economic-crisis
Top StoriesSnap Says Economy Deteriorated Fast, Slashes Forecast, Stock Plummets
Top StoriesLong Fuel Queues Persist in Sri Lanka Despite Scramble to Deliver Supplies
Top StoriesMorgan Stanley Sees Ukraine GDP Slump by 60% in 2022 if “no Clear Resolution”
Top StoriesExplainer-Sri Lanka’s Reluctance to Tap IMF Helped Push It Into an Economic Abyss
Poverty, Education Levels Draw Battle Lines in French Election
Date: April 12, 2022
By Leigh Thomas PARIS (Reuters) – As French President Emmanuel Macron and Marine Le Pen head into a presidential run-off on April 24 promising to tackle high inflation, an analysis of first-round voting data shows the far-right challenger with an edge in low-income areas hardest hit by soaring costs. Sensing people’s frustration in the face...
FEATURE-Nigeria’s Women Shopkeepers Forced to Scale Back as Prices Soar
Date: April 12, 2022
• Food, fuel inflation pushes up shopping bills • Small business owners forced to cut costs as sales fall • Some take out loans in bid to stay afloat By Pelumi Salako ILORIN, Nigeria, April 12 (Thomson Reuters Foundation) – The freezers at Mama Tee’s frozen food shop used to be brimming with chicken, turkey...
N.Korea Celebrates 10 Years of Kim Jong Un as Top Party Leader
Date: April 11, 2022
By Josh Smith SEOUL (Reuters) – North Korea praised Kim Jong Un’s leadership in developing nuclear weapons, touted his political achievements, and unveiled new portraits and exhibitions to celebrate his 10 years in charge of the ruling Workers’ Party of Korea (WPK). Kim is considered to have assumed power when he was named supreme commander...
Russian Auto Boomtown Grinds to Halt Over Ukraine Sanctions
Date: April 5, 2022
(Reuters) -Thousands of auto workers have been furloughed and food prices are soaring as Western sanctions pummel the small Russian city of Kaluga and its flagship foreign carmakers, with more sanctions likely to come. The Kaluga region, 190 kilometres (120 miles) southwest of Moscow, says it has attracted more than 1.3 trillion roubles ($15 billion)...
Analysis-Russia-Ukraine Fallout Starts Felling Fragile ‘frontier’ Economies
Date: April 4, 2022
By Rachel Savage and Marc Jones LONDON (Reuters) – The fallout of the Russia and Ukraine war has just helped tip two of world’s poorest countries into full-blown crises, and the list of those at risk – and the queue at the International Monetary Fund’s door – will only get longer from here. They may...
Russia Warns It May Be Forced to Pay Fx Debt in Roubles Due to Sanctions
Date: March 14, 2022
(Reuters) -Russia’s finance ministry said on Monday it had approved a temporary procedure for repaying foreign currency debt, but warned that payments would be made in roubles if sanctions prevent banks from honouring debts in the currency of issue. Western sanctions over events in Ukraine have cut Russia off from key parts of global financial...