Financial crisis

AP Newsroom
September 09, 2019 - 10:41 am
HARARE, Zimbabwe (AP) — In a story Sept. 6 about the death of former Zimbabwean leader Robert Mugabe, The Associated Press reported erroneously that Mugabe was "the first post-colonial leader of what had been British-controlled Rhodesia." In fact, a white minority government in what was then known...
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The Zimbabwean flag flies at half-mast on a street in Harare, Saturday, Sept. 7, 2019. Zimbabwe's former leader Robert Mugabe, who ruled for 37 years after independence from white minority rule in 1980, has died at the age of 95. (AP Photo/Tsvangirayi Mukwazhi)
September 07, 2019 - 5:50 am
HARARE, Zimbabwe (AP) — Days of official mourning have begun in Zimbabwe for Robert Mugabe, who had become a national hero despite decades of rule that left the country struggling. Mugabe, an ex-guerrilla chief who took power in 1980 when Zimbabwe shook off white minority rule and presided for...
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FILE - In this Friday, Dec, 12, 2014 file photo Emmerson Mnangagwa, left, then Vice President of Zimbabwe chats with Zimbabwean President Robert Mugabe after the swearing in ceremony at State House in Harare. Mugabe, the former leader of Zimbabwe forced to resign in 2017 after a 37-year rule whose early promise was eroded by economic turmoil, disputed elections and human rights violations, has died. He was 95. (AP Photo/Tsvangirayi Mukwazhi, File)
September 06, 2019 - 3:36 pm
HARARE, Zimbabwe (AP) — The Latest on the death of former Zimbabwe leader Robert Mugabe (all times local): 9:30 p.m. U.N. Secretary-General Antonio Guterres says Robert Mugabe's "role in securing the independence of Zimbabwe and the fight against apartheid are key parts of his legacy." According to...
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A man walks by an electronic stock board of a securities firm in Tokyo, Friday, Sept. 6, 2019. Asian shares rose Friday as investors cheered plans for more trade negotiations between Washington and Beijing and drew encouragement from positive data about the U.S. economy. (AP Photo/Koji Sasahara)
September 06, 2019 - 7:57 am
TOKYO (AP) — Global shares mostly rose Friday ahead of U.S. jobs data for August, on renewed hopes for U.S.-China trade negotiations next month, and as the Chinese central bank's cut one of its interest rates. Economists have forecast that U.S. businesses and governments added 160,000 jobs last...
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FILE - This Monday, Aug. 8, 2011, file photo shows the Fannie Mae headquarters in Washington. The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, those are the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out by taxpayers at a total cost of $187 billion, Thursday, Sept. 5, 2019. (AP Photo/Manuel Balce Ceneta, File)
September 05, 2019 - 7:17 pm
WASHINGTON (AP) — The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out at a total cost to taxpayers of $187 billion. The...
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Riot police aim at protesters outside Mong Kok police station during a mod protests in Hong Kong on Wednesday, Sept. 4, 2019. Hong Kong Chief Executive Carrie Lam has announced the government will formally withdraw an extradition bill that has sparked months of demonstrations in the city, bowing to one of the protesters' demands. The bill would have allowed Hong Kong residents to be sent to mainland China for trials. It sparked massive protests that have become increasingly violent and caused the airport to shut down earlier this month. (AP Photo/Jae C. Hong)
September 04, 2019 - 8:38 pm
HONG KONG (AP) — Hong Kong leader Carrie Lam withdrew the extradition bill that sparked months of demonstrations, bowing to one of the protesters' demands in the hope of ending the increasingly violent unrest. But activists rejected Wednesday's move as insufficient and vowed not to yield until the...
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Incoming President of the European Central Bank Christine Lagarde speaks to the European Parliament's Economic and Monetary Affairs Committee in Brussels, Wednesday, Sept. 4, 2019. (AP Photo/Francisco Seco)
September 04, 2019 - 12:28 pm
FRANKFURT, Germany (AP) — Incoming European Central Bank head Christine Lagarde is defending the bank's record low rates and other stimulus measures as she prepares to take over with the economy facing trouble from trade wars and Brexit. During hearings in the European parliament, Lagarde said...
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In this photo released by Lebanon's official government photographer Dalati Nohra, Lebanese President Michel Aoun, center, meets with political leaders with the aim of finding solutions to the country's economic crisis, in the presidential palace, in Baabda, east of Beirut, Lebanon, Monday, Sept. 2, 2019. Aoun said in a speech at the opening of the one-day session that everyone should make "sacrifices" in order to get one of the world's most indebted countries out of its problems. (Dalati Nohra via AP)
September 04, 2019 - 9:50 am
BEIRUT (AP) — An international ratings agency warned Wednesday there is a risk that customer deposit flows, particularly by nonresidents, could continue to decline in Lebanon, resulting in an accelerated drawdown of foreign currency reserves that would test the highly indebted country's ability to...
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September 02, 2019 - 2:09 pm
NICOSIA, Cyprus (AP) — Cyprus' finance minister says the east Mediterranean island nation has repaid ahead of schedule the remaining 1.58 billion euros ($1.73 billion) of a 2.5 billion euro ($2.74 billion) loan it received from Russia in 2011 amid a brewing financial crisis. Harris Georgiades told...
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People use the ATMs of a bank in central Athens, Monday, Aug. 26, 2017. Greece's prime minister Kyriakos Mitsotakis says the country will soon lift the last remaining restrictions imposed on bank depositors more than four years ago at the height of the country's financial crisis. (AP Photo/Thanassis Stavrakis)
September 02, 2019 - 9:25 am
ATHENS, Greece (AP) — Greece has formally ended the last remaining banking restrictions imposed four years ago during a financial crisis that saw the country nearly crash out of the eurozone. The decision announced last week took full effect Monday as limits were lifted on international business...
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