Financial Crisis

Board sues Puerto Rico governor amid economic crisis

Jul 3, 2019

A federal control board overseeing Puerto Rico's finances has sued the U.S. territory's governor, saying he refuses to submit required documents and has approved tens of millions of dollars in unbudgeted spending amid a 13-year recession

UK economy's 'worst month' since Brexit vote aftermath

Jul 3, 2019

A closely watched survey of business activity in the U.K. is showing that the economy contracted in June at its steepest rate since the immediate aftermath of the country's vote three years ago to leave the European Union

UN: Sudan's health supply shortage exacerbated by crisis

Jul 2, 2019

The United Nations says Sudan is facing shortages of medicine and health supplies because of its ongoing economic crisis, which has been exacerbated by recent political upheaval

OPEC extends oil production cuts amid weaker demand outlook

Jul 1, 2019

The oil producers' cartel, OPEC, is considering a six- to nine-month extension of its current deal to cut production amid weakening demand due to slowing global economic growth

Energy stocks swing with economic signals, Mideast tensions

Jun 20, 2019

Energy stocks slipped over sliding oil prices in the second quarter as trade disputes threatened economic growth and crimped demand

The Latest: Regulation on Facebook currency is likely

Jun 18, 2019

One regulatory expert believes Facebook's new currency will "almost surely" fall under U.S. regulation adopted in the wake of the 2008 financial crisis.

Argentina's Macri chooses opposition figure as running mate

Jun 11, 2019

Argentine President Mauricio Macri says he is choosing the leader of the largest opposition bloc in the Senate as his running mate in October's presidential election

After Fed turn, Europe faces stimulus question

Jun 6, 2019

The European Central Bank is wrestling with what to do about growth worries and sluggish inflation, just two days after the U.S. Federal Reserve opened the door to more stimulus

Venezuela confirms major contraction in rare data release

May 29, 2019

Venezuela's government has made a rare acknowledgement of the severity of the country's economic crisis by publishing the first economic data in nearly four years showing a severe contraction and soaring hyperinflation

UN reveals rights abuse at thriving markets in North Korea

May 28, 2019

UN report reveals rights abuses behind thriving markets in North Korea

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