Financial crisis

FILE - In this Sunday, Dec. 18, 2016 file photo, Dubai Parks & Resorts celebrates it's opening ceremony with fireworks in Dubai, United Arab Emirates. The Dubai firm DXB Entertainments said Tuesday July 3, 2019, it will pay $7.5 million to Six Flags after abandoning plans to build a version of the U.S. amusement park in the emirates amid a slowdown in the economy. (AP Photo/Kamran Jebreili, File)
July 03, 2019 - 3:04 am
DUBAI, United Arab Emirates (AP) — A Dubai firm said Tuesday it will pay $7.5 million to Six Flags after abandoning plans to build a version of the U.S. amusement park in the United Arab Emirates amid a slowdown in the economy. DXB Entertainments, which runs Dubai Parks & Resorts, said it...
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People shop at the old main bazaar in Tehran, Iran, Tuesday, July 2, 2019. From an English-language teacher hoping for peace to an appliance salesman who applauded Donald Trump as a “successful businessman,” all said they suffered from the economic hardships sparked by re-imposed and newly created American sanctions. (AP Photo/Ebrahim Noroozi)
July 02, 2019 - 8:40 am
TEHRAN, Iran (AP) — While opinions differ across Tehran's Grand Bazaar about the ongoing tensions between the U.S. and Iran over its unraveling nuclear deal, there's one thing those in the beating heart of Iran's capital city agree on: American sanctions hurt the average person, not those in charge...
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Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, and non OPEC members at their headquarters in Vienna, Austria, Monday, July 1, 2019. (AP Photo/Ronald Zak)
July 01, 2019 - 2:27 pm
VIENNA (AP) — OPEC is extending its deal to cut production for another nine months in bid to keep oil prices from sagging as the oil cartel faces a weakening outlook for global demand. The decision among the members of the Organization of the Petroleum Exporting Countries came during a meeting...
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A worker carries scaffolding as he walks to a job in Havana, Cuba, Thursday, June 27, 2019. Cuban President Miguel Díaz-Canel says the country's governing council has approved economic measures including a rise in state salaries, long seen as a first step toward ending the country's dual-currency system which is expected to create a chain reaction that includes higher inflation. (AP Photo/Ismael Francisco)
June 27, 2019 - 5:34 pm
HAVANA (AP) — The Cuban government said Thursday that it is raising state salaries as part of a broader package of economic reforms, but it revealed no details of its larger plan beyond increasing worker compensation. A salary increase has long been seen as one of the first steps in the unification...
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FILE - In this May 2, 2019, file photo Mark Carney the Governor of the Bank of England speaks during an Inflation Report Press Conference at the Bank of England in the City of London. The Bank of England is open to the idea of letting new payment services such as Facebook's upcoming Libra hold funds with the central bank, Carney said Thursday, June 20. (AP Photo/Matt Dunham, Pool, File)
June 26, 2019 - 3:13 am
LONDON (AP) — Bank of England Governor Mark Carney says he'd be inclined to back a stimulus package to shore up the British economy if the country crashes out of the European Union at the end of October with no deal. In testimony to lawmakers, Carney said Wednesday that the response from the bank's...
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Federal Reserve Chair Jerome Powell speaks on the economy outlook and monetary policy review at the Council on Foreign Relations, in New York, Tuesday, June 25, 2019. (AP Photo/Richard Drew)
June 25, 2019 - 12:41 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday the economic outlook has become cloudier since early May, with rising uncertainties over trade and global growth causing the central bank to reassess its next move on interest rates. Speaking to the Council on Foreign Relations...
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FILE - In this June 20, 2019, file photo traders gather at a post on the floor of the New York Stock Exchange as they wait for the Slack Technologies IPO to begin trading. Stocks are off to a mixed start on Wall Street on Monday, June 24, as gains for technology companies are offset by losses in health care and other sectors. (AP Photo/Richard Drew, File)
June 24, 2019 - 1:55 pm
The U.S. stock market capped a day of listless trading with modest losses Monday as investors focused on upcoming trade talks between the U.S. and China. The major stock indexes drifted between small gains and losses for much of the day, though smaller company stocks had their worst day since May...
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June 21, 2019 - 2:13 pm
NEW YORK (AP) — All 18 of the nation's largest and most complex banks are strong enough to withstand a severe economic downturn and would be able to stay in business without collapsing, the Federal Reserve said Friday. The results are from the first round of the central bank's annual stress tests,...
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June 20, 2019 - 10:56 am
WASHINGTON (AP) — The Supreme Court will decide a challenge to the oversight board established by Congress in response to Puerto Rico's financial crisis. The justices said Thursday they are adding the issue to their term that begins in October and will hear the case that month. Hedge funds that...
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FILE - In this April 25, 2019, file photo an address sign for Facebook Way is shown in Menlo Park, Calif. Facebook unveiled a broad plan Tuesday, June 18, to create a new digital currency. (AP Photo/Jeff Chiu, File)
June 18, 2019 - 11:33 am
NEW YORK (AP) — The Latest on Facebook's new digital currency (all times local): 2:30 p.m. One regulatory expert believes Facebook's new currency will "almost surely" fall under new U.S. regulation adopted in the wake of the 2008 financial crisis. Karen Shaw Petrou, managing partner of Federal...
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