GENEVA: The United Nations Relief and Works Agency for Palestinian Refugees (UNRWA) said on Wednesday that a severe financial crisis has forced it to terminate 571 employees outside Gaza. The affected staff had previously worked in the Gaza Strip but had left the territory following the outbreak of conflict in October 2023. Read More: UN […]
financial crisis
Thames Water seeks last-ditch rescue amid financial crisis
LONDON, Dec 3: Thames Water is working with the government and regulators to secure a potential rescue after its half-year results highlighted ongoing financial instability. Britain’s largest water company has already drawn down £1.43 billion ($1.89 billion) of a £1.5 billion lifeline and will need access to a second tranche early next year, though this […]
Sri Lanka’s public workers strike to press for lower taxes, power bills
COLOMBO: Public employees at Sri Lanka’s ports, hospitals, schools, and railways went on strike on Wednesday to protest against high costs of living as the country struggles to recover from a severe financial crisis. Thousands of members belonging to more than 40 trade unions refused to report to work or took sick leave in the […]
PM Imran Khan vows to steer nation out of financial crisis
ISLAMABAD: Prime Minister Imran Khan on Wednesday referred to the debate on Pakistan’s decision to go to the IMF and said the country was passing through financial crisis but assured that he will steer the nation out of this difficult time. He was addressing a media conference while launching ‘Naya Pakistan Housing program’ (NPHP) in […]