Sri Lanka's war-ravaged Tamils are being pushed to the brink by the country's economic crisis. Mariam Wardak brings you the story of two war survivors in the northern part of the island who are struggling to make ends meet.

South Asia Diary | Lankan Tamils pushed to the brink by economic crisis

The clouds of recession are becoming darker for the global economy now. According to the latest forecast of the OECD, the global economic rate is slowing at more than the expected rate.

OECD: UK growth expected to be flat in 2023, deteriorating outlook for major economies

Why Sri Lanka bent toward economic crisis? Know these five reasons

The economic crisis in Sri Lanka has pushed its health care system to the brink. Residents are struggling to get basic medication and checkups with soaring inflation in the country.

Sri Lanka: Economic crisis pushes health system to the brink, struggles with medicine shortages

Bank heists in Lebanon are becoming a trend – but these armed “robbers” are not stealing anyone else’s money. They just want access to their own savings. Priyanka Sharma tells you why Lebanon's “robbers” have now become heroes as Ghadi Francis reports live from Beirut.

WION Fineprint | Bank heists become a growing trend in Lebanon| WION reports from Beirut

As Lebanese pound hits record low against dollar, tensions seem to rise. Protests broke out in the capital city of Beirut. Watch this video to understand what's behind Lebanon's economic crisis? Why people are being forced to rob banks for their money?

What's behind Lebanon's economic crisis? Why people are being forced to rob banks for their money?

Banks in Lebanon have said they will close for three days next week, after depositors stormed several branches on Friday, holding employees hostage and forcibly demanding to withdraw their savings.

Lebanese banks to close next week; violent raids by depositors surge in Lebanon

After China's economy was hit badly because of multiple Covid lockdowns, the country is trying to find ways to boost growth. The banks in China have cut their deposit rates, as a way to boost growth, This move happened for the first time since 2015.

China finds ways to boost growth after economy hits badly by Covid lockdowns

Pakistan Prime Minister Shehbaz Sharif lamented and spoke about the nation's bleak reality once again. While addressing a convention, the Pakistan premiere once again called his country a beggar state painting a a rather dismal picture of Pakistan's troubling economy.

Pakistan Prime Minister Shehbaz Sharif admits country's grim reality

Sri Lanka is also witnessing an economic crisis. Top officials are in talks with the International Monetary Fund over a fresh $2.9 billion program. The two parties are trying to set out an ambitious primary surplus target of 2.3 percent of GDP by 2025 that will mean having to increase state revenue significantly.

Sri Lanka: Colombo continues talks with the IMF, fresh $2.9 bn programme in talks

China's real estate sector is eyeing an unprecedented crisis. It may witness the biggest real estate crash the world has ever seen.

What's behind China's real estate crisis? Will it impact economy of your country?

The UN called for Sri Lanka to immediately reverse its light towards militarisation, it also said that the country should prosecute those responsible for leading the island nation into its current unprecedented economic crisis.

UN asks Sri Lanka to 'reverse the drift towards militarisation'

Britain's new Conservative leader Liz Truss Monday vowed "bold" action to fix the country's worst economic crisis in decades, as she was confirmed as Prime Minister Boris Johnson's successor after a gruelling party contest. Molly Gambhir tells you more.

WION Fineprint | Truss named UK leader as embattled Tories urged to unite

Sri Lankan defense official has said that Gotabaya Rajapaksa will return to the country on Saturday. Security arrangements are being made for the return of the President. Rajapaksa fled Columbo on the 9th of July after sustained protests against his economic mismanagement of the country.

WION Dispatch: Former Sri Lanka President Gotabaya Rajapaksa to return home

Sri Lanka Defence official: Rajapaksa trying to return, security detail being arranged

There seems to be some respite for Sri Lanka which is battling is worst hit economic crisis in history. The International Monetary Fund has announced a preliminary bailout package worth $2.9 billion for the struggling island nation.

WION Dispatch | Sri Lanka: IMF agrees to bailout, preliminary agreement to restructure economy

Sri Lanka: IMF agrees to $2.9 billion bailout, preliminary agreement to restructure economy

As the crippling cost of living crisis continues to bite the pockets of Bangladeshi citizens, protest rage unabated across the country. Bangladesh is being caught in a quagmire of economic crisis and sought a bailout from the IMF.

Protests against rising fuel prices in Bangladesh continues

Sri Lanka is soon going to strike a loan deal with the International Monetary Fund. According to the media reports, Sri Lanka has reached a preliminary agreement on an emergency loan with the IMF and a formal announcement is likely to be made on Thursday.

Sri Lanka locks preliminary loan deal with IMF: Reports

Hundreds blocked roads in the South Africa's capital as they walked towards the union buildings, where the presidency is located, demanding the government prevent an 'economic collapse'. Unions accuse the government of putting profits for the elite and corporate interests ahead of the interests of average South Africans.

World of Africa: Economic crisis worsens in South Africa

In crisis-hit Sri Lanka, people are battling a decline in living standards as they find themselves forced to skip meals, ration medicines and turn to firewood in place of cooking gas.

Sri Lankans forced to skip meals amid economic crisis

US Fed chair Chair Jerome Powell addressed annual central bankers gathering. He said taming inflation will inflict pain on Americans and Fed could keep lifting rates sharply for 'some time'.

US: No sign of relief for millions of Americans, interest rates highest since 1980s

South Africa's inflation rate has hit 7.8%, the highest in 13 years. South African unions march in protest over cost of living crisis.

South Africa inflations hits new 13-year high

Pakistan prime minister Shehbaz Sharif is on a two-day visit to Qatar. Sharif's visit comes in the backdrop of ongoing economic crisis in Pakistan. 220 million people of Pakistan is reeling under economic woes.

WION Dispatch: Pakistan PM Shehbaz Sharif on a two-day visit to Qatar

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