Washington, June 5 (IANS) US President Donald Trump has described Cuba as a “failed nation”, suggesting that its Communist government was under growing pressure, and his administration plans to focus more attention on the island after addressing ongoing challenges involving Iran.Trump argued that Cuba’s economic difficulties have worsened because of changes in Venezuela, which he said had long provided financial and energy support to Havana.“It’s a failed nation,” Trump said. “Without …
Latest Economic Challenges News & Updates
New Delhi, June 1 (IANS) As Karachi’s summer heat tightens its grip every June, Hina’s living room turns into a monthly budgeting war room. The old pedestal fan circulates hot air while her son wipes sweat from his forehead doing homework on the sofa, a report has said.On the table lies an electricity bill folded several times over, while her husband silently scrolls through air-conditioner prices on shopping apps, comparing installment options they still are not sure they can afford, accord…
New Delhi, May 22 (IANS) As Pakistan gets included among world’s ten most severe hunger hotspots in the Global Report on Food Crises (GRFC) 2026, the country faces a dangerous overlap of climate shocks, economic fragility and rising inflation, a new report has said.The report from Maldives Insight said that surging fuel prices due to Middle East conflict has added a fresh layer of pressure into an already strained system.The Human Rights Council of Pakistan warned that the fuel price hike amou…
New Delhi, May 19 (IANS) Congress President Mallikarjun Kharge on Tuesday criticised the Centre over the latest increase in petrol and diesel prices, alleging that the government was burdening common citizens while attempting to cover up its policy failures. His remarks came after state-run oil marketing companies raised petrol and diesel prices for the second time in less than a week amid rising global crude oil prices.Taking to social media platform X, Kharge said, “It has been barely four d…
New Delhi, May 18 (IANS) Markets will face pressure from rising rates and currency headwinds, impacting rate‑sensitive sectors such as banking, real estate and capital‑intensive industries, a report said on Monday.The report from Systematix Institutional Equities said as wholesale inflation surged in April and the rupee risks breaching Rs 100 and official CPI forecasts will soon touch 6 to 7 per cent.”The latest Rs 3 per litre fuel price hike, following the Prime Minister’s austerity appea…
Chennai, May 15 (IANS) Pointing out that India too, like the rest of the world, was feeling the impact of rising fuel, energy, logistics, and production costs as a result of the continuing crisis in West Asia, actor and parliamentarian Kamal Haasan on Friday underlined the need for the Indian film industry to evolve practical and sustainable operating practices for efficient filmmaking and urged the different stakeholders of the Indian film industry to have a conversation on how to collectively …
New Delhi, April 17 (IANS) China’s latest unemployment figures have drawn renewed scrutiny, as official data point to a modest rise in joblessness, while analysts are of the view that the situation is far worse, according to a media article. According to figures released by the National Bureau of Statistics, the country’s surveyed urban unemployment rate climbed to 5.3 per cent in February, marking a six-month high, according to the article published in Uganda’s PML Daily.The rise in unemp…
Dhaka, March 18 (IANS) Bangladesh’s Prime Minister Tariq Rahman confronts a formidable task in steering the nation towards stability and ushering in a new golden era, while ensuring extremist elements are kept in check, and the party’s hard-won credibility is preserved. The BNP pledged in its election manifesto to lift the slowing economy to a trillion by 2030 — a goal that hinges on “regional security, economic solidity and the restoration of peace in society”, a report mentioned.Acco…
New Delhi, March 5 (IANS) Leader of Opposition in the Lok Sabha, Rahul Gandhi, on Thursday voiced concern over the escalating tensions in West Asia and their potential impact on India, saying the country’s energy security is at risk and calling for decisive leadership in the face of global uncertainty.In a post on X, LoP Gandhi said the world has entered a “volatile phase” and cautioned that “stormy seas lie ahead”.Highlighting India’s dependence on energy imports, he noted that more…
New Delhi, Feb 1 (IANS) Leader of Opposition in the Lok Sabha, Rahul Gandhi, on Sunday criticised the Union Budget 2026-27, accusing the government of being disconnected from the country’s pressing economic and social challenges.In the response to the Budget, Gandhi said it had failed to address key issues confronting the nation, including unemployment, slowing manufacturing growth, capital outflows, declining household savings, and agrarian distress.”Youth without jobs. Falling manufacturing….