Tag #Economic Crisis

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aljazeera.com

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Mar 21, 16:11

Tunisia's President Replaces Prime Minister Amidst Economic and Migrant Crises

Tunisian President Kais Saied fired Prime Minister Kamel Maddouri on Thursday, replacing him with Sara Zaafarani, Tunisia's second female prime minister, amid economic and political crises, including a severe public finance crisis leading to shortages of key commodities and a migrant crisis involvin...

Tunisia's President Replaces Prime Minister Amidst Economic and Migrant Crises

Tunisian President Kais Saied fired Prime Minister Kamel Maddouri on Thursday, replacing him with Sara Zaafarani, Tunisia's second female prime minister, amid economic and political crises, including a severe public finance crisis leading to shortages of key commodities and a migrant crisis involvin...

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How do the ongoing migrant crisis and the deterioration of public services in Tunisia contribute to the political instability and the need for governmental changes?

Saied's dismissal of Maddouri and appointment of Zaafarani reflect his efforts to stabilize Tunisia's economy and address the growing migrant crisis. The high expectations of the Tunisian people, coupled with a deteriorating public service sector and economic stagnation (growth not exceeding 1.4 percent in the past year), necessitated this change. Saied's actions are also in response to public complaints about deteriorating public services, from health and transport to utilities.

dw.com

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Mar 20, 01:12

Argentina Approves New IMF Loan Amidst Protests

The Argentine Congress approved a new IMF loan of unspecified amount on March 19, 2025, to address economic instability and strengthen reserves, amidst protests against President Milei's austerity measures, adding to Argentina's $44 billion debt.

Argentina Approves New IMF Loan Amidst Protests

The Argentine Congress approved a new IMF loan of unspecified amount on March 19, 2025, to address economic instability and strengthen reserves, amidst protests against President Milei's austerity measures, adding to Argentina's $44 billion debt.

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What are the underlying causes of the social unrest accompanying the IMF loan approval in Argentina?

This new IMF loan is intended to strengthen Argentina's reserves and stabilize its economy, addressing market nervousness and the central bank's intervention to support the peso. The central bank recently spent $932 million (3.4% of its reserves) to prop up the peso. Opposition concerns center on the potential for capital flight, despite government assurances that the loan will support economic stability.

nrc.nl

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Mar 20, 07:13

SME Survival During Crises: Resilience of Owners Trumps Financial Health

A Leiden University study found that the resilience of business owners, exceeding financial health, significantly impacts SMEs' survival during crises; this resilience incorporates their response to setbacks and support networks, influencing future lending models.

SME Survival During Crises: Resilience of Owners Trumps Financial Health

A Leiden University study found that the resilience of business owners, exceeding financial health, significantly impacts SMEs' survival during crises; this resilience incorporates their response to setbacks and support networks, influencing future lending models.

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How do the personal characteristics of business owners affect the survival rates of SMEs during economic crises?

A Leiden University study reveals that during crises, the resilience of business owners significantly impacts a small or medium-sized enterprise's survival, exceeding the traditional focus on financial health. This resilience encompasses their response to setbacks and their support networks.

lemonde.fr

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Mar 20, 10:09

French Real Estate Faces Tax Hikes and Investment Slowdown

The end of France's "Pinel" tax incentive in 2024, coupled with potential tax increases and stricter regulations on seasonal rentals, is impacting real estate investments, with sales of older homes down over 30% and new housing construction halved since 2022.

French Real Estate Faces Tax Hikes and Investment Slowdown

The end of France's "Pinel" tax incentive in 2024, coupled with potential tax increases and stricter regulations on seasonal rentals, is impacting real estate investments, with sales of older homes down over 30% and new housing construction halved since 2022.

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Sustainable Cities and Communities

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How have recent changes to regulations for seasonal rentals and furnished rentals affected real estate investors in France?

The French real estate market faces a crisis, with insufficient housing construction and contrasting price trends. Tax changes, including the end of the Pinel scheme and stricter rules for furnished rentals, have reduced investment appeal. Experts are concerned that real estate is becoming a primary source of taxation rather than a subject of public policy.

elpais.com

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Mar 19, 01:12

Argentina's IMF Bailout Uncertainty Fuels Market Anxiety

Argentina's Economy Minister Luis Caputo announced that the IMF bailout amount is still undefined, contradicting his prior statement; this fueled market anxiety, causing the country risk rating to surge to its highest since November 2022 and increasing financial dollar exchange rates.

Argentina's IMF Bailout Uncertainty Fuels Market Anxiety

Argentina's Economy Minister Luis Caputo announced that the IMF bailout amount is still undefined, contradicting his prior statement; this fueled market anxiety, causing the country risk rating to surge to its highest since November 2022 and increasing financial dollar exchange rates.

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What are the immediate economic consequences of Argentina's delayed IMF agreement?

Argentina's Economy Minister, Luis Caputo, announced that the IMF bailout amount remains undefined, contradicting his previous statement. This uncertainty caused a surge in Argentina's country risk rating to its highest since November 2022 and increased financial dollar exchange rates. Investors anticipate the IMF aid will remove currency restrictions but await clarification on a potential peso devaluation.

zeit.de

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Mar 18, 16:10

Hessian Chemical Industry Faces Revenue Drop Amidst Pharmaceutical Growth, US Trade Tensions

The Hessian chemical industry faced an 11% revenue drop to extasciitilde13.2 billion euros in 2024, while pharmaceutical sales grew by 8% to extasciitilde18 billion euros; however, this is threatened by potential US trade conflicts, impacting exports of approximately 3 billion euros; despite this, 1...

Hessian Chemical Industry Faces Revenue Drop Amidst Pharmaceutical Growth, US Trade Tensions

The Hessian chemical industry faced an 11% revenue drop to extasciitilde13.2 billion euros in 2024, while pharmaceutical sales grew by 8% to extasciitilde18 billion euros; however, this is threatened by potential US trade conflicts, impacting exports of approximately 3 billion euros; despite this, 1...

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What are the most significant immediate impacts of the economic crisis on the Hessian chemical industry?

The Hessian chemical industry experienced an 11 percent drop in revenue in 2024, reaching extasciitilde13.2 billion euros, while production fell by over 2 percent. This follows a 28 percent production decrease since 2021, leading to reduced investments, scaled-back production, and job cuts.

lemonde.fr

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Mar 21, 10:12

Tunisian President Dismisses Prime Minister Amid Political Tensions and Economic Crisis

Tunisian President Kais Saied unexpectedly dismissed Prime Minister Kamel Madouri on March 21st, 2025, replacing him with Sarra Zaafrani Zenzri, the second woman to hold the position, amid a tense political climate and significant economic challenges, including 16% unemployment and 0.4% growth in 20...

Tunisian President Dismisses Prime Minister Amid Political Tensions and Economic Crisis

Tunisian President Kais Saied unexpectedly dismissed Prime Minister Kamel Madouri on March 21st, 2025, replacing him with Sarra Zaafrani Zenzri, the second woman to hold the position, amid a tense political climate and significant economic challenges, including 16% unemployment and 0.4% growth in 20...

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Peace, Justice, and Strong Institutions

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What are the immediate consequences of the unexpected dismissal of Tunisia's Prime Minister?

Tunisian President Kais Saied dismissed Prime Minister Kamel Madouri on March 21st, 2025, replacing him with Sarra Zaafrani Zenzri. This follows a similar late-night dismissal of the finance minister in February. No official reasons were given for Madouri's removal.

lexpress.fr

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Mar 20, 04:12

Argentina's Parliament Approves IMF Loan Amidst Social Unrest

The Argentine Chamber of Deputies approved a 10-year loan from the IMF to manage its $44 billion debt, amidst protests against austerity measures impacting retirees' purchasing power, following a week of violent clashes.

Argentina's Parliament Approves IMF Loan Amidst Social Unrest

The Argentine Chamber of Deputies approved a 10-year loan from the IMF to manage its $44 billion debt, amidst protests against austerity measures impacting retirees' purchasing power, following a week of violent clashes.

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What immediate economic impact is expected from the approved IMF loan for Argentina?

The Argentine Chamber of Deputies approved a 10-year loan, the amount yet unknown, with 129 votes in favor and 108 against. This loan is intended to help Argentina manage its $44 billion debt to the IMF, a legacy of a 2018 loan. Simultaneous protests occurred, focusing on reduced purchasing power for retirees due to inflation and austerity.

dw.com

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Mar 20, 01:12

Bolivian Protests Erupt Amidst Fuel Shortages and Soaring Inflation

On March 19, 2025, thousands of Bolivians protested in La Paz and El Alto due to severe fuel and dollar shortages, causing roadblocks and highlighting 12.03% annual inflation—the highest since 2008—with 66% of gas stations lacking fuel this week.

Bolivian Protests Erupt Amidst Fuel Shortages and Soaring Inflation

On March 19, 2025, thousands of Bolivians protested in La Paz and El Alto due to severe fuel and dollar shortages, causing roadblocks and highlighting 12.03% annual inflation—the highest since 2008—with 66% of gas stations lacking fuel this week.

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What are the underlying causes of Bolivia's economic crisis, and how have these issues escalated to widespread protests?

The protests highlight Bolivia's ongoing economic crisis stemming from a US dollar shortage since 2023. Depleted international reserves limit fuel imports, impacting subsidized prices and causing widespread shortages. The government's recent measures, including school closures and public transport reductions, aim to curb fuel consumption.

dailymail.co.uk

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Mar 19, 07:13

Tesla Investor Calls for Musk's Resignation Amidst Stock Plunge and Brand Crisis

Tesla investor Ross Gerber called for Elon Musk's resignation as CEO due to plummeting stock prices (down 53% since December, $800 billion market value loss), negative brand perception, and sales decline amidst protests and vandalism against Tesla following Musk's government actions under the Trump ...

Tesla Investor Calls for Musk's Resignation Amidst Stock Plunge and Brand Crisis

Tesla investor Ross Gerber called for Elon Musk's resignation as CEO due to plummeting stock prices (down 53% since December, $800 billion market value loss), negative brand perception, and sales decline amidst protests and vandalism against Tesla following Musk's government actions under the Trump ...

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What is the immediate impact of the plummeting Tesla stock price and the calls for Elon Musk's resignation?

A major Tesla investor, Ross Gerber, called for Elon Musk's resignation as CEO, citing plummeting stock prices (down 53% since December, an $800 billion market value loss) and reputational damage. Gerber argues Musk's involvement in other ventures (DOGE, X) and divisive actions have negatively impacted Tesla's sales and brand perception. He's already begun selling his Tesla shares.

kathimerini.gr

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Mar 18, 16:10

Russia's Economy: A Cocaine-Fueled Illusion

Despite Russia's reported economic growth in 2023 and 2024, its reliance on massive military spending masks underlying vulnerabilities, including high corporate debt and a severe labor shortage, increasing the likelihood of a post-conflict economic crisis.

Russia's Economy: A Cocaine-Fueled Illusion

Despite Russia's reported economic growth in 2023 and 2024, its reliance on massive military spending masks underlying vulnerabilities, including high corporate debt and a severe labor shortage, increasing the likelihood of a post-conflict economic crisis.

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How does Russia's severe labor shortage exacerbate the risks of a post-conflict economic crisis?

The current economic situation is unsustainable. High corporate debt (increased by 18% in 2023 and 2024) fueled by subsidized loans to the defense sector (16% of bank portfolios) creates a high risk of post-war bankruptcies if military spending declines. Simultaneously, Russia faces a severe labor shortage (1.6 million unfilled jobs) worsened by the mobilization of 600,000 workers into the military, many lacking skills for civilian jobs.

zeit.de

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Mar 17, 13:15

Dual Employment Soars in Germany Amidst Economic Crisis

Subramaniam M., 54, works two jobs in Iserlohn, Germany—a metal factory and a snack bar—to support his family, reflecting a record 3.5 million Germans holding secondary jobs in 2023 due to rising living costs and stagnant wages, particularly impacting low-wage earners and exacerbating existing socia...

Dual Employment Soars in Germany Amidst Economic Crisis

Subramaniam M., 54, works two jobs in Iserlohn, Germany—a metal factory and a snack bar—to support his family, reflecting a record 3.5 million Germans holding secondary jobs in 2023 due to rising living costs and stagnant wages, particularly impacting low-wage earners and exacerbating existing socia...

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What specific factors, such as rising living costs, stagnant wages, or insecure employment, contribute to the increasing number of people in Germany needing multiple jobs to survive?

The case of the M. family exemplifies a broader societal issue in Germany: the increasing number of people working multiple jobs due to rising living costs and stagnant wages. The 2023 statistic of 3.5 million people holding secondary jobs underscores the severity of this trend, particularly impacting low-wage earners.

Showing 13 to 24 of 285 results