N.Korea’s economy shrinks for two straight years but pace of slowdown eases -S.Korea c.bank

A North Korean flag flutters at the propaganda village of Gijungdong in North Korea, in this picture taken near the truce village of Panmunjom inside the demilitarized zone (DMZ) separating the two Koreas, South Korea, July 19, 2022. REUTERS/Kim Hong- Ji/Pool Register now for FREE unlimited access to Reuters.com Register SEOUL, July 27 (Reuters) – … Read more

Explainer: India’s economic outlook at the mercy of monsoon

Villagers affected by flood dry their paddy crop on a road in Morigaon district in the northeastern state of Assam, India, May 24, 2022. REUTERS/Anuwar Hazarika/File Photo Register now for FREE unlimited access to Reuters.com Register MUMBAI/NEW DELHI, July 26 (Reuters) – The monsoon, which accounts for about 75% of India’s annual rainfall, is the … Read more

US power companies face a supply-chain crisis this summer

June 29 (Reuters) – US power companies are facing supply crunches that may hamper their ability to keep the lights on as the nation heads into the heat of summer and the peak hurricane season. Extreme weather events such as storms, wildfires and drought are becoming more common in the United States. Consumer power use … Read more

Wildfires: Europe’s latest economic headache

Blazes damage forests and livelihoods across Europe Climate risks could wipe 4 pct off Europe’s GDP by 2030. Europe under pressure to prevent as well as douse fires Summer wildfires just a ‘preview’ of future, expert says. ATHENS, July 22 (Reuters) – When the blaze tore through a forest in Greece last August, swallowing up … Read more

N.Korean streets flooded as heavy rains exacerbate economic crisis

Buildings in North Korea’s Sinuiju are seen behind the Friendship Bridge over the Yalu river, during sunrise in Dandong, Liaoning province, China April 20, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register SEOUL, July 8 (Reuters) – North Korean towns along the border with China were flooded this week after heavy … Read more