Financial crisis

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,...
Read More
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...
Read More
Chinese shopper walk by shelves displaying Chinese-made flatscreen TV's at Walmart in Beijing, Thursday, May 9, 2019. Chinese exporters of all sorts of products, from power adapters and computers to vacuum cleaners, are anxiously hoping trade talks in Washington this week will yield a deal that might stave off higher U.S. tariffs on imports from China. (AP Photo/Andy Wong)
May 09, 2019 - 10:32 pm
BEIJING (AP) — Chinese exporters of all sorts of products, from power adapters and computers to vacuum cleaners, are anxiously hoping trade talks in Washington this week will yield a deal that might stave off higher U.S. tariffs on imports from China. Companies across China are bracing for a tariff...
Read More
May 09, 2019 - 12:12 pm
SAN JUAN, Puerto Rico (AP) — A federal control board that oversees Puerto Rico's finances voted on Thursday to extend its power and bring all of the U.S. territory's 78 municipalities under its supervision for the first time. The board announced that it also will require fiscal plans and budgets...
Read More
FILE - In this May 1, 2019, file photo Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee in Washington. Powell says the United States needs to find ways to address a decades-long slowdown in income growth and upward economic mobility. (AP Photo/Patrick Semansky, File)
May 09, 2019 - 12:03 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Thursday the United States needs to find ways to address a decades-long slowdown in income growth and upward economic mobility. In a speech at a Fed research conference, Powell said that incomes have grown more slowly for middle-class...
Read More
A cargo ship is seen on the river Main with the bank buildings in background in Frankfurt, Germany, late Wednesday, April 17, 2019. (AP Photo/Michael Probst)
April 30, 2019 - 7:37 am
LONDON (AP) — The recent slowdown in the eurozone economy, which had stoked fears that another recession was around the corner, appears to have come to an end. Official figures released Tuesday show that the 19-country single currency bloc saw economic growth double in the first quarter of the year...
Read More
FILE - In this Aug. 15, 2018, file photo, a visitor talks on his phone in front of a display of manufacturing robots from Chinese robot maker Honyen at the World Robot Conference in Beijing, China. Two surveys show Chinese factory activity grew in April but below the previous month's pace amid a tariff battle with Washington. (AP Photo/Mark Schiefelbein, File)
April 30, 2019 - 12:41 am
BEIJING (AP) — China's factory activity grew in April despite a tariff war with Washington, two surveys showed Tuesday, adding to signs a slowdown in the world's second-largest economy might be bottoming out. Activity was weaker than the previous month but an improvement over February, when...
Read More
April 25, 2019 - 2:48 am
LONDON (AP) — Royal Bank of Scotland says chief executive Ross McEwan is stepping down after 5 1/2 years overseeing the restructuring of a bank that was bailed out by the government during the global financial crisis. RBS said Thursday that McEwan will remain CEO while it conducts an internal and...
Read More
A cargo ship is seen on the river Main with the bank buildings in background in Frankfurt, Germany, late Wednesday, April 17, 2019. (AP Photo/Michael Probst)
April 24, 2019 - 6:01 am
FRANKFURT, Germany (AP) — An index of German business optimism fell in April as Europe's largest economy struggles with a slowdown in trade and manufacturing even as it finds support from a strong labor market. The Ifo institute said Wednesday its business climate index slipped to 99.2 points from...
Read More
This Tuesday, April 16, 2019 photo shows the Coca Cola Arena in front of world tallest building, Burj Khalifa, in Dubai, United Arab Emirates. Dubai unveils its latest mega-project, a stadium and arena in the heart of a super luxe shopping and dining destination, even as the economy slows down and thousands of jobs are being axed across the emirate. (AP Photo/Kamran Jebreili)
April 18, 2019 - 2:15 pm
DUBAI, United Arab Emirates (AP) — Dubai unveiled its latest megaproject this week: A stadium in the heart of a super luxe shopping and dining destination. The arena, which will host sports events and concerts, is located in a leisure retail and residential destination called City Walk, which...
Read More

Pages