Economic crisis

'People are going to go hungry': Gordon Brown calls for urgent action amid cost of living crisisFormer Prime Minister Gordon Brown has claimed there was a "vacuum" in the center of government which has prevented him from tackling the…

This was extremely important for both political and economic reasons. Over the past 40 years, globalization has had a major effect on the world economy. It has helped contain inflation and increase prosperity in the West, while lifting…

Russian sanctions seem to have had a significant impact on Europe. These serious consequences include inflation, which is now at 8% after briefly hitting 10%. Humanitarian Catastrophe, Global Economic Crisis: Implications of Russian…

Attachments This report is produced by the OCHA Regional Office for Asia and the Pacific (ROAP) on behalf of the ISCG. The updates below cover activities carried out between 16 and 29 July 2022 and provide an…

In releasing its latest Red Flag Alert data, business rescue and recovery specialist Begbies Traynor said Scottish businesses saw a steeper rise in advanced distress levels than the rest of the UK in the second quarter of 2022. .According…

yorkfoto Italy is facing an existential crisis that threatens the fate of the entire European Union. In this article, we will look at the evolution of the ongoing crisis in Italy, which really boils down to one major factor. Italy is…

MIAMI - A cruise ship recently rescued 12 men at sea and these incidents are on the rise. Since October of last year, U.S. Coast Guard crews have encountered 3,683 Cubans at sea. In the previous fiscal year, there were 838.The influx of…

Inspired by post-Trump America If we look at all of Orban's controversial moves in recent years, it's clear that he didn't invent anything new. He keeps building on America's campaign strategists and the latest Republican talking points,…

OSeeing the Conservative Party candidates spraying cash as they vie for the keys to No 10, it seems rude to ask where the money will come from. Running a 21st century economy doesn't come cheap and, unfortunately for those in power, gets…

Just over 100 days away from this year's United Nations Conference of the Parties on Climate Change (COP27), the Bank of England and the Central Bank of Egypt (CBE) are meeting to discuss climate risks and…

The second quarter of this year has seen an acceleration of economic growth in the Eurozone, but as long as Russia continues to cut gas supplies, the region's outlook will suffer. According to Eurostat, the European…

Danuta Kuroń rushed to prepare emergency supplies for two refugees after receiving their call for help. They were hungry, wet and lost in the vast Białowieża Forest, a UNESCO World Heritage Site that straddles the border between Poland and…

July 27, 2022 U.S. Senators Chris Van Hollen (D-Md.) and Jeff Merkley (D-Ore.) sent a letter to Senate Energy and Water Appropriations Subcommittee Chair Dianne Feinstein (D- California), asking the committee to…

Bangladesh has asked the International Monetary Fund to help weather the financial shock caused by volatile energy prices after Russia's invasion of Ukraine, officials said on Tuesday. The South Asian nation has seen long outages in recent…

For several months, Sri Lanka has been experiencing serious political instability and unprecedented economic turmoil. The overwhelming perception in Sri Lanka and elsewhere is that the economic crisis in Sri Lanka has been…

By John Richardson GEOPOLITICS IS, I believe, only one aspect of a crisis facing the chemical industry, which is deeper and more complex than anything we have faced before. Intensive crisis management to get us out of…

Amid political and economic crises, Pakistan's all-powerful military establishment is planning a 'soft intervention' in which it would mediate between former prime minister and PTI chairman Imran Khan and ruling coalition…

Politicians, economists and energy sector experts…

Percy Abeysekera watches the test cricket match between Sri Lanka and PakistanGalle, Sri Lanka: Cricket-obsessed Percy Abeysekera has been a constant presence at Sri Lanka matches since their first Test against England in 1982…

Hikmat Noori is an Afghan journalist who reports on conflict, politics, development and culture in Afghanistan.A year ago, Mohammad Rashid Anwari, 39, had it all: a successful business, a growing family and resources that allowed him to be…

Zhengzhou, China: In a grim reminder of the horrific Tiananmen Square massacre, Chinese tanks were seen rolling through the streets of Henan to 'protect' banks amid large-scale protests as the country's financial crisis gets worse.…

Comment this storyCommentHere is a scenario. You buy a pre-construction apartment and start paying the mortgage before it's finished. The developer stops the project, has defaulted on its debt and it seems that the property will never be…

Since the era of the great Emperor Ashoka, India and Sri Lanka have had cultural, social, intellectual, religious and economic ties. Whenever the Indian Ocean tear was in distress, India acted like a Big Brother. Whether it's the Sri…

Secretary General of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), Tenzin Lekphell, said the Ukraine crisis has exacerbated economic problems in BIMSTEC and members should prioritize…

State of emergency in Sri Lanka: Sri Lanka's interim president Ranil Wickremesinghe told CNN in an interview on Monday that Gotabaya Rajapaksa's government was "covering up facts" about the financial crisis and not telling the truth about…

It comes as the eurozone slides deeper into "crisis", according to financial expert Alasdair Macleod. The euro faces high leverage and rapidly spiraling inflation. In June, Eurozone inflation hit a record high of 8.6% and energy prices…

Gotabaya Rajapaksa's resignation was accepted by parliament on Friday.Dove: Sri Lanka's ousted president, who fled abroad this week to escape a popular uprising against his government, said he had taken 'all possible measures'…

Firozabad's glass industry has an estimated annual turnover of Rs 10,000 crore and employs over 6 lakh people locally AGRA: Repercussions of economic crisis in Sri Lanka have reached 'India's glass city', says UP firozabad. GlassExporters!-->!-->!-->!-->…

ECONOMYNEXT - Sri Lanka's international partners have urged the island nation to uphold law and order and prevent violence after its unprecedented political crisis following heavy protests forced its president…

Former NITI deputy chairman Aayog Arvind Panagariya said on Thursday that Chinese investment in Sri…

Aid agencies are warning that the health and wellbeing of six million Sri Lankans could be at risk as the country faces extraordinary political upheaval and a punishing economic collapse.Ousted President Gotabaya Rajapaksa fled the country…

Macroeconomic policy in India since the global financial crisis…

COLOMBO, Sri Lanka – Sri Lanka's president fled the country early Wednesday, days after protesters stormed his home and office as well as the official residence of his prime minister amid a devastating economic crisis which caused severe…

Read more crisis. The 73-year-old leader fled his official residence in Colombo just before tens of thousands of protesters swarmed it on Saturday. He then wanted to travel to Dubai, officials said. Sri Lanka's embattled president was…

Image source: PTI Protesters gather at the premises of the Sri Lankan President's official residence in Colombo, Sri Lanka. Strong pointsDebt-ridden Sri Lanka to reconvene Parliament on July 15 Lanka, facing the worst economic crisis…

BBy the time the Conservative Party manages to elect a new leader, Britain will be either in recession or dangerously close. The cost of living crisis will enter a new, more painful phase with a new surge in energy bills. A difficult…

The Sri Lankan crisis is taking another dramatic turn as Dhammika Perera, the minister for investment promotion, has announced his resignation from his post as minister with immediate effect. The business tycoon, in a…

In the hangars of Colombo's Bandaranaike International Airport, there are three planes of the national airline SriLankan Airlines. They are devoid of engines, deliveries of which have been delayed due to production and logistics problems…

Buildings in North Korea's Sinuiju are seen behind the Friendship Bridge over the Yalu River at sunrise in Dandong, Liaoning province, China April 20, 2021. REUTERS/Tingshu WangJoin now for FREE unlimited access to Reuters.comRegisterSEOUL,…

AMMAN, Jordan — More than 30 international aid agencies, including Catholics and other Christian groups, are warning of a humanitarian catastrophe if the UN Security Council does not renew a resolution by July 10 allowing the!-->…

Sri Lankan Prime Minister Ranil Wickremesinghe declared the country "bankrupt" on Tuesday as its financial…

Britain's Prime Minister Boris Johnson meets New Zealand Prime Minister Jacinda Ardern (not pictured) in Downing Street, London, Britain July 1, 2022. REUTERS/John Sibley/PoolJoin now for FREE unlimited access to Reuters.comRegisterLONDON,…

(MENAFN - NewsIn.Asia) By PKBalachandran Colombo, July 4: The United States is using the economic crisis in Sri Lanka to link the Indian Ocean island nation to the anti-China Indo-Pacific alliance,…

Former Finance Minister Seth Terkper speaking on the AM Show on Monday on Ghana's IMF bid A former finance minister, Seth Terkper, has said the government is giving too much importance to!--p>…

Argentina's Economy Minister Martin Guzman poses for a photo before an interview with Reuters at the Economy Ministry, in Buenos Aires, Argentina December 10, 2020. REUTERS/Agustin MarcarianJoin now for FREE unlimited access to…

If the purpose of this column is to give the news the point of view of 34 years of experience in writing at the Herald of Buenos Aires (1983-2017), few keywords have been more consistent throughout this experience than “crisis”. If…

LAHORE: The Ready Made Garments Manufacturers & Exporters Association of Pakistan (PRGMEA) has issued a desperate SOS appeal amid the industry's acute financial crisis amid delayed sales tax refunds, rising mark-up rate, soaring fuel…

Members of the Sri Lankan Air Force distribute tokens to people queuing for fuel due to a fuel shortage, amid the country's economic crisis, in Colombo, Sri Lanka, on 27 June 2022. REUTERS/Dinuka LiyanawatteJoin now for FREE unlimited…

Colombia, Sri Lanka - Hairy Anna Lechchami, 49, from Ratnapura village, about 100 km (62 miles) from Colombo, Sri Lanka's main city, is grateful for any job she gets. If she or her husband find work cleaning, cooking or picking tea leaves,…

Amid Sri Lanka's worst economic crisis since independence, the opposition Samagi Jana Balawegaya party has warned it will take to the streets if its demands are not met. The party calls for a change of government. Samagi Jana Balawegaya,…

Cash-strapped Sri Lanka announced a two-week halt to all fuel sales except essential services and called for a partial shutdown as its unprecedented economic crisis deepened.The South Asian nation is facing its worst economic crisis since…

The high-level delegation representing the US State Department and the US Treasury Department met with Sri Lankan President Gotabaya Rajapaksa not long ago. Members of the delegation include Deputy Assistant…

COLOMBO, Sri Lanka (AP) — Senior U.S. officials arrived in Sri Lanka on Sunday to explore ways to help the island nation beset by an unprecedented economic crisis and severe shortages of essential supplies, as the…

A high-level US delegation to visit Sri Lanka will arrive here on Sunday to meet with the country's top leaders to help resolve the current economic crisis as the island nation, which is on the verge of bankruptcy, struggles to pay for the…

Sri Lanka is in crisis. Covid-19 sent the economy into a tailspin, and now it's in a tailspin. Its Prime Minister Ranil Wickremesinghe recently declared that the country's…

COLOMBO, June 23 (Reuters) - India's top diplomat held talks with Sri Lanka's president and prime minister on Thursday as India signaled its willingness to go beyond 4 billion dollars of loans, exchanges and aid that she has already given…

Statement from Neil Turner, National Director of the Norwegian Refugee Council (NRC) in Afghanistan, on the devastating 5.9 magnitude earthquake that struck the country last night: “Our teams are on the ground carrying out a…

Britain's cost of living crisis is being made worse by Brexit which is reducing the country's growth potential and costing workers hundreds of pounds a year in lost wages, new research has found.The Resolution Foundation think tank and…

The United Nations has announced a $3.2 billion plan for Lebanon to deal with the lingering effects of the long-running economic crisis and war in neighboring Syria, the international body!-->…

NEW DELHI- A team from the International Monetary Fund is in Sri Lanka for crucial rescue negotiations with the country in crisis which has hardly any foreign currency to import food, fuel and medicine. The talks began on Monday as…

Just before sunrise, when the sky was yellow and apricot, a jackal rushed down the road, saw me, turned around, and ran into the golden grass. It was a very cold winter morning and there was an icy wind with the temperature hovering…

By AFP COLOMBO (Reuters) - The Sri Lankan army opened fire to contain riots at a petrol station, officials said on Sunday as unprecedented queues for petrol and diesel were seen in the whole country bankrupt.…

Amid the unprecedented economic turmoil in the country, Sri Lankan Prime Minister Ranil…

Ludhiana: The financial crisis of Ludhiana Municipal Corporation appears to have worsened as the civic body failed to pay May salaries to a large number of employees.The delay in publishing the salaries of employees began to cause problems…

Iranian media and officials have remained largely silent on Washington's decision to sanction companies and individuals for violating US sanctions by exporting petrochemicals.In a clear move to pressure Iran over stalled nuclear talks, the…

ECB President Christine Lagarde sounded the alarm earlier that the European economic community could return to dark economic days, with the bank warning of "resurgent fragmentation risks" in a statement. Following Wednesday's emergency…

Moreover, inflation expectations in, say, 1970 were certainly not for the inflation that occurred afterwards. Politicians then tended to blame inflation on temporary factors, as we have seen more recently. Economies are, it is true, more…

Crisis-hit Bordeaux are relegated to France's THIRD TIER amid crippling financial difficulties with the six-time French champions already expelled from Ligue 1... as the club voice their 'CONTESTATION' over a 'brutal' decision…

India's IT services industry has been on a roll in recent years. Whether it's revenue, net profit, net headcount, development, customer list, new service portfolio, or any other measure of growth, it's been a remarkable time for the…

By Judge Chandradasa Nanayakkara "Triple Gem" in Buddhism means three things: the Buddha (fully enlightened), the Dharma (teachings of Buddha), and the Sangha (the community). They are also known as the "Three Refuges" and…

Britain's economy contracted unexpectedly in April as soaring energy costs and supply chain disruption dragged manufacturing amid the cost of living crisis.In figures highlighting the growing risk of recession, Office of National Statistics…

Economic crisis in Sri Lanka: Sri Lanka is facing its worst economic crisis since its independence.Dove: The Sri Lankan government plans to introduce a fuel rationing program from next month, under which registered consumers…

Trans-Caspian pipeline could solve Europe's energy crisis The Caspian region has approximately 292 trillion cubic feet of natural gas in reserve. (Google Maps) Last week, the foreign ministers of Turkey, Azerbaijan and…

Forget Ukraine, coronavirus, corporate greed and 'supply chain issues', when it comes to inflation, the climate crisis is the real enduring worry, new book says, and one that will only grow aggravate.climatonomicby former White House…

Attachments FULBERT TCHANA TCHANACLAUDIA NOUMEDEM TEMGOUAABOUDRAHYME SAVADOGOLANDRY KUATE FOTUE While Chad, a net oil exporter since 2003, saw its GDP per capita double between 1995 and 2014, since then it has lost…

Food imports are expected to reach $1.81 trillion this year, surpassing the all-time high reached…

China on Wednesday praised India for helping Sri Lanka amid the island nation's unprecedented…

Anticipating a winter season marked by a severe energy crisis, Ukraine will halt all coal, natural gas and oil exports, Ukrainian President Volodymyr Zelensky said in a statement. address to the nation Wednesday.Ukraine…

Newly appointed Prime Minister Ranil Wickremesinghe arrives at a Buddhist temple after his swearing-in ceremony amid the country's economic crisis, in Colombo, Sri Lanka May 12, 2022. REUTERS/Dinuka LiyanawatteJoin now for FREE unlimited…

India on Monday delivered life-saving drugs, medical equipment and relief supplies to hospitals and residents of Sri Lanka as part of its growing aid to help the debt-ridden country overcome its worst economic crisis. A crippling shortage…

Bonuses paid to bankers, insurance brokers and other finance sector workers in the UK have reached a record high and are rising more than six times faster than average wages in the UK, unions have found.The Trades Union Congress said its…

The aid will provide general and intensive care in the Northern Province of Sri Lanka.Jaffna, Sri Lanka: In continuation of the Government of India's continued support to the people of Sri Lanka, India as part of the latest…

President Emmerson Mnangagwa is haunted by the 2018 legitimacy crisis that saw the economy implode and plunge the country into chaos, opposition Citizens' Coalition for Change leader Nelson Chamisa has said. CCC leader Chamisa says…

The Russian-Ukrainian conflict, which has now lasted for more than three months, will lead to major and long-term changes in the world trade in energy and raw materials. Western sanctions against Russia and efforts by European nations to…

Cricket - ICC Men's T20 World Cup 2021 - Super 12 - Group 1 - Australia v South Africa - Zayed Cricket Stadium, Abu Dhabi, United Arab Emirates - October 23, 2021 Australia's Aaron Finch in action REUTERS/Hamad I Mohammed/File PhotoJoin now…

Unlike those infamous episodes, this one isn't all about oil."Now we have an oil crisis, a gas crisis and an electricity crisis at the same time," Fatih Birol, head of the International Energy Agency's monitoring group, told Der Spiegel in…

West Bengal Chief Minister Mamata Banerjee on Wednesday said the country is facing a wheat supply crisis due to the Centre's mismanagement of the economy. Calling the BJP-led Union government "falsified", she said wrong…

IIn mid-May, I traveled from London to Slovenia to interview the Ukrainian men's football team in their bid to reach the Qatar World Cup in November. It was a four-day mission, requiring travel via train stations,…

Express press service HYDERABAD: The Telangana government, which is in the throes of a major financial crisis due to the Union government's refusal to allow open market borrowing, may face another problem in the form…

COLOMBO, May 29 (Reuters) - Sri Lankan Prime Minister Ranil Wickremesinghe said on Sunday his government was working to hold the president and cabinet accountable to parliament, after weeks of street protests sparked by the worst economic…

In the face of the financial crisis, the Consortium of Engineerinf Colleges in Tamil Nadu requested the state to increase the fees Chenai: The Consortium of Self-Funded Vocational Colleges of Arts and Sciences of Tamil Nadu, which…

The PML-N led government is currently deciding on the allocation of funds for the next budget. The meeting of the Economic Coordination Committee (ECC) of the cabinet in this regard, is scheduled for today at 4:00 p.m. During the meeting,…

Pakistani Prime Minister Shehbaz Sharif (Photo: Twitter/@ANI/screengrab)Photo: ANIIslamabad: On Friday, Pakistani Prime Minister Shehbaz Sharif delivered his first address to the nation. In his speech, Sharif blamed former Prime Minister…

As Sri Lanka suffers from a severe economic crisis, President Gotabaya Rajapaksa on Thursday appealed to the international community to help Sri Lanka meet essential needs for medicine, food and fuel to…

FILE PIC: President of the African Development Bank (ADB). Akinwumi Adesina Africa's GDP recovered strongly last year, but the impact of the COVID-19 pandemic and the Russian-Ukrainian conflict could pose significant…

F1. that of budget ceiling It is a periodic letter to which further details are added from time to time. When it was assumed and operated, the international context was very different from that of today. First the Covid-19 pandemic,…

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Robert Kiyosaki, author of the best-selling personal finance book Rich Dad Poor Dad and financial influencer took to Twitter to warn his followers of the impending global financial crisis and asked them to save food, Bitcoin and precious…

SymbolPriceSwitch%SwitchMe: DJI$31,261.90+8.77+0.03% SP500$3,901.36+0.57+0.01%I: COMP$11,354.62-33.88-0.30%U.S. stocks rose slightly early Monday morning before the opening bell on Wall Street as another busy week of retail earnings reports…

New Delhi: Crisis-hit Sri Lanka received on Sunday May 22, 2022 an Indian ship carrying emergency relief supplies like rice, life-saving drugs and powdered milk and new Prime Minister Ranil Wickremesinghe expressed his gratitude to the…

Lebanese executive Jad has spent around $135,000 securing new citizenship for him and his wife, fearing visa hassles will cost him his job in Dubai, while an economic meltdown has wiped out all options for return at…

After a hiatus of nearly two and a half years, the Swiss ski resort of Davos is set to once again host the annual meeting of the World Economic Forum with a host of world…

Finance chiefs from major Group of Seven economies have pledged $19.8 billion in budget support to Ukraine this year as the country struggles to keep functioning amid the…

Sri Lankan authorities on Friday closed schools and asked civil servants not to come to work in a desperate move to prepare for a severe fuel shortage that is expected to last for days amid the country's worst economic crisis in…

Shortages of baby and toddler formula in the United States disproportionately affect vulnerable infants and low-income families who lack the resources to travel long distances or pay premium prices for essential nutrients. And while the US…

A Christian nun sings hymns as activists observe a minute's silence in remembrance of victims of Sri Lanka's civil war, at the ongoing anti-government protest site in Colombo, Sri Lanka, Wednesday, May 18, 2022. Credit: AP Photo/Eranga…

Sri Lanka's severe economic crisis shows no signs of ending soon, with newly installed Prime Minister Ranil Wickremesinghe warning of tougher days ahead. Hanaa Singer-Hamdy, the top UN official in Sri Lanka, told UN News that amid…

THOMASVILLE, Ala. – A whole city celebrated in 2020 when, at the start of the coronavirus pandemic, the Thomasville Regional Medical Center opened its doors, providing cutting-edge medicines that were previously unavailable in a poor and…

New Delhi: In a first public address after being elected the new Sri Lankan Prime Minister, Ranil Wickremesinghe said on Monday that the Sri Lankan economy at present is "extremely precarious". He also offered to privatize!-->…

Lebanon yesterday held its first election since a painful economic crisis dragged it to the brink of bankruptcy, a major test for new opposition groups determined to oust the ruling elite.But few observers expected a seismic shift,…

Published on: 05/15/2022 - 07:36 Colombo (AFP) - Sri Lankan authorities on Sunday lifted a nationwide curfew for a major Buddhist festival, with celebrations snuffed out as the…

The Group of Seven foreign ministers vowed on Saturday to deepen Russia's economic and political isolation, continue to supply arms to Ukraine and tackle what the German foreign minister called of the "wheat war" waged by Moscow.After…

Former Pakistani Prime Minister Imran Khan on Friday launched a veiled probe into the mighty military for allowing the opposition's crucial no-confidence motion filed against…

Friday, May 13, 2022 6:00 a.m. Rishi Khosla, CEO of OakNorth Rishi Khosla has become somewhat accustomed to dealing with economic crises over the past seven years. Since his digital!-->…

Sri Lanka named a new prime minister on Thursday, a move President Gotabaya Rajapaksa hopes will end weeks of worsening civil unrest in which at least nine people have died this week and more than 300 have been injured. Ranil…

Cecilia Rouse, President Joe Biden's top economic adviser, suggested this week that Americans are facing an economic crisis because Biden has expertly handled the COVID-19 pandemic.What are the details?Americans are battling soaring prices…

The grand and ceremonial event that is the official opening of parliament, with its pomp, opulence and display of power and influence, has never seemed so removed from the lives of ordinary people.The hallowed halls of the Palace of…

Analysts say financial aid and reform can help, but a sustainable Palestinian economy is not possible as long as the Israeli occupation continuesPalestinian Authority Prime Minister Mohammad Shtayyeh flew to Brussels, Belgium's capital and…

Taipei, Taiwan - As the war in Ukraine upends global commodity markets and triggers a scramble for resources, the crisis is redrawing the energy map of Asia-Pacific. While the picture is far from clear, the region's emerging contours are…

Thousands of Lebanese living in nearly 50 countries have started early voting in the country's closely watched parliamentary elections, days after similar…