economic crisis

3 Reasons Behind Cuba’s Widespread Power Grid Failure Amid Deepening Crisis

21 Oct 2024

Cuba’s national electrical grid collapsed for the fourth time in 48 hours on Sunday, plunging the island’s 10 million residents into darkness. The power outages come as Cuba grapples with severe shortages of medicine, food, and fuel, compounding the crisis. The first grid failure occurred on Friday when the country’s...

Mexico First Female President: Claudia Sheinbaum Sworn In Amid Challenges

02 Oct 2024

Claudia Sheinbaum made history on Tuesday by becoming Mexico’s first female president. She inherits a country facing significant challenges, including economic issues, escalating violence, and political division. As she took the oath of office in Congress, legislators enthusiastically chanted "Presidenta! Presidenta!" marking a pivotal moment in Mexico's 200-year history. ...

Argentina Poverty Rate Hits Hard At 53% During First Half Of Javier Milei Presidency

28 Sep 2024

Argentina’s poverty rate has surged to nearly 53% in the first half of Javier Milei’s presidency, highlighting the immediate effects of his stringent austerity policies. The government’s statistics agency reported that this is the highest poverty level in two decades, affecting 3.4 million Argentinians since his administration began. Milei, a...

Pakistan Set for 24th IMF Bailout Amid Economic Crisis

25 Sep 2024

Pakistan is on track to receive its 24th financial rescue since 1958, with the International Monetary Fund (IMF) expected to approve a new bailout. The IMF board is scheduled to meet on Wednesday to discuss the aid package, which is anticipated to be around $7 billion. Optimism from Pakistan's Finance...

Pakistan Crisis: Social Media Shows Nation Decline Amidst Economic And Political Instability

22 Aug 2024

Pakistan is grappling with severe economic, political, and security issues, as soaring inflation and political discord fuel public discontent. The crisis intensified following the 2022 ousting of Prime Minister Imran Khan, leading to diminished foreign reserves and increased reliance on IMF bailouts, further straining the economy. کوئی نہیں ,کوئی نہیں,...

Mali Grapple With Economic Hardship And Power Cuts Four Years After Military Coup

18 Aug 2024

Four years after the military ousted Mali’s then-president and took control, many residents report worsening economic conditions and frequent power outages that are severely impacting businesses. The August 2020 coup, which toppled the government of the West African nation, was fueled by widespread public dissatisfaction with corrupt leaders backed by...

Pakistan’s Internet Clampdown: Censorship Hits Economy And Freedom

18 Aug 2024

Pakistan’s government is facing criticism for its recent internet throttling measures, as activists and business leaders claim that the state is using these restrictions to suppress dissent. Since July, internet speeds across the country have plummeted by up to 40 percent, and popular messaging app WhatsApp has experienced disruptions affecting...

Pakistan PM Plans To Unveils Five-Year Economic Plan Amid Crisis

14 Aug 2024

On Wednesday, Prime Minister Shehbaz Sharif announced plans to introduce a comprehensive five-year economic program aimed at alleviating Pakistan's economic crisis. Speaking on the 78th Independence Day, Sharif emphasized the need for a fresh start with renewed vigor to address the nation’s current challenges. He urged Pakistanis to reflect on past...

Tornadoes Became A Billion-Dollar Threat To US Economy

16 Jul 2024

Joplin Tornado: A Costly Wake-Up Call On May 22, 2011, a beautiful day in Joplin, Missouri, turned tragic as a massive EF5 tornado descended upon the city, leaving behind almost $3 billion in damage. Troy Bolander and Ann Leach, among other residents, sought shelter as the tornado wreaked havoc. The...

Iran Presidential Elections: Iran Prepares For Run-Off Election Amidst Disillusionment And Economic Strain

03 Jul 2024

Iran is preparing for a run-off Presidential election, only its second since the 1979 Islamic Revolution, following a first-round voter turnout of just 39.9%. This low turnout, criticized by Supreme Leader Ayatollah Ali Khamenei over two decades ago, shows that many Iranians are disillusioned with their political system. The upcoming...

1 2 »

Advertisement · Scroll to continue