Financial Crisis

Gas pipeline shutdown starts amid German suspicion of Russia
Jul 11, 2022

Gas pipeline shutdown starts amid German suspicion of Russia

A major gas pipeline from Russia to Germany is shutting down for annual maintenance amid German concern that Russia may not resume the flow of gas as scheduled


Sri Lanka's central bank raises key rates to curb inflation
Jul 7, 2022

Sri Lanka's central bank raises key rates to curb inflation

Sri Lanka’s Central Bank has raised its key interest rates to 14.50% and 15.50% to try to contain inflation that has added to the country's economic woes


Jul 1, 2022

Tunisian president seeks more powers in new constitution

Tunisian President Kais Saied has unveiled a new draft constitution that would bestow broad powers to the president and limit the powers of the prime minister and parliament


Gas lines and scuffles: Sri Lanka faces humanitarian crisis
Jun 29, 2022

Gas lines and scuffles: Sri Lanka faces humanitarian crisis

Sri Lanka’s economy, which a few years ago enjoyed strong growth that provided jobs and financial security, is now in a state of collapse, dependent on aid from India and other countries as its leaders desperately try to negotiate a bailout with the International Monetary Fund


Death toll of children in Afghanistan quake rises to 155
Jun 27, 2022

Death toll of children in Afghanistan quake rises to 155

The United Nations says that the death toll of children in last week’s devastating earthquake in southeastern Afghanistan has risen to 155 as the scope of the deadliest quake to hit the impoverished country in two decades comes into focus


Sri Lanka sends 2 ministers to Russia for oil amid crisis
Jun 27, 2022

Sri Lanka sends 2 ministers to Russia for oil amid crisis

Sri Lanka is sending two ministers to Russia to negotiate for fuel, a necessity that the Indian ocean island nation has almost run out of amid its ongoing economic crisis


Senior US officials visit Sri Lanka to help resolve crisis
Jun 27, 2022

Senior US officials visit Sri Lanka to help resolve crisis

Senior U.S. officials are in Sri Lanka seeking ways to help the island nation cope with an unprecedented economic crisis and severe shortages of essential supplies


Live updates | G-7 nations seek to counter Chinese influence
Jun 26, 2022

Live updates | G-7 nations seek to counter Chinese influence

The Group of Seven leading democratic economies has formally launched at its annual summit a global infrastructure and investment partnership aimed at pushing back China’s influence in the developing world


Inflation sparks global wave of protests for higher pay, aid
Jun 25, 2022

Inflation sparks global wave of protests for higher pay, aid

As food costs and fuel bills soar, inflation is plundering people’s wallets, sparking a wave of protests and workers’ strikes around the world


EU leaders tackle inflation, energy shocks from Russia's war
Jun 24, 2022

EU leaders tackle inflation, energy shocks from Russia's war

European Union leaders are discussing their response to the severe economic turbulence looming over the coming months as the full impact of Russia’s war sinks in and the threat of recession rises



The Budget Report

Delivers the latest news of various finance and economic status in the ever-changing world economy to make sure everyone is up-to-date with the current trends.