Washington (AP) – He has faced a financial crisis. Two deep recessions. Student loan wounds. Fixed salary. Expensive health care. Dim job prospects. They have seen the uber-rich more prosperous while an …
Read More »Top Lebanese hospitals fight a tedious battle against the virus
BEIRUT (AP) – Death spreads in the corridors of Rafiq Hariri University Hospital in Beirut, where COVID-19 is the new norm to lose many patients in one day. The mood among the …
Read More »Warren Buffett invested $ 5 billion in Bank of America during the debt crisis. Here is the story of how the investor helped the bank and made a fortune in the process.
Alex Wong / Getty Images Warren Buffett invested $ 5 billion in Bank of America in August 2011, bringing confidence and cash to the struggling lender. The famed investor and CEO of …
Read More »World Bank chief economist says coronavirus fallout could turn into global financial crisis
Carmen Reinhart. Samuel de Roman / Getty Images Major economies may well be on their way to recover, but a government-borrowed boycott risks mitigating the financial crisis, the World Bank’s chief economist, …
Read More »Warren Buffett telephoned Treasury Secretary Hank Paulson with a thought provoking moment after the 2008 financial crisis. It may have saved the American economy
US Treasury Secretary Henry Paulson (L) shared a laugh with financier Warren Buffett, president and CEO of Berkshire Hathaway, at the March 13, 2007 conference on US Capital Market Competitiveness in Washington. …
Read More »Warren Buffett telephoned Treasury Secretary Hank Paulson with an impetus on the financial crisis. It may have saved the American economy
US Treasury Secretary Henry Paulson (L) shared a laugh with financier Warren Buffett, president and CEO of Berkshire Hathaway, at the March 13, 2007 conference on US Capital Market Competitiveness in Washington. …
Read More »Japan’s economy has shrunk to record rate due to epidemic
Tokyo (AP) – Japan’s economy shrunk at an annual rate of 27.8% in April-June, the worst contraction on record, consumption and trade as a coronavirus virus pandemic, according to data released on …
Read More »Wealth management companies have taken PPP loans amid a coronavirus pandemic
Natasha Alipour Faridani | DigitalVision | fake pictures The government’s release of data on companies that have participated in the Paycheck Protection Program confirms what many in the financial advisory industry already …
Read More »Puerto Rico faces austerity measures in the midst of budget disputes | Region
SAN JUAN, Puerto Rico (AP) – New austerity measures are looming for Puerto Rico after local lawmakers refused to amend labor laws required by a federal control board that said the changes …
Read More »Former Venezuelan oil czar sees accelerated economic collapse
ARCHIVE – In this file photo of October 10, 2014, the then Minister of Foreign Affairs of Venezuela, Rafael Ramírez, speaks during a press conference surrounded by an image of the hero …
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