Archive List for economy

Iraq devalues currency by a fifth, the most since 2003

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AlJazeeraEnglish

0 Iraq’s government recently devalued the local currency – the Iraqi dinar – by more than 20 percent. It is the biggest currency devaluation against the dollar since the 2003 fall of Saddam Hussein. Prices of everyday goods and services have suddenly skyrocketed, fuelling fear and anger among many Iraqis who have spent decades struggling to survive financially. Al Jazeera’s Charles Stratford has this report from Baghdad. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #AlJazeeraEnglish #Iraq

Lebanon hyperinflation adds to economic crisis

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AlJazeeraEnglish

A shortage of medicine in Lebanon is worsening an economic crisis for millions. And the central bank’s warning that subsidies may soon end has provoked a rush to stockpile essential goods. Al Jazeera’s Zeina Khodr has more from Beirut. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #AlJazeeraEnglish #Lebanon

Kyrgyzstan election: Politicians promise to fix weak economy

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AlJazeeraEnglish

Sunday is parliamentary election day in Kyrgyzstan. Campaigning has focused on fixing the economy and cutting decades of high unemployment. The lack of jobs has forced thousands of Kyrgyz to seek work abroad. Al Jazeera’s Charles Stratford reports from the capital Bishkek. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #AlJazeeraEnglish #Kyrgyzstan #KyrgyzstanElection

Ecuador faces worst unemployment crisis in Latin America

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AlJazeeraEnglish

Early on in the pandemic, Ecuador took the lead with the highest number of COVID-19 related deaths in Latin America. Now, it is leading the region in unemployment. A shocking 85 percent of Ecuadorans are now either unemployed or in precarious jobs. Al Jazeera’s Lucia Newman reports. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #AlJazeeraEnglishg #Ecuador #COVID-19

How will Lebanon ever recover? | Start Here

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AlJazeeraEnglish

How will Lebanon ever recover? Lebanon suffered a devastating ammonium nitrate explosion in early August. The port in Beirut is barely recognisable, more than a quarter of a million people are homeless and the death toll is high. People are angry. So what happened? And how will the almost bankrupt country recover? – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: http://www.aljazeera.com/ Aljazeeraenglish #lebanonBlast #News

UK economy: Bank warns of biggest decline in century

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AlJazeeraEnglish

The latest Bank of England forecast says the British economy is facing its biggest annual decline for 100 years. And bankers warn it could take more than a year to get back to pre-lockdown levels, provided there is not a second surge of coronavirus infections. Al Jazeera’s Neave Barker reports from London, UK. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #AlJazeeraEnglish #UK #Economy

Beirut blast pushes economy to edge as many remain missing

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AlJazeeraEnglish

A government-led investigation is under way in Lebanon to probe the cause of the massive explosion that ripped through the capital, Beirut. The government announced on Wednesday that those responsible for guarding and storage at Beirut’s port – the epicentre of the blast – would be placed under house arrest “as soon as possible,” after the disaster left at least 137 dead and 5,000 wounded. Damage from the explosion, which officials have linked to some 2,750 tonnes of ammonium nitrate stored at the port, may be worth up to $15bn, Beirut Governor Marwan Abboud said. Al Jazeera’s Zeina Khodr reports. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on […]

Chinese unemployment remains high despite economic rebound

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AlJazeeraEnglish

China’s economy appears to have rebounded sharply from the coronavirus outbreak after an historic contraction. But many people are still unemployed. Jobseekers have been encouraged to become street vendors to spur the country’s economic growth. Al Jazeera’s Katrina Yu reports from Chengdu. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #AlJazeeraEnglish #China #Coronavirus

Lebanon FM resigns as country nears bankruptcy

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AlJazeeraEnglish

Lebanon’s foreign minister has resigned. Nassif Hitti says he could not continue because of the government’s poor performance. Lebanon is close to bankruptcy. And critics say politicians, accused of running the economy into the ground, have shown no willingness to fight corruption to receive a bailout from the International Monetary Fund. Patrick Mardini, the president of the Lebanese Institute for Market Studies, discusses this latest development. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #AlJazeeraEnglish #Lebanon #Coronavirus

Ethiopia says it needs Blue Nile water to help its people

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AlJazeeraEnglish

The Nile has become a political statement as countries across Africa fight for control of it. Egypt and Sudan depend on the river for their water. It is fed by the Blue Nile in Ethiopia. But the Ethiopian government says it needs to use more of the resource to help its people. For countries downstream, that is a problem. Al Jazeera’s Mohammed Vall has this report from the source of the Blue Nile in Ethiopia. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #AlJazeeraEnglish #Ethiopia #Nile #BlueNile