financial crisis Archives

A shadow ‘financial crisis’ has cost the world $2 trillion

CNN — Last month, two major storms, Hurricane Helene and Hurricane Milton, caused a total of between $51.5 billion and $81.5 billion of property damage, mostly to Southeastern US states, according to estimates from CoreLogic. That’s a lot of damage – but it’s only a small fraction of what climate change has cost people around …

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Egypt Independent November 12, 2024

Amid acute financial crisis, Ireland drastically cuts social benefit of Ukrainian refugees

Amid acute financial crisis, while the European Union nations are taking drastic measures in reducing financial benefit and housing facilities

Weekly Blitz March 8, 2024

No, this isn’t a repeat of the 2008 financial crisis

There are some key differences between the collapse and fallout of Silicon Valley Bank and Signature Bank and what happened in 2008. For one thing, the 2008 crisis was, in part, worsened by financial institutions holding assets (like mortgage-backed securities) that were difficult to value, making it hard for banks to determine how much they were worth. …

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Egypt Independent March 15, 2023