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Tag: economic

G7 leaders inflict more economic pain on Russia over Ukraine | Counting the Cost

Germany’s chancellor has promised to keep the cost of running Russia’s war in Ukraine high for President Putin. At a meeting of the Group of Seven (G7) rich democracies this week, leaders discussed imposing price caps on Russian crude, a move critics say is “ambitious”. Some of the topics discussed were the war in Ukraine, rising energy prices, food security, investment, and technology. Multibillion-dollar pledges…

Record rainfall in southern China affects 3.75 million people, causes severe economic losses

Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube Southern China continues to be hit by record rainfall, affecting 3.75 million people in Guangxi province alone, one of the worst-hit areas. The downpour and rain-induced disasters, such as floods, have engulfed homes, crops and roads, causing direct economic losses of more than 12.48 billion yuan (US$1.86 billion). Summer floods are a common phenomenon in parts…

Sri Lankans demand president resigns amid nation’s worst economic crisis in 70 years

Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube Protests continue in Sri Lanka with many demanding the resignation of President Gotabaya Rajapaksa amid a deepening economic crisis that has seen inflation reach an all-time high. The nationwide inflation rate was 45.3 per cent in May 2022 according to the most recent data, as Sri Lanka struggles with its worst economic situation since its independence…

Ukraine's president pleads to World Economic Forum for help

The conflict in Ukraine dominated day one of the World Economic Forum in Davos. Ukrainian President Volodymyr Zelenskyy addressed the world’s richest and most powerful individuals via videolink, and appealed for billions more in financial help. Al Jazeera’s James Bays reports from Davos. – Follow us on Twitter: https://twitter.com/AJEnglish/ – Find us on Facebook: https://www.facebook.com/aljazeera/ – Check our website: https://www.aljazeera.com/ #Ukraine #Russia

🇱🇰 How can Sri Lanka overcome its economic emergency? | The Stream

Protesters are continuing to call for the resignation of Sri Lanka’s government, as prices of food of fuel escalate amid a deepening debt crisis. Rallies against the government of President Gotabaya Rajapaksa escalated on April 19, after police in the central town of Rambukkana shot dead a man amid protests over fuel prices. Authorities have pledged an inquiry into the killing, the first fatality in…

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