economic-crisis
Top StoriesBritain’s Bleak Outlook Sets Sterling to Downward Spiral
Top StoriesUkraine War, Energy Crisis Send German Business Sentiment to Lowest Level Since June 2020
Top StoriesGerman Recession Increasingly Likely, Bundesbank Says
Top StoriesUK Economy Contracts 0.6% in June and 0.1% in Q2
How Can Digital Transformation Help Businesses to Stay One Step Ahead?’
Date: August 8, 2022
By Ariel Quick, Partner and Head of Northeast US at Chaucer | BIP Group From Brexit, to a pandemic, to a possible recession on the horizon, there is rising pressure on companies to be able to stay competitive and maintain their business growth in an increasingly disruptive environment. But how can they do that? The...
Exclusive-US and Taliban Make Progress on Afghan Reserves, but Big Gaps Remain
Date: July 26, 2022
By Charlotte Greenfield and Jonathan Landay KABUL/WASHINGTON (Reuters) – U.S. and Taliban officials have exchanged proposals for the release of billions of dollars from Afghan central bank reserves held abroad into a trust fund, three sources familiar with the talks said, offering a hint of progress in efforts to ease Afghanistan’s economic crisis. Significant differences...
Germany on Cusp of Recession, Says Ifo, as Business Sentiment Sinks
Date: July 25, 2022
BERLIN (Reuters) – German business morale fell more than expected in July, the Ifo business sentiment survey showed on Monday, as the institute that compiles it said high energy prices and looming gas shortages had left Europe’s largest economy on the cusp of recession. The Ifo institute’s closely watched business climate index dropped to 88.6,...
Sri Lanka Says IMF Talks Near End After Declaring State of Emergency
Date: July 18, 2022
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s acting President Ranil Wickremesinghe said on Monday that the country had almost concluded negotiations with the International Monetary Fund (IMF), a day after he declared a state of emergency in the island nation. “The acting president further explained that negotiations with the International Monetary Fund (IMF) were nearing...
Sri Lanka’s Rajapaksa Ousted, Ally Nominated as Successor
Date: July 15, 2022
By Uditha Jayasinghe, Alasdair Pal and Devjyot Ghoshal COLOMBO (Reuters) -Sri Lanka’s parliament accepted the resignation of President Gotabaya Rajapaksa on Friday after he fled the country, paving the way for lawmakers to start repairing the island’s shattered politics and resume efforts to ease its economic crisis. After suffering from crippling shortages of petrol and...
Lloyds Offers Extra Support to 2 Million Customers as Cost Rises Hit Hard
Date: July 14, 2022
By Iain Withers and Sinead Cruise LONDON (Reuters) – Britain’s biggest domestic lender Lloyds Banking Group contacted 2 million of its 26 million customers in May after identifying they could need extra support to cope with soaring food and energy prices and rising debt costs. The UK’s largest mortgage provider outlined options including debt consolidation,...