Tag: crisis
Structural Strains Slam British Health Service
Staff shortages plague the National Health Service: 1 in every 13 posts for nurses, midwives, and health visitors remains vacant. With only days until the British government announces the much-anticipated Autumn Budget, the National Health Service (NHS) appears poised to secure a substantial share of funding. RELATED: U.S.-British Coalition Carries Out Airstrikes in Yemen Britain’s […]
October 27, 2024
Cuba: Prime Minister Manuel Marrero to Announce Urgent Energy Measures Amid Ongoing Crisis
Díaz-Canel emphasized that the current crisis is primarily due to “the intensification of the economic war and the financial and energy persecution by the United States.” Related: US Blockade Causes Cuba Losses of $5 Billion Per Year In a recent statement, Cuban President Miguel Díaz-Canel addressed the critical energy situation facing the country. He announced […]
October 17, 2024
Ecuador’s Power Cuts to Continue Until December
Blackouts have severely affected productivity, with business losses estimated at US$12 million for each hour of power outage. During this week, Ecuadorians will continue to experience severe power outages that are disrupting daily life and productive activities in a country whose economy will remain stagnant or decline this year. RELATED: Ecuador Decrees a New State […]
October 16, 2024
U.S. FED Cuts Rates by 50 Basis Points Amid Weakening Job Market
Since March 2022, the Federal Reserve had raised rates 11 times consecutively to combat inflation. Amid cooling inflation and a weakening labor market, the U.S. Federal Reserve on Wednesday cut interest rates by 50 basis points, a bolder move than many experts and media had previously anticipated. RELATED: Relatives of Victims of the U.S. Invasion […]
September 19, 2024
German Economic Outlook Remains Bleak
The German industrial economy is still not doing well,” said Laura Pagenhardt, a DIW economic expert. The latest economic barometer fell to 83.4 points in August, marking a nearly four-point decline from July and moving further away from the neutral 100-point mark that measures average economic growth, the Institute for Economic Research (DIW Berlin) said […]
August 29, 2024
Vladimir Putin and Mahmoud Abbas discuss the Gaza crisis and Zionist escalation
The Russian president recalled that Moscow has always advocated a peaceful solution to the Palestinian-Israeli conflict.
August 13, 2024
Migration Crisis: Two migrants die trying to cross the English Channel
French authorities add that about 50 people were rescued by helicopter and several boats were sent to the site.
August 11, 2024
California’s Job Growth Stagnates as Businesses Flee
Companies such as Tesla, Oracle, Hewlett Packard Enterprises, and Chevron have relocated their headquarters out of the state. On Wednesday, the Hoover Institution releases a report showing that California’s private sector job growth reached a virtual standstill, with only 5,400 jobs added in the state’s businesses between January 2022 and June 2024. RELATED: California Governor […]
August 10, 2024
US Unemployment Rate Rose to 4.3% in July
Nonfarm payroll employment edged up by 114,000 in July, below the average monthly gain of 215,000 over the prior 12 months. On Friday, the U.S. Labor Department reported that employers added only 114,000 jobs in July, raising unemployment to 4.3 percent and signaling a continuous cooling-down of the labor market. RELATED: The US National Debt […]
August 2, 2024
German Economy Dragged by Weak Growth, Rising Layoffs, Bankruptcies
According to the latest World Economic Outlook report, Germany’s economy is projected to grow by 0.2 percent in 2024. On Thursday, the Federal Statistical Office reported a 0.1 percent decline in the gross domestic product (GDP) for the second quarter, which marked a persisting economic stagnation amid high inflation, elevated interest rates, and weak export […]