Latest Financial crisis News

France's Macron assails Putin's 'brutal attack' on Ukraine

Aug. 19, 2022 16:32 PM EDT

PARIS (AP) — Hours after talking with Vladimir Putin, French President Emmanuel Macron on Friday accused the Russian leader of launching a “brutal attack” on Ukraine in an imperialist, revanchist violation of international law. Macron, who tried tirelessly but unsuccessfully to...

California sets new low unemployment record in July

Aug. 19, 2022 15:35 PM EDT

SACRAMENTO, Calif. (AP) — California's unemployment rate fell to 3.9% in July, the lowest point since 1976 as employers in the the nation's most populous state continued to defy expectations by adding 84,800 new jobs. Record-high inflation coupled with a cool-down in the housing...

General Motors reinstates dividend suspended in pandemic

Aug. 19, 2022 08:05 AM EDT

DETROIT (AP) — General Motors will reinstate quarterly dividend payments that were suspended during the pandemic that shut down its factories. The automaker said Friday that the dividend of 9 cents per share will be paid on Sept. 15 to shareholders of record on Aug. 31. ...

Sri Lanka hopes to reach initial agreement with IMF for help

Aug. 18, 2022 20:45 PM EDT

COLOMBO, Sri Lanka (AP) — Sri Lanka's central bank chief said Thursday he hopes the government can reach a preliminary agreement that could lead to a bailout package with the International Monetary Fund when its officials visit the crisis-hit island nation later this month. The...

Egypt appoints central bank caretaker chief amid crisis

Aug. 18, 2022 12:07 PM EDT

CAIRO (AP) — Egypt's president on Thursday appointed a caretaker governor of the central bank, the president's office said, a day after the bank's chief resigned amid a grinding economic crisis triggered by Russia's war on Ukraine. According to a statement, President Abdel Fattah...

Canada minister: Not safe yet for Syrian refugees to go home

Aug. 17, 2022 16:19 PM EDT

BEIRUT (AP) — Syria is not safe yet for millions of refugees to start going back home, a Canadian minister cautioned during a visit to Lebanon on Wednesday. He spoke days after Lebanese officials announced a plan to start returning 15,000 Syrian refugees to their war-shattered country every...

UN envoy tells Myanmar general: End violence, seek democracy

Aug. 17, 2022 15:43 PM EDT

BANGKOK (AP) — The U.N. special envoy for Myanmar, Noeleen Heyzer, met Wednesday with the head of its military-installed government and called on him to urgently halt all violence, support a political path back to civilian rule and democracy, and allow the country’s imprisoned former leader...

Afghanistan marks 1 year since Taliban seizure as woes mount

Aug. 17, 2022 10:35 AM EDT

KABUL, Afghanistan (AP) — The Taliban on Monday marked a year since they seized the Afghan capital in a rapid takeover that triggered a hasty escape of the nation's Western-backed leaders, sent the economy into a tailspin and fundamentally transformed the country. Bearded Taliban...

Chinese navy ship docks in Sri Lanka, stokes worry in India

Aug. 16, 2022 07:41 AM EDT

HAMBANTOTA, Sri Lanka (AP) — A Chinese navy vessel arrived at a Beijing-built port in southern Sri Lanka on Tuesday, after its port call was earlier delayed due to apparent security concerns raised by India. The Yuan Wang 5 sailed into the Hambantota port and was welcomed by Sri...

Minister: Syria ready to repatriate refugees from Lebanon

Aug. 15, 2022 11:40 AM EDT

DAMASCUS, Syria (AP) — A Syrian Cabinet minister said Monday that Syrian refugees in neighboring Lebanon can start returning home, where he said they will get all the help they need from authorities. Tiny Lebanon is home to 1 million Syrian refugees who fled war in their country...