Latest Financial crisis News

A medical staffer looks at a COVID-19 patient at the intensive care unit of the Rafik Hariri University Hospital in Beirut, Lebanon, Friday, Jan. 22, 2021. Hospitals in Lebanon are reaching full capacity amid a dramatic surge in coronavirus cases across the crisis-hit Mediterranean nation even amid strict lockdown. (AP Photo/Bilal Hussein)

Top Lebanese hospitals fight exhausting battle against virus

Jan. 22, 2021 12:27 PM EST

BEIRUT (AP) — Death stalks the corridors of Beirut's Rafik Hariri University Hospital, where losing multiple patients in one day to COVID-19 has become the new normal. On Friday, the mood among the staff was even more solemn as a young woman lost the battle with the virus. There was silence as the woman,...

Cars drive past election campaign billboards for presidential candidates Marisa Matias, left, and Andre Ventura, right, in Lisbon, Tuesday, Jan. 19, 2021. Portugal holds a presidential election on Sunday, Jan. 24, 2021 and the moderate incumbent candidate is widely seen as the sure winner. But an intriguing question for many Portuguese is how well a brash new populist challenger fares in the ballot. Mainstream populism is a novelty in Portugal. (AP Photo/Armando Franca)

In Portugal presidential race, how high can a populist fly?

Jan. 22, 2021 3:04 AM EST

LISBON, Portugal (AP) — With the moderate incumbent candidate widely seen as the sure winner of Sunday’s presidential election in Portugal, the most intriguing question for many Portuguese is how well a brash new populist challenger will fare in a ballot skewed by a surging COVID-19 pandemic....

Security forces work at the site of a deadly bomb attack in a market selling used clothes, Iraq, Thursday, Jan. 21, 2021. Twin suicide bombings hit Iraq's capital Thursday killing and wounding civilians, police and state TV said.

Twin suicide bombings rock central Baghdad, at least 32 dead

Jan. 21, 2021 2:03 PM EST

BAGHDAD (AP) — Twin suicide bombings ripped through a busy market in the Iraqi capital on Thursday, killing at least 32 people and wounding dozens, officials said in what was the first massive bombing in years, harkening back to darker days of rampant militant attacks. The rare suicide bombing hit the Bab...

The Ramlet al-Baida public beach is empty during a lockdown aimed at curbing the spread of the coronavirus, in Beirut Lebanon, Thursday, Jan. 21, 2021. Authorities on Thursday extended a nationwide lockdown by a week to Feb. 8 amid a steep rise in coronavirus deaths and infections that has overwhelmed the health care system. (AP Photo/Bilal Hussein)

Lebanon extends lockdown into February as virus numbers rise

Jan. 21, 2021 11:26 AM EST

BEIRUT (AP) — Authorities in Lebanon on Thursday extended a nationwide lockdown by a week, to Feb. 8, amid a steep rise in coronavirus deaths and infections that has overwhelmed the health care system. Despite increasing the number of hospital beds in the country of nearly 6 million, doctors and nurses...

Long time exposure photo shows aircrafts flying over the buildings of the banking district in Frankfurt, Germany, Thursday, Jan. 21, 2021. (AP Photo/Michael Probst)

European Central Bank stimulus on track as economy struggles

Jan. 21, 2021 10:51 AM EST

FRANKFURT, Germany (AP) — With more than a trillion euros in stimulus still in the pipeline to the economy, the European Central Bank left its key bond-purchase program unchanged Thursday as the 19-country eurozone endures a winter economic slowdown due to the pandemic. ECB President Christine Lagarde told...

FILE - In this Nov. 11, 2019 file photo, Riad Salameh the governor of Lebanon's Central Bank, listens to a journalist's question during a press conference, in Beirut, Lebanon. A New-York-based company that was contracted by Lebanon's government to conduct a forensic audit of the country's central bank has decided to pull out of the deal because it was not able to acquire needed information and documents, Lebanese outgoing finance minister said Friday, Nov. 20, 2020. (AP Photo/Hussein Malla, File)

Lebanon central bank governor denies transfer of capital

Jan. 21, 2021 9:14 AM EST

BEIRUT (AP) — The governor of Lebanon's Central Bank denied on Thursday that he had made any transfers of the bank's funds following a probe by Swiss authorities into money laundering and embezzlement. Gov. Riad Salameh's statement was released after he was questioned by Lebanon’s prosecutor...

Joe Biden is sworn in as the 46th president of the United States by Chief Justice John Roberts as Jill Biden holds the Bible during the 59th Presidential Inauguration at the U.S. Capitol in Washington, Wednesday, Jan. 20, 2021. (AP Photo/Andrew Harnik)

Analysis: Biden issues call to unity that comes with urgency

Jan. 20, 2021 2:59 PM EST

WASHINGTON (AP) — As newly inaugurated leaders often do, President Joe Biden began his tenure with a ritual call for American unity. But standing on the same Capitol steps where just two weeks ago violent rioters laid siege to the nation's democracy, Biden's words felt less like rhetorical flourishes and...

Demonstrators face police officers during clashes in Ettadhamen City near Tunis, Tuesday, Jan. 19, 2021. A growing groundswell of youth unrest, tapping into a well of economic frustration, is sweeping Tunisia and worrying its leadership all the way to the top. It is, after all, the country that triggered the 2011 Arab Spring revolutions. (AP Photo/Hassene Dridi)

Outreach by Tunisian leaders fails to quell youth unrest

Jan. 20, 2021 3:53 AM EST

TUNIS, Tunisia (AP) — Tunisian youth clashed with police overnight, maintaining their protests and riots over economic difficulties despite efforts by the president and the prime minister to calm tensions. "Your voice is heard, and your anger is legitimate, and it is my role and the role of the government...

Swiss attorney general investigates Lebanon's central bank

Jan. 19, 2021 1:53 PM EST

BEIRUT (AP) — The office of Switzerland's attorney general said Tuesday it requested legal assistance from Lebanese authorities for an investigation into possible money laundering and embezzlement tied to Lebanon's central bank. The Swiss attorney general confirmed in a statement it had opened an...

Tourists look at the skyline at sunset, in Dubai, United Arab Emirates, Tuesday, Jan. 12, 2021. Since becoming one of the world's first destinations to open up for tourism, Dubai has promoted itself as the ideal pandemic vacation spot. With peak tourism season in full swing, coronavirus infections are surging to unprecedented heights, with daily case counts nearly tripling in the past month, but in the face of a growing economic crisis, the city won't lock down and can't afford to stand still. (AP Photo/Kamran Jebreili)

Dubai, party haven amid pandemic, faces its biggest surge

Jan. 19, 2021 1:15 PM EST

DUBAI, United Arab Emirates (AP) — Masks off the minute you step inside. Bars packed and pulsing like it’s 2019. Social media stars waving bottles of champagne. DJs spinning party tunes through multi-hour brunches. Since becoming one of the world's first destinations to open up for tourism, Dubai,...