Financial crisis

Iranian President Hassan Rouhani speaks while submitting next year's budget bill to the parliament in Tehran, Iran, Sunday, Dec. 8, 2019. Rouhani said his country will depend less on oil revenue next year, in a new budget that is designed to resist crippling U.S. trade embargoes. (AP Photo/Vahid Salemi)
December 08, 2019 - 5:36 am
TEHRAN, Iran (AP) — Iran's president said on Sunday his country will depend less on oil revenue next year, in a new budget that is designed to resist crippling U.S. trade embargoes. Iran is in the grip of an economic crisis. The U.S. re-imposed sanctions that block Iran from selling its crude oil...
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A woman uses ATM outside a bank, as a Lebanese policeman stands guard, in Beirut, Lebanon, Wednesday, Nov. 20, 2019. Lebanon’s worsening financial crisis has thrown businesses and households into disarray. Banks are severely limiting withdrawals of hard currency, and Lebanese say they don’t know how they’ll pay everything from tuitions to insurance and loans all made in dollars. Politicians are paralyzed, struggling to form a new government in the face of tens of thousands of protesters in the streets for the past month demanding the entire leadership go. (AP Photo/Bilal Hussein)
December 04, 2019 - 10:27 am
BEIRUT (AP) — Lebanon’s central bank on Wednesday dramatically lowered interest rates on dollar and Lebanese pound deposits and loans — the latest measure to shore up the country’s banking system amid a burgeoning economic crisis. Banque de Liban also announced that for the next six months it would...
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A Syrian refugee sits next to his belongings as he waits to board a bus to take him home to Syria, in Beirut, Lebanon, Tuesday, Dec. 3, 2019. Hundreds of Syrian refugees have headed home in the first batch to leave Lebanon since protests broke out more than a month ago. Lebanon is hosting some 1 million Syrian refugees who fled their country after the war broke out eight years ago. (AP Photo/Hussein Malla)
December 03, 2019 - 6:49 pm
BEIRUT (AP) — Lebanon’s outgoing Prime Minister Saad Hariri said Tuesday he supports the nomination of a prominent contractor to become the next premier, a move that will likely pave the way for the formation of a new Cabinet amid a severe economic and financial crisis. The news of the possible...
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Protesters chant slogans during ongoing protests against the Lebanese political class as riot police stand guard in front of Finance Ministry building in Beirut, Lebanon, Friday, Nov. 29, 2019. Protesters have been holding demonstrations since Oct. 17 demanding an end to widespread corruption and mismanagement by the political class that has ruled the country for three decades. (AP Photo/Bilal Hussein)
November 29, 2019 - 12:05 pm
BEIRUT (AP) — Angry motorists blocked roads with their vehicles in Beirut and other parts of Lebanon on Friday, creating traffic jams to protest a strike by owners of gas stations demanding an increase in gasoline prices as the local currency drops and the nation slides deeper into a financial...
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The new President of the European Central Bank Christine Lagarde adds her signature to an oversize euro banknote at the ECB in Frankfurt, Germany, Wednesday, Nov. 27, 2019. (AP Photo/Michael Probst)
November 29, 2019 - 4:50 am
LONDON (AP) — Unemployment across the 19-country eurozone has fallen to its lowest rate since July 2008 even though growth is cooling in the face of headwinds like the U.S.-China trade war and uncertainty related to Britain’s departure from the European Union. The European Union’s statistics agency...
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File-This July 31, 2019 file photo shows the Federal Reserve Building in Washington. The Federal Reserve says corporate debt remains at historically high levels but overall the U.S. financial system is resilient, a view in sharp contrast to the problems that led to the 2008 financial crisis. (AP Photo/Patrick Semansky, File)
November 15, 2019 - 4:54 pm
WASHINGTON (AP) — The Federal Reserve said Friday that corporate debt remains at historically high levels but overall the U.S. financial system is resilient, a view in sharp contrast to the problems that led to the 2008 financial crisis. In its twice-yearly “Financial Stability Report,” the Fed...
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People use an ATM outside a closed bank, in Beirut, Lebanon, Wednesday, Oct. 30, 2019. Lebanese banks have been closed for the last two weeks as the government grapples with mass demonstrations that have paralyzed the country, but an even greater crisis may set in when they reopen Friday. (AP Photo/Hussein Malla)
October 30, 2019 - 1:54 pm
BEIRUT (AP) — Lebanese banks have been closed for the last two weeks as the government grapples with mass demonstrations that have paralyzed the country, but an even greater crisis may set in when they reopen Friday. There are concerns the government might not have enough foreign reserves to defend...
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A supporter of Lebanese Prime Minister Saad Hariri burns garbage containers to block a main road, in Beirut, Lebanon, Tuesday, Oct. 29, 2019. Hariri resigned Tuesday, bowing to one of the central demands of anti-government demonstrators shortly after baton-wielding Hezbollah supporters rampaged through the main protest camp in Beirut, torching tents, smashing plastic chairs and chasing away protesters. (AP Photo/Bilal Hussein)
October 29, 2019 - 6:24 pm
BEIRUT (AP) — Lebanon's prime minister resigned Tuesday, bowing to one of the central demands of anti-government demonstrators shortly after baton-wielding Hezbollah supporters rampaged through the main protest camp in Beirut, torching tents, smashing plastic chairs and chasing away protesters. The...
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Peronist presidential candidate Alberto Fernández, right, and running mate, former President Cristina Fernández, address supporters after incumbent President Mauricio Macri conceded defeat at the end of election day in Buenos Aires, Argentina, Sunday, Oct. 27, 2019. (AP Photo/Natacha Pisarenko)
October 28, 2019 - 4:21 pm
BUENOS AIRES, Argentina (AP) — Divisive Peronist leader and former Argentine President Cristina Fernández is once again in a top position of power, a development that rattled investors Monday even as financial experts said it was unlikely the economically troubled South American country would fully...
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European Union foreign policy chief Federica Mogherini addresses the audience during a high level conference about Venezuela migration crisis, in Brussels, Monday, Oct. 28, 2019. Hundreds of representatives from governments, international agencies and charity groups gathered in Brussels Monday for a "solidarity conference" to drum up support millions of Venezuelans who have fled the political crisis and to help neighboring countries that are taking them in. (AP Photo/Francisco Seco)
October 28, 2019 - 1:38 pm
BRUSSELS (AP) — The European Union and the U.N. refugee agency appealed Monday for support for millions of Venezuelans who have fled the political crisis, and for help to bolster the poverty-wracked country's neighbors as they strain under the burden of hosting most of them. The South American...
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