Latest Financial crisis News

Lebanese Prime Minister Hassan Diab, speaks during a press conference after his government was announced, at the Presidential Palace in Baabda, east of Beirut, Lebanon, Tuesday, Jan. 21, 2020. A new Cabinet was announced in crisis-hit Lebanon late Tuesday, breaking a months-long impasse amid ongoing mass protests against the country's ruling elite. (AP Photo/Bilal Hussein)

New government in crisis-hit Lebanon, but protests continue

Jan. 21, 2020 9:51 PM EST

BEIRUT (AP) — A new Cabinet was announced in crisis-hit Lebanon late Tuesday, breaking a months-long impasse amid mass protests against the country's ruling elite and a crippling financial crisis, but demonstrations and violence continued. Hassan Diab, a 60-year-old former professor at the American...

Riot police stand guard during clashes with anti-government protesters, during ongoing protests against the political elites who have ruled the country for decades, in Beirut, Lebanon, Sunday, Jan. 19, 2020. Lebanese security forces used tear gas, water cannons and rubber bullets in clashes with hundreds of anti-government protesters outside the country's Parliament on Sunday, as violence continued to escalate in a week of rioting in the capital. (AP Photo/Hassan Ammar)

Lebanese officials vow to step up security after riots

Jan. 20, 2020 12:59 PM EST

BEIRUT (AP) — Lebanon's top security officials vowed Monday to crack down on vandalism after a week of rioting in Beirut that left hundreds of people injured and damaged public and private property — violence that comes against the backdrop of a deepening political deadlock. The announcement...

Signs point up for small manufacturers, home remodelers

Jan. 20, 2020 12:15 PM EST

NEW YORK (AP) — Recent economic indicators point to an easier time ahead for small manufacturers and companies in the home remodeling industry. A decline in the home repair and remodeling market that began in the first quarter of 2019 is projected to end with the third quarter of this year, according to...

Riot police fire rubber bullets against the anti-government protesters, during ongoing protests against the political elites who have ruled the country for decades, in Beirut, Lebanon, Sunday, Jan. 19, 2020. Lebanese security forces used tear gas, water cannons and rubber bullets in clashes with hundreds of anti-government protesters outside the country's Parliament on Sunday, as violence continued to escalate in a week of rioting in the capital. (AP Photo/Hassan Ammar)

Violence escalates in Beirut as protesters clash with police

Jan. 19, 2020 3:53 PM EST

BEIRUT (AP) — Security forces fired tear gas, water cannons and rubber bullets in clashes Sunday with hundreds of anti-government protesters outside Lebanon's Parliament, as violence continued to escalate in a week of rioting. At least 114 people were injured in the protests, according to the Red Cross...

Work begins on NW Indiana war memorial delayed by recession

Jan. 18, 2020 10:30 AM EST

CROWN POINT, Ind. (AP) — Work is underway in northwestern Indiana for a war memorial that was delayed for years by the Great Recession after the 2008 financial crisis. Crews began clearing trees Wednesday in Crown Point for the memorial, which will feature three separate monuments: one for World War I...

Wyoming's capital sees economic downturn due to job decrease

Jan. 17, 2020 7:50 PM EST

CHEYENNE, Wyo. (AP) — Wyoming's capital city is experiencing an economic downturn driven by a reduction in local mining and construction jobs, a new report said. Cheyenne experienced a 5.5% reduction in local mining and construction jobs in the past year, The Wyoming Tribune Eagle reports. The state...

Moody's says Kansas layoffs threaten government tax revenues

Jan. 17, 2020 3:56 PM EST

WICHITA, Kan. (AP) — Moody's Investors Service said Friday that layoffs at Spirit AeroSystems are “credit negative” for the city of Wichita, Sedgwick County and local communities because the workforce reduction threatens retail sales, lowering sales tax revenues that support government...

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...