• In this Dec. 16, 2015, file photo, Puerto Rico Gov. Alejandro Javier Garcia Padilla speaks at a luncheon at the National Press Club in Washington. Garcia said on Sunday, May 1, 2016, that negotiators for the U.S. territory’s government have failed to reach a last-minute deal to avoid a third default and that he has issued an executive order to withhold payment. (AP Photo/Sait Serkan Gurbuz, File)

    Puerto Rico won’t make $370 million in debt payments Monday

    SAN JUAN, Puerto Rico (AP) — A spiraling Puerto Rico debt crisis reached a new milestone as the island missed nearly $370 million on a bond payment Monday and officials warned of worse to come if the U.S. Congress doesn’t help it dig out from a mountain of debt.

  • In this Wednesday, July 29, file 2015 photo, the Puerto Rican flag flies in front of Puerto Rico’s Capitol as in San Juan, Puerto Rico. Puerto Rico Gov. Alejandro Javier Garcia Padilla said on Sunday, May 1, 2016, that negotiators for the U.S. territory’s government have failed to reach a last-minute deal to avoid a third default and that he has issued an executive order to withhold payment. (AP Photo/Ricardo Arduengo, File)

    Q&A: Puerto Rico’s debt crisis explained

    NEW YORK (AP) — Puerto Rico’s debt crisis reached a new level late Sunday, when the island’s governor said Puerto Rico would not pay most of its $470 million in debt payments that are due by Monday.

  • In this Dec. 16, 2015, file photo, Puerto Rico Gov. Alejandro Javier Garcia Padilla speaks at a luncheon at the National Press Club in Washington. Garcia said on Sunday, May 1, 2016, that negotiators for the U.S. territory’s government have failed to reach a last-minute deal to avoid a third default and that he has issued an executive order to withhold payment. (AP Photo/Sait Serkan Gurbuz, File)

    Puerto Rico won’t make $370 million in debt payments Monday

    SAN JUAN, Puerto Rico (AP) — Gov. Alejandro Garcia Padilla announced that Puerto Rico’s government will not make nearly $370 million in bond payments due Monday after a failure to restructure or find a political solution to the U.S. territory’s spiraling public debt crisis.

  • Correction: Venezuela-Minimum Wage story

    CARACAS, Venezuela (AP) — In a story April 30 about (topic), The Associated Press reported erroneously that the black market value of the new wage is about $50. The black market value is about $13.50.

  • In this Monday, April 25, 2016 photo, construction employees work at The Asbury hotel in Asbury Park, N.J. The Asbury, the first new hotel in more than 50 years is set to open in Asbury Park at the end of May. (AP Photo/Mel Evans)

    Greetings from Asbury Park, opening first hotel in 50 years

    ASBURY PARK, N.J. (AP) — In a story May 1 about a new hotel set to open in Asbury Park, The Associated Press reported erroneously on one of the reasons visitor Madeleine Berk loves the city. She cited the music scene, not the food.

    Updated: 10:57 am

  • In this Saturday, Oct. 10, 2015 file photo,  North Korean leader Kim Jong Un waves at a parade in Pyongyang, North Korea. North Korea is preparing to hold a once-in-a-generation congress of its ruling party that is intended to rally the nation behind leader Kim Jong Un and could provide an important glimpse into Kim’s plans for the country’s economy and military. The congress is set to begin May 6, 2016. (AP Photo/Wong Maye-E, File)

    North Korea party congress to show unity around Kim Jong Un

    TOKYO (AP) — North Korea is preparing to hold a once-in-a-generation congress of its ruling party that is intended to rally the nation behind leader Kim Jong Un and could provide an important glimpse into Kim’s plans for the country’s economy and military.

  • A worker carries spray bottles of gel fuel to help the burning, as he walks past pyres of ivory that were set on fire in Nairobi National Park, Kenya Saturday, April 30, 2016. Kenya's president Saturday set fire to 105 tons of elephant ivory and more than 1 ton of rhino horn, believed to be the largest stockpile ever destroyed, in a dramatic statement against the trade in ivory and products from endangered species. (AP Photo/Ben Curtis)

    Kenya to burn huge pile of ivory tusks to protest poaching

    NAIROBI, Kenya (AP) — Kenya’s president set fire Saturday to 105 tons of elephant ivory and more than 1 ton of rhino horn, believed to be the largest stockpile ever destroyed, in a dramatic statement by this East African country against the trade in ivory and products from endangered species.

  • Eurozone economy at a glance: 2008 and now

    LONDON (AP) — The eurozone economy has grown back to the size it was back in 2008, according to new figures. Here is a look at some other key indicators for the 19-country bloc, its best- and worst-off member states, and other major economies.

  • This July 31, 2012 file photo shows the euro sculpture in front of the headquarters of the European Central Bank, ECB, in Frankfurt, Germany. The eurozone economy has finally recouped all the ground lost in the recessions of the past eight years after official figures Friday April 29, 2016. showed that the 19-country single currency bloc expanded by a quarterly rate of 0.6 percent in the first three months of the year. (AP Photo/Michael Probst, File)

    Eurozone economy regains size of 2008 but remains shaky

    LONDON (AP) — It’s been a long and tortuous journey, but the eurozone economy is finally back to the size it was before the global financial crisis.

  • This May 11, 2007 file photo shows a Wall Street sign in front of the flag-draped facade of the New York Stock Exchange. Global stock markets mostly fell Friday, April 29, 2016,  after Wall Street slid and Japan's central bank surprised markets by putting off possible additional stimulus. (AP Photo/Richard Drew, File)

    US stocks skid on weak health care results; Europe slumps

    NEW YORK (AP) — U.S. stocks fell Friday as health care and technology companies continued to report weak first-quarter results, but thanks to some late buying, they managed to avoid major losses.