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By Jill Lawless, Danica Kirka, Associated Press
The move Wednesday comes after the government spooked investors with a program of unfunded tax cuts, sending the pound tumbling and the cost of government debt soaring.
By Danica Kirka, Jill Lawless, Associated Press
Police have imposed a curfew in Sri Lanka's capital and surrounding areas a day before a planned protest demanding the country's president and prime minister resign over an economic crisis that has caused severe shortages of essential supplies.
By Bharatha Mallawarachi, Associated Press
The move comes at a time when the government is planning to end subsidies on vital products such as fuel and some medicines that is widely expected to increase prices of most products.
By Associated Press
Protests have broken out in different parts of Lebanon with roads closed by demonstrators who burned tires amid a worsening economic crisis and lack of progress on the formation of a new Cabinet.
By Bassem Mroue, Associated Press
The company last year, before the emergence of coronavirus, sold its 11-story flagship building on New York’s Fifth Avenue which it's owned for more than a century.
By Sarah El Deeb, Associated Press
Major retailers in Lebanon announced they will temporarily close in the face of an increasingly volatile currency market and their inability to set prices while the Lebanese pound plunges against the dollar.
A new jobs report details a picture of devastating national unemployment not seen since the Great Depression. Neel Kashkari, president of the Federal Reserve Bank of Minneapolis and former assistant secretary of the treasury, joins Judy Woodruff to discuss why…
For years, Lebanon’s financial practices have been unsustainable and its economy lagging. The country has one of the highest levels of debt per capita in the world. Now the foundation of Lebanon’s financial house of cards is giving way --…
Nicolas Maduro has been sworn in for a second term as Venezuela’s president amidst an economic crisis. In what used to be Latin America's wealthiest country, inflation has soared, clean water and electricity are in short supply and millions of…
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