Latest Financial crisis News
New government in crisis-hit Lebanon, but protests continue
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...
Lebanese officials vow to step up security after riots
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
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...
Violence escalates in Beirut as protesters clash with police
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
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
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
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
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...
Hezbollah warns of 'chaos' if Lebanon government delayed
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...
'Days of God': A look at Iran's mounting crises
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...
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