PublicProtests

Serbia's Prospects Dim as Political Instability Halts Fitch Rating Upgrade

2 months ago

In a significant development for Serbia's economic landscape, the nation has missed the crucial opportunity for a credit rating upgrade from Fitch Ratings. This window of advancement was largely seen as a possible recognition of Serbia’s economic resilience and its ongoing efforts to stabilize post-pandemic. However, recent political turmoil has overshadowed these positive indicators, casting a long shadow over the country's financial reputation.

IMF Reveals Stark Assessment of Argentina's $44 Billion Agreement

3 months ago

The International Monetary Fund (IMF) has published a sobering evaluation of its ongoing financial deal with Argentina, which involves a staggering $44 billion restructuring effort. This latest report underlines the deep economic turmoil facing the South American nation, as it grapples with soaring inflation, a depreciating currency, and increasing public dissatisfaction.

Cuba's Power Grid Suffers Catastrophic Collapse, Leaving the Entire Island in Darkness

4 months ago

In a shocking event that underscores the fragility of Cuba's infrastructure, the island nation has once again experienced a total power grid failure. This catastrophic incident, confirmed by the Cuban state-run power company, ETECSA, occurred on December 4, 2024, plunging all of Cuba into darkness and disrupting daily life across the country.