Mar 04 Anger in Lebanon as currency, prices spiral out of control By Bassem Mroue, 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. Continue reading
Aug 03 Retail continues to falter as Lord & Taylor seeks bankruptcy By 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. Continue reading
Jul 02 Lebanese major retailers to shut down amid economic crisis 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. Continue reading
May 08 Watch 6:41 The U.S. economic crisis is even worse than it appears. Here's what government can do 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… Continue watching
Mar 16 Watch 5:37 Why COVID-19 could be the 'last straw' for Lebanon's fragile economy 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 --… Continue watching
Jan 10 Watch 4:54 Venezuela's Maduro begins second term amidst an economic crisis 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… Continue watching
May 06 Watch 8:24 Puerto Rican economic disaster leaves residents struggling By PBS News Hour For years, the Puerto Rican economy has been in decline, and the U.S. territory is now on the brink of disaster, with $72 billion of overall debt and an unemployment rate twice that of the mainland. As the island’s government… Continue watching
Aug 22 Photos: Venezuelans contend with food, medicine shortages, as low oil prices cripple economy By Kenzi Abou-Sabe Amid Venezuela's ongoing economic crisis, protests this month in the nation's capital over shortages of medicine and basic supermarket necessities have spotlighted the ripple effect of the falling price of oil, the country's main export. Continue reading
Jul 07 Watch 8:04 Why the Greek crisis is a matter of life and death for some By PBS News Hour Greece traditionally has had a low suicide rate, but over five years of austerity, the country has seen an increase in the number of people taking their own lives. And if the crisis gets worse, the number of suicides and… Continue watching
Jul 05 'No' supporters celebrate as Greek voters reject bailout By News Desk Greeks have voted overwhelmingly to reject bailout terms offered by Greece's international creditors… Continue reading