Tag: Financial crisis
UN says pandemic created an `unparalleled’ employment crisis
UNITED NATIONS — The COVID-19 pandemic has created an “unparalleled” global labor market crisis that will affect the employment market for years, the International...
World Bank: Lebanon’s crisis among world’s worst since 1850s
BEIRUT — Lebanon’s severe economic and financial crisis is likely to rank as one of the worst the world has seen in more than...
Pope invites Lebanese Christians to Vatican for peace prayer
VATICAN CITY — Pope Francis has invited representatives of Lebanon’s Christian community to the Vatican on July 1 for a day of prayer and...
Pandemic or no, CEO pay rises again. Typical package: $12.7M
NEW YORK — As COVID-19 ravaged the world last year, CEOs’ big pay packages seemed to be under as much threat as everything else....
WFP boosts assistance in Lebanon as economic crisis deepens
BEIRUT — The World Food Program said on Wednesday it is tripling its assistance to Lebanon, offering cash assistance to nearly 300,000 people amid...
Review: For such a small place, Iceland has a big influence
“How Iceland Changed the World: The Big History of a Small Island,” by Egill Bjarnason (Penguin)
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World Bank allocates $2 billion to fund projects in Sudan
CAIRO — The World Bank said Monday it has allocated $2 billion to cash-stripped Sudan as the transitional government has struggled to address the...
As pandemic spread pain and panic, congressman chased profit
WASHINGTON — In the early days of the pandemic, New Jersey Rep. Tom Malinowski scolded those looking to capitalize on the once-in-a-century health crisis....
On the sidelines, Hezbollah looms large over Gaza battle
BEIRUT — Ever since their last war in 2006, Israel and Lebanon’s powerful Hezbollah militia have constantly warned that a new round between them...
ECB sees elevated risks to financial stability in Europe
FRANKFURT, Germany — The European Central Bank says risks to the stability of companies, banks and financial markets remain “elevated” due to the uneven...
