Headlines- A shooting that took place early on Sunday on a pedestrian promenade near to the University of Iowa campus in downtown Iowa City injured at least three students.
- After issuing warnings, Iranian forces turned back two tankers that were trying to pass through the Strait of Hormuz, citing the ongoing US maritime blockade as the reason.
- Iran claimed that since the war with the US and Israel started on February 28, over 3,400 people had died.
- On Saturday night, the Islamic Revolutionary Guard Corps (IRGC) of Iran threatened to strike any ship that approached the Strait of Hormuz.
- India's Ministry of External Affairs called the Iranian ambassador to India to discuss the "serious incident" involving two Indian-flagged ships that were fired upon on Saturday in the Strait of Hormuz.
- Iran said that it is examining fresh U.S. proposals that were communicated through Pakistan's mediators, but it has not yet responded.
- Hezbollah leader Naim Qassem vowed on Saturday that his fighters would retaliate against Israeli attacks on Lebanon and stated that the current 10-day ceasefire with Israel cannot be one-sided.
Tag: Economy
Timor-Leste Seeks Economic Lifeline as Oil...
Timor-Leste, also known as East Timor, has made significant strides since its tumultuous birth in 2002, but the economic impact of the plunder of resources of centuries of Portuguese colonial rule and the looting, pillage, and large-scale destruction of property during a 24-year Indonesian occupation can still be felt today.
Despite Tentative Recovery, Millions in Sri...
Sri Lanka has passed the worst of the crisis a year after the island nation’s economic collapse led to the appointment of a new government. But as Anjana Pasricha reports, millions of people in Sri Lanka continue to experience hardship, so the country’s economic problems are far from over.
In Lebanon, Packed Restaurants Conceal A...
On paper, Lebanon appears to be going thru one of the most critical economic crises in the last 150 years. Many people are now fallen into poverty.However, as the summer season begins, bars and restaurants are busier than ever, puzzling economists and exposing the growing disparity between the rich and the poor.
Rippling Global Banking Worries
From New York to Beijing, concerns over recent bank collapses and bailouts are affecting the world’s economy, and central bankers are trying to calm depositors and the financial markets. Silicon Valley Bank, a significant player in the IT sector, collapsed earlier this month.
High Inflation Effects Common People and...
According to Pakistan media reports, the price of consumables has climbed by 20 to 31%, and Pakistan’s poverty rate has increased by 35.7%.The cost of basic necessities is once more burning a large hole in the Pakistani average person’s pocket.
IMF Provisionally Agrees to Loan Bangladesh...
The International Monetary Fund announced Wednesday that it had preliminarily agreed to give Bangladesh a U.S. $4.5 billion loan to help its economy stay afloat amid high inflation and challenges posed by climate change.
Skilled,Educated South Africans Leaving the Country...
According to South African surveys, graduates and high earners are increasingly packing their bags and moving overseas as a result of the country’s struggling economy. South Africa’s tax revenue is being affected by the brain and wealth drain, which analysts warn may thwart government plans to distribute more wealth to those who are socially and economically marginalised
Economists say China’s Investment Model in...
Despite the debt load it places on many countries, economists believe China’s investment model in Africa is gaining public support. The United States’ multibillion-dollar investments in Africa, according to economists and locals, are less apparent and have a less influence on people’s daily lives