Crushing obligations to foreign creditors that have few precedents have sapped numerous African nations of growth and stoked social instability.
Tag: Economic Conditions and Trends
Canada Orders Arbitration and End to Rail Freight Shutdown
The shutdown had threatened to disrupt trade with the United States and other countries, as well as cause serious economic consequences in Canada.
Fumio Kishida, Japan’s Prime Minister, Will Step Down in September
The unpopular prime minister is bowing to pressure within his party. But it is unclear whether the party is truly ready to choose a candidate who will meet the public’s concerns.
Bangladesh Put Its Eggs in One Economic Basket. Now, a Reckoning.
Garment exports lifted the country to new heights. But overreliance on that industry also helped bring down Prime Minister Sheikh Hasina.
Sheikh Hasina Thought Her Grip on Bangladesh Was Unbreakable
Prime Minister Sheikh Hasina, who once brought democratic hope to Bangladesh, turned increasingly autocratic and met her downfall in a crackdown on protesters.
Nationwide Protests Over Hunger Rock Nigeria
Thousands turned out across Africa’s most populous country despite government attempts to prevent them. Demonstrations have left at least 13 people dead, Amnesty International says.
Why Some Young People in China Pretend to Be Birds
Some people in China flap and squawk on social media as way of escaping hustle culture. We can explain.
Away From the War in Gaza, Another Palestinian Economy Is Wrecked
With the closure of checkpoints, Israeli Arabs cannot come to Jenin and Tulkarm to shop, and West Bank Palestinians cannot leave to work in Israel, cutting incomes and building militancy.
Russia Raises Key Inflation Rate to 18 Percent
The move underscored the wartime risks for the Kremlin as the government pumps enormous sums of money into the Russian economy.
Heat Waves Are Pounding Egypt, and Often There’s No A.C.
Daily power cuts have been plaguing Egypt during an extraordinarily hot summer. Now the blackouts may be temporarily suspended, but the damage to confidence in the government has already been done.