Financial crisis

FILE- In this Monday, Nov. 7, 2016, file photo, the sun rises over the skyline in Abu Dhabi, United Arab Emirates. A prominent Dubai bank is warning that non-oil companies across the United Arab Emirates have cut staff at their sharpest rate in nearly a decade amid an economic slowdown. (AP Photo/Kamran Jebreili, File)
March 05, 2019 - 4:06 am
DUBAI, United Arab Emirates (AP) — A leading Dubai bank warned on Tuesday that non-oil companies across the United Arab Emirates have cut staff at their sharpest rate in nearly a decade amid an economic slowdown. A report by Emirates NBD, which is majority owned by Dubai's government, said it...
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March 01, 2019 - 5:15 am
BRUSSELS (AP) — Official figures show that unemployment across the 19-member eurozone at its lowest rate since the global financial crisis. Eurostat said Friday that the jobless rate across the bloc fell to 7.8 percent in January, unchanged from the December rate, which was downwardly revised from...
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FILE - In this Dec. 18, 2018, file photo, Jack Ma, center, chairman of Chinese e-commerce firm Alibaba Group, stands during a conference to commemorate the 40th anniversary of China's Reform and Opening Up policy at the Great Hall of the People in Beijing. A rich list by wealth compiler Hurun Report shows the market meltdowns in 2018 obliterated $1 trillion in wealth, with more than 212 of China's richest individuals losing their dollar billionaire status. (AP Photo/Mark Schiefelbein, File)
February 27, 2019 - 2:28 am
BANGKOK (AP) — The stock market meltdowns in 2018 obliterated $1 trillion of the fortunes of the world's richest individuals, with more than 212 Chinese tycoons losing their dollar billionaire status, according to a list by wealth compiler Hurun Report. The report, China's version of the Forbes...
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Federal Reserve Chairman Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on monetary policy on Tuesday, Feb. 26, 2019 on Capitol Hill in Washington. (AP Photo/Kevin Wolf)
February 26, 2019 - 5:27 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell told Congress on Tuesday the U.S. economy should keep expanding at a solid, though somewhat slower pace this year. But he warned of growing risks, including a global slowdown, volatile financial markets and uncertainty about U.S. trade policy...
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Federal Reserve Chairman Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on Tuesday, Feb. 26, 2019 in Washington. (AP Photo/Kevin Wolf)
February 26, 2019 - 12:48 pm
WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's testimony to Congress (all times local): ___ 12:15 p.m. Federal Reserve Chairman Jerome Powell wraps up more than two hours of Senate testimony by giving a broader definition of what the Fed means when it says it will be "...
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February 25, 2019 - 7:32 am
BOSTON (AP) — General Electric is selling its biopharma business to Danaher Corp. for $21.4 billion as the industrial giant continues to shed pieces of itself. The biopharma unit, part of GE Life Sciences, generated revenue of about $3 billion last year. The mostly-cash transaction is expected to...
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February 24, 2019 - 7:05 am
DANDONG, China (AP) — When a green-and-yellow train carrying North Korean leader Kim Jong Un rolled slowly over a bridge into the Chinese city of Dandong late Saturday, few locals took notice. "I didn't really know much about it," a 79-year-old retired farmer who gave only his surname, Shi, said...
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February 22, 2019 - 11:12 am
WASHINGTON (AP) — The Federal Reserve said Friday that in light of a slowing global economy and last year's financial market turmoil, the central bank intends to remain "patient" in determining when to make future changes in its benchmark interest rate. The Fed's semi-annual report to Congress on...
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The last sunlight is reflected in the facade of the European Central Bank as the sun sets in Frankfurt, Germany, Tuesday, Feb. 19, 2019. (AP Photo/Michael Probst)
February 21, 2019 - 7:53 am
FRANKFURT, Germany (AP) — Top officials of the European Central Bank worried at their last meeting that the slowdown in economic growth might be "deeper and more broad-based" than previously suspected. The written account of the Jan. 24 meeting released Thursday indicated the bank's 25-member rate-...
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This July 2018, photo shows containers piled up at a Tokyo port. Japan's exports have fallen 8.4 percent in January from a year earlier while imports also edged lower, suggesting a deepening impact from China's economic slowdown. Customs data released Wednesday, Feb. 20, 2019 showed exports to all of Asia dropped 13 percent year-on-year, largely due to a 17 percent decline in shipments to China. (Shinji Kita/Kyodo News via AP)
February 19, 2019 - 11:39 pm
TOKYO (AP) — Japan's exports fell 8.4 percent in January from a year earlier while imports also edged lower, according to customs data released Wednesday, suggesting a deepening impact from China's economic slowdown. Exports to all of Asia dropped 13 percent year-on-year, largely due to a 17...
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