15 Aug 2022

Taliban celebrates ‘victory day’, as Afghans face economic crisis

The Taliban has marked the first year anniversary  of its return to power in Afghanistan. Taliban members celebrated the “day of victory” in the capital, Kabul. The group captured Kabul in a lightning offensive against government forces as US-led troops were leaving the country after two decades of intervention.  Exactly

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15 Jul 2022

Sri Lanka central bank warns against use of cryptocurrency amid economic crisis

Sri Lanka has warned its citizens against using cryptocurrency, which it said is “largely unregulated” amid an ongoing political chaos in the South Asian nation. The country’s central bank, CBSL, said Tuesday it does not consider cryptocurrencies as legal tender in the country and reminded the country that it has not

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17 May 2022

Russia’s War on Ukraine Will Leave Scars on U.S., World Economies

Russia’s invasion of Ukraine has dealt a blow to the global economy—weakening the postpandemic recovery and aggravating already-high inflation. Even if the worst fears of rising geopolitical tensions and larger economic disruptions do not materialize, private forecasters anticipate an inflationary slump for the world economy. In this context, the U.S. economy

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09 May 2022

Sri Lanka’s prime minister resigns amid protests over economic crisis

After weeks of protests against the government, Sri Lankan Prime Minister Mahinda Rajapaksa has resigned. Rajapaksa resigned on Monday and the country has been in a state of civil unrest since March.  The protests at times had become violent as the public spoke out against the economic crisis ongoing in

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30 Nov 2021

Lebanese protesters block roads over economic meltdown

In Lebanon, thousands of demonstrators gathered to protest the country’s rampant economic struggles just days after the Lebanese pound sank to record lows. Lebanon’s economic crisis began in 2019 and has propelled more than three-quarters of the population below the poverty line. In just a few years, the local currency’s

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12 Jul 2021

Thousands rally against government in Cuba

Thousand of Cubans have joined together to stage some of the biggest protests in decades against the country’s Communist government. Marches occurred in cities across the country, including in the capital of Havana with demonstrators shouting phrases such as “down with the dictatorship.” Police met with protestors with pepper spray

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12 Jul 2021

Lebanon is days away from a ‘social explosion,’ prime minister warns

According to Lebanese Prime Minister Hassan Diab, the country is just days away from a disaster. The country’s economic crisis has deepened, with the local currency losing 90% of its value and 77% of households experiencing food shortages, according to the UN. Mr. Diab made the remarks during a meeting

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30 Jun 2021

Kim Jong Un Warns of Grave Covid-19 Situation in North Korea

North Korea’s Covid-19 situation has become grave, according to Kim Jong Un, who spoke at a Politburo meeting. Although the leader did not specify what exactly has gone wrong, it is clear that the country is struggling to keep outbreaks at bay. North Korea has reported zero Covid-19 cases and

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22 Sep 2020

In political turmoil and economic collapse, Lebanon could now be overwhelmed by Covid-19

in Lebanon, COVID-19 daily case reports are skyrocketing following a deadly blast that injured thousands and killed hundreds. Lebanon is currently facing an economic crisis and political turmoil. Re-imposing new lockdown measures to contain the spread of the virus could result in full economic collapse as well as severe political

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18 Jun 2020

Nationwide protests grip Lebanon as currency tanks

In Lebanon, anti-government protestors took over streets in multiple cities, setting up burning barricades and forcing road closures as the country enters a deep economic crisis and the currency is tanking. Some protestors largely hold the political elite responsible for the economic crisis, gathering outside their residences to chant against

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