New Delhi, March 30 (IANS) The Middle East crisis poses a greater risk to Bangladesh, Pakistan and Sri Lanka, among the South Asian countries, due to their high dependence on imported energy and limited reserve supplies, according to an S&P Global Ratings report.Since these countries are particularly vulnerable to rising oil prices and potential supply disruptions, a prolonged price and supply shock in global energy markets could hit their sovereign credit ratings, the report states.S&P …
Latest Economic Recovery News & Updates
Seoul, March 12 (IANS) South Korean President Lee Jae Myung on Thursday instructed his aides to swiftly prepare for an extra budget to help stabilise people’s livelihoods and promote an economic recovery as the nation’s economy is bracing for an impact from an intensifying war in the Middle East. Lee made the call during a meeting with senior presidential aides, expressing concerns that heightening instability in the Middle East could weaken consumer and investment sentiment.”We also need to swi…
Washington, Feb 4 (IANS) US Secretary of State Marco Rubio on Wednesday said critical minerals will play a central role in Ukraine’s economic recovery after the war, arguing that access to and development of natural resources would be essential to rebuilding the country and securing lasting peace. “This war will end at some point,” Rubio said, adding that Ukraine would need to harness its resources once fighting stops. “And when it does, Ukraine needs to be able to harness all the resour…
Washington, Feb 2 (IANS) Venezuelan opposition leader Maria Corina Machado said the transition away from the Maduro regime is “unstoppable,” arguing that sustained US pressure is forcing changes inside Venezuela even as the opposition continues to push for a democratic transfer of power.Speaking on CBS News’ Face the Nation with Margaret Brennan, Machado said she does not believe Washington is easing pressure on Caracas, despite US Secretary of State Marco Rubio saying the United States do…