Latest Financial crisis News

Joe Biden is sworn in as the 46th president of the United States by Chief Justice John Roberts as Jill Biden holds the Bible during the 59th Presidential Inauguration at the U.S. Capitol in Washington, Wednesday, Jan. 20, 2021. (AP Photo/Andrew Harnik)

Analysis: Biden issues call to unity that comes with urgency

Jan. 20, 2021 2:59 PM EST

WASHINGTON (AP) — As newly inaugurated leaders often do, President Joe Biden began his tenure with a ritual call for American unity. But standing on the same Capitol steps where just two weeks ago violent rioters laid siege to the nation's democracy, Biden's words felt less like rhetorical flourishes and...

Demonstrators face police officers during clashes in Ettadhamen City near Tunis, Tuesday, Jan. 19, 2021. A growing groundswell of youth unrest, tapping into a well of economic frustration, is sweeping Tunisia and worrying its leadership all the way to the top. It is, after all, the country that triggered the 2011 Arab Spring revolutions. (AP Photo/Hassene Dridi)

Outreach by Tunisian leaders fails to quell youth unrest

Jan. 20, 2021 3:53 AM EST

TUNIS, Tunisia (AP) — Tunisian youth clashed with police overnight, maintaining their protests and riots over economic difficulties despite efforts by the president and the prime minister to calm tensions. "Your voice is heard, and your anger is legitimate, and it is my role and the role of the government...

Swiss attorney general investigates Lebanon's central bank

Jan. 19, 2021 1:53 PM EST

BEIRUT (AP) — The office of Switzerland's attorney general said Tuesday it requested legal assistance from Lebanese authorities for an investigation into possible money laundering and embezzlement tied to Lebanon's central bank. The Swiss attorney general confirmed in a statement it had opened an...

Tourists look at the skyline at sunset, in Dubai, United Arab Emirates, Tuesday, Jan. 12, 2021. Since becoming one of the world's first destinations to open up for tourism, Dubai has promoted itself as the ideal pandemic vacation spot. With peak tourism season in full swing, coronavirus infections are surging to unprecedented heights, with daily case counts nearly tripling in the past month, but in the face of a growing economic crisis, the city won't lock down and can't afford to stand still. (AP Photo/Kamran Jebreili)

Dubai, party haven amid pandemic, faces its biggest surge

Jan. 19, 2021 1:15 PM EST

DUBAI, United Arab Emirates (AP) — Masks off the minute you step inside. Bars packed and pulsing like it’s 2019. Social media stars waving bottles of champagne. DJs spinning party tunes through multi-hour brunches. Since becoming one of the world's first destinations to open up for tourism, Dubai,...

FILE - In this Oct. 27, 2020, file photo, then-Democratic presidential candidate former Vice President Joe Biden speaks at Mountain Top Inn & Resort in Warm Springs, Ga. President-elect Joe Biden has evoked Franklin Delano Roosevelt in promising a remaking of America unseen since the New Deal. Pledging to emulate some of the loftiest reforms in the nation’s history has left him with towering promises to keep. And Biden hopes to deliver against the backdrop of the pandemic and searing national division. (AP Photo/Andrew Harnik, File)

Biden has set sky-high expectations. Can he meet them?

Jan. 19, 2021 8:08 AM EST

WASHINGTON (AP) — Back when the election was tightening and just a week away, Joe Biden went big. He flew to Warm Springs, the Georgia town whose thermal waters once brought Franklin Delano Roosevelt comfort from polio, and pledged a restitching of America's economic and policy fabric unseen since FDR's...

FILE - In this May 8, 2019 file photo, then Federal Trade Commission commissioner Rohit Chopra testifies during a House Energy and Commerce subcommittee hearing on Capitol Hill in Washington. President-elect Joe Biden is set to nominate Rohit Chopra as the director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm the agency whose creation she championed. (AP Photo/Susan Walsh)

Biden picks Chopra, Gensler for financial oversight roles

Jan. 18, 2021 5:42 PM EST

WASHINGTON (AP) — President-elect Joe Biden has chosen Rohit Chopra to be the director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm the agency whose creation she championed. Chopra, now a commissioner at the Federal Trade Commission, helped launch...

Premier Giuseppe Conte delivers his speech at the lower chamber of Parliament, in Rome, Monday, Jan. 18, 2021. Conte fights for his political life with an address aimed at shoring up support for his government, which has come under fire from former Premier Matteo Renzi's tiny but key Italia Viva (Italy Alive) party over plans to relaunch the pandemic-ravaged economy. (AP Photo/Alessandra Tarantino, pool)

Italy: Conte clears hurdle to retain power, bigger one ahead

Jan. 18, 2021 3:31 PM EST

ROME (AP) — Italian Premier Giuseppe Conte won a crucial vote in Parliament's lower house Monday night after a coalition defector's lawmakers abstained in the balloting, but he must clear a much tougher hurdle less than 24 hours later in the Senate to hold on to power. Lawmakers in the Chamber of Deputies...

FILE - In this Oct.11, 2009 file photo, then Tunisian President Zine El Abidine Ben Ali waves from his car at a campaign rally in Rades, outside Tunis.  Swiss authorities said Monday Jan. 18, 2021, they are preparing to lift a freeze on tens of millions of dollars’ worth of assets linked to former Tunisian President Zine El Abidine Ben Ali, who fled with his family to Saudi Arabia in 2011 and died in 2019. (AP Photo/Hassene Dridi, File)

Swiss to lift freeze on millions linked to ex-Tunisia leader

Jan. 18, 2021 2:02 PM EST

GENEVA (AP) — Swiss authorities are preparing to lift a freeze on tens of millions of dollars’ worth of assets linked to former Tunisian President Zine El Abidine Ben Ali, a decade after the longtime autocrat was driven from power in an uprising that set off the so-called “Arab Spring”...

A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Jan. 18, 2021. Shares fell Monday across most of Asia following a retreat on Wall Street, but benchmarks in Hong Kong and Shanghai rose after data showed the Chinese economy grew a solid 2.3% in 2020. (AP Photo/Vincent Yu)

World shares subdued despite strong growth data from China

Jan. 18, 2021 12:06 PM EST

Stock markets got off to a slow start for the week despite news that the Chinese economy grew 2.3% in 2020 after a sharp contraction early in the year. Shares fell in London and Tokyo on Monday but advanced in Hong Kong, Paris and Shanghai. Most U.S. markets are closed for a national holiday. Investors appear to...

Violent youth protests hit Tunisia amid economic turmoil

Jan. 17, 2021 6:05 AM EST

TUNIS, Tunisia (AP) — Police used tear gas to disperse violent protests led by disgruntled youths in several Tunisian cities overnight, including in the capital of Tunis and in the seaside city of Sousse. Tunisians in general are angry that the North African country is on the verge of bankruptcy and has...