Latest Financial crisis News
Analysis: Biden issues call to unity that comes with urgency
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...
Outreach by Tunisian leaders fails to quell youth unrest
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
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...
Dubai, party haven amid pandemic, faces its biggest surge
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,...
Biden has set sky-high expectations. Can he meet them?
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...
Biden picks Chopra, Gensler for financial oversight roles
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...
Italy: Conte clears hurdle to retain power, bigger one ahead
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...
Swiss to lift freeze on millions linked to ex-Tunisia leader
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”...
World shares subdued despite strong growth data from China
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
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...
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