Financial crisis

FILE - In this Saturday, May 18, 2019 file photo, supporters reach out to touch their leader during a rally organized by League leader Matteo Salvini, with leaders of other European nationalist parties, ahead of the May 23-26 European Parliamentary elections, in Milan, Italy. The European Parliament elections have never been so hotly anticipated or contested, with many predicting that this year’s ballot will mark a coming-of-age moment for the euroskeptic far-right movement. The elections start Thursday May 23, 2019 and run through Sunday May 26 and are taking place in all of the European Union’s 28 nations. (AP Photo/Luca Bruno, File)
May 22, 2019 - 12:21 am
BRUSSELS (AP) — The European Parliament elections that start Thursday have never been so hotly anticipated, with many predicting that this year's ballot will mark a coming-of-age moment for the euroskeptic far-right movement. The elections, which run through Sunday and take place in all of the...
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May 20, 2019 - 4:00 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says a sharp rise in corporate debt is being closely monitored but currently the Fed does not see the types of threats that triggered the 2008 financial crisis. In remarks prepared for a banking conference in Fernandina Beach, Florida, Powell...
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In this May 12, 2019 photo, tourists snorkel in the Caribbean, off a beach in Varadero, Cuba. As most of Cuba’s economy stagnates or declines, the country has launched a full-scale effort to turn virtually the only bright spot, tourism, into an engine that can drag the rest of the communist island through its worst economic crisis in two decades. (AP Photo/Ismael Francisco)
May 17, 2019 - 10:53 am
VARADERO, Cuba (AP) — The battle for Cuba's economic future is being waged on its beaches. And at its all-inclusive resorts, dive sites and cobblestoned colonial plazas. That's because the country has launched a full-scale effort to turn tourism into an engine that can drag the rest of the...
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A currency trader watches the computer monitors near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Wednesday, May 15, 2019. Asian stocks followed Wall Street higher on Wednesday after President Donald Trump downplayed his escalating tariff war with Beijing and said a settlement is possible.(AP Photo/Lee Jin-man)
May 14, 2019 - 11:18 pm
BEIJING (AP) — Asian stocks followed Wall Street higher Wednesday after President Donald Trump downplayed his escalating tariff war with Beijing and said a settlement is possible. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney advanced as investors mulled the likely costs of U.S. and Chinese...
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May 13, 2019 - 10:05 pm
BEIJING (AP) — China's auto sales sank 17.7% in April from a year earlier, extending a slump amid trade tension with Washington and an economic slowdown. An industry group, the China Association of Auto Manufacturers, said drivers in the industry's biggest global market bought 1.6 million sedans,...
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In this Feb. 24, 2017, photo, a factory worker assembles the case of an air conditioner on an assembly line at a Haier factory in Jiaozhou near Qingdao in eastern China's Shandong Province. U.S. President Donald Trump's latest tariff hike on Chinese goods took effect Friday, May 10, 2019, and Beijing said it would retaliate, escalating a battle over China's technology ambitions and other trade tensions. (AP Photo/Mark Schiefelbein)
May 10, 2019 - 9:06 pm
WASHINGTON (AP) — The U.S. and China have gone through rough patches before. The American public recoiled — and the U.S. government imposed sanctions — after the People's Liberation Army slaughtered hundreds of civilians in the streets of Beijing in June 1989, crushing the Tiananmen Square protests...
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FILE - In this Oct. 9, 2009 file photo, an employee works in a government food store with empty shelves in Havana, Cuba. The Cuban government said, Friday, May 10, 2019, that it will begin rationing chicken, eggs, rice, beans, soap and other basic products in the face of a grave economic crisis. (AP Photo/Javier Galeano, File)
May 10, 2019 - 3:30 pm
HAVANA (AP) — The Cuban government says it will begin rationing chicken, eggs, rice, beans, soap and other basic products in the face of a grave economic crisis. Commerce Minister Betsy Díaz Velázquez told the state-run Cuban News Agency Friday that various forms of rationing would be employed in...
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Chinese shopper walk by shelves displaying Chinese-made flatscreen TV's at Walmart in Beijing, Thursday, May 9, 2019. Chinese exporters of all sorts of products, from power adapters and computers to vacuum cleaners, are anxiously hoping trade talks in Washington this week will yield a deal that might stave off higher U.S. tariffs on imports from China. (AP Photo/Andy Wong)
May 09, 2019 - 7:32 pm
BEIJING (AP) — Chinese exporters of all sorts of products, from power adapters and computers to vacuum cleaners, are anxiously hoping trade talks in Washington this week will yield a deal that might stave off higher U.S. tariffs on imports from China. Companies across China are bracing for a tariff...
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May 09, 2019 - 9:12 am
SAN JUAN, Puerto Rico (AP) — A federal control board that oversees Puerto Rico's finances voted on Thursday to extend its power and bring all of the U.S. territory's 78 municipalities under its supervision for the first time. The board announced that it also will require fiscal plans and budgets...
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May 09, 2019 - 8:37 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the United States needs to find ways to address a decades-long slowdown in income growth and upward economic mobility. In a speech at a Fed research conference, Powell says that incomes have grown more slowly for middle-class families...
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