Latest Financial crisis News

Zimbabwe police raid opposition party offices, seek machetes

Jan. 17, 2020 1:35 PM EST

HARARE, Zimbabwe (AP) — Zimbabwe police on Friday raided the offices of the country’s main opposition party, and a spokesman says the officers were looking for machetes. Police officers blocked roads leading to the Movement for Democratic Change party in the capital, Harare and, armed with a search...

Anti-government protesters stand atop a road sign and flash the victory sign as others block a main highway in Beirut, Lebanon, Friday, Jan. 17, 2020. Protesters closed major roads in the capital Beirut and around wide parts of Lebanon paralyzing the country as the political crisis over the formation of a new government worsens. (AP Photo/Bilal Hussein)

Hezbollah warns of 'chaos' if Lebanon government delayed

Jan. 17, 2020 11:16 AM EST

BEIRUT (AP) — A senior Hezbollah official warned Friday that Lebanon could fall into chaos and “complete collapse” unless a new government is formed. Sheikh Ali Daamoush's comments came amid more bickering between politicians on the formation of a new Cabinet amid a crippling financial crisis...

In this picture released by the official website of the office of the Iranian supreme leader, worshippers chant slogans during Friday prayers ceremony, as a banner show Iranian Revolutionary Guard Gen. Qassem Soleimani, left, and Iraqi Shiite senior militia commander Abu Mahdi al-Muhandis, who were killed in Iraq in a U.S. drone attack on Jan. 3, and a banner which reads in Persian:

'Days of God': A look at Iran's mounting crises

Jan. 17, 2020 11:14 AM EST

DUBAI, United Arab Emirates (AP) — Iran's supreme leader says his nation is living through “days of God.” The Islamic Republic has been reeling from one crisis to another, from the targeted killing by the United States of its top general to the Revolutionary Guard's accidental shootdown of a...

FILE — In this Sunday, Aug. 26, 2018 file photo Zimbabwean Deputy President Constantino Chiwenga is seen with his wife Marry, right, upon arrival for the inauguration ceremony of President Emmerson Mnangagwa, at the National Sports Stadium in Harare.  Marry Chiwenga has been charged with attempting to kill her husband and has also been charged with money laundering and fraud. (AP Photo/Wonder Mashura, File)

Zimbabwe gripped by drama of vice president's nasty divorce

Jan. 17, 2020 7:16 AM EST

HARARE, Zimbabwe (AP) — Black magic, drug addiction, attempted murder and a wrestling match over luxury cars and overseas properties. Zimbabwe is riveted by the explosive charges being made in the divorce of First Vice President Constantino Chiwenga and his wife Marry. A glimpse of the luxurious lives of...

UN: Global economic growth in 2019 was lowest of the decade

Jan. 16, 2020 7:37 PM EST

UNITED NATIONS (AP) — The global economy recorded its lowest growth of the decade in 2019, falling to 2.3% as a result of protracted trade disputes and a slowdown in domestic investment, the United Nations said Thursday. The U.N.'s annual report, the World Economic Situation and Prospects 2020, forecast a...

Anti-government demonstrators hold a national flag as burning tires block a road during a protest in Beirut, Lebanon, Thursday, Jan. 16, 2020. Lebanese protesters Thursday decried security forces' use of violence during rallies over the past two days, including attacks on journalists and the detention of over 100 people. (AP Photo/Bilal Hussein)

Lebanese protesters decry security forces' use of violence

Jan. 16, 2020 5:32 PM EST

Lebanese protesters Thursday decried security forces' use of violence during rallies over the past two days, including attacks on journalists and the detention of over 100 people. Dozens of people, including journalists, rallied outside the Interior Ministry denouncing what they said was the systematic use of...

In this Jan. 9, 2020, photo a

US long-term mortgage rates edge up; 30-year loan at 3.65%

Jan. 16, 2020 2:13 PM EST

WASHINGTON (AP) — U.S. long-term mortgage rates rose slightly this week after financial markets that had been roiled by the U.S.-Iran conflict stabilized. Mortgage buyer Freddie Mac said Thursday the average rate for a 30-year fixed-rate mortgage ticked up to 3.65% from 3.64% last week. The benchmark...

FILE - In this Oct. 8, 2019, file photo, technicians walk at the three thematic districts at the under construction site of the Expo 2020 in Dubai, United Arab Emirates. The United States, on Wednesday, Jan. 15, 2020, said its participation at this year's World's Fair in Dubai is being made possible by “the generosity of the Emirati government.” (AP Photo/Kamran Jebreili)

US says its pavilion at Expo 2020 in Dubai sponsored by UAE

Jan. 16, 2020 8:29 AM EST

DUBAI, United Arab Emirates (AP) — The United States said its participation at this year's World's Fair in Dubai is being made possible by “the generosity of the Emirati government.” The U.S. State Department said Wednesday Emirati sponsorship of America's pavilion, estimated to be at least...

An anti-government protester receives helps after she was beaten by riot police, while she was was protesting outside a police headquarters demanding the release of those taken into custody the night before, outside a police headquarter, in Beirut, Lebanon, Wednesday, Jan. 15, 2020. Lebanese security forces arrested 59 people, the police said Wednesday, following clashes overnight outside the central bank as angry protesters vented their fury against the country's ruling elite and the worsening financial crisis. (AP Photo/Hussein Malla)

Top UN official in Lebanon blasts politicians' inaction

Jan. 15, 2020 4:59 PM EST

BEIRUT (AP) — The top U.N. official in Lebanon on Wednesday denounced acts of vandalism by protesters targeting the country's banks a day earlier. But the senior diplomat reserved his harshest words for Lebanese politicians, saying they had only themselves to blame for the chaos. The strongly worded...

Russian President Vladimir Putin addresses the State Council in Moscow, Russia, Wednesday, Jan. 15, 2020. (AP Photo/Alexander Zemlianichenko )

Putin engineers shake-up that could keep him in power longer

Jan. 15, 2020 3:29 PM EST

MOSCOW (AP) — President Vladimir Putin engineered a surprise shake-up of Russia's leadership Wednesday, proposing changes to the constitution that could keep him in power well past the end of his term in 2024. Hours after he made the proposals, Prime Minister Dmitry Medvedev resigned and Putin named the...