Latest Financial crisis News

Anti-government protesters throw stones at the riot police during ongoing protests in Beirut, Lebanon, Wednesday, Jan. 22, 2020.  Lebanon's new government has held its first meeting a day after it was formed following a three-month political vacuum. (AP Photo/Bilal Hussein)

Lebanese Cabinet faces multiple challenges, growing unrest

Jan. 22, 2020 6:56 PM EST

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...

Katerina Sakellaropoulou, head of the Council of State waits at her office in Athens on Wednesday, Jan. 22, 2020. Greece's lawmakers elected their country's first female president Wednesday, with an overwhelming majority voting to give high court judge Katerina Sakellaropoulou the largely ceremonial post. (Orestis Panagiotou/Pool via AP)

Top judge elected as Greece's first female president

Jan. 22, 2020 8:46 AM EST

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...

In this Tuesday, Jan. 21 photo, a malnourished lion rests in a zoo in Khartoum, Sudan. With the staff at the destitute Al-Qurashi Park, as the zoo in Khartoum is known, unable to feed and look after the animals, many have died off or were evacuated, leaving only three skeletal lions. (AP Photo)

Images of starving lions in Sudan zoo spark global concern

Jan. 22, 2020 8:06 AM EST

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...

FILE - In this Tuesday, Jan. 14, 2020 file photo, anti-government protesters smash a bank widows, during ongoing protests against the Lebanese central bank's governor and against the deepening financial crisis, at Hamra trade street, in Beirut, Lebanon. For years, many Lebanese have lived beyond their means, supporting their out-sized spending with loans and remittances from diaspora relatives. A severe financial crisis and unprecedented capital controls have put a stop to this, uniting rich and poor in anger against a banking system they accuse of holding their deposits hostage. (AP Photo/Hussein Malla, File)

Facing humiliating controls, Lebanese focus fury on banks

Jan. 22, 2020 1:34 AM EST

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,...

Lebanese Prime Minister Hassan Diab, speaks during a press conference after his government was announced, at the Presidential Palace in Baabda, east of Beirut, Lebanon, Tuesday, Jan. 21, 2020. A new Cabinet was announced in crisis-hit Lebanon late Tuesday, breaking a months-long impasse amid ongoing mass protests against the country's ruling elite. (AP Photo/Bilal Hussein)

New government in crisis-hit Lebanon, but protests continue

Jan. 21, 2020 9:51 PM EST

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...

Riot police stand guard during clashes with anti-government protesters, during ongoing protests against the political elites who have ruled the country for decades, in Beirut, Lebanon, Sunday, Jan. 19, 2020. Lebanese security forces used tear gas, water cannons and rubber bullets in clashes with hundreds of anti-government protesters outside the country's Parliament on Sunday, as violence continued to escalate in a week of rioting in the capital. (AP Photo/Hassan Ammar)

Lebanese officials vow to step up security after riots

Jan. 20, 2020 12:59 PM EST

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

Jan. 20, 2020 12:15 PM EST

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...

Riot police fire rubber bullets against the anti-government protesters, during ongoing protests against the political elites who have ruled the country for decades, in Beirut, Lebanon, Sunday, Jan. 19, 2020. Lebanese security forces used tear gas, water cannons and rubber bullets in clashes with hundreds of anti-government protesters outside the country's Parliament on Sunday, as violence continued to escalate in a week of rioting in the capital. (AP Photo/Hassan Ammar)

Violence escalates in Beirut as protesters clash with police

Jan. 19, 2020 3:53 PM EST

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

Jan. 18, 2020 10:30 AM EST

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

Jan. 17, 2020 7:50 PM EST

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...