More than one in every six young workers have stopped working during the coronavirus pandemic, the U.N. labor agency reported Wednesday, warning of long-term fallout that could lead to a “lock-down generation” if steps aren’t taken to ease the crisis.
Mari Yamaguchi, Associated Press | PostedMay 27th - 5:26am
Japan’s Cabinet approved a proposed 32 trillion yen ($296 billion) supplementary budget on Wednesday to help fund $1.1 trillion in measures to cushion the blow to the economy from the coronavirus pandemic.
Cyprus is pledging to cover all costs for anyone testing positive for the coronavirus while on vacation on the eastern Mediterranean island nation, according to a letter obtained by The Associated Press on Wednesday.
The European Union proposed Wednesday a 750 billion-euro ($825 billion) recovery fund to help countries weather a painful recession triggered by the coronavirus and bridge divisions over the conditions that should be attached for access to the money.
Kim Tong-hyung, Jill Lawless and Elaine Kurtenbach, Associated Press | PostedMay 27th - 12:04am
As Mediterranean beaches and Las Vegas casinos laid out plans to welcome tourists again, South Korea announced a spike in new infections Wednesday and considered reimposing social distancing restrictions, revealing the setbacks ahead for other nations on the road to reopening.
Mary Clare Jalonick and Lisa Mascaro, Associated Press | PostedMay 26th - 10:18pm
Sen. Marco Rubio, the new Republican chairman of the Senate Intelligence Committee, is warning that foreign actors will seek to amplify conspiracy theories about the coronavirus and find new ways to interfere in the 2020 presidential election.
Andrew Taylor and Lisa Mascaro, Associated Press | PostedMay 26th - 10:16pm
Deadlocked over the next big coronavirus relief bill, Congress is shifting its attention to a more modest overhaul of small-business aid in hopes of helping employers reopen shops and survive the pandemic.
A federal control board that oversees Puerto Rico’s finances prepared to vote Wednesday on a revised fiscal plan as it warned the island’s surplus could plunge by 65% and that the government is unable to pay current debt obligations.