economic crisis
Coverage of economic crisis in the Nexus archive.
- Iran’s environmental catastrophe has also wrecked its economy
Iran's environmental catastrophe has damaged its economy. A climate scholar suggests a peace deal with the US could help Tehran resolve its internal crisis and boost its economy if green investment is prioritized over military expansion.
- South Sudan: Serving a State That Couldn't Pay - Why South Sudan's Civil Servants Didn't Quit During the War
When civil war broke out in South Sudan in December 2013, civil servants became central to a political and economic crisis. The article explores why these civil servants did not resign despite the conflict.
- Cuba sees nationwide power blackout for third time in six months
Cuba experienced a nationwide power blackout for the third time in six months. The country is already facing an ongoing economic and humanitarian crisis, attributed to a US blockade.
- Iranians struggle as ongoing economic crisis shows no sign of abatting
Iranians face soaring living costs due to a combination of war, subsidy reforms, and sanctions, making basic necessities unaffordable for many. Some hoped foreign intervention would destabilize the regime, but the US-Israel conflict has instead worsened livelihoods.
- State Police: Actress Clarion Chukwurah roots for vigilantes
Actress Clarion Chukwurah is reported to support vigilantes, according to the State Police. She attributes the current economic crisis as a factor driving millions of Nigerians into poverty.
- Russia's top banker pleads with Putin to stop the war on state TV as he makes stark warning about country's economic crisis
Russia's top banker pleads with Putin to stop the war on state TV and issues a stark warning about the country's economic crisis.
- Russia's top banker pleads with Putin to stop the war on state TV as he makes stark warning about country's economic crisis
Russia's top banker urged President Vladimir Putin on state television to halt the war and issued a stark warning regarding the country's economic crisis.
- South Africa: Blaming Migrants Ignores the Real Causes of South Africa's Economic Crisis
South Africa is experiencing a significant anti-immigrant mobilization. The article argues that blaming migrants ignores the real causes of the country's economic crisis.
- Iran enters fragile peace with economy near breaking point
The US has temporarily allowed Iran to export oil and pledged billions to address the crisis caused by the war. However, with ordinary Iranians struggling, Tehran is concerned about potential new protests.
- This disease is more expensive than cancer and heart disease combined. And it’s only going to get worse.
A disease is highlighted as more costly than cancer and heart disease combined, with predictions of worsening trends. The article describes it as a health and economic crisis impacting families and governments.
- Cuba approves its deepest market reforms in over a decade amid public skepticism
Cuba's National Assembly approved 176 measures introducing market reforms, the most significant since Raúl Castro's 2011 reforms. The government cites the worst economic crisis in decades as the reason, though public skepticism remains.
- Cuba approves free-market reforms in effort to stave off economic collapse
Cuban lawmakers approved nearly 200 free-market reforms to address a severe economic crisis exacerbated by a U.S. oil blockade. The reforms aim to rescue the communist island from economic collapse.
- Cuba’s Communist Party convenes unscheduled session to debate new economic measures
Cuba’s Communist Party (PCC) held an unscheduled session to discuss economic reforms announced by President Miguel Díaz-Canel, which aim to expand private business opportunities and address the island’s economic crisis. The National Assembly also convened to follow up, as the U.S. energy blockade exacerbates shortages of power, food, water, and medicine, disproportionately affecting vulnerable populations.
- Bolivia moves closer to state of emergency among large-scale protests
Bolivia's President Rodrigo Paz is considering a state of emergency that would permit military intervention in protests. Demonstrations have persisted for weeks, with protesters demanding action on the country's worst economic crisis in decades and some calling for Paz to resign. The unrest has caused food and fuel price increases and shortages of basic goods.
- Cuba suffering wartime-scale economic crisis
Cuba faces a severe economic crisis exacerbated by the US blockade, mismanagement, and loss of Venezuelan oil. The Financial Times describes the US actions as 'bullying' but notes that adopting a liberalized economy with private sector growth and foreign investment could benefit Cuba. Bureaucratic hurdles and lack of support from traditional allies worsen the situation.
- Bolivia at 'breaking point,' president warns protesters
Bolivian President Rodrigo Paz warned the country is at a 'breaking point' due to nearly a month of protests causing shortages of food, fuel, and medicine. The US-backed leader faces growing anger over his center-right policies, with La Paz, the political capital, besieged by low-income workers and Indigenous groups demanding his resignation.
- Bolivian president slashes salary by 50% to calm protests
Bolivian President Rodrigo Paz announced a 50% salary reduction for himself and his ministers to address protests over high living costs and austerity measures that have triggered the country's worst economic crisis in 40 years. Demonstrations have led to clashes with police and effectively blockaded the capital.
- Russia Facing Severe Economic Crisis? Attacks Signal Desperation | Bohdan Nahaylo
The article suggests Russia's economy may be deteriorating due to the war, sanctions, and Ukrainian strikes on oil refineries. Analysts argue recent brutal attacks on Ukraine signal Vladimir Putin's desperation.
- Cuba receives China rice shipment amid US threats, blackouts
Cuba has received a rice shipment from China to address food shortages, but the country's economic crisis persists due to blackouts, oil embargoes, and threats from the United States.
- Yemen war sees scramble for scant resources between displaced and locals
Reduced aid and a domestic economic crisis in Yemen are causing extreme suffering for displaced people at the Maryamah camp, as resources become increasingly scarce. The conflict has intensified competition for limited supplies between displaced populations and local communities.
- Bolivian president Rodrigo Paz targeted by new mass protests
Bolivian riot police used tear gas against anti-government protesters in La Paz as unions and Indigenous groups demanded President Rodrigo Paz's resignation amid an economic crisis and nationwide unrest.
- States should tax windfall oil profits to fund their way out of crisis
A major economic crisis is increasing energy profits, and taxing windfall oil profits can help countries survive and become immune to shocks. This approach can provide a way out of the crisis. Taxing these profits can fund their recovery.
- Soaring fuel prices in Pakistan threaten economic and political crises
Pakistan's fuel import bill has surged from $300m to $800m, increasing economic pressure and threatening political instability. The sharp rise in costs exacerbates existing economic challenges.
- Malik: UAE-US FX Swap a Backstop for Worst Case Scenario
The UAE and US have established a foreign exchange swap agreement as a contingency measure for severe economic scenarios, according to Malik. This arrangement aims to stabilize financial systems during crises by providing liquidity support.
- The original American boomtown is now a byword for broken dreams... and the crisis is spreading
The article discusses the decline of an original American boomtown, which has become a symbol of broken dreams, as the crisis affecting it spreads. The focus is on the economic and social downturn in the region.
- ‘Hunger Bonds’ Comeback Shows Depth of Venezuela Debt Rally
The resurgence of 'Hunger Bonds' highlights Venezuela's ongoing economic struggles, as a debt rally underscores the country's deepening financial crisis and reliance on high-risk borrowing.
- Iran war lands 'triple blow' to flood-ravaged Sri Lankans
The article highlights that the Iran war coincides with Sri Lanka's ongoing flood crisis and economic struggles, exacerbating the nation's difficulties. The timing of the conflict is described as particularly detrimental to Sri Lanka's already vulnerable situation.
- Donald Trump has four bad options for the war in Iran
The article discusses Donald Trump's four potential strategies regarding the war in Iran, none of which are assured to resolve the conflict or alleviate its economic consequences. The focus is on the limitations of available options in addressing the crisis.