The country’s economy has been very hard hit by cascading crises which have disrupted worldwide trade.
Tag: Economic Conditions and Trends
Ostracized by the West, Russia Finds a Partner in Saudi Arabia
The two oil-producing countries have extended their partnership even as the United States and Europe have sought to punish and isolate Russia for invading Ukraine.
The U.S. Touts Big Investments for Mexico, Testing Its Nationalist Policies
U.S. officials are looking south for a strategic partner to create a regional manufacturing hub that can rival China. But there are still doubts over Mexico’s willingness to cater to foreign industry.
Oppressive Blackouts Force Lebanese to Change Rhythm of Life
With electricity coming on at random times, and for only an hour or two a day, residents have had to find coping strategies — including doing laundry and charging everything they can after midnight.
Oppressive Blackouts Force Lebanese to Change Rhythm of Life
With electricity coming on at random times, and for only an hour or two a day, residents have had to find coping strategies — including doing laundry and charging everything they can after midnight.
As Crises Mount, Europe Turns Once Again to Big Spending
The standoff with Russia over Ukraine and rising energy prices are rapidly overturning European economic orthodoxy, with barely a peep of dissent.
Liz Truss, New UK Leader, Lays Out Energy Price Cap Plan
Facing severe economic headwinds, Prime Minister Liz Truss announced emergency measures to freeze gas and electricity rates.
Twilight of Entrepreneurs in China as More Leave the Country
Two of China’s best-known entrepreneurs, Pan Shiyi and Zhang Xin, stepped down from their top jobs at the real estate development company they built.
Putin Dismisses Losses in Ukraine, Says Russia Is Gaining From War
Defiant against the West and despite the heavy blows to his economy and military, President Vladimir V. Putin said Russia had “not lost anything” from its invasion of Ukraine.
E.U. Weighs Russian Gas Price Cap Amid ‘Astronomic’ Energy Prices
The bloc is also considering mandatory cuts in electricity use and taxes on oil and gas companies.