Tag: Financial crisis
Protests around Lebanon as local currency continues to slide
BEIRUT — Lebanon’s currency plummeted to a new record low on Saturday, continuing its crash amid a worsening economic crisis that has triggered near-daily...
For Syrians, a decade of displacement with no end in sight
BAR ELIAS, Lebanon — Mohammed Zakaria has lived in a plastic tent in eastern Lebanon’s Bekaa Valley for almost as long as war has...
AP-NORC poll: People of color bear COVID-19’s economic brunt
NEW YORK — A year ago, Elvia Banuelos’ life was looking up. The 39-year-old mother of two young children said she felt confident about...
Lebanese parliament approves World Bank loan to help poor
BEIRUT — Lebanon’s parliament on Friday approved a $246 million loan from the World Bank that would provide cash assistance for more than 160,000...
UN chief: Syria in `living nightmare’ after 10 years of war
UNITED NATIONS — Secretary-General Antonio Guterres said Wednesday that Syria faces “a living nightmare” 10 years after peaceful demonstrations were violently suppressed setting the...
France: Lebanon is running out of time before total collapse
PARIS — France's foreign minister warned on Thursday that Lebanon is running out of time before it could see a total collapse, urging the...
Shaken by pandemic, soccer avoids financial collapse
LIVERPOOL, England — Wandering around the concourses of the third tier of Anfield’s main stand provides a glimpse into the past.
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EU push for better decision-making; more than shop-talk?
BRUSSELS — Engulfed by the biggest economic crisis in its history and fighting off a pandemic that has already claimed half a million of...
Forecast: Virus vaccines help inject hope in world economy
PARIS — The world economy is bouncing back from the pandemic crisis faster than expected, thanks in part to successful coronavirus vaccines and U.S....
As virus restrictions bite, EU extends safety net till 2023
BRUSSELS — The European Union is set to extend for around two more years the economic safety net it put in place to help...