Tag: Financial crisis
German economist panel cuts 2021 growth outlook to 3.1%
BERLIN — The German economy — Europe's biggest — will grow by 3.1% this year, the government’s panel of independent economic advisers forecast on...
Text of the Federal Reserve’s statement after its meeting
WASHINGTON — Below is the statement the Fed released Wednesday after its policy meeting ended:
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Lebanese president calls on PM to form Cabinet immediately
BEIRUT — Lebanon’s president called Wednesday on the prime minister-designate to form a government immediately or step aside as the country plunges deeper into...
‘Republic of Queues’: 10 years on, Syria is a hungry nation
BEIRUT — The lines stretch for miles outside gas stations in Syrian cities, with an average wait of five hours to fill up a...
Biden to name Sperling to oversee COVID-19 relief package
Gene Sperling, a veteran of the Clinton and Obama administrations, will lead the oversight for distributing funds from President Joe Biden's $1.9 trillion coronavirus...
Russian FM discusses Middle Eastern affairs with Hezbollah
BEIRUT — Russia’s foreign minister discussed the situation in Lebanon and the Middle East on Monday with a delegation from the militant Hezbollah group,...
NatWest unit faces criminal charge in money laundering case
LONDON — National Westminster Bank has been charged with violating money laundering laws in relation to 365 million pounds ($505 million) deposited into a...
‘We are hungry’: Lebanese protest worsening economic crisis
BEIRUT — Outraged protesters returned to the streets of Lebanon's capital Tuesday, blocking roads with burning tires and garbage containers as the currency continued...
UN: Yemen conflict escalates as country speeds toward famine
UNITED NATIONS — The United Nations warned Tuesday that an offensive by Houthi rebels in Yemen has escalated the nearly six-year conflict in the...
Rescue aid package may reduce inequality, but for how long?
WASHINGTON — Democrats have celebrated President Joe Biden’s $1.9 trillion COVID-19 relief plan as a blow against one of America’s most entrenched economic woes:...