Financial Crisis

UNICEF: Syria's war has killed and wounded 12,000 children
Mar 10, 2021

UNICEF: Syria's war has killed and wounded 12,000 children

The U.N. children’s agency says Syria’s 10-year-long civil war has killed or wounded about 12,000 children and left millions out of school in what could have repercussions for years to come in the country


GE, AerCap join air leasing businesses in $30 billion deal
Mar 10, 2021

GE, AerCap join air leasing businesses in $30 billion deal

General Electric is combing its aircraft leasing business with Ireland’s AerCap Holdings in a deal valued at more than $30 billion, a big step in what has become a six year endeavor to reshape the one-time global conglomerate


AP-NORC poll: Many in US still face COVID-19 financial loss
Mar 9, 2021

AP-NORC poll: Many in US still face COVID-19 financial loss

Roughly 4 in 10 Americans say they’re still feeling the financial impact of the loss of a job or income within their household as the economic recovery remains uneven one year into the coronavirus pandemic


Mar 9, 2021

Puerto Rico debt-restructuring plan filed amid criticism

A framework that outlines how Puerto Rico will restructure at least $35 billion in public debt and more than $50 billion in public pension liabilities threatens a 10% cut to public pensions if no agreement is reached with retirees


US lets Venezuelans stay temporarily, will review sanctions
Mar 9, 2021

US lets Venezuelans stay temporarily, will review sanctions

The Biden administration is offering temporary legal residency to several hundred thousand Venezuelans who fled their country's economic collapse and will review the U.S. sanctions aimed at isolating the South American nation


Biden, Dems prevail as Senate OKs $1.9T virus relief bill
Mar 6, 2021

Biden, Dems prevail as Senate OKs $1.9T virus relief bill

An exhausted Senate has narrowly approved a $1.9 trillion COVID-19 relief bill


Mar 4, 2021

South Korea economy shrank in 2020 for 1st time in 22 years

South Korea’s economy shrank for the first time in 22 years in 2020 as the coronavirus pandemic destroyed service industry jobs and depressed consumer spending


Hong Kong to spend $15.4B to stabilize virus-ravaged economy
Feb 24, 2021

Hong Kong to spend $15.4B to stabilize virus-ravaged economy

Hong Kong will introduce pandemic relief measures worth $15.4 billion to help businesses and residents as the city anticipates economic growth later this year


Sudan floats currency, part of measures to overhaul economy
Feb 21, 2021

Sudan floats currency, part of measures to overhaul economy

Sudan has taken the unprecedented but expected step of floating its currency


Lebanon administers 1st vaccines to health workers, elderly
Feb 14, 2021

Lebanon administers 1st vaccines to health workers, elderly

Lebanon has administered its first jabs of COVID-19 vaccine, with an intensive care unit physician and a well-known 93-year-old comedian becoming the first to receive Pfizer-BioNTech doses



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.