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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12 Jun 2020

Lebanon protests escalate as currency dives

In Lebanon, protests have ensued for several days, escalating over time, after they were paused for three months due to the COVID-19 lockdown. Hundreds of people have taken to the streets across Lebanon as the country fights the collapse of its currency. Public unrest has skyrocketed as the Lebanese pound

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27 May 2020

Coronavirus: Von der Leyen calls €750bn recovery fund Europe’s moment

The EU’s Executive Commission has proposed a major $825 billion recovery fund to tackle economic issues caused by COVID-19 lockdowns. The package will be made of up grants and loans for all EU member states. Economies across the EU have been devastated by the COVID-19 pandemic, and Commission President Ursula

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18 May 2020

Coronavirus: Global push for inquiry into Covid-19 response

Today, 194 member states of the World Health Organization will meet virtually, aiming to open an independent review of the response to the COVID-19 pandemic. The WHO will face questions on how it dealt with the outbreak and spread of the virus and Chinese President Xi Jinping talked during the

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08 May 2020

Coronavirus: Pandemic sends US jobless rate to 14.7%

In April, the US unemployment rate has reached 14.7%, higher than that experienced during the Great Depression of the 1930s, with 20.5 million jobs lost due to the coronavirus pandemic. Two months ago, the unemployment rate hit a 50-year low, experiencing a 3.5% jobless rate. On Thursday, released data showed

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05 May 2020

Coronavirus: US to borrow record $3tn as spending soars

The US has stated that it plans to borrow a record $3 trillion in the second quarter of 2020 to combat the risks presented by COVID-19. Coronavirus-related rescue packages have blown up the federal spending budget as the country tries to aid businesses struggling financially due to lockdown closures. The

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24 Apr 2020

Virus pushes US unemployment toward highest since Depression

The United State’s unemployment levels are nearing those seen during the Great Depression of the 1930s. Currently, 1 in 6 American workers have been temporarily laid off due to the current COVID-19 pandemic, according to new data released on Thursday. The deepening economic crisis caused Congress to pass a $500

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14 Jan 2019

Cyberattack on Treasury bonds could be the missing ingredient for next economic crisis

New research shows that the massive increase in government debt in the US and other countries since the financial crisis of 2007-2009, has created a situation in which a targeted cyber attack could propel the global economy into crisis. The weak link that threat actors could attack to seriously damage the

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20 Sep 2018

Turkey slashes investment requirements for citizenship

Faced with a crumbling economy, a currency that has lost 40% of its value, and unsuccessful efforts by the central bank to stop the spiral, Turkey has reduced requirements for investors seeking citizenship. The state reduced the amount of capital investment required for citizenship from $2 million USD to $500,000

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