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Economic Situation

All articles tagged with #economic situation

africa2 years ago

Kenya's Ongoing Battle with Major Power Blackouts

Kenya experienced its third major power blackout in four months, causing widespread concerns in a country already grappling with discontent over a worsening economic situation. The blackout affected many parts of the country, including neighborhoods in the capital, Nairobi, and two terminals at Jomo Kenyatta International Airport. Kenya generates most of its electricity from renewable resources, but old infrastructure, corruption, and illegal connections have made the grid unreliable. Rising electricity taxes have also made power bills unaffordable for many Kenyans.

via The New York Times|
#africa#economic-situation#infrastructure
international-relations2 years ago

North Korea's Global Diplomatic Retreat: Multiple Embassies Shut Down

North Korea is reportedly closing multiple embassies around the world, including in Spain, Hong Kong, and several African countries, which could result in nearly 25 percent of Pyongyang's missions closing worldwide. The closures are seen as a sign that North Korea is struggling to generate revenue overseas due to international sanctions. The move could have significant implications for diplomatic engagement, humanitarian work, and the country's ability to generate illicit revenue. The closures are likely a result of the weakening North Korean economy and the international community's efforts to curb funding for the country's nuclear and missile programs.

via NBC News|
#diplomatic-relations#economic-situation#embassies
international-relations2 years ago

North Korea's Global Diplomatic Retreat: Multiple Embassies Shut Down

North Korea is reportedly closing multiple embassies around the world, including in Spain, Hong Kong, and several African countries, which could result in nearly 25 percent of Pyongyang's missions closing worldwide. The closures are seen as a sign of the country's struggle to generate revenue overseas due to international sanctions. The move could have significant implications for diplomatic engagement, humanitarian work, and the ability to generate illicit revenue. The South Korean unification ministry stated that the closures reflect the impact of sanctions and North Korea's difficult economic situation. North Korea has formal relations with 159 countries but had 53 diplomatic missions overseas until the recent closures.

via Reuters|
#diplomatic-relations#economic-situation#embassies