Latest Financial crisis News

Lebanon signs deal to sell Iraqi fuel in move to ease crisis

Jul. 24, 2021 10:11 AM EDT

BEIRUT (AP) — Lebanon signed a deal Saturday to broker Iraqi fuel sales in hopes of alleviating a crippling financial and energy crisis in the small Mediterranean country, Lebanese and Iraqi media reported. The deal allows Beirut to resell 1 million tons of heavy fuel...

Homeownership study asks, 'Who owns the Twin Cities?"

Jul. 24, 2021 01:11 AM EDT

MINNEAPOLIS (AP) — A new study found that between 2005 and 2020, the percentage of single family rentals increased by over 10% in North Minneapolis, Southeast Como and parts of St. Paul, with Southeast Como’s rentals changing due, in part, to an aging homeowner population and localized...

Court: Murphy order to let tenants use deposits for rent OK

Jul. 20, 2021 15:44 PM EDT

A New Jersey appeals court ruled Tuesday that Gov. Phil Murphy didn’t overstep his authority when he issued an executive order last year allowing tenants to use their security deposits to pay rent. The ruling rejected arguments by several businesses and individual...

Israel shells Lebanon after rockets fired over border

Jul. 20, 2021 06:26 AM EDT

JERUSALEM (AP) — The Israeli military said its artillery shelled southern Lebanon early Tuesday after two rockets were fired from Lebanon into Israeli territory. Israel's army said in a statement that aerial defenses intercepted one of the rockets, and the second fell...

Syrian president sworn in for 4th term in war-torn country

Jul. 17, 2021 12:37 PM EDT

DAMASCUS, Syria (AP) — Syrian President Bashar Assad was sworn in Saturday for a fourth seven-year term in the war-torn country, pledging to overcome the impact of Western economic sanctions and retake territory still out of his control after 10 years of fighting. Even...

Riots in Lebanon as West calls for quick Cabinet formation

Jul. 16, 2021 10:39 AM EDT

BEIRUT (AP) — Tension intensified in Lebanon on Friday, with riots leaving more than two dozen people injured in the northern city of Tripoli, including five soldiers who were attacked with a hand grenade. France, the European Union and the United States in the meantime...

Lebanon's PM-designate steps down after months of deadlock

Jul. 15, 2021 19:32 PM EDT

BEIRUT (AP) — Lebanon’s Prime Minister-designate Saad Hariri stepped down Thursday over what he called “key differences” with the president, deepening a political crisis that has left the Lebanese without a government for nine months even as they endure an unprecedented economic...

Authoritarianism advances as world battles the pandemic

Jul. 15, 2021 05:41 AM EDT

LONDON (AP) — Here’s some of what happened while the world was distracted by the coronavirus: Hungary banned the public depiction of homosexuality. China shut Hong Kong’s last pro-democracy newspaper. Brazil’s government extolled dictatorship. And Belarus hijacked a passenger plane to...

Sri Lanka economy in crisis as debt mounts, reserves dwindle

Jul. 14, 2021 00:08 AM EDT

COLOMBO, Sri Lanka (AP) — Sri Lanka has cut back on imports of farm chemicals, cars and even its staple spice turmeric as its foreign exchange reserves dwindle, hindering its ability to repay a mountain of debt as the South Asian island nation struggles to recover from the pandemic. ...

Cuba confirms 1 man dead during antigovernment protests

Jul. 13, 2021 22:18 PM EDT

HAVANA (AP) — Cuban authorities confirmed Tuesday that one person has died during demonstrations that have shaken the island in recent days by protesting over food shortages, high prices and other grievances against the government. The Interior Ministry said in a...