Tag #Economic Crisis

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nos.nl

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Aug 5, 01:13

39% US Tariff Slams Swiss Economy; Market Plunges

The U.S. imposed a 39% import tariff on Swiss goods, causing a 1.8% drop in the Swiss SMI stock market index and prompting a government crisis response, particularly impacting luxury goods exporters, with negotiations ongoing before the tariffs take effect on Thursday.

39% US Tariff Slams Swiss Economy; Market Plunges

The U.S. imposed a 39% import tariff on Swiss goods, causing a 1.8% drop in the Swiss SMI stock market index and prompting a government crisis response, particularly impacting luxury goods exporters, with negotiations ongoing before the tariffs take effect on Thursday.

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What are the immediate economic consequences of the 39% U.S. import tariff on Swiss goods?

The U.S. imposed a 39% import tariff on Swiss goods, causing the Swiss SMI stock market index to open 1.8% lower. This unexpected tariff has prompted a crisis response from the Swiss government, with fears of an economic crisis although the market has since partially recovered. The high tariff particularly affects Swiss luxury goods exporters like Swatch and Richemont.

english.elpais.com

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Jul 31, 19:17

Haiti's Crisis: Violence, Poverty, and the Struggle for Recovery

Haiti faces a severe crisis with 8,700 deaths from violence (early 2024-June 2025), 26.9% inflation, and five years of declining GDP; international banks are developing recovery plans, but implementation is hindered by gang control of 90% of Port-au-Prince.

Haiti's Crisis: Violence, Poverty, and the Struggle for Recovery

Haiti faces a severe crisis with 8,700 deaths from violence (early 2024-June 2025), 26.9% inflation, and five years of declining GDP; international banks are developing recovery plans, but implementation is hindered by gang control of 90% of Port-au-Prince.

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What are the immediate, specific impacts of Haiti's escalating violence and economic decline on its population and international response?

Haiti is facing a devastating crisis encompassing extreme violence (8,700 deaths between early 2024 and June 2025), crippling poverty (26.9% inflation), and five years of GDP decline. International development banks are formulating recovery plans, but implementation is hampered by gang control (estimated 90% of Port-au-Prince).

zeit.de

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Jul 31, 19:17

ZF Reports €195 Million Loss, Announces Further Job Cuts

ZF Friedrichshafen, a major German auto supplier, reported a €195 million loss in the first half of 2024, attributing it to slow electric vehicle adoption, reduced orders, and high restructuring costs. The company is cutting up to 14,000 jobs in Germany by 2028 and is considering strategic options f...

ZF Reports €195 Million Loss, Announces Further Job Cuts

ZF Friedrichshafen, a major German auto supplier, reported a €195 million loss in the first half of 2024, attributing it to slow electric vehicle adoption, reduced orders, and high restructuring costs. The company is cutting up to 14,000 jobs in Germany by 2028 and is considering strategic options f...

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How is ZF addressing its financial difficulties and workforce reductions, and what are the social and economic implications of these actions?

ZF's losses are attributed to decreased orders from car manufacturers stemming from low vehicle production, increased costs associated with the transition to electric motors, and restructuring expenses. This mirrors challenges faced by competitors Bosch, Continental, and Schaeffler, highlighting systemic issues within the auto supplier industry.

taz.de

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Jul 30, 22:17

Burundi Drivers' Strike Paralyzes Nation Amidst Soaring Fuel Prices

A nationwide drivers' strike has paralyzed Burundi due to soaring fuel prices caused by government policies favoring a company with alleged ties to the president, resulting in rationing and a black market trade in adulterated fuel. This highlights the country's economic crisis and impacts daily life...

Burundi Drivers' Strike Paralyzes Nation Amidst Soaring Fuel Prices

A nationwide drivers' strike has paralyzed Burundi due to soaring fuel prices caused by government policies favoring a company with alleged ties to the president, resulting in rationing and a black market trade in adulterated fuel. This highlights the country's economic crisis and impacts daily life...

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What are the underlying causes of the fuel crisis in Burundi, and how do government policies contribute to the problem?

The fuel crisis in Burundi is rooted in government policies favoring a specific company for fuel imports, resulting in price increases and limited fuel availability. This has led to a black market trade in adulterated fuel, worsening the situation. The drivers' strike is a direct response to the government's price controls that don't reflect the increased fuel costs, illustrating the economic hardship impacting the Burundian people.

dw.com

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Jul 28, 13:17

Greece's Tourism Sector Faces Severe Labor Shortage Amidst Restrictive Immigration Policies

Greece's tourism sector faces a critical labor shortage of at least 60,000 workers due to the pandemic, unattractive seasonal work conditions, and restrictive immigration policies, impacting businesses and hindering economic growth.

Greece's Tourism Sector Faces Severe Labor Shortage Amidst Restrictive Immigration Policies

Greece's tourism sector faces a critical labor shortage of at least 60,000 workers due to the pandemic, unattractive seasonal work conditions, and restrictive immigration policies, impacting businesses and hindering economic growth.

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How has the pandemic and Greece's reliance on migrant workers contributed to the current labor shortage?

The labor shortage in Greece's tourism sector is a multifaceted problem stemming from the 2020-2023 pandemic, seasonal employment challenges, and the departure of workers to higher-paying jobs in Northern Europe. The limited three-month unemployment benefits for seasonal workers exacerbate the issue, and the decreased reliance on Albanian workers, previously a significant source of labor, has worsened the situation. Greece's past overreliance on Albanian workers and current stringent immigration policies have created a significant labor gap.

dw.com

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Jul 26, 13:12

Greece's Tourism Sector Faces 60,000 Worker Shortage Amidst Restrictive Immigration Policies

Greece faces a critical labor shortage, particularly in the tourism sector, with a 60,000 worker deficit, due to the pandemic's impact, unappealing seasonal work conditions, and the government's restrictive immigration policies, despite agreements to import 40,000 foreign workers which are proving i...

Greece's Tourism Sector Faces 60,000 Worker Shortage Amidst Restrictive Immigration Policies

Greece faces a critical labor shortage, particularly in the tourism sector, with a 60,000 worker deficit, due to the pandemic's impact, unappealing seasonal work conditions, and the government's restrictive immigration policies, despite agreements to import 40,000 foreign workers which are proving i...

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How have the Greek government's policies on immigration impacted the ability of businesses to fill seasonal worker vacancies?

Despite slightly higher wages and offered accommodation on Tinos compared to Athens, the island faces a severe seasonal worker shortage, as evidenced by numerous "Staff Wanted" signs. This shortage is impacting various sectors, including hospitality, which is experiencing a 60,000 worker deficit according to the Greek Hotel Federation. This is partly due to the 2020-2023 pandemic, with many workers not returning to the sector.

kathimerini.gr

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Aug 2, 22:14

Berlin's Historic SchwuZ Gay Club Files for Bankruptcy

Berlin's oldest gay club, SchwuZ, filed for bankruptcy due to rising inflation, changing nightlife trends, and financial difficulties, highlighting broader challenges facing Berlin's nightlife scene.

Berlin's Historic SchwuZ Gay Club Files for Bankruptcy

Berlin's oldest gay club, SchwuZ, filed for bankruptcy due to rising inflation, changing nightlife trends, and financial difficulties, highlighting broader challenges facing Berlin's nightlife scene.

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What are the primary economic factors and cultural shifts that led to the bankruptcy of SchwuZ, Berlin's oldest gay club?

SchwuZ, Berlin's oldest and largest gay club, filed for bankruptcy after nearly 50 years. Rising inflation and evolving nightlife trends significantly impacted its finances, leading to reduced hours, staff layoffs, and ultimately, insolvency. The club's statement highlighted its crucial role in Berlin's LGBTQ+ community.

elpais.com

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Jul 31, 07:16

Haiti Crisis: Revised Recovery Plan Focuses on Northern Region Amidst Violence

Haiti's spiraling violence, resulting in about 8,700 deaths between early 2024 and June 2025, alongside economic decline and 90% of Port-au-Prince under gang control, necessitates revised recovery plans focusing on the Northern region; however, security concerns remain paramount.

Haiti Crisis: Revised Recovery Plan Focuses on Northern Region Amidst Violence

Haiti's spiraling violence, resulting in about 8,700 deaths between early 2024 and June 2025, alongside economic decline and 90% of Port-au-Prince under gang control, necessitates revised recovery plans focusing on the Northern region; however, security concerns remain paramount.

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What are the immediate consequences of the ongoing violence and economic crisis in Haiti, and what is the estimated cost of the crisis so far?

Haiti is facing a severe crisis: Since early 2024, approximately 8,700 people have died due to violence, alongside a 26.9% inflation rate and five consecutive years of GDP decline. A World Bank assessment estimates over \$9 billion in losses since 2019.",

bbc.com

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Jul 30, 22:16

22 Dead in Angola Fuel Price Protest

At least 22 people died and 200 were injured in protests in Angola against fuel price hikes, causing widespread unrest, business closures, and over 1,200 arrests; the government called the protests acts of vandalism.

22 Dead in Angola Fuel Price Protest

At least 22 people died and 200 were injured in protests in Angola against fuel price hikes, causing widespread unrest, business closures, and over 1,200 arrests; the government called the protests acts of vandalism.

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Peace, Justice, and Strong Institutions

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What is the immediate impact of the anti-government protests in Angola related to fuel price increases?

At least 22 people, including a police officer, died, and 200 were injured in anti-government protests sparked by a fuel price hike in Angola. Over 1,200 people were arrested as protests escalated, causing widespread disruption, business closures, and overwhelmed hospitals.

dw.com

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Jul 29, 16:14

Germany Projects €172.1 Billion Budget Deficit

The German government projects a €172.1 billion budget deficit from 2027-2029, exceeding initial estimates due to tax cuts, accelerated pension increases, and high interest payments, raising concerns about fiscal sustainability.

Germany Projects €172.1 Billion Budget Deficit

The German government projects a €172.1 billion budget deficit from 2027-2029, exceeding initial estimates due to tax cuts, accelerated pension increases, and high interest payments, raising concerns about fiscal sustainability.

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How do the proposed tax cuts and accelerated pension benefits impact the projected budget deficit?

The rising deficit stems from the coalition's agreement on tax breaks for businesses, accelerated pension benefits, and increased interest payments on national debt. These factors, coupled with projected stagnant economic growth, contribute to the substantial shortfall.

taz.de

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Jul 27, 22:13

Global Hunger Rises in 2024 Amidst Climate Change, Conflicts, and Funding Cuts

Due to climate change, conflicts, and crises, global hunger increased in 2024, affecting 1 in 11 people; budget cuts to aid organizations, particularly from the USA and Germany, are hindering progress, prompting Welthungerhilfe to shift strategies toward local community empowerment and climate resil...

Global Hunger Rises in 2024 Amidst Climate Change, Conflicts, and Funding Cuts

Due to climate change, conflicts, and crises, global hunger increased in 2024, affecting 1 in 11 people; budget cuts to aid organizations, particularly from the USA and Germany, are hindering progress, prompting Welthungerhilfe to shift strategies toward local community empowerment and climate resil...

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What are the key factors driving the increase in global hunger in 2024, and what are the immediate consequences?

In 2024, 1 in 11 people globally suffered from hunger, exceeding 2023's 750 million, due to climate change, conflicts, and crises. This represents a setback in the fight against hunger, with funding cuts exacerbating the issue.

dailymail.co.uk

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Jul 26, 04:13

Labour's First Year: Broken Promises and Growing Crisis

Labour's first year in power has been marred by economic struggles, including flatlining growth and rising inflation; broken promises on immigration; and bitter disputes with labor unions leading to strikes and internal party revolt.

Labour's First Year: Broken Promises and Growing Crisis

Labour's first year in power has been marred by economic struggles, including flatlining growth and rising inflation; broken promises on immigration; and bitter disputes with labor unions leading to strikes and internal party revolt.

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What are the most significant economic consequences of Labour's first year in power, and how have they impacted public perception?

Labour's first parliamentary year has been marked by economic challenges, including flatlining growth, rising unemployment and inflation, and record borrowing levels, contradicting their promises of economic stability. Public anger is growing over increased illegal Channel crossings despite government pledges to address the issue, leading to protests in various areas. Furthermore, disputes with labor unions have resulted in strikes and threatened funding.

Showing 73 to 84 of 502 results