Cuba’s power grid collapses for second time in as many days
Cuba’s national electricity grid has suffered a second major collapse in as little as 24 hours, according to reports from state media on Monday. The failure came as the government was attempting to restore power following a nationwide blackout that struck the island nation the previous evening, leaving millions without electricity. The repeated outages highlight […]
Israel faces brain drain as doctors, engineers and academics flee
Israel is experiencing unprecedented levels of emigration, with highly educated professionals among those leaving the country, according to new research from Tel Aviv University. The study reveals that the current wave of departures includes significant numbers of physicians, engineers and academics — professionals whose expertise is vital to the nation’s economy and healthcare system. While […]
Nearly 270,000 Israelis have left the country in three years as emigration crisis deepens
A new study from Tel Aviv University has revealed alarming emigration figures, with a significant wave of Israelis leaving the country reaching record levels over the past year. The research highlights a concerning trend that began in 2023 and has continued to accelerate, prompting experts to warn of a potential breaking point if the exodus […]
Egypt’s luxury coast becomes flashpoint in inequality battle
Upmarket resort developments along Egypt’s northern coastline have become a symbol of the country’s widening wealth gap, with exclusive properties commanding astronomical prices and strict ownership restrictions that effectively exclude ordinary Egyptians from prime real estate. The developments, which cater predominantly to wealthy domestic and international investors, have sparked fierce debate over land use, public […]
Reservists facing 20% pay cuts as extended service takes toll on entire generation
An entire generation of Israeli reservists faces prolonged financial hardship and career disruption as extended military service since October 7th continues to drain resources. A new study by the Tauber Institute has warned of far-reaching consequences, with approximately 70,000 students having served in the reserves over the past year whilst juggling their education. The research […]
Oil won’t save Iran: Economy in freefall as war damage mounts
Iran is incapable of withstanding more than a few additional weeks of conflict, according to assessments of the country’s deteriorating economic position. Damage to the Iranian economy has already accumulated to approximately $200 billion — at least half of the nation’s annual GDP — creating conditions for rapid economic collapse outside wealthy districts in Tehran’s […]
China demands US drop tariffs on forced labour allegations
China’s Ministry of Commerce has lodged a strong protest against American tariffs imposed under Section 301 regulations, which target Chinese goods over allegations of forced labour practices. The ministry called on the United States to “correct its wrongful practices” and withdraw what it characterised as unilateral protectionist measures. The tariffs represent ongoing tension between Beijing […]
Israel hit by Trump tariffs as US imposes 12.5% levy on tech and food imports
The Trump administration has imposed a new round of tariffs on more than 80 countries and trading partners, including Israel, in what it officially describes as a crackdown on forced labour practices. Israel faces a 12.5 per cent tariff on technology, food, consumer goods and chemicals imported into the United States, replacing previous duties that […]
Venezuela withdraws $346m from IMF to rebuild after deadly earthquakes
Venezuela’s interim president Deby Rodriguez announced this weekend that the country has withdrawn $346 million from its available resources at the International Monetary Fund (IMF) to aid recovery efforts following a series of devastating earthquakes. The funds will be directed towards rebuilding infrastructure and supporting communities affected by the natural disasters. Venezuela has faced significant […]
US backs Iraq-Syria oil pipeline restoration project
The United States has expressed support for efforts by Iraq and Syria to restore a crude oil pipeline connecting the two countries, a State Department official said on Tuesday. Washington expects American companies to participate in the repair and rehabilitation work on the pipeline, according to the official. The project could allow oil producers to […]