Financial Crisis

Dec 3, 2021

Chinese developer warns it may may run out of money

A troubled Chinese developer struggling under $310 billion in debt has warned it may run out of money to “perform its financial obligations."


Lebanon minister to resign in bid to ease crisis with Saudis
Dec 3, 2021

Lebanon minister to resign in bid to ease crisis with Saudis

Lebanon’s information minister says he will announce his resignation in a bid to ease an unprecedented diplomatic crisis with Saudi Arabia and other Gulf countries


Kuwait's exiled opposition returns home after royal pardon
Nov 30, 2021

Kuwait's exiled opposition returns home after royal pardon

Several prominent Kuwaiti opposition figures have returned home from a decade of self-exile after getting amnesty from the ruling emir


Asia shares slip as investors weigh omicron economic risks
Nov 30, 2021

Asia shares slip as investors weigh omicron economic risks

Asian shares have fallen, with South Korea's benchmark down 2.4%, as investors cautiously weigh how much damage the new omicron coronavirus variant may unleash on the global economy


Women step up, fill the gaps in Burkina Faso's virus fight
Nov 25, 2021

Women step up, fill the gaps in Burkina Faso's virus fight

In the West African country of Burkina Faso, many feel the government has let them down during the pandemic


Nov 20, 2021

Lebanese navy rescues distressed boat carrying migrants

Lebanon says its navy has rescued a boat carrying migrants that had left the country heading west across the Mediterranean, but broke down off the coast


Bulgarians hold 3rd election this year as infections surge
Nov 14, 2021

Bulgarians hold 3rd election this year as infections surge

Bulgarians are voting to elect a new parliament and a new president amid a surge of coronavirus infections that has come amid the country's political deadlock


US pledges to strengthen Haiti police amid fuel, gang crisis
Nov 9, 2021

US pledges to strengthen Haiti police amid fuel, gang crisis

The U.S. government has pledged to strengthen Haiti’s National Police as the country struggles with a spike in gang-related violence and a severe shortage of fuel that has deepened an economic crisis


GE to end its run as a conglomerate, split into 3 companies
Nov 9, 2021

GE to end its run as a conglomerate, split into 3 companies

General Electric will divide itself into three public companies focused on aviation, health care and energy


Storied General Electric to split into 3 public companies
Nov 9, 2021

Storied General Electric to split into 3 public companies

General Electric is splitting itself into three public companies that concentrate on aviation, healthcare and energy



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.