Latest Financial crisis News

Asian shares mostly extend losses on China property worries

Sep. 21, 2021 03:18 AM EDT

TOKYO (AP) — Asian shares mostly declined Tuesday, with Tokyo down 2.2% as worries about heavily indebted Chinese real estate developers weighed on sentiment. On Monday, U.S. stocks logged their biggest drop since May, with the tech-heavy Nasdaq composite sinking 2.2%....

Democrats tie government funding to debt bill, GOP digs in

Sep. 21, 2021 00:20 AM EDT

WASHINGTON (AP) — Democratic congressional leaders backed by the White House say they will push ahead with a vote to fund the government and suspend the debt limit, all but daring Republicans who say they will vote against it despite the risk of a fiscal crisis. ...

Asian shares extend losses as China worries darken sentiment

Sep. 20, 2021 23:25 PM EDT

TOKYO (AP) — Asian shares declined Tuesday, with Tokyo down 2% as worries about heavily indebted Chinese real estate developers weighed on sentiment. On Monday, U.S. stocks logged their biggest drop since May, with the tech-heavy Nasdaq composite sinking 2.2%. ...

Democrats tie government funding to debt bill, GOP digs in

Sep. 20, 2021 20:20 PM EDT

WASHINGTON (AP) — Democratic congressional leaders backed by the White House announced Monday they would push ahead with a vote to fund the government and suspend the debt limit, all but daring Republicans who say they will vote against it despite the risk of a fiscal crisis. ...

Lebanon's Cabinet wins confidence vote after power cut delay

Sep. 20, 2021 14:12 PM EDT

BEIRUT (AP) — Lebanon’s new Cabinet won a vote of confidence from Parliament on Monday during a session that was delayed for almost an hour because of a power outage and broken generator at the venue. The electricity outage underscored the multiple crises roiling the...

Dueling Tunisian protests erupt over president's power grab

Sep. 18, 2021 15:45 PM EDT

TUNIS, Tunisia (AP) — Protesters angry at the Tunisian president’s seizure of broad powers faced off with his supporters Saturday in competing demonstrations in the North African nation's capital of Tunis. It was the first time that President Kais Saied’s critics...

Biden faces limits of $1.9T COVID aid as some states resist

Sep. 17, 2021 16:33 PM EDT

WASHINGTON (AP) — President Joe Biden entered the White House promising to stop the twin health and economic crises caused by COVID-19, but $1.9 trillion and countless initiatives later he’s confronting the limits of what Washington can achieve when some state and local governments are...

Lebanon's incoming government restarts central bank audit

Sep. 17, 2021 11:33 AM EDT

BEIRUT (AP) — Lebanon’s incoming finance minister signed a contract on Friday with a New York-based company to conduct a forensic audit of the country’s central bank, a key demand of the international community to restore confidence in the crisis-struck Mideast nation. ...

WHO director: Lebanon's brain drain threat to health sector

Sep. 17, 2021 10:08 AM EDT

BEIRUT (AP) — The World Health Organization’s director general on Friday expressed deep concern about the impact of Lebanon’s economic meltdown and multiple crises on the wellbeing of the nation, and said the brain drain among the country's health workers is particularly worrisome. ...

Cuba opens door to more private business, but red tape looms

Sep. 16, 2021 09:06 AM EDT

HAVANA (AP) — Opening a small business is a bureaucratic headache in many parts of the world. In Cuba, it's an adventure in largely unknown territory. Most sorts of private businesses have been banned for more than 50 years, even if hundreds of thousands of Cubans in...