Financial crisis

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 - 1:06 pm
VIENNA (AP) — OPEC looked set to extend its current deal to cut production for nine months as the oil cartel faces a weakening outlook for demand because of waning global growth. Member country representatives were meeting Monday at the Organization of the Petroleum Exporting Countries'...
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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 - 8:34 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 - 9:47 am
LONDON (AP) — The governor of the Bank of England gave his biggest hint yet that he'd back a stimulus package for the British economy if the country crashes out of the European Union at the end of October with no deal. In testimony to lawmakers on Wednesday, Mark Carney said the response from the...
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June 21, 2019 - 4:37 pm
NEW YORK (AP) — The Federal Reserve is saying that 18 of the nation's largest and most complex banks passed its stress tests and are strong enough to withstand a severe economic downturn. The banks have benefited from an improving economy and have balance sheets strong enough to withstand a deep...
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FILE - In this Jan. 9, 2019 file photo, Venezuela's President Nicolas Maduro holds a press conference with foreign media at Miraflores presidential palace in Caracas, Venezuela. A member of Venezuela's opposition said Friday, June 7, that a mediation effort by Norway is stalling over Maduro's refusal to accept presidential elections to resolve the nation's political crisis. (AP Photo/Boris Vergara, File)
June 07, 2019 - 6:33 pm
CARACAS, Venezuela (AP) — Venezuelan leader Juan Guaidó said Friday that the opposition's demand for presidential elections is not negotiable, slowing mediation efforts by Norway aimed at resolving Venezuela's political crisis. "A new meeting isn't planned at the moment, we can get what we've...
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The bull and bear in front of the stock market are painted all green in Frankfurt, Germany, Monday, June 3, 2019. They were painted on occasion of the upcoming "Green Sauce" week when Frankfurt celebrates its most popular dish. (AP Photo/Michael Probst)
June 06, 2019 - 11:17 am
FRANKFURT, Germany (AP) — The European Central Bank is weighing what to do about growth worries and sluggish inflation, just two days after the U.S. Federal Reserve opened the door to more stimulus. Speculation has grown that the bank could act to boost the economy against a background of sagging...
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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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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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