Tag: #EconomicCrisis
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Pandemic’s economic fallout will worsen conflicts: UN diplomats
United States, Aug 4 (AFP/APP): The coronavirus pandemic is worsening the humanitarian situation in the world’s deadliest conflicts and threatens to unleash economic devastation that will intensify violence, United Nations diplomats and experts warn. COVID-19 is hampering aid programs, diverting the attention and resources of major powers battling the deadly virus at home, and cutting…
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Sayyid Ali Hosseini Khamenei: Further expansion of Corona could exacerbate economic difficulties
Iran’s Supreme Leader Sayyid Ali Hosseini Khamenei has warned that further spread of the coronavirus could exacerbate problems facing the country’s economy. According to the AFP news agency, Iran’s Supreme Leader said in a statement that “it would be correct to say that something must be done to prevent economic problems arising from Corona,but carelessness…
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COVID-19: German Minister commits suicide amid the outbreak
FRANKFURT, 29th March: With the increasing stress due to the outbreak of the deadly pandemic around the world many countries are falling apart by being severely damaged in the health and economy sector. According to reports, Thomas Schaefer, the finance minister of Germany’s Hesse state, has committed suicide apparently after becoming “deeply worried” over how…
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Pakistan asks IMF to let it issue sovereign bonds
Islamabad (1 Nov, 2019): Economic review talks between Pakistan and the IMF are under way and one of the issues Pakistan has brought up is the IMF’s condition capping the amount of sovereign bonds the government can issue. A sovereign or government bond is basically a guarantee the government gives when taking a loan. But…
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Argentine frontrunner calls for unity after presidential poll
Buenos Aires, Oct 28 (AFP/APP): Argentina’s leftist presidential frontrunner Alberto Fernandez vowed Sunday to end sharp divisions between his Peronist movement and supporters of the business-friendly incumbent Mauricio Macri, as the country seeks to emerge from a crippling economic crisis. Exit polls put the 60-year-old lawyer, whose running mate is ex-president Cristina Kirchner, in the…