Tag #Economic Crisis

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bbc.com

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Jan 31, 10:10

Sri Lanka to Resume Some Vehicle Imports After Economic Crisis

Sri Lanka is resuming imports of buses, trucks, and utility vehicles on February 1st, gradually lifting restrictions imposed during a severe economic crisis that toppled the president in 2022; however, high taxes and a weak currency mean that many Sri Lankans will struggle to afford new vehicles.

Sri Lanka to Resume Some Vehicle Imports After Economic Crisis

Sri Lanka is resuming imports of buses, trucks, and utility vehicles on February 1st, gradually lifting restrictions imposed during a severe economic crisis that toppled the president in 2022; however, high taxes and a weak currency mean that many Sri Lankans will struggle to afford new vehicles.

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What are the immediate economic impacts of Sri Lanka resuming vehicle imports after its economic crisis?

Sri Lanka will resume vehicle imports, starting with buses, trucks, and utility vehicles on February 1st. This follows a severe economic crisis that led to import bans and a currency shortage. Restrictions on other vehicles will be gradually lifted.

dw.com

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Jan 29, 19:11

German Businesses Sound Alarm Over Shrinking Economy

German businesses are demanding lower energy prices, reduced bureaucracy, and more investment incentives to counter the shrinking economy, rising unemployment, and loss of global competitiveness, culminating in a planned January 29th nationwide protest.

German Businesses Sound Alarm Over Shrinking Economy

German businesses are demanding lower energy prices, reduced bureaucracy, and more investment incentives to counter the shrinking economy, rising unemployment, and loss of global competitiveness, culminating in a planned January 29th nationwide protest.

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How are the rising energy costs and the transition to a climate-neutral economy affecting German businesses' competitiveness on a global scale?

Germany's economic model, historically reliant on cheap energy and foreign materials, is facing challenges. The war in Ukraine caused energy price spikes and inflation, impacting energy-intensive industries. Additionally, the transition to a climate-neutral economy presents further obstacles, leading businesses to seek more favorable production locations abroad.

dw.com

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Jan 29, 19:11

North Macedonia Faces Nationwide Market Boycott Amidst Soaring Food Prices

North Macedonian citizens are organizing a nationwide boycott of markets on January 31st to protest high food prices, prompting the government to launch investigations into potential retailer exploitation; similar boycotts are planned in neighboring countries.

North Macedonia Faces Nationwide Market Boycott Amidst Soaring Food Prices

North Macedonian citizens are organizing a nationwide boycott of markets on January 31st to protest high food prices, prompting the government to launch investigations into potential retailer exploitation; similar boycotts are planned in neighboring countries.

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No Poverty

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What is the immediate impact of the planned boycott on January 31st on North Macedonian retailers and consumers?

A boycott of shops is gaining traction in North Macedonia due to soaring food prices. Citizens are organizing a one-day boycott on January 31st, distributing flyers and garnering support from consumer organizations. The government is responding by launching inspections to curb potential exploitation by retailers.

lentreprise.lexpress.fr

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Jan 28, 16:13

US Debt Ceiling Crisis: Trump's Emergency Measures and Tariff Hike

Facing a debt ceiling crisis exceeding $36.1 trillion, the US is implementing temporary spending cuts to avoid default. President Trump, upon inauguration, announced a 25% tariff hike on Mexican and Canadian goods and established a new "Government Efficiency" ministry headed by Elon Musk to cut fede...

US Debt Ceiling Crisis: Trump's Emergency Measures and Tariff Hike

Facing a debt ceiling crisis exceeding $36.1 trillion, the US is implementing temporary spending cuts to avoid default. President Trump, upon inauguration, announced a 25% tariff hike on Mexican and Canadian goods and established a new "Government Efficiency" ministry headed by Elon Musk to cut fede...

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What immediate actions are being taken to prevent a US debt default, and what are the potential short-term consequences if Congress fails to act?

The US has exceeded its $36.1 trillion debt ceiling, prompting emergency measures to avoid default. These include temporary suspensions of some government payments, though officials assure retirees and public employees won't be affected. Congress must act quickly to raise or suspend the debt ceiling, a measure it has taken over 78 times since 1960.

dw.com

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Jan 27, 22:08

German Businesses Demand Policy Overhaul Amidst Economic Crisis

German businesses are demanding significant policy changes from the next federal government to address economic contraction, rising unemployment, and increased global competition, culminating in a nationwide day of action on January 29th, 2025, ahead of the crucial February 23rd election.

German Businesses Demand Policy Overhaul Amidst Economic Crisis

German businesses are demanding significant policy changes from the next federal government to address economic contraction, rising unemployment, and increased global competition, culminating in a nationwide day of action on January 29th, 2025, ahead of the crucial February 23rd election.

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How will the rising energy costs and increased global competition influence the future of "Made in Germany" products?

Germany's economic model, historically based on low-cost imports and high-value "Made in Germany" exports, is facing challenges due to rising energy prices (driven by the war in Ukraine and the energy transition), inflation, and increased competition. Businesses are calling for a change in economic policy, evidenced by a planned national day of action on January 29th. This reflects a serious economic turning point and significant loss of economic substance.

kathimerini.gr

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Jan 26, 22:08

Greece's unsustainable early retirement trend deepens pension crisis

In 2024, Greece received 201,000 early retirement applications, continuing a trend of high early retirement numbers that began in 2021 and significantly exceeds the birth rate, creating a massive imbalance in the pension system and contributing to Greece's growing debt.

Greece's unsustainable early retirement trend deepens pension crisis

In 2024, Greece received 201,000 early retirement applications, continuing a trend of high early retirement numbers that began in 2021 and significantly exceeds the birth rate, creating a massive imbalance in the pension system and contributing to Greece's growing debt.

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What are the main factors contributing to the increasing number of early retirement applications in Greece?

Over the past five years, Greece has added 1 million new pensioners while approximately 670,000 people died. This, coupled with 600,000 fewer births than new pensioners over the same period, creates a massive imbalance in the pension system. The large number of early retirements, particularly those granted through the use of "fictitious years" of work, significantly exacerbates this issue.

dw.com

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Jan 29, 13:10

Germany's Economic Crisis: A Looming Election

Germany's economy is facing a severe crisis, with shrinking production, rising unemployment, and businesses relocating abroad due to high energy costs, excessive bureaucracy, and inflexible labor laws; the upcoming election will determine the country's economic future.

Germany's Economic Crisis: A Looming Election

Germany's economy is facing a severe crisis, with shrinking production, rising unemployment, and businesses relocating abroad due to high energy costs, excessive bureaucracy, and inflexible labor laws; the upcoming election will determine the country's economic future.

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What immediate steps must Germany's next government take to address its shrinking economy and regain global competitiveness?

Germany's economy is shrinking, with unemployment rising and investors moving away due to high energy costs, excessive bureaucracy (€65 billion annually), and inflexible labor laws. This has led to reduced production, fewer exports, and a decline in Germany's global competitiveness.

dailymail.co.uk

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Jan 29, 22:11

California's Housing Crisis Worsened by Wildfires

California's housing market faces a 'triple threat' of high prices, interest rates, and insurance costs, worsened by recent wildfires causing \$28 billion in uninsured losses and leading to opportunistic rent hikes of up to 134%.

California's Housing Crisis Worsened by Wildfires

California's housing market faces a 'triple threat' of high prices, interest rates, and insurance costs, worsened by recent wildfires causing \$28 billion in uninsured losses and leading to opportunistic rent hikes of up to 134%.

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How have recent wildfires in California exacerbated the existing housing crisis and contributed to the rise in rental costs?

The confluence of high housing costs, increased interest rates, and rising insurance premiums creates an unprecedented economic challenge in California. Wildfires have worsened this crisis, displacing residents and driving up rental prices significantly, as seen in some areas with 134% increases. This triple threat is impacting the state's ability to recover from the recent devastation.

zeit.de

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Jan 29, 16:12

Schleswig-Holstein Faces €1.15 Billion Budget Deficit, Increases Debt to Over €32 Billion

Schleswig-Holstein's 2025 budget reveals a €1.15 billion deficit, to be covered mostly by new loans totaling €908 million, pushing the state's debt over €32 billion, despite planned structural spending cuts of €217 million, with significant implications for the state's future financial health and so...

Schleswig-Holstein Faces €1.15 Billion Budget Deficit, Increases Debt to Over €32 Billion

Schleswig-Holstein's 2025 budget reveals a €1.15 billion deficit, to be covered mostly by new loans totaling €908 million, pushing the state's debt over €32 billion, despite planned structural spending cuts of €217 million, with significant implications for the state's future financial health and so...

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What is the primary financial challenge facing Schleswig-Holstein, and what are its immediate consequences?

The Schleswig-Holstein state budget for 2025 projects €17.91 billion in expenditures against €16.76 billion in revenues, resulting in a €1.15 billion deficit. This shortfall will be covered primarily through new loans, increasing the state's debt to over €32 billion. The government aims to structurally reduce spending to achieve balanced budgets in the future.", A2="The budget includes €908 million in net new debt and a €272 million emergency loan. The state's reliance on new loans to address the deficit has drawn criticism from the state auditor, who points to a structural deficit that the government is only partially addressing with spending cuts. This is particularly concerning given increasing interest rates, which further constrain the state's financial maneuvering room.", A3="The state's financial challenges are exacerbated by a large contribution to the financially troubled Swedish battery manufacturer Northvolt (€137 million direct funding plus a €300 million default guarantee). The success of Northvolt's restructuring under US bankruptcy law will significantly impact Schleswig-Holstein's financial position, with potential for substantial losses or partial recovery of the funds. The government's emphasis on structural spending cuts will likely lead to continued social and political tensions.", Q1="What is the primary financial challenge facing Schleswig-Holstein, and what are its immediate consequences?", Q2="How does the Schleswig-Holstein government plan to address the budget deficit, and what are the potential long-term implications of this approach?", Q3="What are the risks and uncertainties associated with the state's investment in Northvolt, and how might these affect future budget planning and social programs?", ShortDescription="Schleswig-Holstein's 2025 budget reveals a €1.15 billion deficit, to be covered mostly by new loans totaling €908 million, pushing the state's debt over €32 billion, despite planned structural spending cuts of €217 million, with significant implications for the state's future financial health and social programs, and further complicated by a major investment in the financially struggling Northvolt.", ShortTitle="Schleswig-Holstein Faces €1.15 Billion Budget Deficit, Increases Debt to Over €32 Billion"))

lexpress.fr

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Jan 28, 22:12

US Debt Ceiling Breach Prompts Emergency Measures, Trump Acts

The US exceeded its $36.1 trillion debt ceiling, prompting emergency measures to avoid default, including temporary benefit payment halts. President Trump, upon inauguration, imposed tariffs and established a 'Government Efficiency' ministry to cut spending. Congress must raise or suspend the debt c...

US Debt Ceiling Breach Prompts Emergency Measures, Trump Acts

The US exceeded its $36.1 trillion debt ceiling, prompting emergency measures to avoid default, including temporary benefit payment halts. President Trump, upon inauguration, imposed tariffs and established a 'Government Efficiency' ministry to cut spending. Congress must raise or suspend the debt c...

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How have past debt ceiling debates contributed to the current crisis, and what broader economic implications does the situation have?

This debt ceiling crisis reflects a long-standing issue; Fitch downgraded the US credit rating in August 2023 due to repeated last-minute debt limit resolutions. The near-shutdown in late 2024 further highlights the recurring nature of this problem. The current situation underscores the fragility of the US financial system and its susceptibility to political gridlock.

dw.com

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Jan 27, 22:08

German Auto Industry Crisis: Subsidy Chaos and US Tariffs Threaten Economic Stability

Germany's auto industry is facing a crisis due to a slump in electric vehicle sales, inconsistent government subsidies, high energy costs, and potential US tariffs, creating uncertainty and threatening the nation's economic stability.

German Auto Industry Crisis: Subsidy Chaos and US Tariffs Threaten Economic Stability

Germany's auto industry is facing a crisis due to a slump in electric vehicle sales, inconsistent government subsidies, high energy costs, and potential US tariffs, creating uncertainty and threatening the nation's economic stability.

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Industry, Innovation, and Infrastructure

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What are the immediate consequences of the German auto industry's struggles, and how significantly does this impact the nation's economy?

Germany's auto industry faces a slump in electric vehicle sales due to inconsistent government policies on subsidies and high energy costs, impacting competitiveness and profitability.

forbes.com

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Jan 25, 04:08

1907 Banking Panic: Government Policy and the Birth of the Federal Reserve

The 1907 US banking panic, triggered by insufficient bank reserves due to government regulations mandating high federal bond holdings, resulted in the creation of the Federal Reserve System.

1907 Banking Panic: Government Policy and the Birth of the Federal Reserve

The 1907 US banking panic, triggered by insufficient bank reserves due to government regulations mandating high federal bond holdings, resulted in the creation of the Federal Reserve System.

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How did government policies contribute to the 1907 banking crisis?

The crisis stemmed from government policies requiring banks to hold substantial federal bonds as reserves, creating a shortage of funds when these bonds were scarce. This shortage, coupled with factors like harvest financing and the impact of the 1906 San Francisco earthquake, triggered the panic.

Showing 217 to 228 of 395 results