Latest Financial crisis News
Lebanese Cabinet faces multiple challenges, growing unrest
BEIRUT (AP) — Lebanon's new government made up of appointees nominated by the Shiite group Hezbollah and its allies got down to business Wednesday, a day after it was formed. Questions arose immediately about its ability to halt spiraling violence and economic and financial collapse. As the government...
Top judge elected as Greece's first female president
ATHENS, Greece (AP) — Greece’s lawmakers elected their country’s first female president Wednesday, with an overwhelming majority voting in favor of high court judge Katerina Sakellaropoulou. Speaking after being formally informed of the parliament vote, Sakellaropoulou said she would aim for...
Images of starving lions in Sudan zoo spark global concern
KHARTOUM, Sudan (AP) — At an impoverished, forlorn zoo in Sudan’s capital, the park's few remaining lions are starving in rusted cages — their ribs protruding, eyes glassy and skin flaccid, desperate for food and water. The unsettling images, shared on social media by a local animal rights...
Facing humiliating controls, Lebanese focus fury on banks
BEIRUT (AP) — Before picking up cash from a downtown bank in Lebanon's capital, Mey Al Sayegh mentally braces herself for what would have been a routine trip before the country's crippling cash crunch. For starters, it will be at least an hour's wait in line before her turn comes. And if she's lucky,...
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...
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