Latest Financial crisis News

People wait to ride a revolving swing at the Perry State Fair in New Lexington, Ohio, Friday, July 24, 2020. In the towns that speckle the Appalachian foothills of southeast Ohio, the pandemic has barely been felt. Coronavirus deaths and racial protests _ events that have defined 2020 nationwide _ are mostly just images on TV from a distant America. (AP Photo/Wong Maye-E)

In Appalachia, people watch COVID-19, race issues from afar

Oct. 1, 2020 1:16 AM EDT

BUCHTEL, Ohio (AP) — The water, so cold that it nearly hurts, spills relentlessly into a concrete trough from three pipes driven into a hillside near the edge of town. People have been coming to the trough for at least a century, since horses were watered here and coal miners stopped by to wash off the...

FILE - In this Nov. 3, 2014 file photo, Hezbollah leader Hassan Nasrallah addresses supporters in the southern suburb of Beirut, Lebanon. The Hezbollah leader said Tuesday, Sept. 29, 2020 they still welcome the French initiative to help Lebanon out of its crisis, but said Paris has to change its approach in dealing with local factions and not blame everyone for the failure of forming a new Cabinet. (AP Photo/Hussein Malla, File)

Hezbollah leaders tell French president to change approach

Sep. 29, 2020 5:57 PM EDT

BEIRUT (AP) — The leader of the militant Hezbollah group said Tuesday they still welcome the French initiative to help Lebanon out of its crisis, but said Paris has to change its approach in dealing with local factions and not blame everyone for the failure of forming a new Cabinet. French President...

Iranian parliament approves new trade and industry minister

Sep. 29, 2020 4:46 PM EDT

TEHRAN, Iran (AP) — Iran's parliament on Tuesday approved President Hassan Rouhani’s nominee for trade and industry minister. Ali Reza Razmhosseini will take on the post as Iran faces an unprecedented economic downturn amid intense pressure from the United States after President Donald Trump pulled...

German Finance Minister Olaf Scholz, right, delivers a speech during a budget debate as part of a meeting of the German federal parliament, Bundestag, at the Reichstag building in Berlin, Germany, Tuesday, Sept. 29, 2020. At left is German Chancellor Angela Merkel. (AP Photo/Michael Sohn)

German minister says debt won't reach financial crisis level

Sep. 29, 2020 4:45 PM EDT

BERLIN (AP) — Germany's debt load won't reach the level it did in the financial crisis a decade ago as a result of the coronavirus pandemic, the finance minister said Tuesday, and it will still look better than that of Germany's peers in the Group of Seven did before the virus outbreak. Olaf Scholz was...

Former Nissan Motor Co. Chairman Carlos Ghosn holds a press conference at the Maronite Christian Holy Spirit University of Kaslik, as he launches an initiative to help Lebanon that is undergoing a severe economic and financial crisis, in Kaslik, north of Beirut, Lebanon, Tuesday, Sept. 29, 2020. Ghosn was arrested in Japan in 2018, and was awaiting trial on charges of under-reporting future income and breach of trust when he jumped bail and escaped to Lebanon late last year. (AP Photo/Hussein Malla)

Carlos Ghosn launches initiative to help his native Lebanon

Sep. 29, 2020 4:44 PM EDT

BEIRUT (AP) — Former Nissan Motor Co. Chairman Carlos Ghosn made a new public appearance in Lebanon Tuesday during which he launched an initiative with a local university to help the country that is undergoing a severe economic and financial crisis. It is Ghosn’s second appearance in public since he...

FILE - In this Saturday, Dec. 3, 2016, file photo, Syrian children who were displaced with their family from eastern Aleppo play in the village of Jibreen south of Aleppo, Syria. An international aid group is warning that an additional 700,000 children in Syria face hunger because of the country's badly damaged economy and the impact of coronavirus restrictions. Save the Children said in a report released Tuesday, Sept. 29, 2020, that the new figures mean that in the last six months, the total number of food-insecure children across the country has risen to more than 4.6 million. (AP Photo/Hassan Ammar, File)

Aid group warns that 700,000 children in Syria risk hunger

Sep. 29, 2020 4:41 PM EDT

BEIRUT (AP) — An additional 700,000 children in Syria face hunger because of the country's badly damaged economy and the impact of coronavirus restrictions, an international aid group warned Tuesday. Save the Children said the new figures mean that in the last six months, the total number of food-insecure...

FILE - In this Sept. 24, 2020, file photo, cemetery workers place the coffin containing the remains of Jose de Arimateia, 65, who died from COVID-19 complications, into a niche at the municipal cemetery in Nova Iguacu, Brazil. The worldwide death toll from the coronavirus eclipsed 1 million, nine months into a crisis that has devastated the global economy, tested world leaders' resolve, pitted science against politics and forced multitudes to change the way they live, learn and work. (AP Photo/Silvia Izquierdo, File)

Worldwide death toll from coronavirus eclipses 1 million

Sep. 29, 2020 4:01 PM EDT

NEW DELHI (AP) — The worldwide death toll from the coronavirus has eclipsed 1 million, nine months into a crisis that has devastated the global economy, tested world leaders’ resolve, pitted science against politics and forced multitudes to change the way they live, learn and work....

A local resident Shin Dae-sik, 83, speaks during an interview at his home in Cheongju, South Korea, Friday, Sept. 25, 2020. The coronavirus is forcing South Koreans to celebrate their Thanksgiving holiday differently this year, that begin Wednesday, Sept. 30, 2020. Shin said about 15 family members assembled for Chuseok in past years but they decided not to do so this week. (AP Photo/Lee Jin-man)

The Latest: COVID-19 outbreak on ship off Australia's coast

Sep. 29, 2020 3:50 PM EDT

PERTH, Australia — Authorities are concerned by a COVID-19 outbreak aboard a cargo ship off Australia's northwest coast that has infected most of the crew. Eight more members of the Filipino crew tested positive for the new coronavirus on Monday, bringing the number of infections to 17 out of a crew of 21....

Lebanese army soldiers stand guard as anti-government protesters block a main highway during a demonstration against deteriorating economic conditions as politicians are deadlocked over forming a new government, in the town of Jal el-Dib, north of Beirut, Lebanon, Sunday, Sept. 27, 2020. Lebanese Prime Minister-designate Mustapha Adib resigned Saturday amid a political impasse over government formation, dealing a blow to French President Emmanuel Macron's efforts to break a dangerous stalemate in the crisis-hit country. (AP Photo/Bilal Hussein)

EU concerned over resignation of Lebanon's PM-designate

Sep. 28, 2020 2:14 PM EDT

BEIRUT (AP) — The European Union expressed “disappointment and concern” Monday about the resignation of Lebanon’s prime minister-designate over the weekend and urged the country’s leaders to do their best to form a Cabinet that meets the demands of the people. Mustapha...

French President Emmanuel Macron speaks during a press conference on the situation in Lebanon, Sunday, Sept.27, 2020 in Paris. Lebanon's prime minister-designate Moustapha Adib resigned Saturday amid a political impasse over government formation, dealing a blow to French President Emmanuel Macron's efforts to break a dangerous stalemate in the crisis-hit country. (AP Photo/Lewis Joly, Pool)

Macron 'ashamed' of Lebanon's political leaders amid crisis

Sep. 28, 2020 6:36 AM EDT

PARIS (AP) — French President Emmanuel Macron assailed Hezbollah and the entire Lebanese political class Sunday, and warned of a new civil war if they can’t set aside personal and religious interests to unlock international aid and save Lebanon from economic collapse. But Macron said France...