Financial crisis

Greek opposition New Democracy conservative party leader Kyriakos Mitsotakis waves to his supporters outside of a polling station in Athens, on Sunday, July 7, 2019. Greeks are voting in the first parliamentary election since their country emerged from three successive international bailouts but is still struggling to emerge from a crippling nearly decade-long financial crisis. (AP Photo/Thanassis Stavrakis)
July 07, 2019 - 1:48 pm
ATHENS, Greece (AP) — The Latest on Greece's parliamentary election (all times local): 8:25 p.m. Greek Finance Minister Euclid Tsakalotos says the conservative opposition New Democracy party won a general election. Tsakalotos spoke after exit polls for Sunday's election showed the governing left-...
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July 06, 2019 - 5:18 am
ISTANBUL (AP) — Turkey's president has fired the central bank governor amid the country's economic downturn. Murat Cetinkaya was replaced by Murat Uysal, the deputy governor, in a presidential decree published Saturday. President Recep Tayyip Erdogan has the authority to make such appointments,...
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FILE - This Feb. 5, 2018, file photo shows the seal of the Board of Governors of the United States Federal Reserve System in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington. Economist Judy Shelton, tapped by President Donald Trump for a seat on the Federal Reserve board, says she does not favor credit tightening by the Federal Reserve that would harm investors. In a CNBC interview on Friday, July 5, 2019, Shelton sought to align her past criticism of the Fed’s record low interest rates during the Obama administration with the current attacks by Trump on Fed rate hikes.(AP Photo/Andrew Harnik, File)
July 05, 2019 - 4:16 pm
WASHINGTON (AP) — Economist Judy Shelton, tapped by President Donald Trump for a seat on the Federal Reserve board, said on Friday she does not favor credit tightening by the Federal Reserve that would harm investors. In a CNBC interview, Shelton sought to align her past criticism of the Fed's...
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Supporter wave Greek flags as Greek opposition New Democracy party leader Kyriakos Mitsotakis, center, speaks during his main election campaign rally in Athens, in front of the ancient Acropolis hill, on Thursday, July 4, 2019. Greeks head to the polls in early general elections on Sunday, July 7. (AP Photo/Thanassis Stavrakis)
July 05, 2019 - 4:43 am
ATHENS, Greece (AP) — Greek voters appear set to defy a surge of support populist parties across Europe in a general election Sunday, with the pro-EU center-right opposition firmly in the lead. Left-wing Prime Minister Alexis Tsipras called the snap poll after being trounced in May's European...
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In this Friday, June 21, 2019 photo, Greek opposition New Democracy party leader Kyriakos Mitsotakis waves to his supporters after the presentation of his platform in Athens. Mitsotakis is maintaining an intense campaign timetable despite a strong lead in opinion polls ahead of a general election on Sunday July 7, 2019. (AP Photo/Thanassis Stavrakis)
July 04, 2019 - 7:18 am
LAVRIO, Greece (AP) — On an exhaustive tour of Greece's blue collar towns and city suburbs, Kyriakos Mitsotakis has a spring in his step — no wonder, he's the overwhelming favorite to become the country's next prime minister as the unlikely heir of a powerful political family. Arriving at Lavrio,...
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This June 21, 2019, photo shows a "now hiring" sign at a McDonald's restaurant in Moss Point, Miss. On Wednesday, July 3, payroll processor ADP reports how many jobs private employers added in June. (AP Photo/Rogelio V. Solis)
July 03, 2019 - 8:28 am
WASHINGTON (AP) — U.S. companies added just 102,000 jobs in June as small businesses and construction firms shed workers, a private survey found. Payroll processor ADP said Wednesday that the meager gains — after just 41,000 jobs were added in May — indicate a slowdown in the economy. Businesses...
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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)
July 03, 2019 - 7:14 am
LONDON (AP) — The British economy appears to be showing signs of falling into recession as uncertainty over Brexit combines with a less benign global backdrop. A closely watched survey of business activity in the U.K. showed Wednesday that the economy contracted in June at its steepest rate since...
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FILE - In this Sunday, Dec. 18, 2016 file photo, Dubai Parks & Resorts celebrates it's opening ceremony with fireworks in Dubai, United Arab Emirates. The Dubai firm DXB Entertainments said Tuesday July 3, 2019, it will pay $7.5 million to Six Flags after abandoning plans to build a version of the U.S. amusement park in the emirates amid a slowdown in the economy. (AP Photo/Kamran Jebreili, File)
July 03, 2019 - 6:04 am
DUBAI, United Arab Emirates (AP) — A Dubai firm said Tuesday it will pay $7.5 million to Six Flags after abandoning plans to build a version of the U.S. amusement park in the United Arab Emirates amid a slowdown in the economy. DXB Entertainments, which runs Dubai Parks & Resorts, said it...
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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 - 10:15 am
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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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 - 8:04 am
LONDON (AP) — The governor of the Bank of England gave his biggest hint yet that he'd back a stimulus package to shore up 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, Governor Mark Carney said the...
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