Financial Crisis

Lebanon aims to adopt long-delayed IMF reforms in October
Sep 20, 2022

Lebanon aims to adopt long-delayed IMF reforms in October

Lebanon's caretaker economy minister says the crisis-hit country hopes to adopt key but long-delayed reforms demanded by the International Monetary Fund for an economic bailout before the end of next month if there is “political will.”


UN: Exclusion of Afghan girls from high schools 'shameful'
Sep 18, 2022

UN: Exclusion of Afghan girls from high schools 'shameful'

The United Nations is calling on Afghanistan’s Taliban rulers to reopen schools to girls in grades 7 through12, calling the anniversary of their exclusion from high school “shameful.”


Sep 17, 2022

Talks to restructure Puerto Rico power company debt fail

Mediation talks to restructure more than $9 billion in debt held by Puerto Rico’s power company have failed, raising concerns about the future of the bankrupt government agency


Depositors storm 5 banks as Lebanon's cash crisis worsens
Sep 16, 2022

Depositors storm 5 banks as Lebanon's cash crisis worsens

Lebanese depositors have stormed at least five banks to demand their trapped savings, signaling growing chaos amid the country's economic meltdown


Sep 8, 2022

Explosive detonates at Hezbollah-backed minister's home

A bomb has detonated outside of a Hezbollah-backed Lebanese minister's home in the eastern Bekaa valley


Thousands line up to say farewell to Gorbachev; Putin absent
Sep 3, 2022

Thousands line up to say farewell to Gorbachev; Putin absent

Thousands of mourners lined up to pay tribute to former Soviet leader Mikhail Gorbachev, who launched drastic reforms that helped end the Cold War and precipitated the breakup of the Soviet Union, in a farewell snubbed by Russian President Vladimir Putin


Sri Lanka's ousted president returns home after fleeing
Sep 3, 2022

Sri Lanka's ousted president returns home after fleeing

Sri Lanka’s former President Gotabaya Rajapaksa has returned to the country after he fled in July after tens of thousands of protesters stormed his home and office in a display of anger over the country’s economic crisis


IMF agrees to provide crisis-hit Sri Lanka $2.9 billion
Sep 1, 2022

IMF agrees to provide crisis-hit Sri Lanka $2.9 billion

The International Monetary Fund says it has reached a preliminary agreement to provide $2.9 billion over four years to help crisis-hit Sri Lanka


Aug 30, 2022

UN warns 6 million Afghans at risk of famine as crises grow

The U.N. humanitarian chief is warning that Afghanistan faces deepening poverty with 6 million people at risk of famine


Greece rid of budget watch but inflation, energy woes bite
Aug 20, 2022

Greece rid of budget watch but inflation, energy woes bite

Greece's close financial oversight by European Union creditors is ending



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.