The Nord Stream 1 pipeline, which carries gas from Russia to Europe, has been shut down after multiple leaks were discovered. This pipeline carries natural gas from Russia to the European Union. It supplies about 35% of the gas that the EU ...
The depletion of the country's foreign exchange reserves will increase external sector vulnerabilities. The euphoria that was generated by the large increase in these reserves over the past few years has started to fade. The factors that co...
China's economy is slowing down, with its annual growth rate falling to 0.4% in the April-June period, its lowest since 1992. The country's recovery is being hindered by the combination of COVID and the falling property market. Since the ou...
With its enormous potential to create jobs, tourism has grown to be a significant engine of the Saudi economy. As a result, Saudi Arabia has launched six significant projects to boost the travel and tourism sector. The National Transformati...
Liz Truss, the UK's foreign minister, was elected as the new leader of the country's Conservative Party. She will now be responsible for navigating the country's economic crisis. She will also be responsible for addressing the country's for...
China's approach to debt distress is generally to seek preferential treatment and negotiate with creditors in a more tailored manner. As Sri Lanka prepares to negotiate with its major creditors, including the International Monetary Fund, it...
The IPEF was launched on May 23, 2022 jointly by US and other countries of Indo Pacific region. It was initially composed of 14 founding member nations. Fiji was the first South Pacific Island nation to join the group. The invitation to oth...
In the past decade, China has lost growth in double-digits. In comparison to previous months, the GDP went down from April to June although it barely topped in the same quarter too. In this regard, economists are of the view that factories ...
The gig economy is expected to have a huge impact on the future of employment. As more people and businesses start to shift their focus to independent work, it will eventually make full-time employment obsolete. In India, the shift in work ...
In September 2021, China applied to join the Trans-Pacific Partnership, a free trade agreement among 11 countries. It was the country's first attempt to join a major trade pact since the US exited the project four years earlier. Although Ch...
The rising debt levels in South Asian countries are concerning and can trigger a debt crisis in the region. The countries Sri Lanka, Pakistan, Afghanistan and Myanmar are facing sovereign debt crises. Sri Lanka is a country that had faced d...
Many South Asian countries are currently experiencing an economic crisis. The economies of Sri Lanka, Pakistan, Bangladesh, and Nepal have been facing severe trouble. The number of South Asian economies in turmoil only increases if we inclu...
