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Demonstrators clash with police during a protest over the death of George Floyd in Chicago, the United States, on May 30, 2020. Chicago Mayor Lori Lightfoot imposed a curfew on the city on May 30. Chicago's precautions followed a chaotic and violent Saturday evening, when many businesses along the streets were looted, police cars overturned and some properties damaged. (Photo by Christopher Dilts/Xinhua)

Hundreds of Lebanese protest against appointment of new PM

Hundreds of Lebanese gathered in Beirut's downtown on Tuesday in the afternoon to protest against the appointment of Mustapha Adib as Lebanon's prime minister...
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), delivers a speech in Washington D.C., the United States, Oct. 8, 2019. (Xinhua/Liu Jie)

IMF chief warns of recession worse than 2008 global financial crisis

International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned on Friday of a recession worse than the global financial crisis back in 2008. ...
Palestinians are seen inside their temporary house "caravan" in the southern Gaza Strip city of Khan Younis on July 7, 2015. The 50-day war between Israel and Gaza Hamas-led militant groups ended after Egypt brokered a truce between the two sides. However, people in the coastal enclave still live amid poverty, unemployment and the ongoing endless Israeli blockade. (Xinhua/Wissam Nassar)

Israeli deduction of taxes to worsen Palestinian financial crisis

The Israeli government's decision to deduct millions of U.S. dollars from Palestinian tax revenues will exacerbate the Palestinian Authority (PA)'s financial crisis in 2020,...

Adherence to NPRA directive detrimental to SNNIT’s sustainability

Dr John Ofori-Tenkorang, Director-General of the Social Security and National Insurance Trust (SSNIT), on Thursday, said the payment of a proposed 75 per...
Emirates Aviation College

UAE’s local media in worsening financial crisis for lack of ads

Local media in the United Arab Emirates (UAE) have been caught in financial crisis because advertisers have turned to new media such as Facebook...

Portugal leaving financial crisis behind – Moscovic

However Moscovici pointed out that the country was still feeling the impact of the economic crisis, during a press conference at the ministry of...

West African nations seek to solve regional pipeline financial crisis

The situation, according to Walter Perez, Managing Director of the West African Gas Pipeline Company (WAPCO), was caused by the inability of some of...
Open Innovations forum and technology show takes place in VDNH exhibition hall in Moscow, Russia, Oct. 28, 2015. Open Innovation Forum kicked off here on Wednesday focusing on future technologies in the modern human society, economy and everyday life. (Xinhua/ Pavel Bednyakov)

Viewpoint: Innovation-driven growth to be highlight of G20 Summit

After the 2008 financial crisis, the global economy entered a period of in-depth adjustment. Today, Japan and Europe, with their negative interest rates, still...

Fall in oil prices sends Congo’s economy shambles

By Andronicus Sikula The financial crisis that has been precipitated by a drop in prices of oil, the main source of revenue...

Refining your strategy to achieving set goals

Hello and welcome to a Piece of Peace, your weekly dose of motivation and inspiration. This week I would like to share on the...
Lagos, Nigeria?s economic hub. Photo: Hans Wilschut/Lagos Photo Festival

Relaxed productivity fuels global economic recovery

Production rose by 5.4 per cent in January and February - the worst since 2008. China is trying to refocus its economy from investment and...

Portuguese president affirms financial woes could come to an end

Rebelo de Sousa on Friday travelled to Porto, the country's second biggest city in the north, which he said was a symbolic city for...
A shop assistant arranges products at the South African firm Shoprite"s main store in Nigeria"s commercial capital Lagos

Clover Industries Rescind Decision To Invest In Nigeria

"The current financial crisis experienced in Nigeria which is fuelled by the low oil price is a further cause of concern, thus the group...

US possible recession begins

When American households still have vivid memories of struggling to make their ends meet in the worst financial crisis in decades, a new recession...
european commission

Slovaks economy picks up after financial crisis

Slovak economy this spring is probably at its best in terms of employment, economic growth and domestic demand since the crisis in 2009, announced...

Fiat Chrysler Automobiles make gains

Shares in the newly merged trans-Atlantic car company Fiat Chrysler Automotive made gains Monday as they began trading on the New York Stock Exchange. Stocks...
Wpid Imf Logo

World growth mediocre – IMF

The International Monetary Fund trimmed its global growth forecast by 0.1 percentage points to 3.3 per cent for 2014 and 0.2 points to 3.8...

The World?s Financial D?j? Vu?

By Dr. Mehenou Amouzou   History is repeating itself with a human desire to control or rule the world by any means. This obsession has created...

Tema Oil Refinery in deep financial crisis

Junior staff of the Tema Oil Refinery (TOR) have appealed to President John Mahama to save the refinery from collapse. They say the refinery is...