Latest Financial crisis News

In this photo released by the Syrian official news agency SANA, Iyed Bilal, the director of the treasury department of the Syrian Central Bank, shows the new banknote of 5000 Syrian pounds during a press briefing, in Damascus, Syria, Sunday, Jan. 24, 2021. The new 5,000 Syrian Lira bank note goes into circulation Sunday, the largest denomination in the country reeling from 10 years of conflict and a crippling economic crisis. (SANA via AP)

Syria floats new bank note amid soaring inflation

Jan. 24, 2021 12:35 PM EST

DAMASCUS, Syria (AP) — A new, 5,000 Syrian Lira bank note goes into circulation Sunday, the largest denomination in the country reeling from a decade of conflict and a crippling economic crisis. Syria’s currency has been on a downward spiral since the conflict began in 2011. Trading that year at 47...

President Joe Biden speaks during the 59th Presidential Inauguration at the U.S. Capitol in Washington, Wednesday, Jan. 20, 2021.(AP Photo/Patrick Semansky, Pool)

At 78 and the oldest president, Biden sees a world changed

Jan. 23, 2021 1:41 PM EST

WASHINGTON (AP) — When Joe Biden took the oath of office as the 46th president, he became not only the oldest newly inaugurated U.S. chief executive in history but also the oldest sitting president ever. Biden was born Nov. 20, 1942, in Scranton, Pennsylvania. He was 78 years, two months and one day old...

A portrait of former President Abraham Lincoln President hangs in the State Dining Room of the White House as Joe Biden delivers remarks on the economy Friday, Jan. 22, 2021, in Washington. (AP Photo/Evan Vucci)

Biden's early approach to virus: Underpromise, overdeliver

Jan. 23, 2021 12:48 AM EST

WASHINGTON (AP) — It's a proven political strategy: Underpromise and overdeliver. President Joe Biden, in his first three days in office, has painted a bleak picture of the country's immediate future, warning Americans that it will take months, not weeks, to reorient a nation facing a historic convergence...

A medical staffer takes care of COVID-19 patients at the intensive care unit of the Rafik Hariri University Hospital in Beirut, Lebanon, Friday, Jan. 22, 2021. Hospitals in Lebanon are reaching full capacity amid a dramatic surge in coronavirus cases across the crisis-hit Mediterranean nation even amid strict lockdown. (AP Photo/Bilal Hussein)

Top Lebanese hospitals fight exhausting battle against virus

Jan. 23, 2021 12:28 AM EST

BEIRUT (AP) — Death stalks the corridors of Beirut's Rafik Hariri University Hospital, where losing multiple patients in one day to COVID-19 has become the new normal. On Friday, the mood among the staff was even more solemn as a young woman lost the battle with the virus. There was silence as the woman,...

A portrait of former President Abraham Lincoln President hangs in the State Dining Room of the White House as Joe Biden delivers remarks on the economy Friday, Jan. 22, 2021, in Washington. (AP Photo/Evan Vucci)

Biden's early approach to virus: Underpromise, overdeliver

Jan. 22, 2021 7:10 PM EST

WASHINGTON (AP) — It's a proven political strategy: Underpromise and overdeliver. President Joe Biden, in his first three days in office, has painted a bleak picture of the country's immediate future, warning Americans that it will take months, not weeks, to reorient a nation facing a historic convergence...

Cars drive past election campaign billboards for presidential candidates Marisa Matias, left, and Andre Ventura, right, in Lisbon, Tuesday, Jan. 19, 2021. Portugal holds a presidential election on Sunday, Jan. 24, 2021 and the moderate incumbent candidate is widely seen as the sure winner. But an intriguing question for many Portuguese is how well a brash new populist challenger fares in the ballot. Mainstream populism is a novelty in Portugal. (AP Photo/Armando Franca)

In Portugal presidential race, how high can a populist fly?

Jan. 22, 2021 3:04 AM EST

LISBON, Portugal (AP) — With the moderate incumbent candidate widely seen as the sure winner of Sunday’s presidential election in Portugal, the most intriguing question for many Portuguese is how well a brash new populist challenger will fare in a ballot skewed by a surging COVID-19 pandemic....

Security forces work at the site of a deadly bomb attack in a market selling used clothes, Iraq, Thursday, Jan. 21, 2021. Twin suicide bombings hit Iraq's capital Thursday killing and wounding civilians, police and state TV said.

Twin suicide bombings rock central Baghdad, at least 32 dead

Jan. 21, 2021 2:03 PM EST

BAGHDAD (AP) — Twin suicide bombings ripped through a busy market in the Iraqi capital on Thursday, killing at least 32 people and wounding dozens, officials said in what was the first massive bombing in years, harkening back to darker days of rampant militant attacks. The rare suicide bombing hit the Bab...

The Ramlet al-Baida public beach is empty during a lockdown aimed at curbing the spread of the coronavirus, in Beirut Lebanon, Thursday, Jan. 21, 2021. Authorities on Thursday extended a nationwide lockdown by a week to Feb. 8 amid a steep rise in coronavirus deaths and infections that has overwhelmed the health care system. (AP Photo/Bilal Hussein)

Lebanon extends lockdown into February as virus numbers rise

Jan. 21, 2021 11:26 AM EST

BEIRUT (AP) — Authorities in Lebanon on Thursday extended a nationwide lockdown by a week, to Feb. 8, amid a steep rise in coronavirus deaths and infections that has overwhelmed the health care system. Despite increasing the number of hospital beds in the country of nearly 6 million, doctors and nurses...

Long time exposure photo shows aircrafts flying over the buildings of the banking district in Frankfurt, Germany, Thursday, Jan. 21, 2021. (AP Photo/Michael Probst)

European Central Bank stimulus on track as economy struggles

Jan. 21, 2021 10:51 AM EST

FRANKFURT, Germany (AP) — With more than a trillion euros in stimulus still in the pipeline to the economy, the European Central Bank left its key bond-purchase program unchanged Thursday as the 19-country eurozone endures a winter economic slowdown due to the pandemic. ECB President Christine Lagarde told...

FILE - In this Nov. 11, 2019 file photo, Riad Salameh the governor of Lebanon's Central Bank, listens to a journalist's question during a press conference, in Beirut, Lebanon. A New-York-based company that was contracted by Lebanon's government to conduct a forensic audit of the country's central bank has decided to pull out of the deal because it was not able to acquire needed information and documents, Lebanese outgoing finance minister said Friday, Nov. 20, 2020. (AP Photo/Hussein Malla, File)

Lebanon central bank governor denies transfer of capital

Jan. 21, 2021 9:14 AM EST

BEIRUT (AP) — The governor of Lebanon's Central Bank denied on Thursday that he had made any transfers of the bank's funds following a probe by Swiss authorities into money laundering and embezzlement. Gov. Riad Salameh's statement was released after he was questioned by Lebanon’s prosecutor...