Crisis
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European economy in crossfire as US-China economic rivalry intensifies

The IRA has sent chills down the spines of European leaders, who fear the generous support will encourage firms to shift production to the United States.

published on : 4th February 2023
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Adani crisis: Banking sector resilient and stable, says RBI 

Stocks of Adani Group firms have taken a massive beating on the bourses after US-based short-seller Hindenburg Research made a litany of allegations in a report.

published on : 3rd February 2023
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China confirms offer to Sri Lanka of debt moratorium

China is Sri Lanka's third-biggest creditor after Japan and the Asian Development Bank, accounting for about 10% of its debt.

published on : 3rd February 2023
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Pakistan 'will have to agree' to IMF conditions for bailout: PM

Pakistan's economy is in dire straits, stricken by a balance of payments crisis as it attempts to service high levels of external debt, amid political chaos and a deteriorating security situation.

published on : 3rd February 2023
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Pakistan economic crisis: Oppn may create hurdles in govt's decisions, says IMF

Cash-strapped Pakistan and the IMF are currently in talks for the completion of a programme review for a bailout package.

published on : 1st February 2023
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Europe scrapes out economic growth by dodging gas disaster  

Fears of lagging economic growth have not deterred the ECB from its series of interest rate increases, which are raising the cost of borrowing for businesses and consumers. 

published on : 31st January 2023
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Is there hope for a dying river in Kenya's growing capital?

Nairobi is one of Africa's fastest-growing cities and is struggling to balance the needs of creating jobs and protecting the environment from pollution.

published on : 30th January 2023
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Will Europe's ban on Russian diesel hike global fuel prices?

The goal is to stop feeding Russia's war chest, but it's not so simple. Diesel prices have already jumped since the war started on Feb. 24, and they could rise again.

published on : 30th January 2023
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Lots of sound and fury on US debt, but not a crisis - yet

The debt challenge will keep unfolding over time, meaning that choices may become more severe as the costs of Social Security, Medicare and Medicaid increasingly outstrip tax revenues.

published on : 28th January 2023
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Supporting grassroots entrepreneurs is essential to revitalising Sri Lankan economy

The government should think of making macro-level interventions and adopt robust policy measures that it has never tried before.

published on : 26th January 2023
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Cash-strapped Pakistan's rupee plunges amid talks with IMF

Pakistan is seeking a crucial instalment of $1.1 billion from the fund — part of its $6 billion bailout package — to avoid default.

published on : 26th January 2023
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Acute drinking water crisis in Pakistan's Balochistan province

Earlier, Jiye Sindh Quami Mahaz took out protest rallies against water shortage in the Sindh province, alleging that Punjab province was conspiring to dry up Indus.

published on : 24th January 2023
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Power returns to cities in Pakistan day after massive outage

However, some rural areas were still waiting to be reconnected. The country’s power system is a complex and delicate web, where problems can quickly cascade.

published on : 24th January 2023
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Treasury Secretary Yellen warns of 'global financial crisis' if US defaults on debt

Yellen noted that the actual day on which the Treasury would no longer be able to use these measures is "quite uncertain," and could come as early as June.

published on : 21st January 2023
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India to encourage greater investments in Sri Lanka's economy: EAM Jaishankar

India has extended about USD 4 billion in terms of credits and rollovers to help Sri Lanka get through an economic crisis.

published on : 20th January 2023
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EAM Jaishankar holds talks with Sri Lankan counterpart, calls on President Wickremesinghe

Jaishankar, who arrived here from the Maldives on the second leg of his two-nation tour, met Sabry and discussed issues of mutual and regional interests, sources said.

published on : 20th January 2023
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Tensions rise as thousands of protesters expected in Peru capital

The South American country has been rocked by more than a month of protests, mostly in the southern and eastern areas, since the ouster and arrest of ex-President Pedro Castillo.

published on : 19th January 2023
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Can green politics take centrestage in India?

A review of Constitutions across the globe reveals that countries whose constitutions enshrine an environmental commitment show a resilient approach towards fighting the climate crisis.

published on : 17th January 2023
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China's population sees record low birth rate for first time in over 60 years

China ended its strict "one-child policy" -- imposed in the 1980s owing to fears of overpopulation -- in 2016 and began allowing couples to have three children in 2021.

published on : 17th January 2023
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SC refuses to hear Joshimath plea, says Uttarakhand HC should handle crisis

“If the HC has proceeded, then we will have to give reins to HC. If HC is seized of broad range of issues, we’ll give liberty to HC.

published on : 17th January 2023
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