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Argentina squeezes foreign travel to protect its dollars

BUENOS AIRES, Argentina (AP) — Argentina's government launched measures on Friday to discourage foreign travel as a way to protect the country's thin dollar reserves ahead of heavy debt payments. ...

Editorial Roundup: U.S.

Excerpts from recent editorials in the United States and abroad: Nov. 21 The Chicago Tribune on the aftershocks of the Kyle Rittenhouse verdict: W...

Bahrain announces $30 billion post-pandemic investment plan

DUBAI, United Arab Emirates (AP) — The island kingdom of Bahrain announced plans Wednesday for over $30 billion in spending to spur investment and build up infrastructure over the next several years, ...

IMF deal with Pakistan would revive $6 billion bailout

ISLAMABAD (AP) — The International Monetary Fund said Monday that weeks of talks with Pakistan have produced a preliminary agreement toward reviving a $6 billion economic bailout for the Islamic natio...

Afghan banking system on brink of collapse, UN warns

The Afghan financial system is staring at a collapse within months as it reels from a worsening cash liquidity crunch and a spike in bad loans, a new report by the United Nations Development Programme...

US congressmen in Lebanon over crippling economic crisis

BEIRUT (AP) — A group of U.S. congressmen held meetings Saturday with Lebanon’s top leaders during a fact-finding mission to the Middle East nation roiled by an unprecedented economic crisis. ...

US Congress members reintroduce bill to back Taiwan membership of IMF

TAIPEI (Taiwan News) — United States Representatives Anthony Gonzalez and Al Green reintroduced the “Taiwan Non-Discrimination Act of 2021” to require the administration to back Taiw...

Afghanistan: Taliban to start paying public employees

The Taliban government said on Saturday that it had begun paying government employees who had been without their salaries since the Islamist group seized power in Kabul in August. The takeover sparked...

Ethiopia's economy hit as major clothing maker closes shop

NAIROBI, Kenya (AP) — Ethiopia’s once rapidly growing economy is taking another hit tied to its yearlong war, with global clothing manufacturer PVH Corp. saying it is closing its facility there becaus...

UN envoy: Afghanistan on brink of `humanitarian catastrophe'

UNITED NATIONS (AP) — Afghanistan is “on the brink of a humanitarian catastrophe” and its collapsing economy is heightening the risk of extremism, the U.N.’s special representative for the country war...

Desperate Afghans forced to sell children

An already ailing economy that has been hard hit by a prolonged drought and with the Taliban at the helm, Afghanistan's future is looking bleak. The Taliban, which is still struggling for interna...

Coronavirus: Central Europe's car concentration backfires

Some estimates suggest that the chip shortage could cost the global auto industry around €200 billion ($229 billion) in 2021 alone. Customers face a long wait to get their hands on a new car and ...

Pakistan: Rampant inflation piles on the pressure

Abid Hussain, 40, a factory worker in Faisalabad city, says he is planning to send his two children to an Islamic madrassa as he cannot afford to pay their fee for a private school. The madrassa offer...

Argentina's opposition scores win in midterm elections

BUENOS AIRES, Argentina (AP) — President Alberto Fernández suffered a severe setback in Argentina's midterm elections held Sunday amid widespread anger over high inflation and rising poverty, with his...

UN envoy sounds alarm on Lebanese crises, rising poverty

BEIRUT (AP) — Lebanon is a failing state that has also failed its people, leaving them struggling with converging crises that have impoverished the population and eroded trust in authorities, a U.N. e...