A Lebanese woman holds country's flag during a protest against rising inflation. Reuters
Lebanon’s plight is not just piteous but shocking, to say the least. The reported wrangling among the politicians has dealt a body blow to the economy, with the currency losing a disastrous 90 per cent of its value and inflation spiralling sky-high.
Few countries would like to face the conditions Lebanon is facing at the moment. It is a nation virtually under siege, bearing the brunt of economic and, due to the pandemic, health woes. It has been battered by economic ruin, suffering from a dire
US underlying consumer prices increased solidly in August, leading to the largest annual gain in a year, but rising inflation is unlikely to deter the Federal Reserve from cutting interest rates again next week to support a slowing economy.
The closely fought Kenyan presidential election has ended on a fractious note with vice-president William Ruto winning it by a narrow margin, defeating the opposition leader Raila Odinga. Ruto secured 50.49 per cent of the vote and Odinga 48.85 per cent. Odinga is popular among the poor, especially in the slum districts of Nairobi, the Kenyan
The GOP has two words that give it strength: “America First” Putting aside the slogan’s antisemitic history and the problematic scarcity mind-set it promotes, it might sound reasonable enough. Why shouldn’t our elected officials put our country first? But the phrase is a useful lie to mask the party’s actual priorities: protecting beloved tax-dodging
In a leaked recording, Liz Truss, the Tory leadership candidate and bookies’ favourite to be the next prime minister, can be heard attacking British workers. She said they needed “more graft” and suggested they lacked the “skill and application” of rivals abroad. When asked about the comments, Truss replied: “I don’t know what you are quoting here.”
Cricket fans in the UAE are looking forward to Aug.28, when the two most admired teams of the world, India and Pakistan, will clash during the much-awaited Asia Cup. The Asia Cup’s highly-anticipated game between the sporting rivals will generate a lot of excitement. TV channels have already started talking about it. Cricket fans have already booked