Latest Financial crisis News

10 Things to Know for Today

Nov. 21, 2019 8:38 AM EST

Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. KEY WITNESSES CAP INTENSE WEEK IN IMPEACHMENT INQUIRY David Holmes and Fiona Hill are expected to recount how they grew alarmed by how Trump and others in his orbit were conducting foreign policy in Ukraine....

Fear, turmoil in Lebanon as its financial crisis worsens

Nov. 21, 2019 1:10 AM EST

BEIRUT (AP) — On one of Beirut’s main commercial streets, store owners are cutting salaries by half or considering shutting down. Shops advertise sales, but still can’t draw in customers. The only place doing a thriving business: the store that sells safes, as Lebanese increasingly stash...

California agency predicts $7 billion state budget surplus

Nov. 20, 2019 7:56 PM EST

SACRAMENTO, Calif. (AP) — California is expected to have a $7 billion budget surplus next year, but lawmakers were urged Wednesday not to spend all of it because a sizable chunk depends on an upcoming decision by the Trump administration as it feuds with state Democratic leaders. A report from the...

Zimbabwe police fire tear gas at opposition supporters

Nov. 20, 2019 10:01 AM EST

HARARE, Zimbabwe (AP) — Zimbabwe police with riot gear fired tear gas and struck people who gathered on Wednesday to hear a speech by the country’s top opposition leader amid growing frustration with the collapsing economy. Dozens of people ran and dodged baton blows in the capital, Harare. Officers...

Patrick defends corporations and capitalism in primary bid

Nov. 19, 2019 9:57 AM EST

DES MOINES, Iowa (AP) — Democratic presidential candidate Deval Patrick is centering his fledgling campaign on a defense of corporations and capitalism that puts him directly at odds with some of the party’s most progressive figures. “There is a role in the economy for private equity. You bet...

No training, no gloves: Zimbabwe’s desperate childbirths

Nov. 18, 2019 8:19 AM EST

HARARE, Zimbabwe (AP) — When her contractions became unbearably painful, 18-year-old Perseverance Kanyoza rushed to a maternity hospital in Zimbabwe’s capital, Harare. But the doors were closed amid a weekslong strike by public health workers. With no money for private care, panic set in. A hospital...

Fed finds resilient financial system despite high debt

Nov. 15, 2019 5:54 PM EST

WASHINGTON (AP) — The Federal Reserve said Friday that corporate debt remains at historically high levels but overall the U.S. financial system is resilient, a view in sharp contrast to the problems that led to the 2008 financial crisis. In its twice-yearly “Financial Stability Report,” the...

UN envoy: As Venezuela exodus drags on many won’t go back

Nov. 14, 2019 4:49 PM EST

BOGOTA, Colombia (AP) — The Venezuela migration crisis has now entered a new stage in which many of those fleeing their country’s devastating economic downturn and political turmoil are increasingly unlikely to return, a United Nations special envoy said. Eduardo Stein told The Associated Press on...

Pope taps fellow Jesuit as Vatican’s finance minister

Nov. 14, 2019 8:26 AM EST

VATICAN CITY (AP) — Pope Francis on Thursday appointed a fellow Jesuit to be the Vatican’s finance minister, filling a crucial position left vacant for more than two years after Cardinal George Pell left Rome to stand trial on sex abuse charges in his native Australia. The appointment of the Rev....

Lebanon protests sliding into violence amid impasse

Nov. 13, 2019 11:26 AM EST

BEIRUT (AP) — A man opened fire with a shotgun over the heads of protesters in a town north of Beirut on Wednesday. It was the second shooting incident in as many days amid nationwide protests and as tensions rose in Lebanon between supporters and opponents of President Michel Aoun. There were no...