Archive List for economy

Argentina inflation: Residents struggle with volatile cost of living

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AlJazeeraEnglish

Argentina is grappling with stubbornly high annual inflation, now running at 50 percent. Some analysts are forecasting it will climb even more this year, despite promises by the government to rein prices in. Al Jazeera’s Teresa Bo reports from Buenos Aires on how people are trying to adapt. – Follow us on Twitter: https://twitter.com/AJEnglish/ – Find us on Facebook: https://www.facebook.com/aljazeera/ – Check our website: https://www.aljazeera.com/ #Argentina

Turkey central bank forecasts 23 percent inflation rate

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AlJazeeraEnglish

Shoppers in Turkey cannot look forward to lower prices anytime soon. The central bank is forecasting a 23 percent inflation rate this year. Some analysts think that is too optimistic after inflation last year soared to a 20-year high and the lira lost almost half its value. Al Jazeera’s Sinem Koseoglu reports from Istanbul, Turkey. – Follow us on Twitter: https://twitter.com/AJEnglish/ – Find us on Facebook: https://www.facebook.com/aljazeera/ – Check our website: https://www.aljazeera.com/ #Turkey

Sierra Leone struggling to recover 20 years after civil war’s end

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AlJazeeraEnglish

It was a war infamous for its cruelty, mutilations and child soldiers paid for by exports of so-called “blood diamonds” mined by slave labour. The war ended 20 years ago in Sierra Leone, but the recovery and reconciliation processes have been slow. The government is focused on fighting corruption, improving infrastructure and reducing unemployment, but significant hurdles and divisions remain. Al Jazeera’s Ahmed Idris reports from the capital Freetown, where, despite vast mineral riches, its eight million people remain some of the poorest in Africa. – Follow us on Twitter: https://twitter.com/AJEnglish/ – Find us on Facebook: https://www.facebook.com/aljazeera/ – Check our website: https://www.aljazeera.com/ #SierraLeone

US supply chain problems cause more shortages in basic items

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AlJazeeraEnglish

President Joe Biden is being blamed for empty shelves in US supermarkets. Winter weather and the surge in Omicron cases is adding to the disruption. And as Al Jazeera’s Shihab Rattansi reports from Maryland, the pandemic has exposed problems with deregulation for truck drivers and how their pay has been cut. – 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

Lebanon protesters fear economic crisis has no end in sight

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AlJazeeraEnglish

Protesters in Lebanon are back on the streets as the country grapples with economic collapse. Many are angry with the government’s recovery plan, which they say is short of much-needed reforms. And as the crisis continues, some demonstrators fear there may be no end in sight. Al Jazeera’s Zeina Khodr reports from Beirut. – 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

US homeless crisis escalates as rent prices rise

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AlJazeeraEnglish

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

Iranians struggle to buy essentials amid soaring inflation

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AlJazeeraEnglish

Iran’s inflation rate is among the world’s highest and has soared by nearly 60 percent since 2018. And while its new government says improving the economy is a priority, many people are still struggling. Al Jazeera’s @Resul Serdar 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 #Economy

Lebanon public transport workers go on strike

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AlJazeeraEnglish

In Lebanon, public transport workers have been on strike as the country struggles with an economic crisis. Drivers have been blocking roads across the capital, Beirut. They are angry over increasing fuel prices and a sharp devaluation of the currency. The crisis has been caused by growing national debt and political deadlock. Al Jazeera’s Zeina Khodr reports from Beirut. – 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

The U.S. economy will ‘roll over very, very quickly’ in 2022: Economist

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yahoo finance

#inflation #BuildBackBetter #Biden Mizuho Americas Chief U.S. Economist Steven Ricchiuto joins Yahoo Finance’s Jared Blikre and Karina Mitchell to discuss COVID-19, the Build Back Better plan’s failure, inflation, and consumer confidence is weighing on the economic outlook in the U.S. 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 […]

Crisis continues for China’s real estate developer Evergrande

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AlJazeeraEnglish

China’s second largest real estate developer Evergrande has been officially declared in default by credit agencies. The ramifications of this will be felt by homebuyers and millions who rely on the sector for employment. Al Jazeera’s @Katrina Yu reports from Suzhou, China. – 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 #Evergrande