The banking industry plays a crucial role in maintaining and promoting the economic growth of countries across the world. However, the sector is susceptible to a wide range of challenges…
Tag: Crisis
Banking Crisis Hangs Over Economy, Rekindling Recession Fear
The U.S. economic recovery has repeatedly defied predictions of an impending recession, withstanding supply-chain backlogs, labor shortages, global conflicts and the fastest increase in interest rates in decades. That resilience…
Iran’s Rulers, Shaken by Protests, Now Face Currency Crisis
As their currency plunged to new lows recently, Iranians did what they had grown all too used to: They crowded exchange shops, hoping to convert their increasingly worthless rials into…
The Salton Sea, an Accident of History, Faces a New Water Crisis
BRAWLEY, Calif. — The drought crisis on the Colorado River looms large in California’s Imperial Valley, which produces much of the nation’s lettuce, broccoli and other crops, and now faces…
Workers Fighting America’s Overdose Crisis Are ‘Hanging by a Thread’
OSCEOLA, Iowa — So many of Deborah Krauss’s friends and neighbors have died of drug overdoses during the pandemic that she said she felt as if she had been living…
Tracking the opioid crisis: Inside the DEA’s secret lab
Watch CNN Films’ “American Pain” at 9 p.m. ET Sunday, February 5. CNN — Sitting among the warehouses of Dulles, Virginia, is one of the US Drug Enforcement Administration’s forensic…
Inside Biden’s decision to ‘take care of’ the Chinese spy balloon that triggered a diplomatic crisis
Washington CNN — When President Joe Biden learned a likely Chinese spy balloon was drifting through the stratosphere 60,000 feet above Montana, his first inclination was to take it down.…
Downing of Chinese Spy Balloon Ends Chapter in a Diplomatic Crisis
Gen. Mark A. Milley, the chairman of the Joint Chiefs of Staff, alerted Mr. Biden. By Wednesday, when the balloon had made its way to the skies above Billings, Mont.,…
Can A Trillion Dollar Coin Resolve the Debt Ceiling Crisis?
WASHINGTON — The debt limit standoff between Republicans and Democrats has elevated questions about creative solutions for averting a crisis, including one that at first blush might seem unthinkable: Could…
Biden and McCarthy Discuss Debt Limit as Financial Crisis Looms
WASHINGTON — President Biden told Speaker Kevin McCarthy on Wednesday that there was room for discussion about addressing America’s deficit, even as he insisted that Congress would have to pass…