Latest Financial crisis News

Rainsy: EU trade move to bolster bid for Cambodian democracy

Nov. 12, 2019 3:54 AM EST

KUALA LUMPUR, Malaysia (AP) — Cambodian exiled opposition leader Sam Rainsy said Tuesday the European Union's consideration of lifting trade privileges for Phnom Penh will add momentum to efforts to restore democracy in the country despite a government crackdown. The EU is to publish a report Tuesday on a...

China's Xi on investment drive in EU member Greece

Nov. 11, 2019 9:24 AM EST

ATHENS, Greece (AP) — China and Greece signed 16 bilateral agreements on Monday outlining cooperation in a broad range of sectors during a visit by Chinese President Xi Jinping aimed at furthering a major global investment initiative inside the European Union. China's state-owned shipping giant Cosco...

Lebanon's Central Bank tries to calm nerves amid crisis

Nov. 11, 2019 8:21 AM EST

BEIRUT (AP) — The governor of Lebanon's Central Bank sought to calm nerves on Monday amid a worsening economic and financial crisis, pledging to work on safeguarding the stability of the national currency and protecting bank deposits. Riad Salameh told reporters at a packed press conference that the bank...

EU extends Venezuela sanctions for a year

Nov. 11, 2019 4:56 AM EST

BRUSSELS (AP) — The European Union is extending sanctions against Venezuela for a year due to the political and economic crisis that it blames on the government of President Nicolás Maduro. EU foreign ministers decided at a meeting on Monday to prolong an arms embargo and ban on equipment sales that...

Lebanese banks urge calm amid financial crisis, protests

Nov. 9, 2019 1:21 PM EST

BEIRUT (AP) — Lebanese bankers and government officials tried to calm a worried public Saturday amid the country's major financial crisis, telling them that all deposits are guaranteed and "there is no need for panic." The country's financial troubles have worsened since nationwide protests —...

AP Explains: A look at why Spain is voting again

Nov. 9, 2019 2:32 AM EST

MADRID (AP) — Spain is back at the polls for the fourth time in four years with violence linked to Catalonia's regional secession push and a predicted surge in Spain's nascent far-right party dominating the election campaign. Here's a look at why the country is voting once more, and what might come out of...

World Bank warns of grave risks to Lebanon's stability

Nov. 8, 2019 12:47 PM EST

BEIRUT (AP) — The World Bank on Friday urged Lebanon to form a new Cabinet "within a week" to prevent further degradation and loss of confidence in its economy, warning of grave risks to the country's stability amid a worsening fiscal and economic crisis. Saroj Kumar Jha, the organization's regional...

Venezuelans charting escape selling off past at flea markets

Nov. 8, 2019 12:03 AM EST

CARACAS, Venezuela (AP) — Having decided it's time to abandon her crisis-torn homeland, Yenika Calderon spreads out her worldly possessions in the middle of a flea market in Venezuela's capital, hoping to pocket enough money to give her young family a fresh start far away in Spain. Millions of Venezuelans...

'End of history'? 30 years on, does that idea still hold up?

Nov. 7, 2019 2:22 AM EST

LONDON (AP) — Months before the Berlin Wall fell on Nov. 9, 1989, with the Soviet stranglehold over the Eastern Bloc crumbling, a young political scientist named Francis Fukuyama made a declaration that quickly became famous. It was, he declared, "the end of history." But the heralded defeat of Communism...

Head of UN agency for Palestinian refugees resigns

Nov. 6, 2019 2:58 PM EST

UNITED NATIONS (AP) — The head of the U.N. agency for Palestinian refugees resigned on Wednesday following a preliminary internal investigation that raised "management issues," reflecting concerns over allegations of possible sexual misconduct, nepotism and other abuses of authority at the agency. The...