Sri Lanka is facing a serious economic crisis, and the International Monetary Fund (IMF) has stepped in to help, but with a big catch: they’re making the country follow tough new rules. These rules include cutting public spending, increasing taxes, and implementing other harsh austerity measures. As a result, everyday
Bloomberg has just released a detailed map showing where the 1.8 million migrants who arrived in the US in 2023 are living. This map uses data from immigration court cases to show exactly which counties are seeing the biggest influx of new residents. It turns out that most of these
Libya, a North African nation rich in oil, has been in turmoil for over a decade. Since 2011, after the NATO-backed uprising that overthrew Muammar Gaddafi, the country has been plagued by instability, armed conflicts, and political division. One major issue that highlights the chaos is the ongoing crisis involving
Recent criticism of the Adani Group, one of India’s biggest companies, has sparked debates. Many experts believe these attacks are not just about business; they seem to be part of a bigger plan by Western powers to challenge Adani’s growing influence, especially in Asia and Africa, where the company is
Ever wondered who really controls the world’s money and power? One name that keeps popping up in these conversations is the Rothschild family. This banking dynasty has been in the spotlight for centuries, and their influence stretches far beyond what most people realize. Let’s dive into their fascinating history and
Mao Zedong, the leader of communist China, wasn’t an economist, but his famous quote, “Power grows out of the barrel of a gun,” can help us understand why the US dollar is so powerful—and why it will likely stay that way. Just like military power, currency power is connected to
At the beginning of April, Zimbabwe introduced a new currency called Zimbabwe Gold, or ZiG for short. What makes this currency special is that it’s fully backed by real, valuable assets like gold and other foreign currencies, giving it more credibility than past currencies the country has tried. However, the
India’s Foreign Minister, S. Jaishankar, recently gave a fascinating explanation of why the BRICS group—comprised of Brazil, Russia, India, China, and South Africa—is unlike any other international alliance. Speaking at the Geneva Centre for Security Policy, Jaishankar compared BRICS to other well-known trade groups like the European Union and NAFTA,
Bangladesh is facing a big challenge over an unpaid energy bill of nearly $500 million owed to India, and it’s putting pressure on the country’s new interim government. The Financial Times (FT) recently reported that Bangladesh is rethinking its energy deals, particularly one involving Indian conglomerate Adani Group. The Background
