Tag: Financial markets
Powell likens emergency Covid efforts to efforts at Dunkirk
WASHINGTON — Federal Reserve Chairman Jerome Powell compared the actions taken by the central bank early in the pandemic as the economy barreled toward...
Recharged: Energy seen as big winner after disastrous 2020
Energy companies spent the first quarter of 2021 recharging from a draining year. Wall Street expects that growth to continue as energy companies and...
Spielberg donates Genesis Prize money to justice nonprofits
NEW YORK — Steven Spielberg said Thursday that he will donate his $1 million Genesis Prize to 10 nonprofits that are working for racial...
Syria to send Lebanon emergency oxygen supply for hospitals
BEIRUT — The government of war-torn Syria said Wednesday it will send emergency oxygen supplies to neighboring Lebanon, which has experienced shortages amid a...
Turkish lira plummets after Erdogan fires central bank chief
ANKARA, Turkey — The Turkish currency plummeted against the U.S. dollar on Monday after President Recep Tayyip Erdogan fired the central bank governor over...
Saudi oil giant Aramco reports 30% drop in payments to state
DUBAI, United Arab Emirates — Saudi Arabia’s state-backed oil giant Aramco paid the Saudi government 30% less in taxes in 2020, the company reported...
Cabinet formation talks in Lebanon collapse amid crisis
BEIRUT — Talks on the formation of a new Cabinet in Lebanon collapsed Monday, heralding more economic and financial collapse for the small Arab...
A very happy anniversary for the stock market
NEW YORK — It was one year ago that the terrifying free fall for the stock market suddenly ended, ushering in one of its...
Supply bottlenecks leave ships stranded, businesses stymied
NEW YORK — A trade bottleneck born of the COVID-19 outbreak has U.S. businesses anxiously awaiting goods from Asia — while off the coast...
Women mark Mothers’ Day in Beirut with march to damaged port
BEIRUT — Dozens of women, including mothers who lost their children in the massive Beirut explosion last year marched to the still-damaged scene of...
