ECB gives banks relief from penalty rate with tiered system

Euro zone banks will be exempted from paying the European Central Bank a penalty charge on idle cash worth six times their mandatory reserves, the ECB said on Thursday.
Load more
Read full article on:
Aaron Boone ejected after losing it on ump in Yankees’ nightcap
The heat got turned up in the temperature-controlled Tropicana Field on Saturday. Yankees manager Aaron Boone and hitting coach Marcus Thames received fifth-inning ejections from home-plate umpire Vic Carapazza in Game 2 of the doubleheader. Bench coach Carlos Mendoza assumed manager duties. The ejections appeared to be related to a number of high-and-tight pitches that...
4 m
'Everything is gone.' Flooding in China ruins farmers and risks rising food prices
By this time of year, the rice growing on Bao Wentao's family farm should have been ready to harvest.
MLS season to resume with LAFC and Galaxy meeting twice in five games
Major League Soccer will resume its regular season Aug. 12 with its 26 teams playing in their home markets, possibly in front of fans.
Giants already getting behind Daniel Jones’ leadership style
For all the respect and admiration heaped on Eli Manning, many of the younger players on offense, especially the wide receivers and running backs, gravitated last season to the newcomer, Daniel Jones, who was quickly accepted as one of their own. This made sense. Manning, more than 15 years older than several teammates, in many...
One-in-Three Americans Would Decline a Free COVID-19 Vaccine
Anthony Fauci said the chances of a coronavirus vaccine “being 98 percent effective is not great.”
Trump supporters march in peaceful demonstration in Beverly Hills
Demonstrators carried "Trump 2020" banners, American flags and signs saying "United We Stand."
WATCH: Bikers Gather for 'Bikers Backing Blue' Rally in Fort Worth
More than 100 people and bikers gathered Saturday on the Tarrant County Courthouse's steps in Fort Worth, Texas, to show support for law enforcement.
What's in President Trump four coronavirus relief executive orders?
President Trump Saturday signed four executive orders to provide Americans financial relief from the ongoing coronavirus pandemic. Here's what they say.
Georgia family says cops shot at a car full of unarmed children, report says
A Georgia family said cops shot at a car full of black children, one as young as 9, according to a report. The incident unfolded in Waycross, Ga. as five youngsters, ranging in age from 9 to 16, were headed home from a Walmart about 8 a.m. Saturday and a police car started to follow...
Researchers created a test to determine which masks are the least effective
Schools are reopening, amusement parks are welcoming back visitors, and outdoor dining is the new way to eat out. But despite the signs that life is returning back to normal, the coronavirus pandemic has gone nowhere.
Trump halts payroll tax, extends jobless benefits
Seizing the power of his podium and his pen, US President Donald Trump on Saturday moved to bypass the nation's elected lawmakers as he claimed the authority to defer payroll taxes and extend an expired unemployment benefit. (Aug. 8)
For Gavin Tucker, getting caught with his pants down was a good thing
Gavin Tucker was losing his fight with Justin Jaynes until his shorts fell down. Then he cruised to victory.        Related Stories5 burning questions heading into UFC on ESPN+ 32UFC on ESPN+ 32 discussion threadUFC on ESPN+ 32 play-by-play and live results (6 p.m. ET)
New York activist turned himself in Saturday after standoff with police on Friday ended in no arrest
A Black Lives Matter protester turned himself in Saturday after the New York Police Department attempted to arrest him on Friday -- sending a large number of officers to his apartment allegedly without a warrant.
Diana Taurasi suffers injury as Seattle Storm ends Phoenix Mercury's win streak
Mercury star Diana Taurasi suffered what is being called a muscle injury in her hip with 5:22 left and gingerly walked off the court at IMG Academy.
Aaron Boone: Struggling Gary Sanchez ‘more in the fight’ now
By the time the Yankees completed their 8-4 victory over the Rays at Tropicana Field in Game 1 of Saturday’s doubleheader, Gary Sanchez no longer was trending on Twitter. On this front, the Yankees will take progress where they can find it. The human trending topic endured another rough game amidst a rough season, most...
Rep. Walker calls for Falwell's resignation from Liberty University
Rep. Mark Walker, R-N.C., called for the resignation of Liberty University president Jerry Falwell Jr. after images surfaced of him on a yacht with his arm around a woman and their pants unzipped.
Trump leaves press conference when pressed on Veteran's Choice misinformation
CBS News' Paula Reid confronts President Trump over his claims he passed Veterans Choice. Reid pointed out that the measure was passed under the Obama administration in 2014
1 h
Maxine Waters: Biden ‘can’t go home without a Black woman being VP’
Rep. Maxine Waters expressed confidence that a Black woman would be on the Democratic ticket as vice president. 
1 h
As NYC luxe markets wane, ‘Million Dollar Listing’ broker eyes New Zealand
While Manhattan’s luxury real estate market is struggling these days, one top broker is shilling a property in New Zealand. Ryan Serhant of Nest Seekers International, who shot to fame as broker to the ultra-wealthy in Bravo TV’s series “Million Dollar Listing New York,” is pitching a “billionaire’s retreat in COVID-free New Zealand,” according to...
1 h
Over 350 cars stopped at random NYC checkpoints to enforce quarantine rules
The stops were made from Wednesday through Friday at bridges and tunnels, according to the mayor's office, which also said that 1,100 masks were distributed.
1 h
Seimone Augustus gives Sparks what they need and ready to remind Lynx what they lost
After 14 seasons with Minnesota, Seimone Augustus has given the Sparks a needed veteran presence. On Sunday, she will play against the Lynx for the first time.
1 h
LSU's Neil Farrell Jr. opts out after COVID-19 hits family hard as season prospects dim
LSU starting senior defensive end Neil Farrell Jr. has decided not to play the 2020 season after COVID-19 hit his family hard.        
1 h
Trump just signed 4 executive orders providing coronavirus relief. It’s not clear if they’re all legal.
President Donald Trump displays an executive order at his club in Bedminster, New Jersey. | Jim Watson/AFP/Getty Images Trump’s authority to circumvent Congress on issues like unemployment insurance is questionable. President Donald Trump signed four executive orders meant to provide coronavirus relief on Saturday, including a measure to extend federal enhanced unemployment benefits and a moratorium on housing evictions. Trump’s use of executive authority comes after Senate Republicans and House Democrats failed to settle on the contents of the US’s next coronavirus relief package in more than two weeks of contentious negotiations. In those negotiations, Democrats hoped to extend the $600 federal unemployment insurance benefit created by the CARES Act, to broaden the scope of eligibility for stimulus checks, and to expand federal aid to states and cities. Republicans were divided in their goals, with Trump pushing for a payroll tax cut many in his party weren’t in favor of; some Senate Republicans advocating for a reduced employment benefit and limited aid to cities and states; and other Republicans demanding that the federal government not go into further debt with relief packages. Saturday, Trump cast lawmakers’ inability to reach a deal as Democrats’ fault, and in a press conference at his private golf club in Bedminster, New Jersey, that featured wide-ranging attacks on his political rivals and the press, announced the four executive orders. It remains unclear whether Trump has the legal authority to unilaterally fulfill all of the specific pledges he made during his announcement, however. The first order addresses the unemployment insurance issue. As Vox’s Li Zhou and Ella Nilsen have reported, about 32 million Americans depended on the federal program to boost state unemployment payments to levels that made paying their bills possible. That program expired on July 31, leaving August’s bill payments in doubt. Trump’s order would give unemployed people an expanded benefit of $400 per week, but exactly when they can expect to receive these benefits is unclear — as are the overall specifics. Trump said that $300 of the expanded benefit will be paid by the federal government, and $100 of it would be provided by states. But due to the pandemic-induced recession and inadequate federal aid, many states are bleeding money and being forced to cut back on vital social services; some political observers say it’s hard to envision how some states would be able to foot the bill for their quarter of the extra unemployment insurance. It’s also unclear where exactly the federal funds would come from. Another issue with the order is its questionable legality, some experts note. “I seriously have been running through all I know about [unemployment insurance] and cannot figure out a single legal way to increase it through [executive order],” tweeted Michele Evermore, a senior policy analyst at the National Employment Law Project. A payroll tax holiday was a key White House priority in the bipartisan stimulus negotiations; Democrats and some Republicans were against it. But Trump announced he would institute a tax holiday for Americans earning less than $100,000 per year. The holiday would retroactively be in force starting August 1, and last through December. Trump added he would seek to make that payroll tax cut permanent if reelected president. The third action is a reinstatement of a federal moratorium on housing evictions, which expired in July, leaving an estimated 12 million renters in danger of losing their homes. The protection will last through the end of the year, as does the benefit extended by the fourth order: keeping student loan interest at 0 percent, and freezing loan payments. Trump framed his signing of the executive actions as an attempt to break gridlock, and a necessary maneuver for ending Democratic stonewalling in negotiations. “[House Speaker] Nancy Pelosi and [Senate Minority Leader] Chuck Schumer have chosen to hold this vital assistance hostage,” Trump said during his announcement on Saturday. Senate Majority Leader Mitch McConnell immediately backed Trump’s move, and took a swipe at Democrats. “I am glad that President Trump is proving that while Democrats use laid-off workers as political pawns, Republicans will actually look out for them,” he said in a statement on Saturday. When first floating the idea of the executive orders, Trump dismissed concerns about lawsuits over the legality of the move, and did so again Saturday, predicting that any legal challenge “will go very rapidly through the courts.” An analysis by Reuters’ Patricia Zengerle written in advance of Trump’s executive actions took a different view, noting, “The Constitution puts control of federal spending in the hands of Congress, not the president, so Trump does not have the legal authority to issue executive orders determining how money should be spent on coronavirus. Democrats said executive orders would prompt a court fight, but legal action could take months.” Trump suggested Saturday that lawsuits will not materialize, saying, “If we get sued, it’s somebody that doesn’t want people to get money, okay, and that’s not going to be a very popular thing” — seeming to suggest that if Democrats issue legal challenges to the executive orders, Republicans will argue Democrats are depriving the public of something badly needed. But there may be an advantage to interrogating the legality of the orders. Democrats have a political interest in maintaining leverage through the legislative process: If a court rules relief has to come through Congress, then Democrats can get more of what they actually want into the final relief law, including things like robust aid to states and cities, funding for the November election, and potentially more money for enhanced unemployment insurance. Support Vox’s explanatory journalism Every day at Vox, we aim to answer your most important questions and provide you, and our audience around the world, with information that has the power to save lives. Our mission has never been more vital than it is in this moment: to empower you through understanding. Vox’s work is reaching more people than ever, but our distinctive brand of explanatory journalism takes resources — particularly during a pandemic and an economic downturn. Your financial contribution will not constitute a donation, but it will enable our staff to continue to offer free articles, videos, and podcasts at the quality and volume that this moment requires. Please consider making a contribution to Vox today.
1 h
Hamptons crackdown continues with Marram hotel the latest target
Bridgeton Holdings’ Marram hotel is the latest target.
1 h
Knicks interested in Kentucky assistant Kenny Payne joining coaching staff
Knicks president Leon Rose didn’t bring John Calipari to New York, but he could add the Kentucky coach’s right-hand man. Wildcats associate head coach Kenny Payne told the Lexington Herald-Leader that the Knicks have expressed interest in hiring him as an assistant coach on Tom Thibodeau’s staff. Payne is weighing an offer, according to Stadium’s...
1 h
Cryptocurrency ‘fraud’ sues T-Mobile for letting him get hacked
Reginald Middleton, who was ordered to pay a $1M SEC fine last year for allegedly misleading investors about his company Veritaseum, claims T-Mobile let a hacker take over his cell number.
1 h
Blazers' Damian Lillard claps back at Clippers' Patrick Beverley and Paul George for taunts
Blazers star Damian Lillard didn't hold back after the Clippers' Patrick Beverley and Paul George taunted him for missing a pair of late free throws.        
1 h
Luxury Miami high-rise using robots to zap out COVID-19
Call it the coronavirus terminator.
1 h
Andrew McCarthy: Should Judge Sullivan be disqualified from Michel Flynn case?
The federal judge in the Michael Flynn case is refusing to allow the Justice Department to drop the prosecution of the former national security adviser.
1 h
CNN reporters break down Donald Trump's executive orders
President Donald Trump signed four executive orders aimed at helping millions of Americans facing financial difficulties from the coronavirus pandemic. CNN's Kristen Holmes and Daniel Dale have the latest.
1 h
Man launches expletive-filled tirade at restaurant staff for taking too long to prepare his to-go meal
A video posted to Facebook on Friday shows a man screaming at restaurant workers in Blind Bay, British Columbia.
1 h
Bear follows two men home in Alaska, destroys family’s house
While the children and Norman Lott’s wife tried to hide, the men started yelling at the bear who reared up and lunged at McVey and Lott.
2 h
Trump orders more unemployment pay and tax deferral
President Donald Trump moved to bypass the nation's elected lawmakers as he claimed the authority to defer payroll taxes and extend an expired unemployment benefit after negotiations with Congress on a new coronavirus rescue package collapsed. (Aug. 8)       
2 h
NHL vet Jeremy Roenick on players kneeling: 'The flag means more to me'
Professional athletes kneeling in protest during the national anthem continues to not sit well with former National Hockey League (NHL) All-Star Jeremy Roenick, who appeared on "Watters' World" Saturday.
2 h
Ohio governor tests negative for coronavirus a second time
DeWine first tested positive​ for the coronavirus when he was tested ahead of meeting President Trump, as per the current protocol.
2 h
Biden Risks Alienating Key Constituencies with Running Mate Choice
Former Vice President Joe Biden will soon make national headlines by unveiling his running mate, but many of the candidates in contention are likely to pose major political risks for the presumptive nominee's White House ambitions. 
2 h
Down for the count: Conor McGregor engaged to longtime love Dee Devlin
That ring is a total knockout!
2 h
UFC on ESPN+ 32: Official scorecards from Las Vegas
Check out the official scorecards from all 12 fights at UFC on ESPN+ 32 at the UFC Apex in Las Vegas.       Related StoriesSabah Homasi def. Curtis Millender at Bellator 243: Best photosMyles Jury def. Georgi Karakhanyan at Bellator 243: Best photosTimothy Johnson def. Matt Mitrione at Bellator 243: Best photos 
2 h
A dog has been mayor of this California town for 8 years
It’s a ruff job — but some dog’s got to do it! Max II, formally known as Maximus Mighty-Dog Mueller II, an adorable Golden Retriever, isn’t just an Instagram influencer, he’s the mayor of Idyllwild, California. And he’s got important business. “We Mayors of Idyllwild all just got to go to the Dairy Queen, and...
2 h
Chinese fleet fishing near Galapagos protected waters, allegedly falsifying GPS location
The fleet has operated for weeks in the area, possibly with illegal activity.
2 h
Ukraine offering prisoners upgrades to luxury VIP cells — with a price
Justice Minister Denys Malyuska promoted the certificates as a “potential birthday present for officials and politicians,” according to the BBC.
2 h
UFC on ESPN+ 32: Best photos from Las Vegas
Check out these photos from the fights at UFC on ESPN+ 32 at the UFC Apex in Las Vegas.       Related StoriesUFC on ESPN+ 32: Official scorecards from Las VegasSabah Homasi def. Curtis Millender at Bellator 243: Best photosMyles Jury def. Georgi Karakhanyan at Bellator 243: Best photos 
2 h
Inside Prince Harry’s birthday party for Meghan Markle
Harry cooked Meghan a three-course dinner.
2 h
Black and Hispanic children are impacted more severely by coronavirus, research shows
Black and Hispanic children are impacted more severely by coronavirus, with higher case rates, hospitalizations and virus-related complications, according to research released this week. These findings mirror similar reports across the nation of adults in minority communities being hit harder by Covid-19.
2 h
Trump extends unemployment benefits through executive order but cuts aid to $400 per week: What we know
Through a series of executive orders, President Trump is providing unemployment aid, suspending student loan payment and cutting payroll taxes.       
2 h
#Caturday Catfight! Carole Baskin vs. Cardi B and Megan Thee Stallion
Baskin said the video glamorizes keeping big cats as pets and makes "every ignorant follower want to imitate by doing the same."
2 h
This wanted mobster ‘killed enough people to fill a small cemetery’
Few would recognize Matteo Messina Denaro on the street, but the Cosa Nostra leader is one of the most sought-after fugitives on the planet. His reign of terror amped up in 1993, after authorities tracked down and arrested Sicilian mafia boss Salvatore “Toto” Riina, who had spent 23 years on the lam, in Palermo, Italy....
2 h
Democrats Decry “Sabotage” After “Friday Night Massacre” at Postal Service
A broad leadership shakeup at the United States Postal Service gives more power to Postmaster General Louis DeJoy when he is under increased scrutiny.
2 h