Economic downturn punctures joy of festive season in Nigeria | Business and Economy

Economic downturn punctures joy of festive season in Nigeria | Business and Economy

Lagos, Nigeria – Chinenye Ikechukwu’s Decembers are usually dotted with concerts, parties, and restaurant and beach outings with friends. But this year, the 27-year-old resident of Yaba in Lagos has stayed mostly at home due to the economic downturn plaguing Africa’s largest economy. The rising cost of living and soaring…

China considers revising gaming rules after tech giants lose billions | Technology News

China considers revising gaming rules after tech giants lose billions | Technology News

Draft document outlining restrictions caused major stir as tech stocks tumbled, sent investors into a panic. Chinese authorities have said they may revise newly drafted online gaming rules shortly after the planned restrictions caused major tech companies to lose billions of dollars. State broadcaster CCTV reported on Saturday that the…

Sanctions threat looms over Bangladesh’s garment sector ahead of elections | Business and Economy News

Sanctions threat looms over Bangladesh’s garment sector ahead of elections | Business and Economy News

Dhaka, Bangladesh — Weeks after turbulent wage-hike protests and subsequent factory closures, Bangladesh’s ready-made garment (RMG) industry, a key revenue earner for the nation, is dealing with a new phase of anxiety: “possible” economic sanctions by the country’s Western partners. The United States and European Union collectively account for more…

Bombs to buzzing beaches: Sri Lanka sees tourism surge after long crisis | Tourism

Bombs to buzzing beaches: Sri Lanka sees tourism surge after long crisis | Tourism

Colombo, Sri Lanka – Devmith Kaggodarachchi’s beachfront hotel in the southwestern coastal town of Hikkaduwa, a tourist hotspot 136km (85 miles) from the capital Colombo, is nearing full capacity. The three-star hotel, with air-conditioned rooms and private balconies looking into the Indian Ocean, is busy serving tourists visiting for the Christmas…

Sky-high inflation takes a toll on mental health in Argentina | Mental Health News

Sky-high inflation takes a toll on mental health in Argentina | Mental Health News

Buenos Aires, Argentina – Psychologist Jesica Bianchiotti, 35, still remembers the days when most sessions with her patients began with a chat about the weather or the results of the latest football match. But those days are long gone. With Argentina facing one of the worst economic crises in its…