Opinion by Jomo Kwame Sundaram (kuala lumpur, malaysia) Wednesday, July 26, 2023 Inter Press Service KUALA LUMPUR, Malaysia, Jul 26 (IPS) – Currency values and foreign exchange rates change for many reasons, largely following market perceptions, regardless of fundamentals. Market speculation has worsened volatility, instability and fragility in most economies, especially…
Even as they face their own challenges abroad, Zimbabweans living overseas say they can not consider heading back home to face the economic challenges – especially now with hyperinflation. Credit: Jeffrey Moyo/IPS by Jeffrey Moyo (dordrecht, netherlands) Wednesday, July 05, 2023 Inter Press Service DORDRECHT, NETHERLANDS, Jul 05 (IPS) – They…
Long wait at the border between Sudan and Egypt. Credit: Hisham Allam/IPS by Hisham Allam (cairo) Thursday, May 25, 2023 Inter Press Service CAIRO, May 25 (IPS) – The conflict in Sudan is impacting the economy in Egypt, and those who make their living moving goods across the borders have spent…
Opinion by Anis Chowdhury (sydney) Monday, May 15, 2023 Inter Press Service SYDNEY, May 15 (IPS) – The Reserve Bank of Australia (RBA)’s latest interest rate hike comes before the ink of the much-awaited review of the RBA, released on 20 April, has dried. The threat of more increases to come…
Egypt plans to sell shares in 32 state-owned businesses, including three banks. Credit: Hisham Allam/IPS by Hisham Allam (cairo) Thursday, April 06, 2023 Inter Press Service Cairo, Apr 06 (IPS) – Egypt intends to sell shares in 32 state-owned businesses within a year, including three banks, two military-owned businesses, and numerous…
Queues and frustration met the changes to the currency and withdrawal limits in Abuja. Credit: Abdullahi Jimoh/IPS by Abdullahi Jimoh (abuja) Monday, March 06, 2023 Inter Press Service ABUJA, Mar 06 (IPS) – Nigerians confronted by hardships over the scarcity of the newly redesigned naira notes in conjunction with the country’s…
In July 2021, widespread civil unrest spread across KwaZulu Natal and other South African provinces. While it followed the incarceration of former President Jacob Zuma, analysts also attributed it to widespread unemployment and inequality. Credit: Lyse Comins/IPS by Lyse Comins (durban) Wednesday, March 01, 2023 Inter Press Service DURBAN, Mar 01…
Opinion by Anis Chowdhury, Kate Lappin (melbourne and sydney) Monday, February 06, 2023 Inter Press Service MELBOURNE and SYDNEY, Feb 06 (IPS) – Australia is set to become the first country or jurisdiction to require large multinational corporations (MNCs), with a global consolidated income of at least AU$1 billion, to publicly…
Opinion by Jomo Kwame Sundaram (kuala lumpur, malaysia) Thursday, February 02, 2023 Inter Press Service KUALA LUMPUR, Malaysia, Feb 02 (IPS) – Few policymakers ever claim credit for causing stagnation and recessions. Yet, they do so all the time, justifying their actions by some supposedly higher purpose. Now, that higher purpose…
Opinion by Anis Chowdhury (sydney) Friday, January 27, 2023 Inter Press Service SYDNEY, Jan 27 (IPS) – As the year 2022 drew to an end, the United Nations Conference on Trade and Development (UNCTAD) warned, “Developing countries face ‘impossible trade-off’ on debt”, that spiralling debt in low and middle-income countries (LMICs)…
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