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Lebanon Recession


By ANNE D’INNOCENZIO – AP Retail Writer NEW YORK (AP) — Americans shrugged off shortages, soaring prices and uncertainty surrounding the omicron variant to break spending records during the critical holiday shopping season. But figures released on Friday show that after spending vigorously at the start of the holiday season, consumers slowed down their purchases …

By CHRISTOPHER RUGABER – AP Economics Writer WASHINGTON (AP) — Lael Brainard pledged in written remarks Wednesday to help the Federal Reserve fight a spike in inflation while supporting economic recovery — a delicate balancing act it would face if it were confirmed as Fed No. 2 official. Brainard, a member of the central bank’s …

By CHRISTOPHER RUGABER – AP Economics Writer WASHINGTON (AP) – High inflation is wreaking havoc on American families, Federal Reserve Chairman Jerome Powell admitted in remarks to be delivered at a Congressional hearing on Tuesday, where he is sure to faced with difficult questions on the subject. “We know that high inflation comes at a …

Red jumpsuits, Salvador Dalí’s masks and the revolutionary Italian anti-fascist hymn “Bella Ciao” ​​are no longer simply elements that make up the iconoclastic Spanish drama “Money Heist”. They managed to bleed themselves out in real life as many protesters – from the hit show’s home country to Lebanon, Indonesia and beyond – imbued these motives …

WASHINGTON, DC – JANUARY 06: A protester is seen inside the United States Capitol on January 06, 2021 … [+] in Washington, DC. Congress held a joint session today to ratify President-elect Joe Biden’s 306-232 victory over President Donald Trump. A group of Republican senators have said they will reject Electoral College votes in several …

By ALEX VEIGA – AP Business Writer A late drop pulled the major indices in the red on Wall Street on Thursday, leaving the S&P 500 and the Dow Jones Industrial Average slightly below the records they set a day earlier. The benchmark S&P 500 fell 0.3%. The Dow Jones and the Nasdaq each fell …

The year 2021 has not been filled with favorable results for Iran. However, with the swearing-in of a new U.S. Democratic administration in January and the installation this summer of a die-hard Iranian president in Ebrahim Raisi – a goal long sought by Tehran’s rulers – senior Iranian officials are expect the situation in Iran …

The number of Americans claiming unemployment benefits remained unchanged last week, remaining at an all-time low that reflects the strong recovery in the labor market after the coronavirus recession last year. Unemployment claims remained at 205,000. The four-week average, which eases week-over-week highs and lows, rose to just over 206,000. The numbers suggest the spread …

The international community has not done enough to support Lebanon, said UN Secretary General Antonio Guterres. The country is suffering from a severe economic crisis while trying to accommodate more than a million Syrian refugees. During a three-day visit to Lebanon, Guterres pleaded for more support after meeting with Lebanese President Michel Aoun. “I think …

CARSON CITY, Nevada (AP) – Nevada’s unemployment rate remains among the highest in the United States as the pandemic continues to inject uncertainty into the economy and hamper full recovery. Unemployment has declined steadily since the peak of the pandemic at a faster rate than almost any other state. But Nevada’s unemployment rate remains the …