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MONEY NEWS FROM THE ASSOCIATED PRESS

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  • Stimulus money could pose dilemmas in nursing homes

    NEW YORK (AP) — Nursing home residents are among the Americans getting $1,200 checks as part of the U.S. government’s plan to revive the economy. But with many long-term care facilities under lockdown to prevent COVID-19 outbreaks, what are the rules around how the money is handled? The situation underscores the vulnerability of many elderly […]
  • The Latest: S Korea has 60-plus new virus cases for 3rd day

    SEOUL, South Korea — South Korea has recorded 60-plus COVID-19 cases for a third consecutive day, a continuation of a virus spread beyond the greater Seoul area. The Korea Centers for Disease Control and Prevention said Sunday it has confirmed 61 additional cases, bringing the national total to 13,091. It says the death toll remained […]
  • Trump, Biden fight for primacy on social media platforms

    WASHINGTON (AP) — On an average day, President Donald Trump sends about 14 posts to the 28 million Facebook followers of his campaign account. His Democratic rival, Joe Biden, delivers about half that many posts to an audience of just 2 million. The numbers are similarly skewed in other spheres of the social media landscape. […]
  • Asia Today: 3,000 Australians in Melbourne in hard lockdown

    MELBOURNE, Australia (AP) — Australia’s Victoria state recorded 108 new coronavirus cases Saturday, forcing authorities to lock down nine public housing towers and three more Melbourne suburbs. Victoria Premier Daniel Andrews said 3,000 people in the housing towers will go into “hard lockdown,” meaning “there will be no one allowed in … and no one […]
  • Mexico reverses some openings as virus cases continue high

    MEXICO CITY (AP) — Mexico’s coronavirus outbreak rose by about 6,740 newly confirmed cases Friday for a second straight day, while 654 more deaths raised the country’s total to 29,843. The number of deaths is the sixth-highest highest in the world, and Mexico is just a few dozen from overtaking France for the fifth-highest death […]
  • As Texas reverses course on masks, GOP digs in on convention

    AUSTIN, Texas (AP) — As Texas began mandating face coverings Friday on the orders of Republican Gov. Greg Abbott, his party charged ahead with plans for a massive convention this month in Houston, magnifying the conflicting responses in the Texas GOP to a rampant resurgence of the coronavirus. Abbott, governor of America’s biggest red state, […]
  • Nigerian man charged with cyber fraud against US companies

    CHICAGO (AP) — A Nigerian national appeared in federal court in Chicago Friday accused of orchestrating an international cyber fraud scheme that federal prosecutors say defrauded U.S. businesses in six states out of tens of millions of dollars. Olalekan Jacob Ponle, 29, originally of Lagos, Nigeria, was arrested last month in the United Arab Emirates, […]
  • Second wave of virus closures wallops California restaurants

    LOS ANGELES (AP) — Homayoun Dariyani was training servers and cooks for his soon-to-open gourmet hamburger grill in March when California abruptly shut down dine-in restaurants to slow the spread of the coronavirus. After a three-month delay, Dariyani held the grand opening for Slater’s 50/50 on June 18 after the state allowed restaurants to operate […]
  • Ukraine’s parliament accepts chief banker’s resignation

    KYIV, Ukraine (AP) — Ukraine’s parliament on Friday accepted the resignation of the country’s top banker, who has stepped down citing political pressure. National Bank head Yakiv Smolii submitted his letter of resignation Wednesday, pointing at “systematic political pressure” as the reason for his decision. Ukrainian President Volodymyr Zelenskiy quickly accepted it and asked lawmakers […]
  • CEO of ailing Commerzbank offers to resign, chairman quits

    BERLIN (AP) — Germany’s ailing Commerzbank says its chief executive, Martin Zielke, has offered his resignation and its chairman has announced he’s stepping down next month. In a statement Friday after market trading ended, Commerzbank said a recommendation was made to “mutually terminate” Zielke’s appointment as board member and chairman of the board of managing […]