Financial crisis

FILE - In this Aug. 12, 2019, file photo, ground crew drive past Cathay Pacific Airways planes park at the Hong Kong International Airport. Hong Kong airline Cathay Pacific Airways is asking its 27,000 employees to take three weeks of unpaid leave while the Hong Kong carrier struggles with plunging revenue due to China's virus outbreak. (AP Photo/Vincent Thian, File)
February 05, 2020 - 1:47 am
HONG KONG (AP) — Cathay Pacific Airways asked its 27,000 employees on Wednesday to take three weeks of unpaid leave while the Hong Kong carrier struggles with plunging revenue due to China's virus outbreak. In a video message to employees, CEO Augustus Tang said the situation is as grave as the...
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In this Jan. 27, 2020 photo, anti-government protesters, who were injured during clashing with riot police, pose for a group picture after a check up with an ophthalmologist at a hospital in Beirut, Lebanon. The five pledged that they’ll be back in the streets soon. Such resolve signals that demands for sweeping government reforms won’t be squashed easily, even as security forces resort to more violent means of crowd control, such as rubber bullets. (AP Photo/A.J. Naddaff)
February 04, 2020 - 2:51 am
BEIRUT (AP) — At a Beirut hospital ward, five Lebanese protesters with bandaged eyes and faces huddled in a circle, their arms wrapped around each other, and they vowed to be back on the streets soon, despite their wounds from recent clashes with police. “We are coming back,” said one of them, 20-...
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FILE - This Oct. 2002 file photo shows former President of Kenya Daniel arap Moi. Moi, a former schoolteacher who became Kenya’s longest-serving president and presided over years of repression and economic turmoil fueled by runaway corruption, has died. He was 95. (AP Photo/Sayyid Abdul Azim, File)
February 04, 2020 - 2:16 am
NAIROBI, Kenya (AP) — Daniel arap Moi, a former schoolteacher who became Kenya’s longest-serving president and presided over years of repression and economic turmoil fueled by runaway corruption, has died. He was 95. Moi's death was announced by President Uhuru Kenyatta in a statement Tuesday. Moi...
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A worker wearing a protective suit stands in front of an electronic display board in the lobby of the Shanghai Stock Exchange building in Shanghai, Monday, Feb. 3, 2020. The Shanghai Composite index tumbled 8.7% Monday then rebounded slightly as Chinese regulators moved to stabilize markets reopening from a prolonged national holiday despite a rising death toll from a new virus that has spread to more than 20 countries. (AP Photo)
February 03, 2020 - 4:51 am
BANGKOK (AP) — China's main stock index tumbled nearly 8% Monday as the country's markets reopened and regulators sought to calm investors over the impact of a virus that has spread to more than 20 countries and killed more than 360 people. Other markets, including in Europe and Wall Street futures...
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Mark Carney, Governor of the Bank of England attends the Bank of England's Monetary Policy Report news conference in the City of London, Thursday Jan. 30, 2020. The Bank of England on Thursday opted against cutting interest rates after a run of fairly firm economic data in the past week eased fears about a dramatic slowdown in the British economy. (Jonathan Brady/Pool via AP)
January 30, 2020 - 9:45 am
LONDON (AP) — The Bank of England on Thursday opted against cutting interest rates amid signs of improvement in the British economy in the run-up to Britain's imminent departure from the European Union. The bank said in a statement that its Monetary Policy Committee voted 7-2 to keep the key U.K...
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FILE - In this March 7, 2017 file photo, rowers paddle down the Charles River past the campus of Harvard University in Cambridge, Mass. An annual survey finds that most U.S. universities made money on their financial investments last year, but their returns were tempered by a global economic slowdown fueled by America’s trade war with China. Harvard University remained the wealthiest school in the U.S., with an endowment valued at nearly $40 billion. (AP Photo/Charles Krupa, File)
January 29, 2020 - 9:25 pm
BOSTON (AP) — Most U.S. universities made money on their financial investments last year, but their returns were tempered by a global economic slowdown fueled by America’s trade war with China, according to an annual survey of school finance chiefs. The survey, released Thursday, found that college...
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FILE - In this Thursday, Dec. 13, 2007, file photo, British Prime Minister Gordon Brown, foreground, signs the EU's Lisbon Treaty in Lisbon, Portugal. Brown, who was more circumspect about the European Union than his immediate predecessor Tony Blair, turned up late for the signing of the treaty. On Jan. 31, 2020, Britain is scheduled to leave the EU after 47 years of membership. ( AP Photo/Paulo Duarte/File)
January 26, 2020 - 9:57 am
LONDON (AP) — Britain officially leaves the European Union on Jan. 31 after a debilitating political period that has bitterly divided the nation since the 2016 Brexit referendum. Difficult negotiations setting out the new relationship between Britain and its European neighbors will continue...
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January 24, 2020 - 3:50 pm
ATHENS, Greece (AP) — Fitch ratings agency on Friday raised Greece's credit rating by one notch to BB with a positive outlook, implying that a further upgrade could come in the future. The country emerged from a ten-year financial crisis in 2018, and its credit is still rated between two and four...
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Anti-government protesters throw stones at the riot police during ongoing protests in Beirut, Lebanon, Wednesday, Jan. 22, 2020. Lebanon's new government has held its first meeting a day after it was formed following a three-month political vacuum. (AP Photo/Bilal Hussein)
January 22, 2020 - 11:04 am
BEIRUT (AP) — Lebanon's new government made of appointees nominated by the Shiite group Hezbollah and its allies got down to business Wednesday, a day after it was formed. Questions arose immediately about its ability to halt spiraling violence and economic and financial collapse. As the government...
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Katerina Sakellaropoulou, head of the Council of State waits at her office in Athens on Wednesday, Jan. 22, 2020. Greece's lawmakers elected their country's first female president Wednesday, with an overwhelming majority voting to give high court judge Katerina Sakellaropoulou the largely ceremonial post. (Orestis Panagiotou/Pool via AP)
January 22, 2020 - 5:46 am
ATHENS, Greece (AP) — Greece’s lawmakers elected their country’s first female president Wednesday, with an overwhelming majority voting in favor of high court judge Katerina Sakellaropoulou. Speaking after being formally informed of the parliament vote, Sakellaropoulou said she would aim for the “...
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