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US warns of punitive actions for Lebanese blocking reforms

BEIRUT (AP) — A senior U.S. official warned Thursday that Lebanese politicians who continue to block reforms in the crisis-hit country could face punitive...

Senate OKs tough former regulator as market watchdog chief

WASHINGTON (AP) — The Senate has approved President Joe Biden’s choice of Gary Gensler to head the Securities and Exchange Commission, signaling an emphasis...

US urges Lebanese leaders to break political impasse

BEIRUT (AP) — A senior U.S. official on Wednesday berated Lebanese politicians for fighting over the formation of a new government for months while...

US intel report: Virus impact to cause global ‘aftershocks’

WASHINGTON (AP) — The effects of the coronavirus pandemic are expected to contribute over the next year to “humanitarian and economic crises, political unrest,...

Muslims navigate restrictions in the second pandemic Ramadan

CAIRO (AP) — For Ramadan this year, Magdy Hafez has been longing to reclaim a cherished ritual: performing the nighttime group prayers called taraweeh...

Lebanon extends area claimed in border dispute with Israel

BEIRUT (AP) — Lebanon’s outgoing minister of public works said Monday that he has signed a decree that would increase the area claimed by...

Ecuador, Peru to elect presidents amid strengthened pandemic

LIMA, Peru (AP) — A surging coronavirus pandemic that has brought on new lockdown measures and exacerbated fatigue in Ecuador and Peru has left...

Report: Pandemic amped up anti-Semitism, forced it online

TEL AVIV, Israel (AP) — Coronavirus lockdowns last year shifted some anti-Semitic hatred online, where conspiracy theories blaming Jews for the pandemic’s medical and...

Watchdog: Lebanon’s vaccination of refugees, migrants lags

BEIRUT (AP) — Lebanon’s vaccination campaign has been slow and risks leaving behind some of the country’s most vulnerable people, including Palestinian and Syrian...

IMF upgrades forecast for 2021 global growth to a record 6%

WASHINGTON (AP) — The rollout of COVID-19 vaccines and vast sums of government aid will accelerate global economic growth to a record high this...

Christians mark Good Friday, Holy Week under virus woes

JERUSALEM (AP) — Christians in the Holy Land marked Good Friday without the mass pilgrimages usually seen in the days leading up to Easter...

Bank of Japan ‘tankan’ survey upbeat over economic recovery

TOKYO (AP) — A closely watched economic survey by the Bank of Japan shows growing optimism as the world’s third-largest economy grapples with the...

Yellen says regulatory panel to look at 2020 market turmoil

WASHINGTON (AP) — Last year’s coronavirus-triggered market turmoil exposed vulnerable areas in the U.S. economy that need to be addressed by the nation's top-level...

Iraqi parliament approves budget of $89 billion for 2021

BAGHDAD (AP) — Iraq’s parliament on Wednesday approved the state budget for 2021, after weeks of wrangling amid a severe economic and financial crisis...

Donors pledge more than $6 billion to tackle Syria’s crisis

BRUSSELS (AP) — The European Union, the U.S. and dozens of other nations pledged $6.4 billion in aid Tuesday to help tackle war-ravaged Syria's...

Pleas for more aid to Syria: ‘We don’t have nearly enough’

BEIRUT (AP) — At age 19, Fatima al-Omar is at her wits' end. In the last year alone, she lost her home to fighting...

In Brazil, moms are bearing the brunt of pandemic’s blow

RIO DE JANEIRO (AP) — When Sao Paulo city officials put out a call last month for 4,500 public school cleaning jobs, targeting Brazilian...

Pope on pandemic’s second year: Weariness, economic hardship

VATICAN CITY (AP) — Celebrating Palm Sunday Mass for a second time in the pandemic without crowds of faithful, Pope Francis said while shock...

The eviction moratorium is expiring. What will Biden do?

WASHINGTON (AP) — President Joe Biden's administration has less than a week to decide on extending the nationwide eviction moratorium, a measure that housing...

Spielberg donates Genesis Prize money to justice nonprofits

NEW YORK (AP) — Steven Spielberg said Thursday that he will donate his $1 million Genesis Prize to 10 nonprofits that are working for...

Powell likens Fed’s pandemic response to British at Dunkirk

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell compared the actions taken by the central bank early in the pandemic as the economy barreled...

Syria to send Lebanon emergency oxygen supply for hospitals

BEIRUT (AP) — The government of war-torn Syria said Wednesday it will send emergency oxygen supplies to neighboring Lebanon, which has experienced shortages amid...

Saudi oil giant Aramco reports 30% drop in payments to state

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-backed oil giant Aramco paid the Saudi government 30% less in taxes in 2020, the company...

Infections continue to climb in Turkey amid relaxed measures

ISTANBUL (AP) — Turkey’s weekly regional COVID-19 figures keep increasing and deaths rising as the country maintains more relaxed restrictions for now. ...

Fed to end relaxed capital requirements for large banks

WASHINGTON (AP) — The Federal Reserve says it will restore capital requirements for large banks that were relaxed as part of the Fed’s efforts...

Who deserves credit? Biden leans into pandemic politics

WASHINGTON (AP) — In President Joe Biden's war against the coronavirus, former President Donald Trump hardly exists. ...

German economist panel cuts 2021 growth outlook to 3.1%

BERLIN (AP) — The German economy — Europe's biggest — will grow by 3.1% this year, the government’s panel of independent economic advisers forecast...

UN: Yemen conflict escalates as country speeds toward famine

UNITED NATIONS (AP) — The United Nations warned Tuesday that an offensive by Houthi rebels in Yemen has escalated the nearly six-year conflict in...

‘We are hungry’: Lebanese protest worsening economic crisis

BEIRUT (AP) — Outraged protesters returned to the streets of Lebanon's capital Tuesday, blocking roads with burning tires and garbage containers as the currency...

NatWest unit faces criminal charge in money laundering case

LONDON (AP) — National Westminster Bank has been charged with violating money laundering laws in relation to 365 million pounds ($505 million) deposited into...

Biden taps Gene 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...

‘Republic of Queues’: 10 years on, Syria is a hungry nation

BEIRUT (AP) — The lines stretch for miles outside gas stations in Syrian cities, with an average wait of five hours to fill up...

Rescue aid package may reduce inequality, but for how long?

WASHINGTON (AP) — 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...

AP-NORC poll: People of color bear COVID-19’s economic brunt

NEW YORK (AP) — A year ago, Elvia Banuelos’ life was looking up. The 39-year-old mother of two young children said she felt confident...

Senate confirms Fudge to lead housing agency, Regan for EPA

WASHINGTON (AP) — The Senate on Wednesday confirmed Ohio Rep. Marcia Fudge to head the Department of Housing and Urban Development and North Carolina...

US budget deficit hits record $1.05 trillion after 5 months

WASHINGTON (AP) — The U.S. government's budget deficit through February hit an all-time high of $l.05 trillion for the first five months of this...

Venezuelan children pick through garbage for food, valuables

BARQUISIMETO, Venezuela (AP) — For some children in Venezuela, garbage is the main source of their livelihood. ...

EU push for better decision-making; more than shop-talk?

BRUSSELS (AP) — Engulfed by the biggest economic crisis in its history and fighting off a pandemic that has already claimed half a million...

GE, AerCap join air leasing businesses in $30 billion deal

General Electric is combining its aircraft leasing business with Ireland’s AerCap Holdings in a deal valued at more than $30 billion, a big step...

Puerto Rico debt-restructuring plan filed amid criticism

SAN JUAN, Puerto Rico (AP) — A framework that outlines how Puerto Rico will restructure at least $35 billion in public debt and more...

AP-NORC poll: Many in US still face COVID-19 financial loss

CHARLOTTE, N.C. (AP) — Roughly 4 in 10 Americans say they’re still feeling the financial impact of the loss of a job or income...

Forecast: Virus vaccines help inject hope in world economy

PARIS (AP) — The world economy is bouncing back from the pandemic crisis faster than expected, thanks in part to successful coronavirus vaccines and...

US lets Venezuelans stay temporarily, will review sanctions

WASHINGTON (AP) — The Biden administration said Monday it is offering temporary legal residency to several hundred thousand Venezuelans who fled their country’s economic...

Senegal opposition leader released as new clashes erupt

DAKAR, Senegal (AP) — Riot police in armed personnel carriers fired tear gas and rubber bullets at crowds in Senegal's capital on Monday hours...

Where IS ruled, pope calls on Christians to forgive, rebuild

QARAQOSH, Iraq (AP) — Pope Francis urged Iraq’s Christians on Sunday to forgive the injustices against them by Muslim extremists and to rebuild as...

Biden, Dems prevail as Senate OKs $1.9T virus relief bill

WASHINGTON (AP) — An exhausted Senate narrowly approved a $1.9 trillion COVID-19 relief bill Saturday as President Joe Biden and his Democratic allies notched...

Yellen says Congress needs to ‘go big’ for relief package

WASHINGTON (AP) — Treasury Secretary Janet Yellen said Friday that despite the strong job gains last month, Congress still needs to “go big” by...

Eager to act, Biden and Democrats leave Republicans behind

WASHINGTON (AP) — President Joe Biden and Democrats in Congress are jamming their agenda forward with a sense of urgency, an unapologetically partisan approach...

South Korea economy shrank in 2020 for 1st time in 22 years

SEOUL, South Korea (AP) — South Korea’s central bank says the country’s economy shrank for the first time in 22 years in 2020 as...

The Latest: SKorean economy shrinks for 1st time in 22 years

SEOUL, South Korea -- South Korea’s central bank says the country’s economy shrank for the first time in 22 years in 2020 as the...

As virus restrictions bite, EU extends safety net till 2023

BRUSSELS (AP) — The European Union is set to extend for around two more years the economic safety net it put in place to...

Biden’s pick for SEC flags trading app gimmicks for scrutiny

WASHINGTON (AP) — President Joe Biden’s choice to head the Securities and Exchange Commission told Congress on Tuesday that the agency should address how...

Biden consumer watchdog pick signals more aggressive stance

CHARLOTTE, N.C. (AP) — President Joe Biden's nominee to run the federal consumer watchdog agency indicated Tuesday that if confirmed he would restore more...

German economy grew 0.3% in 4th quarter, better than thought

BERLIN (AP) — The German economy grew 0.3% in last year's fourth quarter compared with the previous three-month period, official data showed Wednesday —...

World Bank threatens to suspend vaccine funding to Lebanon

BEIRUT (AP) — The World Bank threatened Tuesday to suspend financing for coronavirus vaccines in Lebanon as it investigated suspected favoritism amid accusations that...

Puerto Rico rejects key deal with creditors to reduce debt

SAN JUAN, Puerto Rico (AP) — Puerto Rico’s governor announced Tuesday that a federal control board reached a key deal that would reduce the...

Biden boosts pandemic lending to smallest businesses

WASHINGTON (AP) — President Joe Biden announced changes Monday to target more federal pandemic assistance to the nation’s smallest businesses and ventures owned by...

EU slaps sanctions on 19 more Venezuelan officials

BRUSSELS (AP) — The European Union on Monday imposed sanctions on 19 more officials in Venezuela accused of undermining democracy or rights abuses in...

Sudan announces managed currency float to revive economy

CAIRO (AP) — Sudan announced a managed flotation of its currency on Sunday, in an unprecedented but expected step to meet a major demand...

Biden urges allies to show democracies can ‘still deliver’

WASHINGTON (AP) — In his first big appearance on the global stage, President Joe Biden called on fellow world leaders to show together that...

Italy’s Draghi easily wins Senate backing for unity gov’t

ROME (AP) — Premier Mario Draghi easily won a confidence vote in Parliament’s upper chamber Wednesday night after vowing to do whatever it takes...

Fidelity Charitable: Record-high donations fell shy of need

Fidelity Charitable, the nation’s largest grant maker, has reported a banner 2020, with donations surging 24% from 2019 to $9.1 billion — by far...

Kosovo’s leftist opposition party gains landslide win

PRISTINA, Kosovo (AP) — The left-wing opposition leader who's poised to become Kosovo's next prime minister said Monday that he would push hard for...

Leftist opposition party heads to victory in Kosovo election

PRISTINA, Kosovo (AP) — Kosovo’s main opposition party appeared headed to a landslide victory in Sunday’s early election of a new parliament held amid...

Draghi takes helm in Italy, focused on pandemic recovery aid

ROME (AP) — Mario Draghi, the man largely credited with saving the euro currency, took the helm as Italy's premier Saturday after assembling a...

UK economy suffers biggest drop since 1709

LONDON (AP) — The British economy suffered its biggest decline in more than 300 years in 2020 as the coronavirus pandemic closed shops and...

Board reaches tentative deal to lower Puerto Rico debt

SAN JUAN, Puerto Rico (AP) — A federal control board that oversees Puerto Rico’s finances announced Wednesday that it has reached an agreement in...

Surging virus in French African outpost reveals inequalities

MAMOUDZOU, Mayotte (AP) — Mayotte’s main tourist office stands nearly empty, a lonely tropical outpost overlooking a people-less port. Its only hospital, however, is...

German exports down 9.3% last year, biggest fall since 2009

BERLIN (AP) — Germany's exports plunged by 9.3% last year as the coronavirus pandemic dragged down demand, the biggest drop since the financial crisis...

Administration pledges more support for minority businesses

WASHINGTON (AP) — The Biden administration promised Black business executives on Friday that it planned to make sure that the government's economic support programs...

Things to Know: Catholic Church got $1.5B in US virus relief

Here’s what’s happening Thursday with the coronavirus pandemic in the U.S.: ...

Yellen warns of ‘tough months’ ahead, urges congress to act

WASHINGTON (AP) — Treasury Secretary Janet Yellen warned of “tough months ahead” with COVID-19 continuing to flare, making it critical that Congress pass President...

Sitting on billions, Catholic dioceses amassed taxpayer aid

When the coronavirus forced churches to close their doors and give up Sunday collections, the Roman Catholic Diocese of Charlotte turned to the federal...

Italy looks to ‘Super Mario’ Draghi to end political crisis

ROME (AP) — Former European bank chief Mario Draghi agreed Wednesday to try to form a non-political government to steer Italy through the coronavirus...

Ecuador to pick new president amid deepening economic crisis

QUITO, Ecuador (AP) — Evidence of the crisis in Ecuador is everywhere: shuttered restaurants, soaring oxygen tank prices and countless “for sale” and “for...

Draghi brings market savvy, gravitas to tame Italy’s crises

MILAN (AP) — The former European Central Bank chief credited with helping to save the euro has now been tapped to lead Italy, the...

Puerto Rico’s governor unveils budget priorities amid crisis

SAN JUAN, Puerto Rico (AP) — Puerto Rico’s new governor said Wednesday that modernizing government services, repairing roads and increasing the salaries of certain...

Los Angeles and police union reach deal amid budget woes

LOS ANGELES (AP) — Los Angeles and its police union have reached a tentative agreement that would protect officers’ jobs while the city deals...

Biden, Yellen say GOP virus aid too small, Democrats push on

WASHINGTON (AP) — President Joe Biden panned a Republican alternative to his $1.9 trillion COVID rescue plan as insufficient Tuesday as Senate...

It’s not just GameStop worrying Wall Street about a bubble

NEW YORK (AP) — Now, even the pros on Wall Street are asking if the stock market has shot too high. ...

UK report urges need for nature to be at heart of economics

LONDON (AP) — A report commissioned by the British government is urging a radical transformation in the way that countries around the world assess...

Biden meets Republicans on virus aid, but no quick deal

WASHINGTON (AP) — President Joe Biden told Republican senators during a two-hour meeting Monday night he's unwilling to settle on an insufficient coronavirus aid...

Wall Street’s GameStop bug may have mutated; silver surges

NEW YORK (AP) — The erratic trading in shares of underdog companies like GameStop that turned markets combustible last week appears to have migrated...

GameStop saga makes Wall Street an issue for Biden team

WASHINGTON (AP) — The drama surrounding the trading in shares of GameStop, AMC Entertainment, Blackberry and other beaten-down companies has suddenly thrust Wall Street...

India pandemic-fighting budget to boost health care spending

NEW DELHI (AP) — India’s government has proposed to increase spending on health care in a $477 billion budget for 2021-22 that promises extra...

Owner of Mets and hedge fund leaves Twitter, citing threats

NEW YORK (AP) — The owner of the New York Mets says he has dropped off Twitter because his family received threats that he...

US contract signings to buy homes hits record for December

SILVER SPRING, Md. (AP) — The number of Americans who signed contracts to buy homes declined slightly for the fourth straight month, but it...

Unrest grows in crisis-hit Lebanon amid coronavirus lockdown

TRIPOLI, Lebanon (AP) — Lebanese rioters set fire to several buildings in the northern city of Tripoli Thursday as outrage over the country's coronavirus...

Watchdog: Least corrupt nations produce best virus response

BERLIN (AP) — Countries with the least corruption have been best positioned to weather the health and economic challenges of the coronavirus pandemic, according...

Amid crisis, Hezbollah ‘bank’ a lifeline for some Lebanese

BEIRUT (AP) — When Lebanon’s financial meltdown began in late 2019, Hassan Shoumar was locked out of his dollar savings like everyone else in...

Yellen says Treasury focus to help nation reeling from virus

WASHINGTON (AP) — Janet Yellen, sworn in Tuesday as the nation's 78th Treasury secretary and the first woman to hold the office, said in...

Italian premier resigns, setting off scramble for new allies

ROME (AP) — Italian Premier Giuseppe Conte resigned Tuesday after a key coalition ally pulled his party’s support over Conte’s handling of the coronavirus...

UN chief: World faces ‘existential threats,’ fragilities

NEW YORK (AP) — U.N. Secretary-General Antonio Guterres warned global leaders Monday that the world is not only facing a COVID-19 emergency and the...

EU urges dialogue in Venezuela to set up new elections

BRUSSELS (AP) — The European Union called Monday for broad political talks in Venezuela to set up new elections, and warned that it stands...

Job losses from virus 4 times as bad as ’09 financial crisis

GENEVA (AP) — Four times as many jobs were lost last year due to the coronavirus pandemic as during the worst part of the...

Syria floats new bank note amid soaring inflation

DAMASCUS, Syria (AP) — A new, 5,000 Syrian Lira bank note goes into circulation Sunday, the largest denomination in the country reeling from a...

Biden’s early approach to virus: Underpromise, overdeliver

WASHINGTON (AP) — It's a proven political strategy: Underpromise and overdeliver. ...

At 78 and the oldest president, Biden sees a world changed

WASHINGTON (AP) — When Joe Biden took the oath of office as the 46th president, he became not only the oldest newly inaugurated U.S....

Top Lebanese hospitals fight exhausting battle against virus

BEIRUT (AP) — Death stalks the corridors of Beirut's Rafik Hariri University Hospital, where losing multiple patients in one day to COVID-19 has become...

Biden’s early approach to virus: Underpromise, overdeliver

WASHINGTON (AP) — It's a proven political strategy: Underpromise and overdeliver. ...

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