Latest Financial crisis News
Britain's EU Journey: When the EU faced its biggest crisis
LONDON (AP) — Britain officially leaves the European Union on Jan. 31 after a debilitating political period that has bitterly divided the nation since the 2016 Brexit referendum. Difficult negotiations setting out the new relationship between Britain and its European neighbors will continue throughout...
Lebanese protesters rally downtown despite enhanced security
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
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...
Lebanon at a crossroads after 100 days of protests
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...
Zimbabwe VP scolded for using soldiers in divorce dispute
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
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....
New Lebanese minister says he won't permit attacks on police
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...
European Central Bank holds rates, launches policy review
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...
Lebanese Cabinet faces multiple challenges, growing unrest
BEIRUT (AP) — Lebanon's new government made up of appointees 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 spiraling violence and economic and financial collapse. As the government...
Top judge elected as Greece's first female president
ATHENS, Greece (AP) — Greece’s lawmakers elected their country’s first female president Wednesday, with an overwhelming majority voting in favor of high court judge Katerina Sakellaropoulou. Speaking after being formally informed of the parliament vote, Sakellaropoulou said she would aim for...
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