President Nayib Bukele has promoted the cryptocurrency as a path to financial freedom, but economic experts and many Salvadorans worry the move brings great risks.
Tag: Economic Conditions and Trends
An Economic Lifeline in South America, the Paraná River, Is Shriveling
The continent’s second-largest river is drying up amid the biggest drought in 70 years, upending ecosystems, trade and livelihoods.
Why the Taliban Desperately Need Cash to Run Afghanistan
The group has long tapped underground banks and opium to fund Afghanistan’s insurgency. Fixing the nation’s problems will require a lot more than that.
India’s Economic Figures Belie Covid-19’s Toll
Strong results compared with last year’s performance mask lingering weaknesses that could hold back needed job creation.
Evacuations From Kabul Wind Down as U.S. Prepares to Pull Last Troops
Hundreds of thousands of Afghans are still thought to be seeking to flee the country, but President Biden and other global leaders have acknowledged that many will not get out before the deadline.
Afghanistan Faces Economic Shock as Sanctions Replace Foreign Aid
The Taliban will be under pressure to keep a fragile economy afloat.
South Koreans Now Dislike China More Than They Dislike Japan
There is growing anti-China sentiment in South Korea, particularly among young voters. Conservative politicians are eager to turn the antipathy into a presidential election issue.
Japan’s Economy Returns to Growth, but Virus Threat Looms
Even as other major economies have roared back to life, Japan’s has been stuck in a cycle of growth and contraction.
Bangladesh Reopens Economy Despite Covid Third Wave
The government is lifting a lockdown despite warnings from health experts that the outbreak could worsen.
Biden Ramps Up Pressure on Cuba, Abandoning Obama’s Approach
Many Cubans thought the Biden administration would move to normalize relations with Havana. But the president has been tougher than Donald Trump on the island’s government.