Financial crisis

FILE - In this June 10, 2011, file photo, a worker checks the paint on a Camaro at the GM factory in Oshawa, Ontario. General Motors is closing a Canadian plant at the cost of about 2,500 jobs, but that is apparently just a piece of a much broader, company-wide restructuring that will be announced as early as Monday, Nov. 26, 2018. (Frank Gunn/The Canadian Press via AP, File)
November 26, 2018 - 9:09 am
DETROIT (AP) — General Motors is closing a Canadian plant at the cost of about 2,500 jobs, but that is apparently just a piece of a much broader, company-wide restructuring that will be announced as early as Monday. A person briefed on the matter told The Associated Press that the plant being...
Read More
An elderly man smokes a cigar during a rally in Athens, Tuesday, Nov. 20, 2018. Hundreds of pensioners protested demanding a return of funds lost as part of austerity measures. (AP Photo/Thanassis Stavrakis)
November 21, 2018 - 11:59 am
ATHENS, Greece (AP) — Greece's bailout creditors have approved a request by the country to scrap pension cuts planned in 2019 after the country delivered a strong budget performance. In a report published Wednesday, the European Commission said the previously agreed cuts were no longer considered...
Read More
Attorney Mark Patterson poses in his law firm's offices Thursday, Nov. 15, 2018, in Nashville, Tenn. The recent turbulence in the U.S. stock markets is spooking older workers and retirees, a group that was hit particularly hard during the most recent financial crisis. "There's a huge fear of folks my age that they're going to run out of money and they're going to need to rely on the government for help," Patterson said. (AP Photo/Mark Humphrey)
November 19, 2018 - 1:22 am
CHICAGO (AP) — The recent turbulence in the U.S. stock markets is spooking some older workers and retirees, a group that was hit particularly hard during the most recent financial crisis. There's no indication, though, that the recent volatility has brought about large-scale overhauls in retirement...
Read More
FILE - In this Dec. 6, 2017 file photo, Houthi Shiite rebels inspect the rubble of the Republican Palace that was destroyed by Saudi-led airstrikes, in Sanaa, Yemen. Airstrikes by Saudi Arabia and its allies in Yemen are on a pace to kill more civilians in 2018 than last year despite US claims that the coalition is working to prevent such bloodshed, a database tracking violence shows. The war, nearly four years old, may have killed as many as 80,000 people, according to the figures. (AP Photo/Hani Mohammed, File)
November 16, 2018 - 6:53 pm
UNITED NATIONS (AP) — The U.N. envoy for Yemen announced Friday the country's internationally recognized government and rival Houthi Shiite rebels have agreed to attend talks aimed at ending their three-year war, which has created the globe's worst humanitarian crisis by pushing the Arab world's...
Read More
Italian Prime Minister Giuseppe Conte arrives for a Libya conference in Palermo, Italy, Monday, Nov. 12, 2018. Representatives of Libya's quarrelling factions and of countries keen on stabilizing the North African nation started meetings in Sicily Monday, as Italy encourages a political settlement that could bolster the fight against Islamic militants and stop illegal migrants from crossing the Mediterranean to Europe's southern shores. (AP Photo/Antonio Calanni)
November 13, 2018 - 10:46 am
MILAN (AP) — The International Monetary Fund is warning that Italy's plan to sharply increase spending carries "substantial" risks and would leave the country vulnerable to market turmoil. In a regular review of the Italian economy, the IMF says Tuesday that "Italy needs to put to rest any concern...
Read More
European Commissioner for Economic and Financial Affairs Pierre Moscovici presents the Autumn 2018 economic forecast at EU headquarters in Brussels, Thursday, Nov. 8, 2018. (AP Photo/Olivier Matthys)
November 08, 2018 - 10:54 am
MILAN (AP) — The Italian government insisted Thursday it is sticking with its plan to rapidly increase public spending as a dispute with the European Union over the budget intensified following a gloomy set of forecasts. In response to the EU's executive Commission's prediction that Italy will be...
Read More
FILE- In this Oct. 31, 2018, file photo Federal Reserve Chair Jerome Powell, left, and Randal Quarles, vice chair for supervision, gather their things at the end of a Federal Reserve Board meeting at the Marriner S. Eccles Federal Reserve Board Building in Washington. On Thursday, Nov. 8, the Federal Reserve releases its latest monetary policy statement after a two-day meeting. (AP Photo/Jacquelyn Martin, File)
November 08, 2018 - 3:05 am
WASHINGTON (AP) — The Federal Reserve appears on track to raise interest rates once more this year but will likely hold off on any action when its latest policy meeting ends Thursday. Still, investors will be parsing the statement the Fed will issue after its meeting for any sign that it might be...
Read More
This long exposure picture shows cars driving on the highway with the Banking district in background in Frankfurt, Germany, Thursday, Nov. 1, 2018. (AP Photo/Michael Probst)
November 02, 2018 - 4:15 pm
FRANKFURT, Germany (AP) — Europe-wide stress tests show that big banks would come through a theoretical financial crisis in better shape than in the last such test two years ago. But several analysts said the test didn't mean Europe could sound the all-clear about potential trouble from Italian...
Read More
November 01, 2018 - 8:36 am
LONDON (AP) — The Bank of England warned Thursday that Britain could suffer an economic shock if it crashes out of the European Union without a deal, saying it could cause another big fall in the value of the pound, potential gridlock at ports and even interest rate increases. After keeping its...
Read More
FILE- In this Oct. 24, 2018, file photo specialist Peter Mazza, left, and trader Anthony Carannante work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Oct. 30. (AP Photo/Richard Drew, File)
October 30, 2018 - 4:35 pm
NEW YORK (AP) — U.S. stocks climbed Tuesday after solid earnings reports from several big companies. Stocks had closed at five-month lows the day before, and groups of companies that struggled badly made big gains. Many of the best-performing stocks Tuesday came from parts of the market that have...
Read More

Pages