economic crisis
- India
Dry spell hits tourism, agriculture, power generation in Kashmir
By Suhail Khan Srinagar: Jammu and Kashmir, renowned for its enchanting winter vistas, faces an unprecedented challenge this winter as the region experienced an unusual dearth of snowfall. This not only jeopardised…
- News
Chinese exports dip 4.6 pc after seven years amid economic crisis
Beijing: Amid the economic crisis, Chinese exports saw a downfall for the first time since 2016 after global demand for Chinese-made goods slowed in 2023, CNN reported citing the Customs data released…
- Pakistan
Pakistan’s current economic model is not working: World Bank
Islamabad: Pakistan’s current economic model is not working, a top World Bank official has said, underscoring that the cash-strapped nation must change policies that have plagued development and benefitted only a few.…
- India
Move to extend free ration scheme indicates economic crisis: Cong
New Delhi: The Congress on Sunday said the government’s decision to extend the free ration scheme for another five years is an indication of the continuing high level of economic distress and growing…
- Middle East
Lebanon’s state TV Tele Liban temporarily shuts down
Beirut: Lebanon’s Information Minister Ziad Makari announced the temporary closure of the country’s sole national TV Channel, Tele Liban, due to the government’s inability to pay the employee’s salaries. The closure came…
- World
India commits to support Sri Lanka amid financial crisis
Colombo: India has reiterated its willingness to play “a constructive role” in supporting Sri Lanka’s efforts for recovery from the worst economic crisis. Addressing the inauguration ceremony of the Construction, Power and…
- World
Sri Lanka’s economy shrinks 11.5 per cent in first quarter 2023
Colombo: Sri Lanka’s economy shrank 11.5 per cent in the first quarter of 2023 from the previous year, government data showed on Thursday, even as the cash-strapped island nation struggles to overcome…
- Business
India to extend Sri Lanka’s 1 bn dollar credit line by a year
Colombo: India on Tuesday extended its under-utilised USD 1 billion credit line to Sri Lanka for another year to help the island nation hit hard by an unprecedented economic crisis procure much-needed…
- World
Sri Lankan President Wickremesinghe keen to end ethnic conflict by year-end
Colombo: Sri Lankan President Ranil Wickremesinghe on Monday said he is keen on settling the ethnic conflict with the minority Tamil community by the end of this year as he emphasised that the…
- World
Sri Lanka’s inflation drops further to 50.3% amid economic crisis
Colombo: Sri Lanka’s inflation decreased to 50.3 per cent in March from 50.6 per cent the previous month amid the ongoing economic crisis, official statistics revealed. The year-on-year inflation of the food…
- World
Liz Truss pledges to get country through stormy days
London: British Prime Minister Liz Truss on Wednesday promised to get the country through “stormy days”, as she launched a blistering attack on the “anti-growth coalition” trying to hold back her pro-growth…
- Middle East
Lebanon: Banks reopen after people protest armed with guns
Beirut: Lebanese banks reopened on Monday, after being closed for the past week, due to escalating security concerns after a series of incidents involved people seeking to access their savings by entering…
- Middle East
Lebanon banks to close for 3 days over security concerns
Beirut: Lebanese banks will close for three days starting from Monday amid mounting security concerns, local media reported. The Association of Banks in Lebanon announced the closure after angry depositors across the…
- Pakistan
Floods and economic crisis: A saga of Pakistan’s insensitivity
Islamabad: The worst floods in several decades have wrecked havoc in Pakistan, one of the most populous countries of South Asia. The floods have touched the countrys 220 million peoples lives directly…
- Middle East
Lebanon on brink of becoming failed state amid economic, social fiasco
Beirut: Lebanon is facing a full economic meltdown and is virtually on a precipice economically, politically and socially. Although it cannot yet be described as a failed state, it is on the…