Cost of conflict: Ukraine’s economy stabilises after shock of war
OLENA HARMASH, of Reuters, reports on the impact of the ongoing war on Ukraine’s economy…
“We’re going to be free”: Chinese cheer as COVID curbs are loosened
Beijing, ChinaReuters China on Wednesday announced the most sweeping changes to its resolute anti-COVID regime since the pandemic began three years ago, loosening rules that curbed the spread of the virus but sparked protests and hobbled the world’s second-largest economy. The relaxation of rules, which includes allowing infected people with mild symptoms to quarantine at […]
Essay: After victory in Brazil’s election, Lula faces an uphill struggle – a damaged economy and a deeply divided country
In an article first published on The Conversation, ANTHONY PEREIRA, a visiting professor in the School of Global Affairs, King’s College London, looks at the challenges facing the incoming Brazilian president…
New PM Rishi Sunak pledges to lead Britain out of economic crisis
Last updated: 7:10am, 26th October, 2022 (AEST)London, UK Reuters Rishi Sunak became Britain’s third Prime Minister in two months on Tuesday and pledged to lead the country out of a profound economic crisis and rebuild trust in politics. Sunak quickly reappointed Jeremy Hunt as his finance minister in a move designed to calm markets that […]
World Bank says Ukraine has ten-fold increase in poverty due to war
Washington DC, US Reuters Russia’s attacks on civilian infrastructure in Ukrainian cities away from the front lines will complicate the dire economic situation facing the country, which has already seen a tenfold increase in poverty this year, a top World Bank official said on Saturday. Arup Banerji, World Bank regional country director for Eastern Europe, […]
Economic “front”: Ukraine seeks to rebuild economy with defiant small businesses
ANDREA SHALAL, of Reuters, reports on the role small businesses are playing in supporting the conflict-torn country’s economy…
Sudan’s exodus: Young head north to Egypt seeking a brighter future
KHALID ABDELAZIZ and NAFISA ELTAHIR, of Reuters, report on the rising number of young people who are leaving Sudan in hope of better opportunities…
Meltdown averted but six months on, Russians face economic pain
Moscow, RussiaReuters Russia’s economy has avoided the meltdown many predicted after Moscow sent its forces into Ukraine six months ago, with higher prices for its oil exports cushioning the impact of Western sanctions, but hardships are emerging for some Russians. After predicting at one point that the economy would shrink more than 12 per cent this […]
Kenya’s Ruto says no time to waste after election as rival prepares court challenge
Nairobi, Kenya Reuters Kenya’s President-elect William Ruto said on Wednesday there was no time to waste in tackling an economic crisis, as defeated rival Raila Odinga prepared a legal challenge to overturn his loss in 9th August election. Ruto was declared President-elect on Monday by Kenya’s election commission chairman after a closely fought race to lead East […]
Honduras launches ‘Bitcoin Valley’ in the tourist town of Santa Lucia
Reuters People can pay for a slushie with crypto in the streets of “Bitcoin Valley,” a project in the Honduran tourist enclave of Santa Lucia through which the country has entered the digital currency trend. The small town in the mountains, 20 minutes from the capital Tegucigalpa, has become a bitcoin city. A man checks […]