Archive List for business & economy

More Russian oligarchs speak out against Putin’s war on Ukraine

As the west ratchet up sanctions on Russia’s Billionaires – including a promise to “hunt down” their yachts, jets and mansions – Some of Russia’s wealthiest oligarchs, known for having close ties to president Vladimir Putin, are speaking out against his decision to invade Ukraine. It comes as the value of the Russian Rouble has plummeted, costing the richest billions of dollars. Al Jazeera’s Laura Burdon-Manley 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/ #UkraineWar #RussiaOligarchs #RussiaSanctions

‘Plotting our escape’: Lebanon braces for new emigration wave

Lebanon’s population is facing a deepening financial crisis that has made a dignified life difficult, pushing many – especially the young– risking everything to seek a way out in search of a better life. Nearly 250,000 have escaped the economic crisis in recent years – and more people are risking more dangerous routes, to get out. Al Jazeera’s Zeina Khodr reports from Tripoli in northern Lebanon. – 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/ #Lebanon #LebanonEconomicCrisis #LebanonUnemployment

Greeks struggle to afford food and electricity as inflation soars

Soaring inflation is hitting living standards across the developed world. And it is largely being driven by a rise in energy prices. In Greece, electricity prices alone trebled last year, and the government is spending more than $2bn subsidising energy costs for households, businesses and farmers. But some people still have to choose between eating and paying their power bills. Greek incomes were battered by an eight-year depression following the 2008 global financial crisis and they still have not recovered. Al Jazeera’s John Psaropoulos reports from Athens. – 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/ […]

US homeless crisis escalates as rent prices rise

In the United States, and in California, there is increasing alarm over the number of over-fifties who find themselves living on the streets. They make up most of the more than half a million people there who are homeless. Many have been forced from their homes because they are unable to pay large increases in their rent. Al Jazeera’s Rob Reynolds has more from Los Angeles. Follow us on Twitter: https://twitter.com/AJEnglish/ – Find us on Facebook: https://www.facebook.com/aljazeera/ – Check our website: https://www.aljazeera.com/ #US #Homeless

China property crisis: Evergrande fights demolition of dozens of buildings

A property crisis in China is deepening as the number of debt-ridden developers grows after Beijing capped their loans. Real estate giant Evergrande is struggling to pay back $300bn in loans. And the company is now fighting the demolition of dozens of apartment blocks. Al Jazeera’s Katrina Yu reports from Danzhou in Hainan province, China. – Follow us on Twitter: https://twitter.com/AJEnglish/ – Find us on Facebook: https://www.facebook.com/aljazeera/ – Check our website: https://www.aljazeera.com/ #China #Evergrande #EvergrandeCrisis

Nigeria’s premium and smart home boom

In Nigeria, finding an affordable place to live is becoming increasingly difficult. Africa’s most populous country has a shortage of 24 million homes – and it is expected to get worse. But property developers are more interested in building high-end homes for Nigeria’s emerging middle class. Al Jazeera’s as Ahmed Idris reports from the capital Abuja. – 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/ #Nigeria #NigeriaHousing #NigeiraSmartHomes

China rations diesel amid nationwide fuel shortages

China has started rationing diesel. A nationwide energy shortage has led to a surge in demand for the fuel and a rise in prices. Many truck drivers say they are not able to complete long-distance routes to deliver vital goods. Al Jazeera’s Katrina Yu reports from Beijing, China. – Follow us on Twitter: https://twitter.com/AJEnglish/ – Find us on Facebook: https://www.facebook.com/aljazeera/ – Check our website: https://www.aljazeera.com/ #China #ChinaFuelShortages #ChinaFuelRationing

Facebook, Instagram and WhatsApp down in global outage

Facebook Inc has said it is working to restore access to its social media platforms, including photo-sharing platform Instagram and messaging app WhatsApp, after an apparent global outage. The platforms were down for tens of thousands of users on Monday, according to outage tracking website Downdetector.com. Ian Sherr is an Editor at Large at the consumer tech site CNET. He joins us from Silver Spring in US state of Maryland to discuss the latest updates. – 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/ #FacebookDown #WhatsappDown #InstagramDown

A month after Kabul’s fall, Taliban stares at humanitarian crisis

It has been one month since the Taliban captured Kabul and seized control of Afghanistan. But with foreign funds drying up, Afghanistan and its new government are facing a cash crisis. With the cash shortage has come an increase in the prices of everyday items, and employment is in short supply, leaving many Afghans struggling to make ends meet. Al Jazeera’s Osama Bin Javaid reports from the Afghan capital, Kabul. – Follow us on Twitter: https://twitter.com/AJEnglish/ – Find us on Facebook: https://www.facebook.com/aljazeera/ – Check our website: https://www.aljazeera.com/ #AfghanistanCrisis #Taliban #Kabul

Flying car completes first inter-city flight in Slovakia

Engineers in Slovakia are hailing a new era of transport after a flying car completed its first inter-city flight. The “AirCar” completed a 35-minute journey on Monday. The dual-transportation vehicle uses wings that fold away in less than three minutes. Al Jazeera’s Sonia Gallego reports. – Follow us on Twitter: https://twitter.com/AJEnglish/ – Find us on Facebook: https://www.facebook.com/aljazeera/ – Check our website: https://www.aljazeera.com/ #Slovakia #FlyingCars #Aircar