Headlines- On Monday at 14:00 GMT, the US military says it would start blockading Iranian ports, preventing ships from entering or leaving Iran from passing through the Strait of Hormuz.
- In the southern town of Biyyada, Hezbollah claims that its men have attacked Israeli soldiers with "a swarm of attack drones."
- US President Donald Trump's threat to block the Strait of Hormuz was deemed "ridiculous" by Iran's navy chief, Shahram Irani.
- Any military ships approaching the Strait of Hormuz "will be considered a violation of the ceasefire and will be met with severe force," according to a statement released on Sunday by Iran's Islamic Revolutionary Guard Corps (IRGC).
- The speaker of Iran's parliament Mohammad Baqer Ghalibaf is leading the delegation that has arrived to Pakistan for talks with the United States.
- Nawaf Salam, the prime minister of Lebanon, stated that he was working to ensure the withdrawal of Israeli forces and to put an end to the Israel-Hezbollah conflict.
- Viktor Orban, the longtime prime minister of Hungary, has conceded defeat to Peter Magyar in the country's legislative election.
Tag: Inflation
Charities in Pakistan Burdened by Record...
Pakistanis traditionally give generously to charities, yet the majority do not pay taxes. The pressure is now on charities as donations drop in the face of record-breaking 38% inflation. Meanwhile, poor tax collection hurts economic growth and forces more people to rely on charity.
Raising Concerns About Inflation in Nigeria
President of Nigeria, Bola Tinubu, announced after taking office on May 29 that he would soon end a long-standing fuel subsidy since the country could no longer afford the cost. His comments sparked a gas buying frenzy and raised inflation concerns in one of Africa’s top oil-producing countries.
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.
New York City’s Food Businesses Struggle...
On Wall Street, concerns of a recession have grown as inflation in the US has reached a 40-year high. However, it seems that the majority of the cost of increased prices is being borne by customers and small businesses
Skyrocketing Rice Prices Another Hardship for...
The price of rice, a food staple in Southeast Asia, and other commodities has shot up as much as 50 percent over the last two months in Myanmar, another hardship for the country’s beleaguered citizens, many of whom have already had to flee their homes because of ongoing conflict, traders and consumers said
At Bangladesh Food Markets,People Feel Oinch...
Bangladeshis say they are suffering from inflated costs for food and gas after the government imposed a steep hike on fuel prices last week, an overnight move that has deepened economic discontent and spurred street protests in the South Asian nation
Soaring Cooking Gas Prices in India...
After the government provided subsidies for cooking gas connections, millions of poor rural households in India switched to using cleaner energy in their kitchens. However, rising fuel prices are posing a challenge to the programme, which is aimed at addressing the serious health risks posed by indoor air pollution
Turkey’s High Inflation Disrupts Ramadan Celebrations
Due to Turkey’s high inflation rate, Muslim worshippers in the southeastern city of Diyarbakir say they are unable to purchase vital groceries for Ramadan celebrations
Women-Only Farmers Market Vendors Feel the...
Diyarbakir, Turkey’s women-only farmers market, is a unique place.Women,many of whom are divorced or abuse survivors, can start over here. However, Turkey’s economic woes are making life much more tough for them