Tag: Economic crisis
Ecuadorian Social Organizations Promote Recall of President Daniel Noboa
Ecuador’s peasants and native people’s organizations announced a roadmap to recall President Daniel Noboa, calling for a March 5 meeting in Quito, amid systematic rights violations, governmental neglect, and widespread popular discontent. The National Confederation of Peasant, Indigenous, Afroamerican, and Montubio Organizations of Ecuador (Fenocin, in Spanish), an opposition group, announced a roadmap to recall […]
February 26, 2026
U.S. Farmers Face Financial Crisis as Health Subsidies Expire
The end of enhanced ACA subsidies has driven insurance costs to 8.5 percent of household income. For James Davis, a 55-year-old farmer in the state of Louisiana, the start of 2026 brought a major financial shock: His monthly health insurance premium surged to US$2,700 after federal assistance under the Affordable Care Act (ACA) expired. “You […]
January 26, 2026
Palestinian Economy on Verge of Systemic Crisis Amid Israeli Genocide
The Palestinian economy is on the brink of systemic failure, crippled by Israel’s ongoing escalation of aggression in Gaza, severe restrictions in the West Bank, and the withholding of approximately $4.5 billion in tax revenues. The Palestinian economy is teetering on the edge of systemic failure, battered by Israel’s ongoing military campaign in Gaza, crippling […]
December 27, 2025
Argentines Are Not Doing Great, They Are Dying: Trump
Washington grants a $20 billion swap to prevent the collapse of Milei’s far-right political project before the elections. On Monday, Argentina’s Central Bank (BCRA) announced the signing of a “Currency Stabilization Agreement” with the U.S. Department of the Treasury for US$20 billion. RELATED: Argentina: Protesters storm the Disability Agency to demand answers This announcement comes […]
October 20, 2025
German Steelmaker Thyssenkrupp to Cut 11,000 Jobs
The company cited weak demand in the steel industry and intensified competition as the primary reasons for the move. On Monday, Germany’s largest steelmaker, ThyssenKrupp Steel, announced plans to cut 5,000 jobs by 2030 and an additional 6,000 through transfers to external service providers or the sale of business activities. RELATED: Germany, France and the […]
November 26, 2024
France, Germany and Italy Call on the EU to Act Quickly to Prevent Economic Decline
Trump’s election as president should serve as a wake-up call for Europe to prioritise its own interests, Italian minister Urso said. On Friday, the economy ministers of France, Germany, and Italy called for joint action by the European Union to bolster competitiveness against the United States and China. RELATED: Moldova: Citizens Approve Their Country’s Entry […]
November 22, 2024
U.S. Congress Passes Funding Bill to Avert Goverment Shutdown
The package would maintain government funding at current levels through December 20. On Wednesday evening, U.S. Congress overwhelmingly passed a short-term funding bill to avert a looming government shutdown. The Senate voted 78-18 to clear the measure, following the House’s approval with a 341-82 vote. All opposition in both chambers came from Republicans. RELATED: U.S. […]
September 26, 2024
Germany’s Birth Rate Falls to Lowest Level Since 2009
On Wednesday, the Federal Institute for Population Research (BiB) published a study showing that Germany’s birth rate has fallen significantly over the past two years, dropping to its lowest level since 2009. RELATED: German Housing Crisis Shows No Sign of Easing: Destatis The country’s birth rate dropped from 1.57 children per woman in 2021 to […]