Economy

European Council President Charles Michel speaks during a media conference after an EU summit by video conference in Brussels, Thursday, March 26, 2020. Following the informal video conference, members of the European Council adopted a statement on the EU actions in response to the COVID-19 outbreak. 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. (Francois Walschaerts, Pool Photo via AP)
March 26, 2020 - 6:06 pm
BRUSSELS (AP) — European Union national leaders told the bloc’s finance ministers Thursday to draw up new measures to tackle the devastating economic impact of the coronavirus pandemic after failing to bridge major differences over how best to share the debt burden. During six hours of talks by...
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FILE - In this Friday, March 20, 2020 file photo, customers wait in line at a Stop & Shop supermarket that opened special morning hours to serve people 60-years and older due to coronavirus concerns, in Teaneck, N.J. The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed as it continues to spread across the world. Stop & Shop will hire at least 5,000 new associates for regular part-time positions in its stores, distribution centers and delivery operations across New York, New Jersey, Connecticut, Massachusetts and Rhode Island. (AP Photo/John Minchillo, File)
March 26, 2020 - 6:05 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed as it continues to spread across the world. Here is a look at some of the latest developments Thursday related to the global economy, particular economic sectors, and the workplace: JOBS: As the...
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FILE— In this Jan. 28, 2014 file photo a jar of ethanol fuel sits on display during the Iowa Renewable Fuels Association meeting in Altoona, Iowa. As hospitals and nursing homes run out of hand sanitizer to fight off the coronavirus, struggling ethanol producers are eager to help. They could provide alcohol to make millions of gallons of the germ-killing sanitizer, but the U.S. Food and Drug Administration has put up a roadblock, frustrating both the health care and ethanol industries with its inflexible regulations during a national health care crisis. (AP Photo/Charlie Neibergall, file)
March 26, 2020 - 5:36 pm
DES MOINES, Iowa (AP) — As hospitals and nursing homes desperately search for hand sanitizer amid the coronavirus outbreak, federal regulators are preventing ethanol producers from providing millions of gallons of alcohol that could be transformed into the germ-killing mixture. The U.S. Food and...
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FILE - In this Wednesday, March 25, 2020 file photo, American Airlines jets sit idly at their gates as a jet arrives at Sky Harbor International Airport in Phoenix. The Trump administration is raising the possibility of the U.S. government getting ownership stakes in U.S. airlines in exchange for $25 billion in direct grants to help the carriers survive a downturn caused by the coronavirus pandemic, according to people familiar with the matter, Thursday, March 26, 2020. (AP Photo/Matt York, File)
March 26, 2020 - 5:22 pm
The Trump administration is raising the possibility of the government getting ownership stakes in U.S. airlines in exchange for $25 billion in direct grants to help the carriers survive a downturn caused by the coronavirus pandemic, according to people familiar with the matter. Details were unclear...
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In this photo released by Saudi Press Agency, SPA, Saudi King Salman, chairs a video call of world leaders from the Group of 20 and other international bodies and organizations, from his office in Riyadh, Saudi Arabia, Thursday, March 26, 2020. The meeting is aimed at coordinating the global response to the fast-spreading coronavirus, which has shuttered businesses and forced well over a quarter of the world's population into home isolation. (Saudi Press Agency via AP)
March 26, 2020 - 2:03 pm
DUBAI, United Arab Emirates (AP) — The head of the United Nations told leaders of the world’s 20 major industrialized nations during an emergency virtual summit Thursday that "we are at war with a virus – and not winning it” despite dramatic measures by countries to seal their borders, shutter...
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A Washington D.C. Metropolitan Police vehicle is parked on the other side of a tape police line along the Tidal Basin as cherry blossoms cover the trees, in Washington, Monday, March 23, 2020. As Washington, D.C. continues to work to mitigate the spread of the coronavirus (COVID-19), Mayor Muriel Bowser extended road closures and other measures to restrict access to the Tidal Basin, a main tourist attraction. (AP Photo/Carolyn Kaster)
March 26, 2020 - 1:05 pm
WASHINGTON (AP) — Officials in the nation's capital lashed out Thursday at the $2.2 trillion coronavirus economic relief package moving through Congress, saying it cheats Washington, D.C., of more than $700 million by treating it as a territory rather than a state. “It's shocking. It's infuriating...
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FILE - In this Wednesday, May 8, 2013 file photo, a technician works at the Ferrari department factory in Maranello, Italy. The eurozone's third-largest economy and a major exporter, Italy on Wednesday becomes the first western industrialized nation to idle swaths of industrial production to stop the spread of coronavirus by keeping yet more of the population 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. (AP Photo/Marco Vasini, File)
March 26, 2020 - 11:43 am
Soave, Italy (AP) — Italy has become the first western developed nation to idle most of its industry to halt the spread of the coronavirus, a potential cautionary tale for other governments, such as the Trump administration, that are resisting such drastic measures. After more than two weeks of a...
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FILE - In this March 17, 2020 file photo, people wait in line for help with unemployment benefits at the One-Stop Career Center in Las Vegas. A record-high number of people applied for unemployment benefits last week as layoffs engulfed the United States in the face of a near-total economic shutdown caused by the coronavirus. The surge in weekly applications for benefits far exceeded the previous record set in 1982. (AP Photo/John Locher, File)
March 26, 2020 - 10:04 am
WASHINGTON (AP) — Nearly 3.3 million Americans applied for unemployment benefits last week — almost five times the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus. The surge in weekly applications was a stunning reflection of the damage the viral outbreak...
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A street musician sings and plays music on an empty lane in Tehran, Iran, Thursday, March 26, 2020. Iran is battling the worst new coronavirus outbreak in the region and authorities have advised people to stay at home and trying to enforce new policy imposing the kinds of lockdowns when the country spending the new year holidays. (AP Photo/Vahid Salemi)
March 26, 2020 - 8:21 am
BEIRUT (AP) — Iraq and Lebanon prepared Thursday to extend government-imposed restrictions on movement for two more weeks, the latest measures announced to stem the spread of the new coronavirus. In Iran, the death toll jumped by 157 new fatalities, prompting new steps to limit public gatherings...
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