Local leaders find themselves at the front line of Europe’s conservation efforts, fearing a Russian gas cut. It’s not an easy place to be.
Tag: Economic Conditions and Trends
Bangladesh Seeks I.M.F. Loan as Inflation Rocks South Asia
As trade deficits widen, governments in the region struggle to import increasingly expensive diesel, gasoline and cooking gas.
Facing ‘Putin’s Energy Blackmail,’ Europe Agrees to Cut Russian Gas Use
Holding together despite some nations’ dependence on Russia, the European Union agreed to make voluntary savings mandatory if the Kremlin suddenly decides to turn off the taps over its invasion of Ukraine.
Pakistan’s Deadly Flood Season Worsened by Climate Change and Bad Infrastructure
Monsoon rains have devastated Pakistan’s economic hub, Karachi, adding urgency to pleas to better equip cities to handle more frequent extreme weather.
Sri Lanka, Out of Fuel, Runs on Patience
The rage at the failure and corruption of a ruling elite is matched by generosity and ingenuity to prevent complete collapse and anarchy.
Global Central Banks Ramp Up Inflation Fight
Central banks in the U.S., Europe, Canada and parts of Asia are lifting interest rates rapidly as they try to wrestle breakneck inflation under control.
Mexico’s Leader Says Poverty Is His Priority. But His Policies Hurt the Poor.
Halfway into the president’s term, the plight of Mexico’s lower classes has only worsened. Economists say it is the result of government mismanagement of welfare programs and the economy.
Biden Concedes Defeat on Climate Bill as Manchin and Inflation Upend Agenda
Rising prices, party infighting and the aftershocks from Russia’s invasion of Ukraine have undercut the president’s plans to speed an energy transition.
China’s Economy Hits a Slump as Covid Policy Takes a Toll
High unemployment, a housing market in crisis and sluggish consumer spending during lockdowns are putting pressure on Beijing in a year when officials are focused on projecting stability.
Gaps in Arms Supplies to Ukraine Point to Countries’ Divergent Strategies
Beyond logistical issues, the uneven flow of arms to Ukraine hints at differences among allies about whether Russia should be punished or eventually accommodated.