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Spain ‘hunger queues’: Food lines grow as inflation skyrockets
Nov 22, 2022 08:41A large percentage of people in Spain are turning to food aid as soaring inflation across the country has pushed food prices to a record high.
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Japan's inflation hits 40-year high amid weakening yen, soaring energy costs
Nov 18, 2022 11:26Japan's inflation surged by 3.6 percent in October from the previous year, marking a 40-year high, amid weakening yen and soaring energy prices, the government said in a report on Friday.
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British govt. unveils austerity budget as recession bites
Nov 17, 2022 14:20As recession bites, British Prime Minister Rishi Sunak and his Finance Minister Jeremy Hunt have unveiled an austerity budget: a massive package of $65 billion of tax hikes and spending cuts.
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Black Sea grain deal extended for 120 days: Ukraine
Nov 17, 2022 10:23Ukraine says it has reached an agreement with Russia and Turkey to extend a United Nations-brokered initiative to ship out grain by 120 days.
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Iran calls economic terrorism ‘emerging threat’ to sustainable development
Nov 15, 2022 15:44Iran’s climate chief has denounced the Western sanctions on the Islamic Republic as economic terrorism, warning that such coercive measures are an emerging threat to sustainable development and hamper national efforts to improve the country’s air quality.
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Food prices hit record highs in Spain amid worsening cost of living crisis
Nov 15, 2022 15:19Food prices in Spain hit record highs last month in the wake of a month-long strike by truckers earlier this year, which brought the country's supply chains to a halt, official data shows.
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Saudi Arabia impounds another Yemen-bound fuel ship in act of piracy
Nov 15, 2022 11:42The Yemen Petroleum Company (YPC) says Saudi Arabia and its coalition has seized yet another Yemen-bound fuel tanker and prevented it from docking at Hudaydah port, in a new act of piracy against the besieged Yemeni people.
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Amazon plans to lay off 10,000 employees, its largest job cuts ever
Nov 15, 2022 09:28Amazon plans to lay off ten thousand employees in corporate and technology jobs amid cost-cutting review and a “worsening macroeconomic environment”, as inflation in the United States is at a 40 year record high.
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Canadians eating less, stockpiling food amid highest inflation in 41 years: Survey
Nov 11, 2022 10:35A new survey has revealed that Canadians are buying cheaper food items, stockpiling food and even eating less to cope with rising food prices as inflation in the country has soared to its highest in almost half a century.
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More than 50 poor countries in danger of bankruptcy, UN official warns
Nov 11, 2022 08:58More than 50 of the poorest developing countries are teetering on the brink of bankruptcy due to their inability to pay debts unless the rich countries come forward with assistance, the head of the UN Development Programme has warned.