Tag: recessions and depressions
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Weary Malawians look to this week’s presidential election as nation grapples with an economic crisis
Malawi is to hold a presidential election this week as the impoverished African nation grapples with an economic crisis and food and fuel shortages
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Once-booming Santa Monica faces a dire fiscal crisis. The surprising way it got there
LOS ANGELES — Santa Monica, long a beacon of economic strength in Southern California, has endured its share of struggles in recent years. Its once-bustling downtown shopping district has taken a post-pandemic hit, with the Third Street Promenade in need of reinvention and the upscale Santa Monica Place mall about to lose its anchor Nordstrom.…
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Saudi Arabia to supply Syria with 1.65 million barrels of crude to aid civil war recovery
Saudi Arabia says it will supply Syria with 1.65 million barrels of crude to help the country rebuild its economy and infrastructure after a nearly 14-year civil war
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Another island-wide blackout in Cuba, as power grid collapses amid energy crisis
In what has turned into a regular occurrence, Cuba’s power grid collapsed on Wednesday morning, another in a series of electricity outages in the past year across the entire island. The National Electric Union, or UNE, the state’s electricity company, announced on its social media accounts that “a complete shutdown of the national electricity grid”…
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France’s finances are in turmoil. Here’s how it came to this
France’s finances and politics are in turmoil
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Macron looks for a new premier following Bayrou’s ouster in vote
PARIS — French President Emmanuel Macron will appoint a new prime minister within days, after the current premier lost a confidence vote in the lower house of parliament. Prime Minister Francois Bayrou is formally presenting his resignation to Macron on Tuesday. Whoever Macron picks as his successor will need to assemble a government and then…