Economic Crisis
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Sri Lanka’s new president Dissanayake promises change
TEHRAN, Sep. 23 (MNA) – Anura Kumara Dissanayake took office as president of Sri Lanka, promising change in the island nation long led by powerful political families which is emerging from its worst economic crisis in more than seven decades.
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Eurozone factory activity nosedives: S&P Global
TEHRAN, Mar. 03 (MNA) – Manufacturing activity across the 20 countries that use the euro has continued to decline, largely due to a slowdown in the area’s leading economy Germany, according to a study by S&P Global.
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Israel's economy shrinks by 19% in Q4 2023
TEHRAN, Feb. 19 (MNA) – Israeli economy recorded a double-digit contraction in the three final months of 2023, with the ongoing war on Gaza taking a heavy toll on consumer spending, trade and investment.
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UK military personnel seek food bank help amid high inflation
TEHRAN, Jun. 12 (MNA) – Some members of the British military are increasingly relying on food banks to make ends meet amid high inflation and a cost-of-living crisis, local UK media reported on Monday.
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UK teachers, nurses to strike further over pay disputes
TEHRAN, Jan. 17 (MNA) – Further strikes were announced by teachers and nurses in the United Kingdom (UK) on Monday, amid the continued cost-of-living crisis and lengthy disputes over pay.
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EU confirms will present aid package to Ukraine next week
TEHRAN, Nov. 06 (MNA) – Von der Leyen informs Zelenski that he will present his proposal for economic aid to Ukraine next week
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Europe facing its worst drought in 500 years: EU agency
TEHRAN, Aug. 24 (MNA) – Europe is facing its worst drought in at least 500 years, with two-thirds of the continent in a state of alert or warning, reducing inland shipping, electricity production and the yields of certain crops, an EU agency said.