Cuba has introduced 176 free-market reforms to combat a severe economic crisis, exacerbated by a US oil blockade. The measures, endorsed by the communist party, aim to reduce the state's economic role and attract investment across various sectors.
Manoj Bajpayee's financial thriller 'Governor', inspired by S. Venkitaramanan and the 1990 Indian economic crisis, earned Rs. 2.55 crore net in its opening weekend. The film, released June 12, 2026, saw a 27.8% growth on Saturday and is expected to build on word-of-mouth.
Residents of Kadirli, Osmaniye, are facing severe financial difficulties due to the rising cost of living and economic crisis. Pensioners and those relying on agricultural income report struggling to meet basic needs, with some resorting to selling milk in the market to supplement their insufficient pensions.
A summit on Germany's economic crisis revealed deep rifts between the government, employers, and unions. While all agree on the crisis, their diagnoses and proposed solutions diverge significantly on issues like labor costs, social contributions, and tax policy.
Romanian PM nominee Eugen Tomac aims to continue austerity measures to reduce the budget deficit, secure EU funding, and combat the rise of the far-right. He plans to focus on private sector growth, digital transformation, and energy projects, while ensuring fiscal discipline and transparency to regain market confidence.
Iran analysts debate a historic transition from theocracy to military rule, accelerated by war. The IRGC's economic power grows, and Mojtaba Khamenei's appointment as Supreme Leader signals a shift from religious to political calculation, despite economic crisis fueling protests.
Despite hosting an international economic forum, Russia faces a deepening economic crisis driven by war spending, Western sanctions, and declining foreign investment. Projections show sluggish growth, and sectors like oil and gas are experiencing supply issues.
Pakistan is spending an estimated $900,000 monthly on US lobbying efforts, totaling $10-12 million annually, according to FARA filings. This occurs as the nation faces economic challenges, a water crisis, rising fuel prices, and a heavy debt burden.
Pakistan is spending an estimated $900,000 monthly on US lobbying efforts, totaling $10-12 million annually, according to FARA filings. This occurs as the nation faces economic challenges, a water crisis, rising fuel prices, and a heavy debt burden, while its military leadership claims India sought US mediation during military tensions.
Gaziantep's Şahinbey Municipality spent 10,000 TL on a single flower bouquet via direct procurement, drawing criticism from citizens struggling with the economic crisis. Opposition voices decry the expenditure as wasteful and a double standard amid calls for public austerity.
Germany's coalition government faces deadlock over tax reform, mirroring Weimar Republic struggles. Disagreements over middle-class tax relief, subsidy cuts, and federal-state funding complicate efforts to boost the economy amid rising energy prices and economic slowdown.
Germany's coalition government faces deadlock over tax reform, mirroring Weimar Republic struggles. Disagreements over middle-class tax relief, subsidy cuts, and federal-state funding complicate efforts to address the economic crisis and bolster social funds.
China has delivered 15,000 tons of rice to Cuba, the first of several shipments totaling 60,000 tons, to help alleviate acute shortages. The aid arrives as Cuba faces severe blackouts and an economic crisis exacerbated by US sanctions.
Yemen's IDP camps, particularly Maryamah in Seiyun, face severe food insecurity and dire living conditions due to nearly 12 years of conflict, funding cuts, and economic collapse. Families struggle for basic necessities, with many going hungry.
La Paz, Bolivia is experiencing escalating tensions as protests, including dynamite detonations, block highways and storm public buildings. Economic struggles, fueled by currency shortages and inflation, have led to shortages and bank closures. The US State Department calls it an 'attempted coup.' President Paz faces calls for resignation amid calls for dialogue.
US Secretary of State Marco Rubio warned Cuba on Thursday that the US is focused on changing its communist system, following an indictment of former president Raúl Castro. Rubio called Cuba a "failed state" amid an economic crisis and pointed to Russian and Chinese presence as a national security threat.
UAE oil chief Sultan Al Jaber warns full oil flows through the Strait of Hormuz may not resume until Q1-Q2 2027, even if the Middle East conflict ends now. The crisis has led to price surges and fears of global economic downturn.
Last-minute negotiations between Samsung Electronics management and its labor union failed, raising concerns of a strike that could cost 100 trillion won and harm the economy. President Lee Jae Myung and the courts have intervened, urging balance and restricting union actions.
Bolivian security forces clashed with thousands of ex-President Evo Morales's supporters marching into the capital, La Paz, amid the nation's worst economic crisis. Demonstrators used dynamite and slingshots, while police responded with tear gas. The protests, led by Morales-aligned groups, have caused widespread shortages.
An expert from MGIMO warns that the EU's push for accelerated militarization will deepen its economic crisis, diverting resources from social programs and increasing inequality within and between member states.
Cuba's national energy grid failed, causing widespread power outages in eastern provinces and ongoing blackouts in Havana, amid a prolonged economic crisis exacerbated by a U.S. energy blockade and reliance on limited Russian oil supplies.
US Secretary of State Marco Rubio offers Cuba $100M in aid if the communist government cooperates, amidst severe economic crisis and power outages blamed on US sanctions by Cuba's leaders.
The US renewed a $100 million humanitarian aid offer to Cuba, conditional on cooperation and reforms, as the island faces severe economic and energy crises, with Cuba blaming US sanctions for its struggles.
Simply hanging on could be a disaster for Iranians, while Trump needs to resolve this economic crisis he created Exchanges of fire between Iran and the US demonstrate the serious instability of the situation in the Middle East. Though the US strikes late on Thursday were just “a love tap”, according to the US president, Donald Trump, the reality is that neither side can continue the high-stakes standoff in the strait of Hormuz indefinitely.The US and its ally Israel demonstrated a comprehensive military superiority over Iran – taking minimal casualties in the 38-day war – but Washington has both failed to translate that into strategic dominance and allowed Iran to take control of the strait, driving up the oil price. Continue reading...
