Financial Crisis

Emaciated children in Kabul hospital point to rising hunger
Nov 8, 2021

Emaciated children in Kabul hospital point to rising hunger

A growing number of near-starving children are brought every day to the main children's hospital in the Afghan capital, Kabul


Indonesia seizes land owned by Suharto son’s company
Nov 5, 2021

Indonesia seizes land owned by Suharto son’s company

Indonesian authorities have seized four plots of land owned by the youngest son of former dictator Suharto as part of efforts to recover money owed the government since the 1997-1998 Asian financial crisis


EXPLAINER: Why Saudi Arabia is upset, lashing out at Lebanon
Nov 2, 2021

EXPLAINER: Why Saudi Arabia is upset, lashing out at Lebanon

A televised remark by a game show host-turned Cabinet minister in Lebanon about the war in Yemen has taken Lebanon's crisis with Saudi Arabia to new depths


Ex-South Korean President Roh Tae-woo dies at 88
Oct 26, 2021

Ex-South Korean President Roh Tae-woo dies at 88

A Seoul hospital says former South Korean President Roh Tae-woo has died


Oct 25, 2021

Supply chain woes throw sand in the gears of German economy

A closely watched survey of German business optimism has sagged for the fourth month in a row


Report: Struggling Chinese developer makes bond payment
Oct 22, 2021

Report: Struggling Chinese developer makes bond payment

An official Chinese newspaper says a troubled developer whose struggle to avoid a multibillion-dollar debt default is rattling global financial markets has wired $83.5 million to make an overdue payment to foreign bondholders


US regulators endorse efforts to address climate risks
Oct 21, 2021

US regulators endorse efforts to address climate risks

U.S. financial regulators are acknowledging climate change to be a serious threat to the stability of the nation’s financial system


Former Greek PM Papandreou seeks political comeback
Oct 21, 2021

Former Greek PM Papandreou seeks political comeback

Former Greek Prime Minister George Papandreou says he will seek the leadership of the once-powerful Socialist party founded by his father, in an effort to revive its popularity that plummeted during a recent financial crisis


Fuel price hike worsens Lebanon's tough living conditions
Oct 20, 2021

Fuel price hike worsens Lebanon's tough living conditions

Lebanon’s state news agency reports the government has raised the price of fuel by about 25%


IMF sees economic growth with higher inflation for Mideast
Oct 19, 2021

IMF sees economic growth with higher inflation for Mideast

The International Monetary Fund says the Middle East is expected to see significant economic growth this year of around 4% after the turmoil wrought by the coronavirus pandemic



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.