner of the small packaging workshop, created the plastic protection mask model they called the "mask of life,” to protect people from the coronavirus pandemic. (AP Photo/Fernando Vergara)
April 29, 2020 - 10:53 pm
Scientists on Wednesday announced the first effective treatment against the coronavirus — an experimental drug that can speed the recovery of COVID-19 patients — in a major medical advance that came as the economic gloom caused by the scourge deepened in the U.S. and Europe. The U.S. government...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, April 29, 2020. Asian stock markets gained Wednesday after France and Spain joined governments that plan to ease anti-virus controls and allow businesses to reopen. (AP Photo/Ahn Young-joon)
April 29, 2020 - 2:29 pm
Stocks charged higher around the world Wednesday following an encouraging report on a possible treatment for COVID-19. The optimism helped the S&P 500 vault 2.8% higher in afternoon trading, and it extended a rally that’s brought the U.S. stock market to the brink of its best month in 45 years...
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A Lebanese policeman gestures to firefighters as they extinguish a police car that was set on fire by anti-government protesters, in the northern city of Tripoli, Lebanon, Tuesday, April 28, 2020. Hundreds of angry Lebanese took part Tuesday in the funeral of a young man killed in riots overnight in Tripoli that were triggered by the crash of Lebanon's national currency that sent food prices soaring. (AP Photo/Bilal Hussein)
April 28, 2020 - 5:38 pm
TRIPOLI, Lebanon (AP) — Hundreds of protesters in Lebanon's northern city of Tripoli clashed with troops until late Tuesday night leaving several injured on both sides in some of the most serious riots triggered by an economic crisis spiraling out of control amid a weeks-long virus lockdown. After...
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