Financial crisis

FILE - In this Feb. 17, 2020, file photo, commuters ride in a quiet subway train during the morning rush hour in Beijing. As many Chinese finally go back to work after their longest Lunar New Year holiday ever, the economic fallout from the outbreak of a new coronavirus that began in Wuhan may be just beginning. Companies are warning their bottom lines will take a hit, and governments are ramping up stimulus measures for economies that just weeks ago were hoping to see recoveries after months of uncertainty due to trade tensions and slowing global growth. (AP Photo/Andy Wong, File)
February 18, 2020 - 6:46 am
BANGKOK (AP) — The virus outbreak in China has put South Korea's economy into an "emergency situation," its president says. Japan is on the brink of recession and big manufacturers are forecasting a whole world of woe. As many Chinese finally go back to work after their longest Lunar New Year...
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FILE - In this Feb. 17, 2020, file photo, commuters ride in a quiet subway train during the morning rush hour in Beijing. As many Chinese finally go back to work after their longest Lunar New Year holiday ever, the economic fallout from the outbreak of a new coronavirus that began in Wuhan may be just beginning. Companies are warning their bottom lines will take a hit, and governments are ramping up stimulus measures for economies that just weeks ago were hoping to see recoveries after months of uncertainty due to trade tensions and slowing global growth. (AP Photo/Andy Wong, File)
February 18, 2020 - 6:38 am
BANGKOK (AP) — The virus outbreak in China has put South Korea's economy into an "emergency situation," its president says. Japan is on the brink of recession and big manufacturers are forecasting a whole world of woe. As many Chinese finally go back to work after their longest Lunar New Year...
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Democratic presidential candidate Mike Bloomberg gives his thumbs-up after speaking during a campaign event at Hardywood Park Craft Brewery in Richmond, Va., Saturday, Feb. 15, 2020. (James H. Wallace/Richmond Times-Dispatch via AP)
February 17, 2020 - 11:10 am
CARSON CITY, Nev. (AP) — With the Nevada caucuses less than a week away, Democratic presidential candidates campaigning were fixated on a rival who wasn't contesting the state. Bernie Sanders, Joe Biden, Amy Klobuchar, Elizabeth Warren and Pete Buttigieg all went after billionaire Mike Bloomberg...
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Democratic presidential candidate and former New York City Mayor Michael Bloomberg is joined on stage by supporters during his campaign launch of "Mike for Black America," at the Buffalo Soldiers National Museum, Thursday, Feb. 13, 2020, in Houston. (AP Photo/David J. Phillip)
February 17, 2020 - 12:36 am
CARSON CITY, Nev. (AP) — With the Nevada caucuses less than a week away, Democratic presidential candidates campaigning this weekend were fixated on a rival who wasn't contesting the state. Bernie Sanders, Joe Biden, Amy Klobuchar, Elizabeth Warren and Pete Buttigieg all targeted billionaire Mike...
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Democratic presidential candidate and former New York City Mayor Michael Bloomberg is joined on stage by supporters during his campaign launch of "Mike for Black America," at the Buffalo Soldiers National Museum, Thursday, Feb. 13, 2020, in Houston. (AP Photo/David J. Phillip)
February 16, 2020 - 10:20 pm
CARSON CITY, Nev. (AP) — With the Nevada caucuses less than a week away, Democratic presidential candidates campaigning Sunday were fixated on a rival who wasn't contesting the state. Bernie Sanders, Joe Biden, Amy Klobuchar, Elizabeth Warren and Pete Buttigieg all targeted billionaire Mike...
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European Central Bank President Christine Lagarde addresses European Parliament lawmakers during a monetary dialogue meeting at the European Parliament in Brussels, Thursday, Feb. 6, 2020. (AP Photo/Francisco Seco)
February 14, 2020 - 10:59 am
FRANKFURT, Germany (AP) — Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it's the bank, not the saver, who collects interest. Welcome to the upside-down world of ultra-low and negative interest rates that is taking hold in many parts of the world...
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European Central Bank President Christine Lagarde addresses European Parliament lawmakers during a monetary dialogue meeting at the European Parliament in Brussels, Thursday, Feb. 6, 2020. (AP Photo/Francisco Seco)
February 14, 2020 - 9:55 am
FRANKFURT, Germany (AP) — Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it's the bank, not the saver, who collects interest. Welcome to the upside-down world of ultra-low and negative interest rates that is taking hold in many parts of the world...
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Cyprus' President Nicos Anastasiades, center, and Mustafa Akinci, centre right, the leader of the ethnically divided island's breakaway Turkish Cypriots, attend an exhibition of culturally significant paintings and audio visual recordings that were recently exchanged as part of an effort to boost confidence between the ethnically divided island nation's two communities, at the Ledra Palace Hotel inside the UN controlled buffer zone in divided capital Nicosia, Cyprus, Monday, Feb. 3, 2020. (AP Photo/Petros Karadjias)
February 14, 2020 - 9:28 am
NICOSIA, Cyprus (AP) — Defaulted loans are a prime economic issue for Cyprus, which since a 2013 financial crisis has seen overdue payments weigh on consumers and banks. Yet a government scheme to ease the problem has not been embraced by borrowers as hoped. Just over 5,600 applications to the...
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European Central Bank President Christine Lagarde addresses European Parliament lawmakers during a monetary dialogue meeting at the European Parliament in Brussels, Thursday, Feb. 6, 2020. (AP Photo/Francisco Seco)
February 14, 2020 - 8:14 am
FRANKFURT, Germany (AP) — Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it's the bank, not the saver, who collects interest. Welcome to the upside-down world of ultra-low and negative interest rates that is taking hold in many parts of the world...
Read More
Democratic presidential candidate and former New York City Mayor Mike Bloomberg greets supporters after speaking at a campaign event in Raleigh, N.C., Thursday, Feb. 13, 2020. (AP Photo/Gerald Herbert)
February 14, 2020 - 7:30 am
WASHINGTON (AP) — Democratic presidential candidates hoping to revive their flagging campaigns increasingly took aim at Mike Bloomberg, blasting their billionaire rival for trying to buy his way into the White House and raising questions about his commitment to racial equality. Struggling to...
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