Financial Crisis

The Latest: Red Cross tripling budget for work in Venezuela

Apr 10, 2019

The International Committee of the Red Cross will triple its budget in Venezuela this year as it helps authorities address mounting humanitarian concerns in the politically turbulent nation

CEOs of big banks face off with House Democrats

Apr 10, 2019

The heads of some of the largest banks in the U.S. are appearing in front of Congress Wednesday, for the most significant hearing on the banking industry since Democrats took control of the House

The Latest: BofA CEO asked about mortgage modifications

Apr 10, 2019

Wednesday's House hearing on banks is nominally about determining how much safer the financial system is, but few finance committee members are raising the subject

In Brexit delay, UK economy remains prisoner of uncertainty

Apr 9, 2019

Whatever Brexit delay is handed to Britain at a summit of EU leaders this week, the British economy will remain a prisoner of crippling uncertainty.

Cyprus aims to enforce civil servant pay cut from crisis era

Apr 4, 2019

Cyprus' top lawyer says he will file appeals against an administrative court's decision that declared unconstitutional cuts to civil servants' salaries that were imposed during a 2012 financial crisis

IMF managing director says economy is at 'delicate moment'

Apr 2, 2019

IMF managing director warns that global economy is at 'delicate moment'

World trade forecasts slashed again amid US-China standoff

Apr 2, 2019

The World Trade Organization has cut its forecast for trade growth this year by more than a percentage point, to 2.6%, due to an economic slowdown and amid a trade conflict between the United States and China

Australia plans to balance books in pre-election budget

Apr 2, 2019

The Australian government has unveiled a plan to balance the national budget next year and pay off all debt in a decade as it prepares for a general election next month

Nationwide blackouts become the norm in Venezuela

Mar 31, 2019

Power went out across Venezuela on Sunday, just as it did on Saturday, and the day before that.

Ex-pat composes concerto for Venezuela amid political chaos

Mar 31, 2019

A musical director at a Catholic school in northern Utah has composed a concerto that he says is inspired by the political chaos in his native Venezuela that has led many, including him, to flee the country

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