Financial crisis

President’s power to can independent agency heads faces test

WASHINGTON (AP) — The Supreme Court is about to tell President Donald Trump whether he has more power to use a favorite ...
12:49 1 March 2022

Markets slide, auto show canceled as virus impact spreads

LONDON (AP) — Stock markets are heading for their worst week since 2008, Europe’s top auto show has been canceled and co...
12:51 28 February 2022

Global stocks fall again on fear of virus impact on economy

Global stock markets plunged further Friday on spreading fears over the impact of the new coronavirus, with some indexes...
12:50 28 February 2022

Morgan Stanley to buy E-Trade for $13 billion

NEW YORK (AP) — Investment bank Morgan Stanley announced it would buy the online brokerage E-Trade for roughly $13 billi...
13:38 20 February 2022

RBS changes name to NatWest in bid to shed legacy of bailout

LONDON — The majority state-owned U.K. bank RBS announced a name change on Friday as it tries to leave behind its near-collapse during the 2008 financ...
10:57 14 February 2022

Survey: University investments saw slower growth in 2019

BOSTON — Most U.S. universities made money on their financial investments last year, but their returns were tempered by a global economic slowdown fue...
5:25 30 January 2022

Greece deal with Lockheed seals major air force upgrade

Greece says it has signed an agreement with U.S. defense contractor Lockheed Martin that will allow a major upgrade of its F-16 fighter jet fleet over...
20:25 27 December 2022

Lebanon’s caretaker PM no longer candidate for post

BEIRUT — Lebanon's caretaker prime minister said Wednesday he's no longer a candidate for the post, eliminating himself from consideration with no cle...
19:36 18 December 2021

3rd night of clashes as Lebanon puts off talks on new PM

BEIRUT — A group of men clashed with security forces in Beirut for the third consecutive night Monday, hours after Lebanon's president postponed talks...
23:27 16 December 2021

Lebanon’s outgoing PM backs businessman to replace him

BEIRUT — Lebanon’s outgoing Prime Minister Saad Hariri said Tuesday he supports the nomination of a prominent contractor to become the next premier, a...
1:26 4 December 2021

Eurozone unemployment’s falls to lowest rate since July 2008

LONDON — Unemployment across the 19-country eurozone has fallen to its lowest rate since July 2008 even though growth is cooling in the face of headwi...
10:50 29 November 2021

In Lebanon, financial collapse and security concerns loom

BEIRUT — Hundreds of Lebanese women marched across a former front line in the Lebanese capital Wednesday carrying white roses and Lebanese flags to de...
18:57 27 November 2021

Fear, turmoil in Lebanon as its financial crisis worsens

BEIRUT — On one of Beirut’s main commercial streets, store owners are cutting salaries by half or considering shutting down. Shops advertise sales, bu...
6:09 21 November 2021

As economy slows, new ECB head Lagarde faces big challenges

FRANKFURT, Germany — Europe's economy is losing strength. Top officials at the European Central Bank are at odds over policy. And it's even unclear wh...
11:52 31 October 2021