Latest Financial crisis News

Riot police sprayed anti-government protesters with water cannons as they try to cross to the central government building during ongoing protests in Beirut, Lebanon, Saturday, Jan. 25, 2020. Hundreds of Lebanese gathered outside the central government building to reject the newly formed Cabinet, while some protesters breached tight security erected around it, removing a metal gate and barbed wire prompting a stream of water cannons from security forces. (AP Photo/Bilal Hussein)

Lebanese protesters rally downtown despite enhanced security

Jan. 25, 2020 1:33 PM EST

BEIRUT (AP) — Hundreds of Lebanese gathered outside Beirut's central government building Saturday to reject the newly formed Cabinet. Protesters breached tight security around the building, removing a metal gate and barbed wire and prompting security forces to respond with water cannon and tear gas. The...

Fitch upgrades Greek credit rating by 1 notch to BB

Jan. 24, 2020 6:51 PM EST

ATHENS, Greece (AP) — Fitch ratings agency on Friday raised Greece's credit rating by one notch to BB with a positive outlook, implying that a further upgrade could come in the future. The country emerged from a ten-year financial crisis in 2018, and its credit is still rated between two and four notches...

Oklahoma unemployment rate steady; slowdown projected

Jan. 24, 2020 2:50 PM EST

OKLAHOMA CITY (AP) — Oklahoma's unemployment rate held steady last month at 3.4% and the state's economic slowdown is projected to continue in 2020, state officials reported Friday. Oklahoma's 3.4% seasonally adjusted unemployment rate remains just below the national average of 3.5%, the Oklahoma...

A man rides his bicycle next to a concrete wall installed by authorities to blocks a road leading to the parliament building, in downtown Beirut, Lebanon, Friday, Jan. 24, 2020. Arabic on the wall reads

Lebanon at a crossroads after 100 days of protests

Jan. 24, 2020 1:35 PM EST

BEIRUT (AP) — When Nazih Khalaf heard that protests were taking place Oct. 17 in Lebanon’s capital over government plans to impose new taxes, he was just returning from south of Beirut where he’d been working to put out deadly wildfires that had been raging for days. The 42-year-old media...

Idaho budget committee OKs increase in rainy-day funds

Jan. 24, 2020 11:24 AM EST

BOISE, Idaho (AP) — The amount of money in Idaho's rainy-day fund that serves as a cushion against a potential economic downturn would increase under proposed legislation put forward Friday. The Legislature's powerful budget-setting committee followed Republican Gov. Brad Little's recommendation and voted...

Zimbabwe VP scolded for using soldiers in divorce dispute

Jan. 24, 2020 9:58 AM EST

HARARE, Zimbabwe (AP) — A Zimbabwean judge on Friday described as “frightening” the use of soldiers by the country’s vice president in a divorce-related dispute, and ruled that his wife should regain custody of their children and be allowed to access the family’s luxury home. ...

Greece to change election law, abandon proportional system

Jan. 24, 2020 7:28 AM EST

ATHENS, Greece (AP) — Greece's parliament is set to approve a proposal by the country's center-right government to abolish an election system based on proportional representation but is likely to fall short of the cross-party support needed for the changes to take effect before the next general election....

Wisconsin tax collections up $818 million above projections

Jan. 23, 2020 3:30 PM EST

MADISON, Wis. (AP) — Wisconsin tax collections are expected to come in more than $818 million above projections made last summer, an increase reported Thursday that will fuel the push to make an election year tax cut. Republicans who control the Legislature are discussing a tax cut, while Democratic Gov....

Lebanese men pass in front of a coffee shop that was smashed by anti-government protesters, during a protest against the new government, in downtown Beirut, Lebanon, Wednesday, Jan. 22, 2020. Lebanon's new government, made up of members nominated by the Shiite group Hezbollah and its allies got down to business Wednesday, a day after it was formed. Questions arose immediately about its ability to halt a spiral of economic and political collapse. (AP Photo/Hussein Malla)

New Lebanese minister says he won't permit attacks on police

Jan. 23, 2020 12:56 PM EST

BEIRUT (AP) — Lebanon's new interior minister said Thursday he won't permit attacks on security forces amid angry rioting that has gripped the country's capital amid a deepening economic crisis. Mohammed Fahmi spoke during a handover ceremony from the outgoing minister, two days after an emergency...

President of European Central Bank Christine Lagarde smiles prior to a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, Jan. 23, 2020. (AP Photo/Michael Probst)

European Central Bank holds rates, launches policy review

Jan. 23, 2020 11:54 AM EST

FRANKFURT, Germany (AP) — The European Central Bank has decided to launch a top-to-bottom review of how it steers the economy in the 19 countries that use the euro currency. The review, the first since the global financial crisis, could include tweaking the bank's goal for inflation and finding ways to...