Economy

Brazil soccer fans react after their team lost 2-1 to Belgium in a World Cup quarter final soccer match in Rio de Janeiro, Brazil, Friday, July 6, 2018. Belgium knocked Brazil out of the World Cup and advanced to the semi-finals. (AP Photo/Silvia Izquierdo)
July 06, 2018 - 7:12 pm
RIO DE JANEIRO (AP) — Brazilian fans hugged, teared up and hung their heads Friday after their national team was knocked out of the World Cup by Belgium. The stinging 2-1 defeat came just as the Selecao, as the team is known, had begun to gather steam, and Brazilians dared to hope that a victory...
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In this photo taken on Tuesday, June 26, 2018, Two municipal workers stand ready to clean an area ahead of the Denmark-France World Cup match at Moscow's Luzhniki Stadium in Moscow, Russia, Tuesday, June 26, 2018. Legions of migrant workers, most of them are from Central Asia and elsewhere are the unsung heroes of Russia's World Cup, endlessly cleaning stadium grounds and fan zones but unable to watch the world-class soccer unfolding in their midst. (AP Photo/Alexander Zemlianichenko)
July 05, 2018 - 8:57 am
MOSCOW (AP) — Behind the veneer of Russia's smooth-running World Cup are legions of migrant workers from Central Asia, who built the stadiums and keep them running, staff concession stands, and clean up after fans who revel through city streets. They are among millions of migrants who perform...
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In this photo taken on Friday, June 29, 2018, tourists and soccer fans walk in the State Shop, GUM, decorated with giant soccer balls during the 2018 soccer World Cup in Moscow, Russia. The World Cup is sending business surging across the 11 Russian cities hosting soccer’s biggest show. Bars, taxi services, dumpling sellers and nesting doll vendors are among those benefiting. The Russian president was counting on just such a boost after U.S. and European sanctions and low oil prices sank the country into recession. But experts warn the boon won’t last long without deeper economic reforms. (AP Photo/Alexander Zemlianichenko)
June 30, 2018 - 7:25 am
MOSCOW (AP) — Moscow's beer kegs are emptying fast and demand for Vladimir Putin T-shirts is overwhelming St. Petersburg street vendors as the World Cup sends business surging across the 11 Russian cities hosting soccer's biggest show. The Russian president was counting on just such a boost after U...
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June 27, 2018 - 4:37 am
MOSCOW (AP) — Russia has increased its government subsidies for the World Cup by $13 million amid concerns over the legacy of the tournament. Two government orders allocate an extra 481.6 million rubles ($7.6 million) for temporary World Cup infrastructure and 334.2 million rubles ($5.3 million) to...
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In this video grab provided Tuesday June 26, 2018, by the Ramzan Kadyrov Press Service, shows Egypt forward Mohamed Salah and Chechen leader Ramzan Kadyrov while attending a banquet in Grozny, Russia, Friday, June 22, 2018. Mohamed Salah, who has been at the center of a controversy involving his "honorary citizenship" from Chechen leader Ramzan Kadyrov, got one goal Monday in his team's 2-1 loss to Saudi Arabia. (Ramzan Kadyrov Press Service via AP)
June 26, 2018 - 3:11 pm
VOLGOGRAD, Russia (AP) — Egypt's disappointing World Cup run plunged a nation already fatigued by economic hardship and political woes deeper into misery. The one man who appears to be easing the country's frustration and heartache is Mohamed Salah, who seems to be getting unconditional love from...
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FILE - This is a June 29, 2016, file photo showing Boris Becker at the Wimbledon Tennis Championships in London. Lawyers for Becker claimed in Britain’s High Court late Thursday June 14, 2018, that Becker's role as a sports attache for the Central African Republic gives him diplomatic immunity from bankruptcy proceedings.(AP Photo/Ben Curtis, FILE)
June 15, 2018 - 10:21 am
LONDON (AP) — Retired German tennis star Boris Becker is claiming his unpaid role as a sports attache for Central African Republic gives him diplomatic immunity from bankruptcy proceedings in Britain. The three-time Wimbledon champion took up the attache role in April. His lawyers claimed in...
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The Red October factory buildings, right, are seen next to the new the World Cup stadium, left, on the banks of the Volga River in Volgograd, Russia, Friday, June 15, 2018. Workers at the Red October steelworks in Volgograd are angry over temporary layoffs linked to the World Cup and deeper financial troubles at the factory, which sits in the shadow of the Volgograd Arena tournament venue. The situation reflects difficult daily reality in Russia even as President Vladimir Putin seeks to showcase his economic successes. (AP Photo/Dmitriy Rogulin)
June 15, 2018 - 7:44 am
VOLGOGRAD, Russia (AP) — Beneath Volgograd's baking early morning sun, clouds of midges pester factory workers at the Red October steelworks as they clock in. These workers are the lucky ones — they're still employed, while many of their colleagues were temporarily laid off because of the World Cup...
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Russian President Vladimir Putin gestures while answering a question during his annual call-in show in Moscow, Russia, Thursday, June 7, 2018. Putin hosts call-in shows every year, which typically provide a platform for ordinary Russians to appeal to the president on issues ranging from foreign policy to housing and utilities. (Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP)
June 07, 2018 - 6:46 am
MOSCOW (AP) — Russian President Vladimir Putin says Russia's 12 World Cup stadiums must be financially self-sustaining, following calls from some officials for government subsidies. "All the facilities need to be able to cover their costs," Putin said during an annual phone-in on Thursday. He...
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In this photo taken on Wednesday, June 28, 2017 an inside view of of the refurbished Luzhniki stadium in Moscow, Russia. (AP Photo/Denis Tyrin)
June 05, 2018 - 8:48 am
MOSCOW (AP) — Russia's World Cup is spread across 12 stadiums in 11 host cities. They range from St. Petersburg, which is so far north that the sun doesn't set on some summer days, to Sochi and its subtropical climate on the Black Sea coast. Cost rises, worker deaths, and corruption have marred the...
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FILE - In this Friday, Dec. 1, 2017 file photo, Russian President Vladimir Putin speaks at the 2018 soccer World Cup draw in the Kremlin in Moscow. Vladimir Putin’s Russia was always going to be a controversial host, but few could have imagined the situation that greets the 2018 World Cup. The annexation of Crimea, alleged U.S. election interference, the war in Syria and a poisoned spy in Britain are just a few of the storms surrounding the Kremlin before Putin officially declares the tournament open June 14. (AP Photo/Ivan Sekretarev, File)
June 05, 2018 - 7:54 am
MOSCOW (AP) — Vladimir Putin's Russia was always going to be a controversial host, but few could have imagined the turbulent situation that greets the 2018 World Cup. The annexation of Crimea, alleged U.S. election interference, the war in Syria and a poisoned spy in Britain are just a few of the...
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