In a country hobbled by economic crisis, families often turn to private education centers instead of schools to seek better futures for their children, sometimes even sacrificing food to pay for lessons.
Tag: Economic Conditions and Trends
Iranians Blame Power Grid and Gas Shortage for Shutdown Amid Heat
The government in Tehran cited “unprecedented” heat when it ordered a two-day shutdown to protect health and conserve energy, but many residents were not buying it.
Iranians Blame Power Grid and Gas Shortage for Shutdown Amid Heat
The government in Tehran cited “unprecedented” heat when it ordered a two-day shutdown to protect health and conserve energy, but many residents were not buying it.
Russia’s Wartime Spending Raises Fears of an Economic Bubble
The economic strength has helped to maintain popular support for Vladimir Putin’s war, but some have warned the state-led spending is threatening the country’s financial stability.
Wildfires in Greece Raise Fears of Tourism Collapse
The fiercest wildfires have hit only parts of a few islands. But the effects of climate change pose a far wider threat to Greece’s tourism industry.
Global Economy Shows Signs of Resilience Despite Lingering Threats
The International Monetary Fund upgraded its global growth forecast for 2023.
End of Nigerian Fuel Subsidy Fuels Crippling Inflation
In his first two months in office, President Bola Tinubu has ripped the Band-Aid off Nigeria’s ailing economy. Time will tell if it can heal, but for now, Nigerians are feeling the pain.
Russia Raises Interest Rates, Trying to Cool Wartime Economy
With the ruble weakening and the government spending ever more money on the war in Ukraine, Moscow took unexpectedly sharp action to curb inflation.
UK By-Election Results: 1 Win and 2 Defeats for the Tories
The governing Conservatives retained Boris Johnson’s former Parliament seat in northwest London, but lost in two districts, including a sobering defeat in northern England.
Antigovernment Protests in Kenya Leave Several Dead and Streets in Chaos
Antigovernment protests over price hikes and new taxes have left at least 31 people dead in recent weeks, prompting the country’s news outlets to join together to issue a dire warning.