One in five young graduates is jobless. Their president thinks they are slack. Local authorities are offering them $500 a month to retrain as farmers and become rural teachers.
The IMF and international community funding package’s worst-case scenario assumes Russia’s war on its neighbour will last until late 2025.
A mob took residence in the presidential palace last year and forced the leader to flee. Since then,Sri Lanka has been trying to pull itself together.
Shanghai’s middle class is bored,a little angry and full of cash. Now they want to spend big on things that make them happy.
The records were located in a building that houses two ministries and adjacent to the heavily guarded Interior Ministry in charge of security in the country.
Cash is going out of favour but don’t abandon notes and coins just yet.
Sri Lanka’s President Gotabaya Rajapaksa will step down next Wednesday,bowing to popular pressure after a day of violent protests.
Households were not only buying up canned goods and toilet paper during the coronavirus pandemic,they were also stocking up on rolls of coins.
Cheque use has fallen dramatically since the outbreak of COVID as tap-and-go payments rise. There are also a record number of $100 notes hidden in homes.
The huge lift in contactless payments to deal with COVID means the use of cash for day-to-day transactions is likely to fall.
After weak jobs data showed the US labor market recovery is stalling,President Joe Biden and his economic team on Friday hammered home the same message in meetings,interviews and television appearances:It’s time to get more money out to the economy.