financial crisis

Rolexes and cars; Lebanese spend big to prise savings from the bank
Middle East

Rolexes and cars; Lebanese spend big to prise savings from the bank

BEIRUT (Reuters) – When she heard Lebanese banks would limit cash withdrawals, Rita, a doctor, rushed out to buy a…
Facing humiliating controls, Lebanese focus fury on banks
Middle East

Facing humiliating controls, Lebanese focus fury on banks

BEIRUT (AP) — Before picking up cash from a downtown bank in Lebanon’s capital, Mey Al Sayegh mentally braces herself…
Diplomats to Lebanon: Expect no aid before government formed
Middle East

Diplomats to Lebanon: Expect no aid before government formed

PARIS (AP) — Lebanon cannot expect to receive international aid for its battered economy until a new government undertakes serious…
Fear, turmoil in Lebanon as its financial crisis worsens
Middle East

Fear, turmoil in Lebanon as its financial crisis worsens

BEIRUT (AP) — On one of Beirut’s main commercial streets, store owners are cutting salaries by half or considering shutting…
Lebanese veterans block highways in budget protest
Middle East

Lebanese veterans block highways in budget protest

BEIRUT (Reuters) – Hundreds of veterans burned tyres and blocked highways in Lebanon on Thursday to protest plans to tax…
Greek party hotspots turning toxic
World

Greek party hotspots turning toxic

Bakari Henderson had never been to Greece. But fresh out of college, the aspiring US entrepreneur traveled to Zakynthos this…
‘Big Short’ goes long on comedy to look at 2007-09 financial crisis
Cinema/TV

‘Big Short’ goes long on comedy to look at 2007-09 financial crisis

It is not easy to find the humor in the financial crisis that hit the US economy eight years ago,…
Financial crisis best-seller ‘The Big Short’ gets Hollywood makeover
Art news

Financial crisis best-seller ‘The Big Short’ gets Hollywood makeover

Michael Lewis' "The Big Short: Inside the Doomsday Machine" comes to cinema screens next month in a Hollywood adaptation of…
Greek suicide a potent symbol before election
World

Greek suicide a potent symbol before election

ATHENS — A Greek pensioner's suicide outside parliament has quickly become a symbol of the pain of austerity and has…
Egypt is facing financial crisis, says finance minister
Business

Egypt is facing financial crisis, says finance minister

Egypt is facing a financial crisis that only foreign funding could help alleviate in the short term, Minister of Finance…
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