Financial crisis

FILE - In this Wednesday, Sept. 4, 2019 file photo, incoming President of the European Central Bank Christine Lagarde speaks to the European Parliament's Economic and Monetary Affairs Committee in Brussels. Newly appointed European Central Bank head Christine Lagarde makes her first official assessment Thursday, Dec. 12, 2019 of the mixed bag that is the eurozone economy, which suffers from slowing manufacturing and global trade even as consumer spending helps prop up growth. (AP Photo/Francisco Seco, File)
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December 12, 2019 - 11:30 am
FRANKFURT, Germany (AP) — Christine Lagarde is wasting no time in putting her stamp on the European Central Bank. The bank's new president said at her first news conference Thursday that she will lead a top to bottom review of how the institution sets monetary policy, looking at everything from how...
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New President of European Central Bank Christine Lagarde, right, talks to European Central Bank Vice President Luis de Guindos during a Finance Ministers Eurogroup meeting at the European Council headquarters in Brussels, Friday, Nov. 8, 2019. (AP Photo/Francisco Seco)
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December 10, 2019 - 11:47 am
FRANKFURT, Germany (AP) — Mario Draghi took over as head of the European Central Bank eight years ago amid market speculation that the euro currency union might break up. Christine Lagarde succeeds him with more breathing room - but facing serious challenges from a weak economy, policy differences...
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FILE - In this April 7, 2016, file photo Federal Reserve chair Janet Yellen, left, and former Federal Reserve chairs Ben Bernanke, center, and Paul Volcker, right, react as they listen to former Fed Chair Alan Greenspan appearing via video conference, during a panel discussion in New York. Volcker, the former Federal Reserve chairman died on Sunday, Dec. 8, 2019, according to his office, He was 92. (AP Photo/Kathy Willens, File)
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December 09, 2019 - 11:58 am
Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has died, according to his office. He was 92. Volcker took charge of the Fed in August 1979, when the U.S. economy...
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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)
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December 08, 2019 - 6:36 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)
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December 04, 2019 - 11:27 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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Protesters lie on a road, as they scream and hold each others while riot police try to remove them and open the road, in Beirut, Lebanon, Wednesday, Dec. 4, 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)
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December 03, 2019 - 8:26 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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FILE - In this Thursday, Jan. 15, 2009 file photo, village women receive aid from the charity organisation, Oxfam International, at a distribution centre in Chirumhanzi about 250 Kilometers South east of Harare. The United Nations says about half of Zimbabwe’s population faces severe hunger amid a devastating drought and economic collapse. The World Food Program notes a “vicious cycle of skyrocketing malnutrition that’s hitting women and children hardest.” More than 7 million people overall are in need. (AP Photo/Tsvangirayi Mukwazhi, File)
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December 03, 2019 - 8:44 am
HARARE, Zimbabwe (AP) — About half of Zimbabwe’s population faces severe hunger amid a devastating drought and economic collapse, the United Nations said Tuesday, noting a “vicious cycle of skyrocketing malnutrition that’s hitting women and children hardest.” The World Food Program said it plans to...
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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)
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November 29, 2019 - 1:05 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)
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November 29, 2019 - 5:50 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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Lebanese women shout slogans, as they hold an Arabic placard that reads:"No to violence, no to sectarianism, no to civil war," during a protest at a former Beirut frontline between Christian district of Ain el-Rummaneh and a Muslim Shiite district of Shiyah, in Beirut, Lebanon, Wednesday, Nov. 27, 2019. Hundreds of Lebanese women marched across a former front line in the Lebanese capital carrying white roses and Lebanese flags to denounce overnight clashes between rival groups that injured dozens of people. (AP Photo/Hussein Malla)
1010 WINS Newsroom
November 27, 2019 - 1:57 pm
BEIRUT (AP) — Hundreds of Lebanese women marched across a former front line in the Lebanese capital Wednesday carrying white roses and Lebanese flags to denounce overnight clashes between rival groups that injured dozens of people. They pledged no return to civil war. But amid a political impasse...
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