Economic crisis

Supply chain issues, the result of shutdowns and other extreme Covid measures, have plagued Americans throughout the pandemic and had affected a majority of people by the end of 2021. The problem was compounded by a labor…

Colombo, Jan 22 (PTI) Sri Lanka's core inflation rate, as measured by the National Consumer Price Index, accelerated to 14% in December 2021 from 11.1%, it was reported on Saturday. the government statistics office, in the midst of a severe…

ISTANBUL — Turkish President Recep Tayyip Erdogan is due to meet the leader of El Salvador, the first country to make bitcoin legal tender, on Thursday, while Turkey's central bank kept interest rates on hold in a move that won't probably…

What's going on in Sri Lanka?Sri Lanka's economy has been heading for an economic crisis since the pandemic hit hard. The Sri Lankan government declared an economic emergency on September 1, 2021 amid falling foreign exchange reserves,…

President Gotabaya Rajapaksa Prime Minister Mahinda Rajapaksa Basil Rajapaksa, Minister of Finance BASL President Saliya Peiris We believe that the current crisis is the crescendo of the…

What's going on in Turkey? Turkey has been facing currency and debt crisis for a long time. The value of the Turkish lira has recently fallen, losing significant value against the dollar. In November, it depreciated, losing more than a…

Welikada prison murders “BASL should clarify its position now” By Shamindra Ferdinando The chairman of the Committee for the Protection of Prisoners' Rights, lawyer Senaka Perera said his team would soon urge the Supreme…

The Bar Association of Sri Lanka (BASL) has expressed grave concern over signs of an impending economic crisis in Sri Lanka and its possible impact on the rule of law and democracy and on the living conditions of the…

Prime Minister Imran Khan will pay a three-day visit to China from Feb. 3 to attend the opening ceremony of the Beijing 2022 Winter Olympics at the invitation of Chinese leaders. This was stated by…

Tanker trucks block a road in Beirut, the Lebanese capital, during a general strike by public transport and labor unions against the country's economic crisis, on…

The Taliban administration said on Tuesday it was expanding its "food-for-work" program, in which it uses donated wheat to pay thousands of public sector workers instead of cash as the financial crisis deepens .The wheat, largely donated…

KABUL (Reuters) - The Taliban administration on Tuesday announced it was expanding its food-for-work program, in which it uses donated wheat to pay thousands of public sector workers instead of cash as the financial crisis is…

TRIPOLI, Lebanon (AFP) - If he hadn't made a lot of money smuggling irregular migrants to the European Union by sea, Ibrahim himself might have joined the growing exodus from stricken Lebanon by the crisis. "If I hadn't been in this…

Turkey is currently in the midst of an economic crisis, with the value of the Turkish lira collapsing and inflation reaching its highest level since 2002. Balki Begumhan Bayhan writes that ahead of elections scheduled for 2023,…

A flag of the Islamic Emirate of Afghanistan hangs above a street in Kabul, Afghanistan October 19, 2021. Picture taken October 19, 2021. REUTERS/Jorge SilvaJoin now for FREE unlimited access to Reuters.comRegisterKABUL, Jan 11 (Reuters) -…

Emerging economies should brace themselves for possible difficult times as the US Federal Reserve prepares to raise interest rates and global economic growth slows due to the Omicron variant of Covid-19, the IMF warned on Monday . The…

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WASHINGTON - Experts see the prospects for nuclear talks between Washington and Pyongyang darken as North Korea struggles to continue its nuclear and missile programs as its economy collapses. North Korean leader Kim Jong Un spoke at a…

ISTANBUL — Turkish President Recep Tayyip Erdogan has ratcheted up the pressure on the opposition this week with veiled threats of street clashes in response to protests against his rule. Facing an election at some point in the next 18…

Addressing a meeting of selected media editors last week, Sri Lankan President Gotabhaya Rajapakse said last week that his government would realize its "prospects of prosperity and splendor" over the next three years.He blamed his…

Stanphyl Capital's remark for the month ended December 2021, discussing the economic situation in the United States and their long positions in NuScale Power, Volkswagen AG (OTC :) (OTCMKTS: VWAPY) and General Motors Company (NYSE: NYSE…

ISLAMABAD: Prime Minister Imran Khan said on Monday that only an increase in exports can lift the country out of the economic crisis. Only vegetables or other small items are exported from the country, which cannot start the…

Sri Lanka is facing an acute economic crisis due to job and income losses, high food inflation and shrinking finances in the country, according to Sri Lanka's Development Update (SLDU) of the World Bank. Inflation was stimulated by the…

The export amount of Afghan rugs has reached nearly $ 31 million, the chamber of commerce and industry said on Sunday, adding that more than 800,000 square meters of rugs have been exported so far this year (solar) . Last year,…

COLOMBO (New 1st); The government has not been able to curb the queues that are growing in the country, said Samagi Jana Balawegaya MP Tissa Attanayake. Expressing his views on the economic crisis at a press conference in Colombo on…

Against the backdrop of a battered economy, on December 30, Pakistan's National Assembly introduced a "mini budget" that fails to address the growing problems caused by inflation that the government led by Prime Minister Imran hard to…

Turkey's annual inflation rate topped 30 percent in December, thirteen economists estimate interviewed by Reuters. Economists' forecasts varied widely, ranging from a low of 26.4% to a high of 37.3%. Taken together, however, their…

BEIRUT - The Lebanese Newspaper An-Nahar, in cooperation with Lebanon Economic and social council, launched on November 30 on #GiveLebanonABreak campaign, calling on Lebanese officials to end their political wrangling and give the Lebanese…

ISLAMABAD - PML-N chairman and opposition leader in the National Assembly, Shehbaz Sharif, has warned that if the mini-budget is approved, the new year will be the worst inflation year for the country. In a statement, Shehbaz said the…

Home »Health» Barcelona's latest initiative to come out of its economic crisis that has Messi as protagonist December 26, 2021 Barcelona has had a striking initiative to raise funds. Photos: REUTERS / Albert!-->!-->!-->…

A new policy aimed at easing Turkey's currency crisis highlights a historically robust sector of the economy: the banks.Confidence in the local banking system has remained strong despite repeated currency depreciations, sackings of central…

Turkish citizens sell their clothes to buy food. A man asks security guards outside a factory if he can take the leftover bread for his chickens, but eventually eats it with his wife in secret. There are many harsher images of the…

A large number of Lebanese animal rights activists who use social media platforms to express their frustration say that Lebanon's cats and dogs "are not doing well at all". The activists say that the situation "has become unbearable, and…

There is an economic crisis in one part of the world, and everywhere else homemade pancakes are in danger. The place is Turkey, where a far-fetched and widely criticized monetary policy has erased half the value of the local currency this…

Foreign ministers who attended the last meeting of the Organization of Islamic Cooperation (OIC) agreed to establish a humanitarian trust fund to deal with the growing economic crisis in Afghanistan after the takeover…

Member of the UNP Dinouk Colombage working committee The United National Party (UNP) yesterday questioned the absence of the Minister of Finance despite the current financial crisis. Speaking to…

Photograph by Christopher Furlong / Getty Images. A disruptive new variant of Covid-19 was not in the government's economic script. After the…

The government, during the Covid-19 crisis, spent more than $ 2.3 billion over two years to ease the economic burden. Although this move was a cut in the national budget, it continues to implement a policy to restore and promote a growth…

Although the price of Bitcoin is stable for now, experts predict a tough test in 20222021 has been a big year for the cryptocurrency world. Besides digital tokens, other futuristic applications such as non-fungible tokens (NFT),…

KABUL, December 13 (Reuters) - Afghanistan's growing economic crisis worsened on Wednesday as the Afghan currency fell to an all-time high of 125 per dollar, less than a week after crossing 100, adding increasing pressure on the prices of…

Ziad Hilweh knew that his family was in danger of dying on the way. But the risk was well worth it, he said, to reach the coasts of Europe for a new beginning with his wife and three children, far from the daily humiliation of life…

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Namibia is the victim of an old lesson never learned, a lesson never understood, a very delicate lesson to understand and a lesson which still haunts the entire African continent. It is a lesson which contributes to the complete…

KABUL: Peace is slowly returning as an economic crisis rapidly unfolds in Afghanistan, a landlocked country in South Asia that has been mired in conflict for decades. Following the withdrawal of US forces and the Taliban takeover of…

The country's currency, the lira, has lost almost half of its value against the dollar so far this year, and inflation is rising rapidly. Analysts say the unorthodox economic policies of Turkish President Recep Tayyip Erdogan are behind…

LAHORE: Pakistan Muslim League President Nawaz (PMLN) and opposition leader in the National Assembly, Shehbaz Sharif, said on Saturday that Pakistan is currently facing a serious economic crisis and that if it is not resolved…

LAHORE - PML-N chairman and opposition leader in the National Assembly, Shehbaz Sharif, has said that claims that the PTI government was honest and transparent were the biggest lie in the country's history. Addressing a press conference…

At 28, Thurayya left behind the Beirut neighborhood where she was born and moved to the family farm, not because of environmental concerns but forced by the deadly crises in Lebanon. "Living in the city has become very miserable," she…

On July 2, 1999, about two months after the start of the limited war between India and Pakistan on the icy heights of the Kargil sector, a meeting of the Defense Cabinet Committee (DCC) was convened in Islamabad. By this time, the tide of…

Group that coordinates international financial aid to Palestinians calls on donor states to step upThe Palestinian Authority is on the brink of financial collapse.For years, the Palestinian Authority has received financial assistance from a…

São Paulo - Jaqueline de Oliveira, a single mother in Itamaraju, northeast Bahia state, has been cooking over a wood or charcoal fire for the past six months. Unemployed and raising four children aged 6 to 13,…

By William Camacaro and Frederick MillsCaracas, Venezuela This slightly edited article was first published on the Hemispheric Affairs Council (COHA) website on November 22 at tinyurl.com/2p8n6n87. The article was updated on November 23.…

Originally posted on EVANNEX.Through Charles Morris The transition to electric vehicles and renewables is already creating winners and losers. We often write about the winners in this space - they include just about everyone who has…

Sri Lanka is in the middle of a crisis, but not in its depths. Hope that the 2022 budget would give the right signals has evaporated, said political analyst and Advocata Institute adviser Professor Rohan Samarajiva. He made the comments…

“We are no longer talking about a crisis that is about to engulf us. We are now in the midst of it, but not in its depths. The hope that the 2022 budget would give the right signals has evaporated, ”said Professor Rohan…

Sri Lanka is already going through one of the worst economic crises in its history.Reforms are so difficult that no party will even want to consider them let alone implement them for fear of losing popularity.The longer the reforms…

Apple has halted sales of almost all of its products in Turkey in response to the deepening economic crisis in the country. As reported by CNBC, inflation in Turkey is nearly 20%, while the country's pound has fallen by 15%. Apple…

By William Camacaro and Frederick MillsFrom Caracas, Venezuela On Sunday, November 21, Venezuela held mega-elections in which more than 70,000 candidates from all political backgrounds ran for 3,083 state, city and local offices, marking a…

By Mario J. Pentón / Diálogo 22 November 2021 The Cuban regime is going through its worst crisis since the 1990s, when it lost all of its subsidies from…

Iran's Minister of Economy presented what he called the country's "anti-inflation roadmap" to deal with the current crisis, trying to ignore the impact of US sanctions.Iranian media described Minister Ehsan Khanduzi's plan as the…

Afghanistan's deep economic crisis threatens to increase the "risk of extremism" in the region, a senior UN official has warned.The war-ravaged country stands on the brink of humanitarian catastrophe as foreign assets and monetary aid…

The two brothers listen attentively to their younger brother Basil Rajapaksa The budget proposals presented by Finance Minister Basil Rajapaksa, according to several analysts, make a huge effort to avoid penalizing the…

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The coronavirus pandemic has set Barbados' economy back 24 years, the Prime Minister's chief economic adviser, Ambassador Dr Clyde Mascoll, revealed on Friday. This would mean that the economy is worse now than it was after the terrorist…

A new report released by the United Nations on Thursday called for immediate action "to address the lingering economic and fiscal crisis" among the Palestinians. The report, released by the United Nations Special Coordinator for the…

To most people in the United States, Argentina is known for Lionel Messi, the beef and the Patagonia region that inspired a national clothing brand. Most don't know Argentines are in trouble, and their plight should be a…

As the power of Turkish President Recep Tayyip Erdogan weakens, the crisis in the Turkish economy deepens. Since the end of 2012, the Turkish lira has lost more than 80 percent in value, the worst fall in the developing world after…

KARACHI: The dynamics involved in international business activities are becoming more complex than ever as the world recovers from the shock of the Covid-19 pandemic and reopens its borders. UNCTAD's Trade and Development Report 2021…

The recent announcement by post of its entry into the banking industry is a stark reminder of how we seem to have forgotten the causes of the second worst economic decade in the country's history - the 1980s. Forty years later, we are about…

Pakistan is in the throes of a deep economic crisis, with the country needing gross external financing of USD 51.6 billion over a two-year period (2021-2023) to meet its needs. Despite very conservative estimates assessed by the IMF,…