Archive List for economy

Zimbabwe’s inflation rate hits triple digits

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AlJazeeraEnglish

Inflation in Zimbabwe has climbed above 100 percent for the first time since last June. It now stands at 131.7 percent. The levels of hyperinflation are hurting the local manufacturing industry, and there are concerns it could lead to job losses. Al Jazeera’s @Haru Mutasa reports from Harare, Zimbabwe. – 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 #Zimbabwe #Economy

UK sees staple food prices soar amid growing global crisis

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AlJazeeraEnglish

Global food prices have hit an all-time high in recent months. They are being driven upwards by the war in Ukraine, the pandemic and climate change. This comes on top of surging energy prices and high inflation. Al Jazeera’s Neave Barker reports from London. – Follow us on Twitter: https://twitter.com/AJEnglish/ – Find us on Facebook: https://www.facebook.com/aljazeera/ – Check our website: https://www.aljazeera.com/ #Food #UK

Cuba faces worst economic crisis in decades

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AlJazeeraEnglish

Cuba is facing its worst economic crisis in 30 years. The last time Cuba felt this strain was when subsidies from the former Soviet Union ended. Now, US sanctions and a pandemic that has crippled the tourism industry have tens of thousands of Cubans leaving the island in search of a better life. Al Jazeera’s Lucia Newman has this special report from Havana. – Follow us on Twitter: https://twitter.com/AJEnglish/ – Find us on Facebook: https://www.facebook.com/aljazeera/ – Check our website: https://www.aljazeera.com/ #Cuba

Sri Lanka warns of worsening crisis as petrol stations run dry

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AlJazeeraEnglish

Sri Lanka’s government is telling people not to line up at petrol stations because they have run dry. The government is struggling to pay for new supplies and other essential goods, and the prime minister is warning the most difficult months are to come. Credit lines, emergency loans and aid have helped the government limp along, but observers say political instability is stalling efforts to recover from the economic crisis. Al Jazeera’s Minelle Fernandez reports from Colombo. – Follow us on Twitter: https://twitter.com/AJEnglish/ – Find us on Facebook: https://www.facebook.com/aljazeera/ – Check our website: https://www.aljazeera.com/ #SriLanka

Iran startups: Businesses flourishing despite US sanctions

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AlJazeeraEnglish

Startup companies are flourishing in Iran, despite four years of US sanctions. And rather than hinder them, some business owners are finding the pandemic has helped. Al Jazeera’s @Ali Hashem reports from Tehran, Iran. – 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 #Iran #Business

US inflation jumped 8.5 percent in past year, highest since 1981

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AlJazeeraEnglish

The US’s consumer price index (CPI) in March has reached a new record. The inflation rate jumped to 8.5 percent compared with a year ago – the greatest annual rate increase since 1981. Compared with last month, the US CPI rose by 0.6 percent, reflecting higher fuel, food and housing costs. Economists say inflation will cost the average US household an extra $5,200 this year. Al Jazeera’s John Hendron reports from Chicago. – 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

Stolen billions: Former banker in 1MDB scandal found guilty

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AlJazeeraEnglish

A former executive of the US bank Goldman Sachs faces up to 30 years in prison for embezzling billions of dollars. The stolen fortune is linked to Malaysia’s sovereign wealth fund, known as 1MDB. Al Jazeera’s @Gabriel Elizondo reports from Brooklyn, New York. – 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 #NewYork # GoldmanSachs

Lebanon bank customers take legal action after losing life savings

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AlJazeeraEnglish

The collapse of Lebanon’s economy has forced some bank customers to take legal action to try and recover their savings. But only a few have been successful. The banks are being accused of shifting their losses to customers by offering cheques worth a fraction of their deposits. Al Jazeera’s Zeina Khodr reports from Beirut, Lebanon. – 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

U.S. economy could face ‘milder recession’ in 2024 from Fed policy: Economist

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yahoo finance

#US #Economy Nomura Securities Senior US Economist Robert Dent joins Yahoo Finance Live’s Julie Hyman and Brian Sozzi to discuss inflation, consumer spending, recessionary risks, the labor market, and Fed policy. Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover […]

Afghan opium fields bloom as economy wilts

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AlJazeeraEnglish

Afghanistan is the world’s top opium producer. Up until recently, Afghanistan’s new Taliban rulers said they would punish farmers, to curb production. But now, facing a dire economic crisis, the group appears to have changed its stance. Al Jazeera’s Katia Lopez Hoda-Yan has more. – Follow us on Twitter: https://twitter.com/AJEnglish/ – Find us on Facebook: https://www.facebook.com/aljazeera/ – Check our website: https://www.aljazeera.com/ #Afghhanistan #Opium #Economy