Latest Financial crisis News

Delights of Ramadan disappear for Syrian refugees in Lebanon

Apr. 18, 2021 08:24 AM EDT

BHANNINE, Lebanon (AP) — It was messy and hectic in Aisha al-Abed’s kitchen, as the first day of Ramadan often is. Food had to be on the table at precisely 7:07 p.m. when the sun sets and the daylong fast ends. What is traditionally a jovial celebration of the start...

Iowa's March unemployment rate stable at 3.7%

Apr. 16, 2021 13:18 PM EDT

DES MOINES, Iowa (AP) — Iowa's unemployment rate remained at 3.7% in March, the same as the revised level in February, state officials said Friday. Iowa Workforce Development reported the stable unemployment rate as the state saw an increase both in the number of people...

Syria devalues its local currency against the U.S. dollar

Apr. 15, 2021 09:20 AM EDT

BEIRUT (AP) — Syria devalued the official price of its local currency on Thursday two days after the central bank governor was sacked, state media reported. The decision came after the Syrian pound crashed over the recent months in the war-torn country, hitting records...

US warns of punitive actions for Lebanese blocking reforms

Apr. 15, 2021 04:40 AM EDT

BEIRUT (AP) — A senior U.S. official warned Thursday that Lebanese politicians who continue to block reforms in the crisis-hit country could face punitive actions by Washington and its allies. U.S. undersecretary of state for political affairs David Hale did not...

Senate OKs tough former regulator as market watchdog chief

Apr. 14, 2021 13:54 PM EDT

WASHINGTON (AP) — The Senate has approved President Joe Biden’s choice of Gary Gensler to head the Securities and Exchange Commission, signaling an emphasis on investor protection for the Wall Street watchdog agency after a deregulatory stretch during the Trump administration. ...

US urges Lebanese leaders to break political impasse

Apr. 14, 2021 08:00 AM EDT

BEIRUT (AP) — A senior U.S. official on Wednesday berated Lebanese politicians for fighting over the formation of a new government for months while millions endure mounting economic hardship. David Hale, U.S. undersecretary of state for political affairs, said America...

US intel report: Virus impact to cause global 'aftershocks'

Apr. 13, 2021 15:11 PM EDT

WASHINGTON (AP) — The effects of the coronavirus pandemic are expected to contribute over the next year to “humanitarian and economic crises, political unrest, and geopolitical competition,” according to a new intelligence report that also warns about the threats from foreign...

Muslims navigate restrictions in the second pandemic Ramadan

Apr. 12, 2021 14:07 PM EDT

CAIRO (AP) — For Ramadan this year, Magdy Hafez has been longing to reclaim a cherished ritual: performing the nighttime group prayers called taraweeh at the mosque once again. Last year, the coronavirus upended the 68-year-old Egyptian’s routine of going to the...

Lebanon extends area claimed in border dispute with Israel

Apr. 12, 2021 08:31 AM EDT

BEIRUT (AP) — Lebanon’s outgoing minister of public works said Monday that he has signed a decree that would increase the area claimed by the Mediterranean country in a maritime border dispute with Israel. Public Works Minister Michel Najjar told reporters that he has...

Ecuador, Peru to elect presidents amid strengthened pandemic

Apr. 09, 2021 08:25 AM EDT

LIMA, Peru (AP) — A surging coronavirus pandemic that has brought on new lockdown measures and exacerbated fatigue in Ecuador and Peru has left many voters generally indifferent to the names they will see on the ballots Sunday, when the neighboring South American nations are set to choose...