Photo by Pixabay on Pexels.com Rising inflation and looming recessions are squeezing household finances, but businesses also worry about an economic downturn. This is not just because of higher bills, but also because consumers spend less and finance from banks and investors dries up when the economy worsens. Even strong industries such as technology feel … Continue reading How tech giants are combating inflation
The island nation of Sri Lanka is in the midst of one of the worst economic crises it's ever seen. Sri Lanka has just defaulted on its foreign debts for the first time since its independence, and the country's 22 million people are facing crippling 12-hour power cuts, and an extreme scarcity of food, fuel and other essential … Continue reading What caused the economic crisis in Sri Lanka?
Government data released on Friday shows Hong Kong is now officially in recession. For the first time in 10 years, the economy of the dynamic independent province of China, is retreating. Plagued by violent protests and a searing trade war between China and the United States, Hong Kong has put in its worst quarter in … Continue reading Hong Kong economy worst since the global financial crisis
Venezuela's National Guard fired tear gas at protesters clearing a barricaded border bridge between Venezuela and Colombia on Saturday, heightening tensions over blocked humanitarian aid that opposition leader Juan Guaido has vowed to bring into the country despite objections from President Nicolas Maduro. Throughout the turbulent day, as police and protesters squared off two bridges connecting Venezuela to Colombia, Guaido made … Continue reading Any hope for Venezuela?
A top Russian security official on Tuesday accused the United States of deploying forces in Puerto Rico and Colombia in preparation for a military intervention in Venezuela to topple President Nicolas Maduro. Venezuela has been in a political crisis since opposition leader Juan Guaido declared himself as the interim president of the country in January. … Continue reading Is military intervention the best option for Venezuela?
On Saturday, trucks laden with US food and medicine on the Colombian border repeatedly attempted to push past lines of troops but were met with tear gas and rubber bullets. Two of the aid trucks went up in flames, which the opposition blamed on security forces and the government on "drugged-up protesters". The Brazilian border … Continue reading Venezuela crisis in pictures (25.02.2019)