Government business and finance

FILE - In this March 16, 2020 file photo, chairs hang stacked on empty tables at a closed restaurant in New York. Small business owners across the country waited again Wednesday, April 8, to receive loan money under the government’s $2 trillion coronavirus relief program. Despite a few reports that some companies had received their loans, the vast majority of the hundreds of thousands of owners who began applying for the loans on Friday were still in limbo. (AP Photo/Yuki Iwamura, File)
April 09, 2020 - 2:31 am
NEW YORK (AP) — Speed is of the essence if a federal relief program for small businesses is going to be effective in combating the damage wrought by the coronavirus lockdowns. Yet, days into the program, many Main Street businesses are still waiting for the cash infusion necessary to stay alive...
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In this Tuesday, April 7, 2020 photo, a delivery truck leaves after dropping off alcohol to a home in Dubai, United Arab Emirates. Dubai’s two major alcohol distributors have partnered to offer home delivery of beer, spirits and wine as the new coronavirus now threatens a crucial source of tax and general revenue for the rulers of this Islamic city-state. The decision marks yet another loosening of social mores in the skyscraper-studded desert metropolis. (AP Photo/Jon Gambrell)
April 09, 2020 - 1:05 am
DUBAI, United Arab Emirates (AP) — The Champagne corks no longer pop at Dubai's infamous alcohol-soaked brunches. The blaring flat-screen televisions stand silent in the sheikhdom's sports bars. And the city-state's pubs have shrink-wrapped their now-idle beer taps. This skyscraper-studded desert...
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FILE - In this Dc. 18, 2017 file photo, former Los Angeles Laker Kobe Bryant talks during a news conference in Los Angeles. Bryant and fellow NBA greats Tim Duncan and Kevin Garnett headlined a nine-person group announced Saturday, April 4, 2020, as this year’s class of enshrinees into the Naismith Memorial Basketball Hall of Fame. They all got into the Hall in their first year of eligibility, as did WNBA great Tamika Catchings. Two-time NBA champion coach Rudy Tomjanovich, longtime Baylor women’s coach Kim Mulkey, 1,000-game winner Barbara Stevens of Bentley and three-time Final Four coach Eddie Sutton were selected. So was former FIBA Secretary General Patrick Baumann. (AP Photo/Chris Carlson, File)
April 08, 2020 - 10:07 pm
The Latest on the effects of the coronavirus outbreak on sports around the world: ___ Los Angeles Lakers general manager Rob Pelinka is drawing inspiration from his friendship with Kobe Bryant as he navigates the coronavirus pandemic. Pelinka was Bryant’s longtime agent before he took over the...
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Treasury Secretary Steven Mnuchin and President Donald Trump listen to a question during a conference call with banks on efforts to help small businesses during the coronavirus pandemic, at the White House, Tuesday, April 7, 2020, in Washington. (AP Photo/Evan Vucci)
April 08, 2020 - 6:57 pm
WASHINGTON (AP) — Congress is rushing headlong into a conflict over the next coronavirus aid package as the White House wants to pump $250 billion into a small business fund but opposes Democrats' proposal to tack on billions for protective gear, food stamps and support to state and local...
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April 08, 2020 - 3:56 pm
WASHINGTON (AP) — The government is set to report another shocking level of unemployment claims Thursday even after nearly 10 million people applied for benefits in the previous two weeks because of business shutdowns from the coronavirus. The number will likely keep increasing, in part because...
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FILE - In this Monday, March 9, 2020 file photo, Tedros Adhanom Ghebreyesus, Director General of the World Health Organization speaks during a news conference on updates regarding on the novel coronavirus COVID-19, at the WHO headquarters in Geneva, Switzerland. After the new coronavirus erupted in China, the World Health Organization sprang into action: It declared an international health emergency, rushed a team to the epicenter in Wuhan and urged other countries to get ready and drum up funding for the response. Many analysts have praised the initial response by the world’s go-to agency on health matters. But now, governments have started to brush aside, ignore and criticize WHO recommendations on issues of public policy, like whether cross-border travel should be restricted or whether the public should wear masks. (Salvatore Di Nolfi/Keystone via AP, file)
April 08, 2020 - 3:16 pm
GENEVA (AP) — In a heartfelt plea for unity, the World Health Organization's chief sought Wednesday to rise above sharp criticism and threats of funding cuts from U.S. President Donald Trump over the agency’s response to the coronavirus outbreak. The vocal defense from the WHO Director-General came...
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An Airbus A330 of the French Air Force is on display at the Airport of Hamburg, Germany, Tuesday, March 31, 2020. The plane will fly six corona patients who need to be ventilated to Germany for treatment. In order to slow down the spread of the coronavirus, the German government has considerably restricted public life and asked the citizens to stay at home. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (Axel Heimken/dpa via AP)
April 08, 2020 - 1:15 pm
LONDON (AP) — European planemaker Airbus said Wednesday it is reducing production by about a third as demand for aircraft and travel plummets due to the coronavirus pandemic. The company said it delivered 122 planes in the first quarter, but 60 remain undelivered. It delivered only 36 in March,...
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FILE - In this April 3 2020 file photo, customers, some wearing face masks, line up outside a Wells Fargo branch in the Atwater Village neighborhood of Los Angeles during the coronavirus outbreak. The Federal Reserve is lifting its lending restrictions on Wells Fargo, Wednesday, April 8, to allow it to make more loans that fall under the $349 billion Paycheck Protection Program and the Fed’s upcoming own small business lending program. The Fed has had Wells under a tight leash due to the bank’s prior scandalous behavior, including the opening of millions of fake accounts (AP Photo/Damian Dovarganes, File)
April 08, 2020 - 12:20 pm
NEW YORK (AP) — The Federal Reserve is lifting its lending restrictions on Wells Fargo after some of the bank's thousands of small business customers were shut out of a program that's supposed to throw them a financial lifeline. The Fed's action will allow Wells to make more loans under the $349...
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German Economy Minister Peter Altmaier, left, and German Finance Minister and Vice-Chancellor Olaf Scholz arrive to give a press conference on an aid package in response to the COVID-19 coronavirus pandemic, in Berlin, Monday April 6, 2020. Restrictions on civil liberties and social restrictions have been imposed in many countries as the highly contagious COVID-19 coronavirus sweeps the globe. (John Macdougall/Pool via AP)
April 08, 2020 - 4:28 am
BRUSSELS (AP) — European governments remained at loggerheads Wednesday over measures to help the economy weather the coronavirus outbreak, breaking off a meeting of finance officials who clashed over aid conditions and a proposal to borrow together to pay for the health crisis. Finance ministers...
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Customers wear face masks as they line up to enter a supermarket keeping social distancing following the government's measures to help stop the spread of the coronavirus, in Tel Aviv, Israel, Tuesday, April 7, 2020. Israeli Prime Minister Benjamin Netanyahu announced Monday a complete lockdown over the upcoming Passover holiday to control the country's coronavirus outbreak, but offered citizens some hope by saying he expects to lift widespread restrictions after the week-long festival. (AP Photo/Oded Balilty)
April 07, 2020 - 10:30 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the global economy, the work place and the spread of the virus. ___________ CUSTOMERS FIRST: The pandemic is sapping trillions from the economy and the...
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