Citizens rob banks for own savings: Lebanon’s economic crisis leads to desperate measures
21 September 2022 | 3:57 pm
In Lebanon, most depositors have been locked out of their savings since a financial crisis took hold three years ago. Now some of those customers are taking matters into their own hands by holding up bank branches.
Lebanon is electing a new parliament soon. Even though many people harbour hope for change, it won't be a walk in the park for the opposition. Traditional power structures remain deeply embedded.
Sri Lanka is in the grip of its worst economic crisis in decades, facing depleted petrol reserves, food shortages and a chronic lack of medical supplies. More than a month of mainly peaceful protests against the government's handling of the economy turned deadly last week when supporters of the former prime minister stormed an anti-government protest site in the commercial capital Colombo. We discuss the depth of protesters’ grievances, as well as President Gotabaya Rajapaksa’s chances of weathering the storm, with Sri Lankan human rights lawyer and activist Bhavani Fonseka.
The YouTube Africa Day Concert 2022 seeks to bring Africans, the Diaspora, and people from across the world together to celebrate a continent that is home to more than 1.5 billion people and find new ways of artistic expression. This year’s concert features artists from Nigeria, Sierra Leone, Tanzania, South Africa, and Congo.
An ongoing maritime dispute between Lebanon and Israel has re-entered the spotlight after a production vessel docked in an offshore gas field on Sunday. The Lebanese claim the ship is in disputed territorial waters, but the Israelis refute this. Both countries have yet to agree on maritime demarcation lines and have called on the US to mediate new talks. For more analysis, we speak to oil and gas policy expert Laury Haytayan, who is MENA Senior Officer at the Natural Resource Governance Institute (NRGI).
The billionaire was named prime minister for the fourth time and asked to form a government to save the country from financial collapse. He urged fractious politicians to set aside differences to secure an IMF deal.
At the most recent EU leaders’ summit last week, much of the talk was focused on the future of the European Union, particularly its potential enlargement. Varying degrees of assurances on possible membership were given to Ukraine, Moldova and to a different degree, the Western Balkans states. EU leaders gave less attention to the future of the bloc as sketched out by citizens during a year-long process called the Conference on the Future of Europe.
Sri Lanka is suffering the worst economic crisis in its history, with fuel shortages bringing the country to a standstill. Many are now convinced leaving is their only option.
Amid the economic and political turmoil in Sri Lanka, experts say the country's Tamil minority, who paid a heavy price during the civil war, feel victimized all over again. Some are fleeing to Tamil Nadu in India.
As Sri Lanka's protest movement reaches 100 days, the people proudly and defiantly said that their fight is not over. Indeed, in addition to political uncertainty, the country faces a long list of problems, with years of mismanagement coupled with external shocks. The coronavirus pandemic has battered the tourism industry, and the war in Ukraine has contributed to soaring inflation. On the ground, there are also long queues for food and fuel. For more, we speak to France 24's correspondent Navodita Kumari in Colombo.
Energy ministers from the EU are to discuss a plan to cut gas use across the bloc amid fears Russia could stop supplies. But some say the current watered-down proposal will not be enough to prepare for winter.
Economic instability has Indian investors and exporters worried about receiving payments. The Indian government is doing what it can to help keep essential goods moving.
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