Asian shares climb, Tokyo gains on hopes for reopening
TOKYO (AP) — Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan.
CEO buying struggling New Zealand media company for $1
WELLINGTON, New Zealand (AP) — One of New Zealand's largest media organizations is being sold for a single dollar to its chief executive, the owners announced Monday.
Memorial Day weekend draws crowds and triggers warnings
ST. PETERSBURG, Fla. (AP) — The Memorial Day weekend marking the unofficial start of summer in the U.S. meant big crowds at beaches and warnings from authorities Sunday about people disregarding the coronavirus social-distancing rules and risking a resurgence of the scourge that has killed nearly 100,000 Americans.
SpaceX's 1st astronaut launch breaking new ground for style
CAPE CANAVERAL, Fla. (AP) — The first astronauts launched by SpaceX are breaking new ground for style with hip spacesuits, gull-wing Teslas and a sleek rocketship — all of it white with black trim.
Turkey confirms 32 deaths, 1,141 new COVID-19 cases
ISTANBUL (AP) — Turkey’s health minister on Sunday announced 32 new deaths from COVID-19, bringing the death toll in the country to 4,340.
Europeans soak up the sun but virus travel rules a mishmash
BERLIN (AP) — Europeans soaked up the sun where they could, taking advantage of the first holiday weekend since coronavirus restrictions were eased, while governments grappled with how and when to safely let in foreign travelers to salvage the vital summer tourist season.
Trump's pitch to voters: Trust me, economy will soar in 2021
WASHINGTON (AP) — President Donald Trump has a new pitch to voters for this fall: Trust me. As the economy faces a once-in-a-century recession, with more than 38 million people out of work, Trump is increasingly talking up a future recovery that probably won't materialize until after the November election.
UK leader Johnson stands by aide over 250-mile lockdown trip
LONDON (AP) — Prime Minister Boris Johnson said Sunday he wouldn't fire his chief aide for allegedly violating the national lockdown rules that he helped to create by driving the length of England to his parents' house while he was infected with the coronavirus.
Forced to adapt, businesses rethink how they make money
NEW YORK (AP) — Many business owners are changing the way they make money as they attempt to recoup revenue lost to the coronavirus outbreak.
First commercial space taxi a pit stop on Musk's Mars quest
It all started with the dream of growing a rose on Mars. That vision, Elon Musk’s vision, morphed into a shake-up of the old space industry, and a fleet of new private rockets.
Debt and coronavirus push Hertz into bankruptcy protection
Hertz filed for bankruptcy protection Friday, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company's business.
Memorial Day tempts Americans outdoors, raising virus fears
Millions of Americans are getting ready to emerge from coronavirus lockdowns and venture outdoors to celebrate Memorial Day weekend at beaches, cookouts and family outings, raising concern among public health officials that large gatherings could cause outbreaks to come roaring back.
Record virus infections, deaths are ravaging Latin America
RIO DE JANEIRO (AP) — A surging coronavirus is ravaging parts of Latin America, setting records for cases and deaths Friday in some countries in the world's most unequal region even as the pandemic's march slows in much of Europe, Asia and the United States.
Global tourism upended; worst-case earnings scenario dodged
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to national and global response, the work place and the spread of the virus.
What you need to know today about the virus outbreak
Public health officials are warning Americans to follow social distancing and other measures that aim to stop the spread of the coronavirus as they head into the long Memorial Day weekend with millions of others emerging from lockdowns to celebrate the holiday at beaches and cookouts.
Wall Street ends a choppy day mostly higher; crude oil falls
Stock indexes finished mostly higher Friday as Wall Street shook off an early slide, closing out a solid week of gains for the market.
IBM cuts jobs around U.S. as new CEO looks for revival
ARMONK, N.Y. (AP) — IBM told the Wall Street Journal it is laying off an undisclosed number of workers across the U.S. IBM representatives didn't return numerous calls and emails Friday to confirm the job cuts, which were also reported by Bloomberg.
AP-NORC poll: Many in US won't return to gym or dining out
WASHINGTON (AP) — Much of the country remains unlikely to venture out to bars, restaurants, theaters or gyms anytime soon, despite state and local officials across the country increasingly allowing businesses to reopen, according to a new survey by The Associated Press-NORC Center for Public Affairs Research.
California's April jobless rate higher than Great Recession
SACRAMENTO, Calif. (AP) — California's unemployment rate nearly tripled to 15.5% in April as the nation's most populous state lost more jobs in one month from the coronavirus than it did during the Great Recession a decade ago, state data released Friday showed.
Coronavirus pandemic claims another victim: Robocalls
Have you been missing something amid the lockdowns and stay-at-home orders? No, not human contact. Not even toilet paper. Robocalls.
UK regulators investigating misleading online reviews
LONDON (AP) — Britain's competition watchdog has launched an investigation into misleading reviews on several big websites amid the surge in online shopping during pandemic lockdown restrictions.
IMF to give Ukraine $5 billion to cope with virus fallout
KYIV, Ukraine (AP) — The International Monetary Fund said Thursday it has reached an agreement with authorities in Ukraine to allocate $5 billion to help the country cope with the economic fallout of the coronavirus outbreak.
India's central bank cuts lending rate to 4% to aid economy
NEW DELHI (AP) — India’s central bank on Friday cut its key interest rate to 4% to counter the blow to the economy from the coronavirus pandemic and a lockdown meant to contain it.
Asian shares fall on US friction with China, Hong Kong fears
BANGKOK (AP) — Shares slipped in Asia on Friday as tensions flared between the U.S. and China and as more job losses compounded the economic fallout from the coronavirus pandemic.