Financial crisis

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 - 2:33 pm
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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FILE - In this April 29, 2019, file photo, Palestinian President Mahmoud Abbas, center, chairs a session of the weekly cabinet meeting in the West Bank city of Ramallah. Leaked documents showing the Palestinian Cabinet secretly gave itself a generous raise have rocked the West Bank, where the cash-strapped government has been forced to slash the salaries of its employees. The raises were kept secret from the public and approved by President Mahmoud Abbas, two senior officials said, overriding a 2004 law that fixed ministers' salaries. (AP Photo/Majdi Mohammed, Pool, File)
June 04, 2019 - 12:29 pm
RAMALLAH, West Bank (AP) — The Palestinian labor market in the West Bank was limping along in 2017, with unemployment stubbornly high and economic growth slowing. But that didn't stop the Palestinian Cabinet from secretly giving itself a series of lavish payouts and perks, highlighted by a 67%...
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June 04, 2019 - 10:59 am
NICOSIA, Cyprus (AP) — The foreign ministers of Cyprus, Greece and Armenia say they have laid the foundations to forge closer ties and help promote stability and prosperity in the region. The three men said in their first three-way talks in the Cypriot capital Tuesday that they're exploring ways to...
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FILE - In this Saturday, May 18, 2019 file photo, supporters reach out to touch their leader during a rally organized by League leader Matteo Salvini, with leaders of other European nationalist parties, ahead of the May 23-26 European Parliamentary elections, in Milan, Italy. The European Parliament elections have never been so hotly anticipated or contested, with many predicting that this year’s ballot will mark a coming-of-age moment for the euroskeptic far-right movement. The elections start Thursday May 23, 2019 and run through Sunday May 26 and are taking place in all of the European Union’s 28 nations. (AP Photo/Luca Bruno, File)
May 22, 2019 - 3:21 am
BRUSSELS (AP) — The European Parliament elections that start Thursday have never been so hotly anticipated, with many predicting that this year's ballot will mark a coming-of-age moment for the euroskeptic far-right movement. The elections, which run through Sunday and take place in all of the...
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May 20, 2019 - 7:00 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says a sharp rise in corporate debt is being closely monitored but currently the Fed does not see the types of threats that triggered the 2008 financial crisis. In remarks prepared for a banking conference in Fernandina Beach, Florida, Powell...
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FILE - In this April 29, 2019, file photo, Palestinian President Mahmoud Abbas, center, chairs a session of the weekly cabinet meeting in the West Bank city of Ramallah. The Trump administration will unveil the first phase of its long-awaited blueprint for Mideast peace next month at a conference in the region designed to highlight economic benefits that could be reaped if the Israeli-Palestinian conflict is resolved, the White House said Sunday, May 19. Jared Kushner and Jason Greenblatt, envoy of international negotiations, have been leading efforts to write the plan, but so far, there's been no participation from the Palestinians. (AP Photo/Majdi Mohammed, Pool, File)
May 20, 2019 - 9:41 am
JERUSALEM (AP) — The Palestinian prime minister said Monday that any American peace plan that ignores the Palestinian people's aspirations for an independent state is doomed to fail. Mohammad Shtayyeh's comments immediately cast a cloud over the American-led Mideast peace conference expected to...
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FILE - In this March 31, 2008 file photo, Argentina's President Cristina Fernandez, left, talks to her Chief of Cabinet, Alberto Fernandez, during a meeting at the presidential palace in Buenos Aires. Cristina Fernandez announced on Saturday her candidacy for vice president in October's general elections on Saturday, May 18, 2019, and that Alberto Fernández will run for the presidency against conservative President Mauricio Macri. (AP Photo/Natacha Pisarenko, File)
May 18, 2019 - 3:17 pm
BUENOS AIRES, Argentina (AP) — Argentina's former President Cristina Fernández announced on Saturday her candidacy for vice president in October's general elections, a surprising move that now puts a more moderate challenger at the helm of the presidential ticket. In a video posted on Twitter on...
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A currency trader watches the computer monitors near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Wednesday, May 15, 2019. Asian stocks followed Wall Street higher on Wednesday after President Donald Trump downplayed his escalating tariff war with Beijing and said a settlement is possible.(AP Photo/Lee Jin-man)
May 15, 2019 - 7:55 am
BEIJING (AP) — Stock markets mostly turned lower in European trading Wednesday over the trade dispute between the U.S. and China, even though President Donald Trump said a settlement was still possible. London's FTSE 100 slipped 0.1% to 7,235 while France's CAC 40 shed 0.4% to 5,321. Despite a...
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FILE - In this April 16, 2019, file photo, Chinese automaker Geely Auto displays a sedan from its new electric brand Geometry during the Auto Shanghai 2019 show in Shanghai. China's auto sales sank 17.7% in April from a year earlier, the 10th straight month of decline amid trade tension with Washington and an economic slowdown. (AP Photo/Ng Han Guan, File)
May 14, 2019 - 1:27 am
BEIJING (AP) — China's auto sales sank 17.7% in April from a year earlier, the 10th straight month of decline amid trade tension with Washington and an economic slowdown. Drivers in the industry's biggest global market bought 1.6 million sedans, SUVs and minivans, according to an industry group,...
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FILE - In this April 17, 2019 file photo, people wait in line to buy chicken at a government-run grocery store in Havana, Cuba. The Cuban government said Friday, May 10, that it will begin widespread rationing of chicken, eggs, rice, beans, soap and other basic products in the face of a grave economic crisis. (AP Photo/Ramon Espinosa, File)
May 10, 2019 - 10:41 pm
HAVANA (AP) — The Cuban government announced Friday that it is launching widespread rationing of chicken, eggs, rice, beans, soap and other basic products in the face of a grave economic crisis. Commerce Minister Betsy Díaz Velázquez told the state-run Cuban News Agency that various forms of...
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