Economy

German Chancellor Angela Merkel addresses a plenary session at the European Parliament in Brussels, Wednesday, July 8, 2020. Germany has just taken over the European Union's rotating presidency, and must chaperone the 27-nation bloc through a period of deep crisis for the next six months and try to limit the economic damage inflicted by the coronavirus. (Yves Herman, Pool Photo via AP)
July 08, 2020 - 11:01 am
BRUSSELS (AP) — The coronavirus pandemic is showing the limits of “fact-denying populism,” German Chancellor Angela Merkel said Wednesday, as she urged European Union countries to quickly agree on a major economic recovery package and deprive nationalists of any opportunity to take advantage of the...
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FILE - In this May 20, 2020 file photo, signs that read "No Job No Rent" hang from the windows of an apartment building in Northwest Washington. Renters are nearing the end of their financial rope as the assistance and protections given to them during the pandemic run their course. About 30% of renters polled by the U.S. Census say they have no confidence or slight confidence in their ability to pay rent next month. (AP Photo/Andrew Harnik, File)
July 08, 2020 - 10:27 am
Renters are nearing the end of their financial rope. People who rent have largely been able to survive the initial months of the pandemic helped by unemployment and federal relief checks. But the extra $600 in unemployment benefits ceases at the end of July and local eviction moratoriums are...
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A hospital staff walks past rows of beds at a makeshift COVID-19 care center at an indoor sports stadium in New Delhi, India, Wednesday, July 8, 2020. India has overtaken Russia to become the third worst-affected nation by the coronavirus pandemic. (AP Photo/Altaf Qadri)
July 08, 2020 - 10:09 am
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of the virus. ________________________ TRAVEL: Choice Hotels is confident that its...
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Men who were arrested for violating quarantine health protocols have their temperatures checked at the Amoranto Sports Complex in Manila, Philippines on Wednesday, July 8, 2020. Philippine President Rodrigo Duterte eased one of the world's longest lockdowns in the Philippine capital of more than 13 million people on June 1 after the economy shrank in the first quarter in its first contraction in more than two decades. (AP Photo/Aaron Favila)
WBEN Newsroom
July 08, 2020 - 9:40 am
MANILA, Philippines (AP) — Confirmed coronavirus infections in the Philippines soared past 50,000 on Wednesday in a troubling milestone for a country that has reopened an economy on the brink of recession while still struggling to combat the pandemic. The Department of Health reported 2,539 new...
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FILE - In this May 15, 2020, file photo, Brazil's President Jair Bolsonaro wears a mask amid the COVID-19 pandemic during an event at Planalto presidential palace in Brasilia, Brazil. Bolsonaro said Tuesday, July 7, he tested positive for COVID-19 after months of downplaying the virus’s severity while deaths mounted rapidly inside the country. (AP Photo/Eraldo Peres, File)
July 08, 2020 - 12:00 am
SAO PAULO (AP) — Brazilian President Jair Bolsonaro for months flirted with the new coronavirus as he flouted social distancing at lively demonstrations and encouraged crowds during outings from the presidential residence, often without a mask. He has at times downplayed the risk posed by COVID-19...
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FILE - In this March 12, 2020, file photo, specialist Meric Greenbaum, center, works with traders on the floor of the New York Stock Exchange. U.S. stocks are dipping modestly in early trading Tuesday, July 7, 2020, as expanding coronavirus outbreaks dim hopes for a speedy recovery. (AP Photo/Richard Drew, File)
WBEN Newsroom
July 07, 2020 - 11:02 pm
TOKYO (AP) — Shares were mixed in Asia on Wednesday as uncertainty over the pandemic sapped the buying enthusiasm that has been driving prices higher. The selling followed a deeper pullback on Wall Street and in France, Germany and elsewhere after the European Union’s executive arm said this year’s...
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FILE - In this April 5, 2020 file photo, Mexican President Andres Manuel Lopez Obrador speaks at the National Palace in Mexico City. For his first foreign trip as president, López Obrador travels to Washington Tuesday, July 7, 2020 to meet with President Donald Trump. (AP Photo/Eduardo Verdugo, File)
July 07, 2020 - 10:26 pm
MEXICO CITY (AP) — For his first foreign trip as president, Mexico’s Andrés Manuel López Obrador travels to Washington Tuesday to meet with President Donald Trump, who has repeatedly taken shots at Mexico and Mexican migrants to rally his base. The visit, coming just four months before U.S...
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Senate Majority Leader Mitch McConnell, R-Ky., listens to questions during a news conference following a GOP policy meeting on Capitol Hill, Tuesday, June 30, 2020, in Washington. (AP Photo/Manuel Balce Ceneta)
July 07, 2020 - 8:26 pm
WASHINGTON (AP) — An eviction moratorium is lifting. Extra unemployment benefits are ending. Parents are being called to work, but schools are struggling to reopen for fall as the COVID-19 crisis shows no signs of easing. With Congress bracing for the next coronavirus aid package, Senate Majority...
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Italy's Prime Minister Giuseppe Conte is received by Portugal's Prime Minister Antonio Costa, right, at the Sao Bento palace in Lisbon, Tuesday, July 7, 2020. Southern European countries are mounting a show of strength as negotiations over how much money they get from the EU, and in what form, comes to a crunch. (AP Photo/Armando Franca)
July 07, 2020 - 4:22 pm
LISBON, Portugal (AP) — New forecasts predicting the European Union’s economy is headed for a steep decline underscore the need for quick approval of a proposed recovery fund to help its 27 member countries, the leaders of Italy and Portugal said Tuesday. “The figures demonstrate the urgency of...
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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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