Financial Crisis

Death toll from Afghanistan's quake rises to 1,150 people
Jun 24, 2022

Death toll from Afghanistan's quake rises to 1,150 people

The death toll from a devastating earthquake in Afghanistan continued to climb days after it turned brick and stone homes into rubble


A world apart, Lebanon and Sri Lanka share economic collapse
Jun 24, 2022

A world apart, Lebanon and Sri Lanka share economic collapse

A shared history of political turmoil and violence in two countries a world apart, Lebanon and Sri Lanka, led to the collapse of once-prosperous economies that have been bedeviled by corruption, patronage, nepotism and incompetence


UN officials: Afghan quake adds to emergencies in country
Jun 23, 2022

UN officials: Afghan quake adds to emergencies in country

Senior UN officials say the earthquake in Afghanistan has added another emergency facing the country, which is also confronting its worst drought in 30 years and massive poverty


Powell: Fed aims to avoid recession but says it's possible
Jun 22, 2022

Powell: Fed aims to avoid recession but says it's possible

Federal Reserve Chair Jerome Powell sought to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recession


Sri Lanka's crisis cripples once burgeoning middle class
Jun 22, 2022

Sri Lanka's crisis cripples once burgeoning middle class

Sri Lanka’s economic crisis, the worst in its history, has completely recast the lives of the country’s once galloping middle class


Saudi crown prince visits Turkey as countries normalize ties
Jun 22, 2022

Saudi crown prince visits Turkey as countries normalize ties

Saudi Crown Prince Mohammed bin Salman is set to make his first visit to Turkey as the two regional heavyweights press ahead with efforts to repair ties following the slaying of Saudi columnist Jamal Khashoggi in Istanbul


Crypto investors' hot streak ends as harsh 'winter' descends
Jun 20, 2022

Crypto investors' hot streak ends as harsh 'winter' descends

The wealth-generating hot streak for bitcoin and other cryptocurrencies has turned brutally cold


Foreigners pay more for gas in Hungary. It risks an EU fight
Jun 17, 2022

Foreigners pay more for gas in Hungary. It risks an EU fight

Hungary has placed price caps on fuel and some food and imposed special taxes on industries as the governments tries to ease an economic downturn and the highest inflation in nearly 25 years


Amid Ukraine's war, a farmer takes comfort in her snails
Jun 17, 2022

Amid Ukraine's war, a farmer takes comfort in her snails

The wartime disruption to supplies of grain and other crops from Ukraine that feed the world has captured global attention and sent food prices soaring


European Central Bank vows backstop against market turmoil
Jun 15, 2022

European Central Bank vows backstop against market turmoil

The European Central Bank has vowed to come up with a new, unspecified market backstop that could be used to buffer some countries against bond market turmoil similar to what shook the 19-country eurozone during a debt crisis more than a decade ago



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.