Voters drove out vital parliamentary allies of the militant faction, though not Hezbollah candidates themselves. A dozen new independents won seats.
Tag: Recession and Depression
Inflation Anger
Inflation is still high — and many Americans are upset.
World Economic Outlook Dims as War and Pandemic Cast a Pall
The International Monetary Fund’s new World Economic Outlook expects growth to slow to 3.6 percent this year. The group is one of many to slash their forecasts recently.
Pay Your Power Bill, Myanmar Soldiers Say, or Pay With Your Life
Facing a huge loss of revenue amid economic turmoil, the military has sent soldiers to act as debt collectors.
How Inflation Affects Turkey’s Struggling Economy
Even before the pandemic, Turkey was trying to ward off financial meltdown. The crisis has accelerated as President Recep Tayyip Erdogan has doubled down on his unorthodox policies.
As Pandemic Threatens Britain’s Mental Health, These ‘Fishermen’ Fight Back
A charity called the Bearded Fishermen has begun a nightly suicide-prevention patrol around a town in England, looking for people in crisis.
A Manila Barbershop’s Mirrors Reflect the Pain of the Pandemic
Seven months since the Philippines enacted its first lockdown, Jolog’s Barbershop exemplifies the toll the coronavirus has exacted on the country in lost lives, income and sense of community.
Europe’s Economic Revival Is Imperiled, Raising the Specter of a Grinding Downturn
As the coronavirus regains force, economists fear that Europe’s tentative recovery is at risk from traditional political concerns.
E.U. Adopts Groundbreaking Stimulus to Fight Coronavirus Recession
The $857 billion package includes unprecedented steps to help less wealthy countries, including selling collective debt and giving much of the money as grants, not loans.
European Union Leaders Meet to Discuss Coronavirus Recovery Plan
Domestic political pressures and longstanding cultural differences are putting a brake on Angela Merkel’s push for swift agreement.