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Economy

US dollars are now commonly used by businesses in Venezuela. The informal adoption of the dollar has helped to decrease inflation and product shortages.

Venezuela’s public sector workers take on multiple side jobs just to get by

Economics

To supplement their meager wages, many government workers in Venezuela are turning to side hustles that include driving taxis, baking cakes, selling clothes or taking care of pets. And that’s having an impact on the quality of public services.

In Argentina, annual inflation tops 100%, a 30-year high, with the cost of meat and fruit skyrocketing.

Argentines wage ‘mental war’ against inflation as prices double in a year

Business, Economics and Jobs
Customers who had waited for many hours stand outside a bank in the slim hope of being able to withdraw some cash, in Lagos, Nigeria Thursday, Feb. 23, 2023. 

Millions of Nigerians prepare to vote amid chaotic cash shortage

Elections
A worker fills up a plastic container with gasoline at a gas station in Pasay, Philippines, Oct. 11, 2022.

Record-breaking inflation rates in the Philippines are pushing people to take on extra jobs

Business, Economics and Jobs
The Inca temple of Sacsayhuamán gets only a handful of visitors per day now, as tourists cancel their trips to Cusco amid protests taking place in Peru.

Protests across Peru are keeping tourists away from the country’s top travel destinations

Protest
A Lebanese policeman stands guard next to a bank window that was broken by depositors to exit the bank after attacking it trying to get their money, in Beirut, Lebanon

‘We are forced to be bank robbers,’ desperate Lebanese citizens say amid financial crisis

Economics

Banks in Lebanon have partially reopened this week after the government had ordered them to be shut down. The closures were prompted by a spate of bank heists conducted by people whose savings have been stuck in banking system.

neighborhood sidewalk

‘How long will this continue?’: People in Istanbul see their rents double as inflation soars

Economics

This summer, Turkish inflation reached levels not seen since the 1990s, and nowhere is it more clear than the rental market. Tenants are seeing their rents double, or even triple, in just one year.

Sri Lankan fans take a selfie during a cricket match with Australia in Colombo.

‘An air of hope’: Sri Lankans see cricket as a welcome distraction from the country’s economic, political woes

Sports

Australia and Sri Lanka are usually bitter rivals on the pitch during cricket matches. But Sri Lankans are welcoming the Australian team and its fans as a much-needed distraction from their country’s recent political and economic turmoil.

A motorcyclists watches as an employee of a fuel stationin fills petrol, in Mumbai, India

India, China growing markets for shunned Russian oil

Energy

Oil sales to India, China and other Asian nations are boosting Russian export revenues at a time when Washington and its allies are trying to limit financial flows supporting Moscow’s war effort in Ukraine.

The sun sets over the Toronto skyline during the opening ceremony for the Pan Am Games

Canada’s soaring housing prices leave potential homeowners with limited choices. Local and federal govts are trying to help.

Economics

Since the start of the pandemic, housing costs in many areas have climbed at a pace well ahead of income growth, with the average price up more than 50% in two years. Canada’s local and federal governments are now pursuing measures to try and rein in prices.