Armenian currency appreciates with inflow of Russians leading to mass layoffs
Armenia’s workers are facing wage cuts and widespread layoffs amid rapid currency appreciation, Radio Free Europe’s Tony Wesolowsky reports. After weakening as Russia...
Month: June 2022
BRIC Summit 2022: China touts its governance model and Russia pitches creation an EM currency
At the 14th BRICS Summit, Beijing took the opportunity to promote its governance and development models while railing against unilateral...
Long-feared rate rises being to crush emerging and frontier markets
Long-Feared Rate Rises Begin to Crush Emerging Markets. Emerging market debt loads, long elevated, appear increasingly unstable as a strong dollar,...
Iranian protest over economic meltdown, building collapse
Economic turmoil from sanctions and government mismanagement have boiled over into street protests following a collapse of a 10-story building...
Croatia approved to join Eurozone amid demographic collapse and a spotty recovery
European Union regulators certified Croatia's eligibility to adopt the euro next year, reports the WSJ’s Tom Fairless. The European Commission said...
