Latest Financial crisis News

Lebanese women wear masks to help prevent the spread of the coronavirus, in Beirut, Lebanon, Wednesday, Jan. 27, 2021. Lebanon, a country of nearly 5 million and over 1 million refugees, is going through an unprecedented economic crisis that preceded the pandemic and restrictions imposed to combat it. (AP Photo/Hussein Malla)

Protesters in Lebanon clash with police over virus lockdown

Jan. 27, 2021 3:36 PM EST

BEIRUT (AP) — Lebanese security forces opened fire in violent clashes Wednesday with dozens of protesters who took to the street in the country’s north for a third consecutive day to denounce deteriorating living conditions amid a strict lockdown to prevent the spread of the coronavirus. At least...

Text of the Federal Reserve's statement after its meeting

Jan. 27, 2021 2:21 PM EST

WASHINGTON (AP) — Below is the statement the Fed released Wednesday after its policy meeting ended: The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19...

A statue of Iranian General Qassem Soleimani, former head of Iran's Quds force, stands in front of a branch of the Hezbollah-run Qard al-Hassan Association, in Ghobeiry, Lebanon, Wednesday, Jan. 20, 2021. As more Lebanese fall into poverty in the country's economic crisis, increasing numbers are turning to the financial arm of the Iranian-backed Hezbollah militant group for help. Qard al-Hassan provides small, interest-free loans in dollars at a time when Lebanese are desperate for hard currency and commercial banks are not lending. (AP Photo/Bilal Hussein)

Amid crisis, Hezbollah 'bank' a lifeline for some Lebanese

Jan. 27, 2021 1:08 AM EST

BEIRUT (AP) — When Lebanon’s financial meltdown began in late 2019, Hassan Shoumar was locked out of his dollar savings like everyone else in the country as banks clamped down with capital controls. But the young engineer had an alternative. He could still pull out the dollars in his account at the...

A woman cycles past by an electronic stock board of a securities firm in Tokyo, Wednesday, Jan. 27, 2021. Stocks were mixed in Asia on Wednesday after a lackluster session on Wall Street. (AP Photo/Koji Sasahara)

Asian shares mixed following lackluster day on Wall Street

Jan. 26, 2021 11:59 PM EST

Asian stocks were mixed on Wednesday after a lackluster session on Wall Street. Benchmarks logged moderate gains in Hong Kong and Tokyo, but were flat in Sydney and Shanghai. Australian shares declined. Markets have meandered since last week as investors weighed solid corporate earnings results against renewed...

Vice President Kamala Harris participates in a swearing-in ceremony with Treasury Secretary Janet Yellen and Yellen's husband George Akerlof, Tuesday, Jan. 26, 2021, at the White House in Washington.  The Treasury building stands behind.   (AP Photo/Patrick Semansky)

Yellen says Treasury focus to help nation reeling from virus

Jan. 26, 2021 5:27 PM EST

WASHINGTON (AP) — Janet Yellen, sworn in Tuesday as the nation's 78th Treasury secretary and the first woman to hold the office, said in a message to the department's 84,000 employees that they would play a major role in addressing the country's biggest economic challenges. “In addition to the...

Permanent mail-in voting among Carney's goals for Delaware

Jan. 26, 2021 5:22 PM EST

DOVER, Del. (AP) — Making mail-in voting permanent, mandating higher use of renewable energy and more than doubling education funding for disadvantaged students are among Democratic Gov. John Carney's plans for Delaware. Carney outlined those and other goals, including providing body cameras for every...

FILE - In this Sept. 5, 2019 file photo, Italian President Sergio Mattarella, left, shakes hands with Prime Minister Giuseppe Conte during the swearing-in ceremony at the Quirinale Presidential Palace, in Rome. Italian Premier Conte was meeting Tuesday, Jan. 26. 2021 with his cabinet before heading to the presidential palace to offer his resignation after a key coalition ally pulled his party’s support over Conte’s handling of the coronavirus pandemic.  (AP Photo/Andrew Medichini, file)

Italian premier resigns, setting off scramble for new allies

Jan. 26, 2021 4:05 PM EST

ROME (AP) — Italian Premier Giuseppe Conte resigned Tuesday after a key coalition ally pulled his party’s support over Conte’s handling of the coronavirus pandemic, setting the stage for consultations this week to determine if he can form a third government. Conte tendered his resignation to...

Tunisian Prime Minister Hichem Mechichi, first row at right, and designate Justice Minister Youssef Zouaghi, left first row, attend debates as the government faces a confidence vote, Tuesday, Jan.26, 2021 at the Parliament in Tunis. Tunisians are marching on their heavily guarded parliament Tuesday as lawmakers vote on a new government, after a week of youth protests and riots over poverty and lack of jobs that left one young demonstrator dead and hundreds jailed. Prime Minister Hichem Mechichi announced a government reshuffle last week in the midst of the unrest. (AP Photo/Hassene Dridi)

Tunisians protest arrests; government faces confidence vote

Jan. 26, 2021 3:22 PM EST

TUNIS, Tunisia (AP) — Hundreds of Tunisians protested out outside their country's heavily guarded parliament Tuesday as lawmakers prepared to vote late into the night on a new government after a week of youth protests and riots over poverty and a lack of jobs that left one young demonstrator dead and...

Iowa unemployment rate falls to 3.1%, 2nd lowest in US

Jan. 26, 2021 11:38 AM EST

DES MOINES, Iowa (AP) — Iowa's unemployment rate fell to 3.1% in December, the second-lowest rate in the country, according to data released Tuesday. Iowa's rate fell significantly from 3.8% in November and is only slightly above the 2.8% rate from a year ago, before the coronavirus pandemic led to a...

Lebanese in impoverished north protest virus lockdown

Jan. 25, 2021 4:15 PM EST

BEIRUT (AP) — Dozens of Lebanese protesters, enraged at a nearly month-long lockdown to combat the spread of coronavirus, took to the streets of the country's second largest city on Monday and pelted security forces with stones. The security forces responded with tear gas to break up the protesters, who...