economic crisis Archives - Sight Magazine

Postcards: As Argentina food prices soar, more people scavenge to survive

MIGUEL LO BIANCO, of Reuters, reports from Buenos Aires…

Argentine unions raise challenge to Milei with major strike, protest

Buenos Aires, Argentina Reuters Argentina’s largest union started a 12-hour strike on Wednesday with tens of thousands of workers demonstrating in the heart of Buenos Aires against tough economic austerity measures and reforms by new libertarian President Javier Milei. The action, hitting sectors from transport to banks, is the biggest show of opposition to Milei’s […]

Cuban soup kitchen sees soaring demand as economic crisis deepens

Havana, Cuba Reuters Cuban Elda William, a 60-year old former psychologist, had been making ends meet selling cellphone plans – until a sewage pipe at her home office burst, putting off prospective clients. No-one has come to fix it and her income dried up, leaving her with little choice but to turn to Quisicuaba, a […]

Cuba says no quick fix as economic crisis drags on

People buy vegetables on the street in downtown Havana, Cuba, November 30, 2022.

Havana, CubaReuters There is no quick fix for Cuba’s sputtering economy, its economy minister said on Thursday, as inflation, fuel shortages, plunging farm production and a cash crunch drag on output and continue to fan discontent in the communist-run island nation. People buy vegetables on the street in downtown Havana, Cuba, on 30th November, 2022. […]

“Life is difficult”: Sri Lanka’s economic crisis leaves elderly homeless and penniless

Senior citizen Kiri Banda rests at a public park after walking around and begging for change in Colombo, Sri Lanka on January 30, 2023.

PIYUMI FONSEKA, of Thomson Reuters Foundation, reports that an economic meltdown has forced some elderly people onto the streets as their families can no longer afford to care for them…

Tunisian election had only 8.8 per cent turnout, officials say

Tunis, Tunisia Reuters Only 8.8 per cent of Tunisian voters cast ballots in Saturday’s parliamentary elections, authorities announced, after most political parties boycotted the vote as a charade aimed at shoring up presidential power. The provisional turnout figure is lower than the 9.8 per cent inflation rate – underscoring the economic pressures that have left […]

“There is no future”: Lebanon’s new poor face long-term stagnation

Beirut, Lebanon Reuters Unemployed and unable to support his family of four, Hussein Hamadeh, 51, now spends his days trying to find help to weather a protracted economic crisis that some Lebanese fear has become the new norm. Hamadeh lost his stable job in carpentry and developed an illness that requires expensive medication. He used […]

Aoun’s presidency ends leaving power vacuum in crisis-hit Lebanon

Baabda, LebanonReuters Michel Aoun, the 89-year-old Christian President who presided over Lebanon’s cataclysmic financial meltdown and the deadly Beirut port blast, left the presidential palace on Sunday with his term ending, leaving a void at the top of a failing state. Parliament has so far been unable to agree on a successor in the role, […]