Latest Financial crisis News

France pledges support for Lebanon's new prime minister

Sep. 24, 2021 13:00 PM EDT

PARIS (AP) — French President Emmanuel Macron welcomed Friday Lebanon’s new prime minister at the presidential palace, wishing him success and promising France would continue to support the crisis-struck country. In Beirut, protesters pelted commercial banks with eggs and rallied against...

His country mired in crises, Lebanese leader calls for help

Sep. 24, 2021 12:13 PM EDT

BEIRUT (AP) — The reverberations of terrorism across the oceans and war in their own neighborhood have left Lebanon and its fellow nations in the Middle East struggling with the consequences, Lebanon’s president said Friday, calling for international help to save his own crisis-hit...

Mideast in shambles, but the world has moved on for now

Sep. 23, 2021 02:12 AM EDT

BEIRUT (AP) — There was a time not long ago when uprisings and wars in the Arab world topped the agenda at the U.N. General Assembly meetings in New York. With most of those conflicts in a stalemate, the world’s focus has shifted to more daunting global challenges...

EXPLAINER: Why the debt limit is again roiling Washington

Sep. 23, 2021 00:32 AM EDT

WASHINGTON (AP) — The idea of the U.S. government breaching its “debt limit” sounds scary. But what, exactly, are lawmakers in Washington fighting about? The debt limit is a nearly century-old artificial cap that Congress placed on the U.S. government's ability to...

Editorial Roundup: U.S.

Sep. 22, 2021 11:48 AM EDT

Excerpts from recent editorials in the United States and abroad: Sept. 20 The Philadelphia Inquirer on protecting abortion rights in Pennsylvania: In one legislative session after another, Pennsylvania Republicans have tried to...

Lebanon raises fuel prices for 2nd time in 5 days

Sep. 22, 2021 07:46 AM EDT

BEIRUT (AP) — Lebanon’s new government raised the price of fuel on Wednesday by 16%, the second time in five days, part of a gradual lifting of subsidies in the crisis-struck country. The new hike brings the price of fuel, in short supply, closer to black market...

Asian shares extend losses as China worries darken sentiment

Sep. 20, 2021 23:25 PM EDT

TOKYO (AP) — Asian shares declined Tuesday, with Tokyo down 2% as worries about heavily indebted Chinese real estate developers weighed on sentiment. On Monday, U.S. stocks logged their biggest drop since May, with the tech-heavy Nasdaq composite sinking 2.2%. ...

Democrats tie government funding to debt bill, GOP digs in

Sep. 20, 2021 20:20 PM EDT

WASHINGTON (AP) — Democratic congressional leaders backed by the White House announced Monday they would push ahead with a vote to fund the government and suspend the debt limit, all but daring Republicans who say they will vote against it despite the risk of a fiscal crisis. ...

Lebanon's Cabinet wins confidence vote after power cut delay

Sep. 20, 2021 14:12 PM EDT

BEIRUT (AP) — Lebanon’s new Cabinet won a vote of confidence from Parliament on Monday during a session that was delayed for almost an hour because of a power outage and broken generator at the venue. The electricity outage underscored the multiple crises roiling the...

Dueling Tunisian protests erupt over president's power grab

Sep. 18, 2021 15:45 PM EDT

TUNIS, Tunisia (AP) — Protesters angry at the Tunisian president’s seizure of broad powers faced off with his supporters Saturday in competing demonstrations in the North African nation's capital of Tunis. It was the first time that President Kais Saied’s critics...