WASHINGTON (AP) — President Joe Biden and Democrats in Congress are jamming their agenda forward with a sense of urgency, an unapologetically partisan approach based on the calculation that it’s...
SEOUL, South Korea (AP) — South Korea’s central bank says the country’s economy shrank for the first time in 22 years in 2020 as the coronavirus pandemic destroyed service industry jobs and...
SEOUL, South Korea -- South Korea’s central bank says the country’s economy shrank for the first time in 22 years in 2020 as the coronavirus pandemic destroyed service industry jobs and depressed...
BRUSSELS (AP) — The European Union is set to extend for around two more years the economic safety net it put in place to help save businesses and jobs from the impact of restrictions imposed to...
CHARLOTTE, N.C. (AP) — President Joe Biden's nominee to run the federal consumer watchdog agency indicated Tuesday that if confirmed he would restore more aggressive enforcement actions against...
BERLIN (AP) — The German economy grew 0.3% in last year's fourth quarter compared with the previous three-month period, official data showed Wednesday — a better performance than first...
LONDON (AP) — The British economy suffered its biggest decline in more than 300 years in 2020 as the coronavirus pandemic closed shops and restaurants, devastated the travel industry and curtailed...
BERLIN (AP) — Germany's exports plunged by 9.3% last year as the coronavirus pandemic dragged down demand, the biggest drop since the financial crisis in 2009, official data showed...
WASHINGTON (AP) — They’ve endured a financial crisis. Two deep recessions. Mounds of student debt. Stagnant pay. Costly health care. Dim job prospects.
TRIPOLI, Lebanon (AP) — Lebanese rioters set fire to several buildings in the northern city of Tripoli Thursday as outrage over the country's coronavirus lockdown and inaction of the political...
BEIRUT (AP) — Lebanon’s foreign minister held talks Monday with the Swiss ambassador to Beirut after Switzerland started a probe into possible money laundering and embezzlement at the Mideast...
GENEVA (AP) — Four times as many jobs were lost last year due to the coronavirus pandemic as during the worst part of the global financial crisis in 2009, a U.N. report said Monday.
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...
WASHINGTON (AP) — President-elect Joe Biden has chosen Rohit Chopra to be the director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm the...
BEIRUT (AP) — The World Bank approved a $246 million loan to Lebanon to provide emergency cash assistance to nearly 800,000 Lebanese reeling under the country’s compounded economic and health...
WASHINGTON (AP) — Newly released transcripts show that many Federal Reserve officials had concerns in late 2015 over whether they were making a mistake in raising a key interest rate for the first...
WASHINGTON (AP) — The global economy will experience a subdued recovery this year from the devastating pandemic, the World Bank predicted Tuesday, but it warned that the near-term outlook is...
JAKARTA, Indonesia (AP) — Indonesia’s president announced a Cabinet reshuffle Tuesday following the arrest of two of his ministers on corruption charges and his administration’s lackluster...
MILAN (AP) — The coronavirus pandemic did not produce Elena Simone's first budgetary rough patch. The 49-year-old single mother found herself out of the job market when the 2008 global financial...
BEIRUT (AP) — Lebanon’s economy faces an “arduous and prolonged depression,” with real GPD projected to plunge by nearly 20% because its politicians refuse to implement reforms that would speed up...
ATHENS, Greece (AP) — The International Monetary Fund said Monday that Greece's huge public debt remains sustainable in the medium term despite “unprecedented uncertainty” to all sectors of the...
WASHINGTON (AP) — Janet Yellen is in line for another top economic policy job — just in time to confront yet another crisis.
Yellen, President-elect Joe Biden's apparent choice for treasury...
GENEVA (AP) — The CEO of the main trade group for global airlines will step down next March, and organization officials are supporting a former British Airways CEO to replace him.
BEIRUT (AP) — A New-York-based company contracted by the Lebanese 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...
WASHINGTON (AP) — Jay Clayton, a former Wall Street lawyer who has headed the Securities and Exchange Commission as the financial markets’ top regulator during the Trump administration, is leaving...
BEIRUT (AP) — Lebanese police on Saturday patrolled the streets of the capital Beirut, ordering shops to close as the country began a two-week lockdown to limit the spread of the coronavirus that...
WASHINGTON (AP) — The U.S. is starting the 2021 budget year the way the old year ended, with soaring deficits.
The Treasury Department reported Thursday that the federal government ran up a...
LONDON (AP) — U.K. unemployment rose to its highest level since 2016 in the three months through September as the COVID-19 pandemic forced employers to shed workers, the Office for National...
JAKARTA, Indonesia (AP) — Indonesia’s economy has fallen into recession for the first time since the Asian financial crisis more than two decades ago as the country struggles to control the...
BEIRUT (AP) — Lebanon and Israel held a second round of U.S.-mediated talks Wednesday over their disputed maritime border and agreed to continue discussions on the next day.
ATHENS, Greece (AP) — The Greek government's opposition is trying to block new insolvency legislation that it argues would leave vulnerable mortgage holders more exposed to repossession during the...
WASHINGTON (AP) — The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous record, as the coronavirus pandemic shrank revenues and...
BEIRUT (AP) — Lebanon's President Michel Aoun has called for binding consultations with members of parliament next week to name a new prime minister, his office said Wednesday.
ATHENS, Greece (AP) — Microsoft has announced plans to build three data center sites in greater Athens, providing a badly needed investment of up to $1 billion to the Greek economy which has been...
ATHENS, Greece (AP) — Greece’s economy will contract by an estimated 8.2% this year due to the effects of the coronavirus pandemic before picking up next year, the government said Monday as it...
DUBAI, United Arab Emirates (AP) — The Dubai-based construction company that helped build the world's tallest building and other engineering marvels in the United Arab Emirates announced Thursday...
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...
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...
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...
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...
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...
BEIRUT (AP) — Lebanon’s prime minister-designate resigned Saturday amid a political impasse over government formation, dealing a blow to French President Emmanuel Macron’s efforts to break a...