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Results for

Economic crisis

33 Results
  • Lebanon daycare abuse is just tip of the iceberg: UNICEF representative

    Lebanon daycare abuse is just tip of the iceberg: UNICEF representative

    The alleged abuse of toddlers at a daycare in crisis-stricken Lebanon has sparked alarm over the physical and emotional wellbeing of children in the ...
    Middle East
  • Sri Lanka cuts interest rates after debt restructure 

    Sri Lanka cuts interest rates after debt restructure 

    Cash-strapped Sri Lanka cut interest rates on Thursday, a week after announcing a major debt restructuring in line with an IMF bailout following an ...
    World News
  • Lebanon supermarkets price items in US dollars as local currency falls further

    Lebanon supermarkets price items in US dollars as local currency falls further

    Supermarkets in Lebanon started pricing items in US dollars on Wednesday instead of the nose-diving local currency, after a government announcement ...
    Middle East
  • Lebanon currency slips to new low as crisis grinds on 

    Lebanon currency slips to new low as crisis grinds on 

    The Lebanese pound on Wednesday hit a record low against the dollar on the black market, as the country’s grinding political and economic crises show ...
    Middle East
  • India says it is committed to boosting investment in crisis-hit Sri Lanka

    India says it is committed to boosting investment in crisis-hit Sri Lanka

    India has told Sri Lanka it is committed to boost investment in its debt-ridden neighbor, to help pull the island nation from its worst economic ...
    World News
  • Lebanon arrests three Syrians after over $1 million stolen from home 

    Lebanon arrests three Syrians after over $1 million stolen from home 

    Police in Lebanon, where a banking crisis has forced people to stash cash at home, said Friday that three people have been arrested after stealing ...
    Middle East
  • India to support crisis-hit Sri Lanka with long-term investments

    India to support crisis-hit Sri Lanka with long-term investments

    India said on Tuesday it would keep supporting Sri Lanka, mainly through long-term investments, after giving nearly $4 billion of financial help this ...
    World News
  • United States backs Sri Lanka’s debt restructuring effort

    United States backs Sri Lanka’s debt restructuring effort

    The United States will support the restructuring of Sri Lanka’s debt and extend financing assurances to the crisis-hit island nation, the US Treasury ...
    Economy
  • Lebanon telecom price hike threatens aid hotlines: NGO 

    Lebanon telecom price hike threatens aid hotlines: NGO 

    Telecom price hikes in Lebanon have slashed the number of emergency callers to aid hotlines, limiting access to relief services at a time of ...
    Middle East
  • Sri Lanka’s ex-President expected to return from Singapore after fleeing protests

    Sri Lanka’s ex-President expected to return from Singapore after fleeing protests

    Former Sri Lankan President Gotabaya Rajapaksa is expected to return home from Singapore where he has been staying for nearly two weeks after fleeing ...
    World News
  • US envoy to Sri Lanka expresses ‘grave concern’ over violence against protesters

    US envoy to Sri Lanka expresses ‘grave concern’ over violence against protesters

    The United States’ Ambassador to Sri Lanka said she met the new president to express her “grave concern” over violence against protesters in Colombo ...
    World News
  • A look at Sri Lanka’s new president, a divisive choice for fixing its economic crisis

    A look at Sri Lanka’s new president, a divisive choice for fixing its economic crisis

    Sri Lanka’s prime minister was elected president Wednesday by lawmakers who opted for a seasoned, veteran leader to lead the country out of economic ...
    World News
  • Sri Lanka talks to move quickly when new leaders set amid economic crisis: IMF

    Sri Lanka talks to move quickly when new leaders set amid economic crisis: IMF

    The International Monetary Fund assured that debt-restructuring talks with Sri Lanka will proceed “quite quickly as soon as a new government is in ...
    World News
  • Sri Lanka deploys heavily armed troops ahead of anti-government rally 

    Sri Lanka deploys heavily armed troops ahead of anti-government rally 

    Thousands of heavily armed troops were deployed in Sri Lanka’s capital Friday ahead of a planned rally demanding the ouster of embattled President ...
    World News
  • Qatar provides Lebanon’s army with $60 million: State news agency

    Qatar provides Lebanon’s army with $60 million: State news agency

    Energy-rich Qatar has given Lebanon’s cash-strapped armed forces $60 million, the foreign ministry in Doha announced Thursday.“The announcement comes ...
    Middle East
  • IMF tells bankrupt Sri Lanka to tackle corruption, raise taxes to rescue economy 

    IMF tells bankrupt Sri Lanka to tackle corruption, raise taxes to rescue economy 

    Sri Lanka should stamp out corruption and substantially raise taxes to rescue its economy, the International Monetary Fund said Thursday after bailout ...
    World News
  • Lebanon’s AM Bank suspends membership of banking association after IMF criticism

    Lebanon’s AM Bank suspends membership of banking association after IMF criticism

    Lebanon’s AM Bank suspended its membership of the country’s banking association on Friday over decisions “harming the banking sector” days after the ...
    Banking & Finance
  • India to support crisis-hit Sri Lanka’s economic recovery

    India to support crisis-hit Sri Lanka’s economic recovery

    India’s top diplomat held talks with Sri Lanka’s president and prime minister on Thursday as India signaled its willingness to go beyond the $4 ...
    World News
  • Some Lebanon banks disagree with ABL letter objecting IMF plan

    Some Lebanon banks disagree with ABL letter objecting IMF plan

    Lebanon’s Bank Audi and al-Mawarid Bank said on Wednesday they disagreed with a letter sent on behalf of the country’s banking association that ...
    Middle East
  • Lebanon banks association says it doesn’t oppose IMF deal

    Lebanon banks association says it doesn’t oppose IMF deal

    The Lebanese banks association ABL said on Wednesday it does not oppose an April draft deal between the government and the IMF, and sees an agreement ...
    Middle East
  • PM Mikati likely to be nominated for another term amid Lebanon crisis: Sources

    PM Mikati likely to be nominated for another term amid Lebanon crisis: Sources

    Lebanon’s caretaker premier Najib Mikati will likely be nominated for a new term on Thursday, political sources said, keeping him at the helm as the ...
    World News
  • Sri Lanka schools, government offices to shut as transport grinds to halt 

    Sri Lanka schools, government offices to shut as transport grinds to halt 

    Sri Lankan authorities on Friday announced a two-week shutdown of government offices and schools, as public transport ground almost entirely to a halt ...
    World News
  • Power restored in crisis-hit Sri Lanka, UN unveils $47 million aid plan 

    Power restored in crisis-hit Sri Lanka, UN unveils $47 million aid plan 

    Striking power sector workers returned to work in Sri Lanka on Thursday after the president promised to listen to their concerns, ending widespread ...
    World News
  • Sri Lanka power union announces strike, raising risk of blackouts 

    Sri Lanka power union announces strike, raising risk of blackouts 

    A power sector union in Sri Lanka said on Wednesday it will go on an indefinite strike from midnight in protest against new government legislation, ...
    World News
  • Lebanon’s divided parliament holds first session after vote

    Lebanon’s divided parliament holds first session after vote

    Lebanon’s newly elected parliament was holding its first session Tuesday, with lawmakers expected to choose the country’s longtime parliament speaker, ...
    Middle East
  • Crisis-hit Sri Lanka appoints PM to head finance ministry

    Crisis-hit Sri Lanka appoints PM to head finance ministry

    Sri Lanka’s Prime Minister Ranil Wickremesinghe was on Wednesday given the additional responsibility of running the finance ministry as the island ...
    World News
  • Lebanon’s bank association rejects government recovery plan

    Lebanon’s bank association rejects government recovery plan

    The Association of Banks in Lebanon (ABL) on Tuesday rejected a financial recovery roadmap passed last week by the country’s cabinet, saying it would ...
    Middle East
  • Crisis-hit Sri Lanka hikes fuel prices to record high

    Crisis-hit Sri Lanka hikes fuel prices to record high

    Cash-strapped Sri Lanka sharply hiked fuel prices on Tuesday to a record high, causing further pain to the country’s 22 million people in its worst ...
    World News
  • Sri Lanka to repay debts after six months: Governor

    Sri Lanka to repay debts after six months: Governor

    Sri Lanka will take at least six more months to start repaying its debts, the central bank said Thursday as the government shut schools because of ...
    World News
  • Man overseeing Lebanon vote frets about disruptions, vote buying

    Man overseeing Lebanon vote frets about disruptions, vote buying

    Leaving his office this week, the 80-year-old head of Lebanon’s election commission escorted journalists down eight flights of stairs, lighting the ...
    Middle East
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