Government business and finance

European Union's chief Brexit negotiator Michel Barnier speaks during a media conference, following the third round of Brexit talks between the EU and Britain, at EU headquarters in Brussels, Friday, May 15, 2020. Talks between the European Union and the United Kingdom on their future relationship in the wake of Brexit have ground to a near-standstill despite the urgency for progress before a summit next month.(Francois Lenoir, Pool Photo via AP)
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May 15, 2020 - 9:09 am
BRUSSELS (AP) — Talks between the European Union and the United Kingdom on their post-Brexit relationship ground to a near-standstill Friday, with each side accusing the other of blocking progress on a trade deal just weeks before a crucial summit. The EU's chief negotiator, Michel Barnier, told a...
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In this May 14, 2019 photo, packages of frozen beef filets from Australia, left, the United States, center, and Canada, right, are for sale at a supermarket in Beijing. China has too much at stake to destroy its trading relationship with Australia entirely but is using sanctions to send a sharp warning to the South Pacific nation about its calls for a robust coronavirus inquiry, an expert says. China has suspended beef imports from four Australian slaughterhouses and is threatening to impose huge tariffs on barley after Australia called for independent inquiry into the origins of the virus. (AP Photo/Mark Schiefelbein)
1010 WINS Newsroom
May 15, 2020 - 6:45 am
WELLINGTON, New Zealand (AP) — Trying to silence criticism over the coronavirus pandemic, China is deploying a well-used weapon — trade sanctions. Beijing has blocked some imports of Australian beef after Prime Minister Scott Morrison’s government, endorsed by Washington, called for a robust...
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House Speaker Nancy Pelosi of Calif., smiles during a news conference on Capitol Hill, Thursday, May 14, 2020, in Washington. (AP Photo/Andrew Harnik)
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May 14, 2020 - 10:10 pm
WASHINGTON (AP) — House Speaker Nancy Pelosi lashed out Thursday at Trump administration officials and congressional Republicans seeking to slow work on a fresh round of coronavirus relief. The White House responded minutes later with a threat that President Donald Trump would veto the $3 trillion...
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Mayor Michael Hancock listens as chief financial officer Brendan Hanlon speaks during a briefing in Denver on Thursday, May 14, 2020, on the state of the Denver's budget, city employee furloughs and the resumption of business after closures due to the coronavirus. (AAron Ontiveroz/The Denver Post via AP)
1010 WINS Newsroom
May 14, 2020 - 10:04 pm
DENVER (AP) — Denver Mayor Michael Hancock said Thursday that thousands of city employees, including himself, will be furloughed for eight days this year to help close what is expected to be a $226 million budget gap caused by the coronavirus, joining mayors across the country that have made the...
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People wearing masks wait in line for food donations Wednesday, May 13, 2020, in the Brooklyn borough of New York, during the coronavirus pandemic. (AP Photo/John Minchillo)
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May 14, 2020 - 3:53 pm
ALBANY, N.Y. (AP) — Large swaths of central and northern New York state that appear to be at low risk of a COVID-19 surge are poised to start to reopening Friday, Gov. Andrew Cuomo said, urging businesses to prepare plans to reduce the risk of spreading the virus. New York City is broadening the...
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This April 16, 2020 photo shows a real estate company sign marking a home for sale in Harmony, Pa. Long-term U.S. mortgage rates were mixed this week, continuing to hover near all-time lows. Mortgage buyer Freddie Mac reports that the average rate on the benchmark 30-year home loan edged up to 3.26% from 3.23% last week, which was the lowest level since Freddie started tracking rates in 1971. (AP Photo/Keith Srakocic)
1010 WINS Newsroom
May 14, 2020 - 3:43 pm
WASHINGTON (AP) — Long-term U.S. mortgage rates were mostly steady this week, hovering near all-time lows. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark 30-year home loan edged up to 3.28% from 3.26% last week. A year ago, the rate stood at 4.07%. The average...
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In this Thursday, April 30, 2020, photo storage tanks at a refinery along the Houston Ship Channel are seen with downtown Houston in the background. Like in other cities, the coronavirus has shut down much of Houston's economic activity, slashing thousands of jobs, while at the same time, the price of oil plunged below zero recently as demand plummeted due to the worldwide lockdown to stop the spread of the virus. This one-two punch from COVID-19 and the collapse in oil prices will make it much harder for Houston to recover from a looming recession, according to economists. (AP Photo/David J. Phillip)
1010 WINS Newsroom
May 14, 2020 - 3:21 pm
Almost 75% of small businesses in a survey applied for help from a federal loan program designed to keep workers employed during the coronavirus pandemic, but only 38% of small businesses received any money, according to survey results the U.S. Census Bureau released Thursday. Oil extraction and...
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A woman looks at signs at a store closed due to COVID-19 in Niles, Ill., Wednesday, May 13, 2020. (AP Photo/Nam Y. Huh)
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May 14, 2020 - 11:05 am
WASHINGTON (AP) — Nearly 3 million laid-off workers applied for U.S. unemployment benefits last week as the viral outbreak led more companies to slash jobs even though most states have begun to let some businesses reopen under certain restrictions. The wave of layoffs has heightened concerns that...
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German Finance Minister Olaf Scholz addresses the media during a press conference in Berlin, Germany, Thursday, May 14, 2020. (AP Photo/Michael Sohn, pool)
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May 14, 2020 - 10:05 am
BERLIN (AP) — The German government’s tax revenue is likely to sink by 81.5 billion euros ($88.4 billion) this year as a result of the coronavirus crisis, the first drop since the financial crisis a decade ago, according to an official estimate released Thursday. A twice-yearly assessment by tax...
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FILE - This undated file photo shows the Trans-Alaska pipeline and pump station north of Fairbanks, Alaska. The future of Alaska's unique program of paying residents an annual check is in question, with oil prices low and an economy struggling during the coronavirus pandemic. (AP Photo/Al Grillo, File)
1010 WINS Newsroom
May 14, 2020 - 9:41 am
JUNEAU, Alaska (AP) — Alaska has no income or statewide sales taxes, and it cuts residents a check every year from its oil wealth. But the future of that unique payout is in question amid low oil prices and an economy battered by the coronavirus pandemic. The size of the check — expected to be...
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