The local currency had tumbled against the dollar, and food and energy prices soared in the wake of Russia’s February invasion of Ukraine, adding to the struggles of millions of Egyptians.
Tag: Economic Conditions and Trends
UK Leader Rishi Sunak Faces a Bruising Prime Minister’s Questions
The opposition’s lines of attack, starting with Mr. Sunak’s choice of home secretary and his wife’s wealth, gave a glimpse of where it sees vulnerabilities in the governing Conservatives.
Rishi Sunak’s Challenge: Unifying the Party and Fixing the Economy
The Conservative Party is fractured and Britain’s public finances are battered. That will test the political skills of a leader who has been involved in national politics for only seven years.
Germany’s Allies Challenge Its Stances on Ukraine and Energy
The government has dismissed criticism of its refusal to provide modern tanks to Ukraine and its massive energy subsidy for its own citizens. But its friends are bridling.
What Will Rishi Sunak Do as UK’s Prime Minister?
He has said very little about how he will turn around Britain’s economy or deal with any of the other issues facing the U.K.
Rishi Sunak Will Face Difficult Economic Tests Immediately
As prime minister, Mr. Sunak will face a vastly different economic backdrop to the one he experienced as finance minister.
Rishi Sunak will face difficult economic tests immediately.
As prime minister, Mr. Sunak will face a vastly different economic backdrop to the one he experienced as finance minister.
Rishi Sunak Becomes the Front Runner for U.K. Prime Minister
Mr. Sunak’s warnings about inflation and his fiscal conservatism may have cost him the post in September. But now his accurate assessments are easing his path to Britain’s top job.
Xi Jinping Now Holds Near-Absolute Power in China, Creating Risks
Xi Jinping has created a new ruling elite packed with loyalist officials primed to elevate his agenda of bolstering national security and of turning China into a technological great power.
Giorgia Meloni Gets Go-Ahead for New Italian Government
The hard-right leader will be sworn in on Saturday as the country’s first female prime minister amid questions about her coalition’s commitment to Europe.