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Tag: crisis

Some cheer for retail amid high street crisis

Some cheer for retail amid high street crisis

Business
Retail sales bounced back last month after the so-called Beast from the East exacerbated the crisis facing the high street, according to official figures. The Office for National Statistics (ONS) recorded a 1.6% rise in sales volumes during April compared to March - a rate that smashed economists' expectations.The performance represented some hope for retailers - and the economy - that February and March proved a blip for the shopping sector because of the poor weather.Previous industry statistics had suggested sales slumped at their fastest pace for more than two decades in April.:: Retail sales slide in March as cold weather takes toll Image: Heavy snow and biting temperatures in February and March took their toll on the high street ...
Children sick as Russia's landfill crisis turns toxic

Children sick as Russia's landfill crisis turns toxic

World
No one likes a landfill in their backyard, especially not when it makes their children sick. That's what happened in the town of Volokolamsk, three days after Russia's general election.As the world's diplomats worried about a poisoning in Salisbury, the residents of Volokolamsk worried about a mass poisoning of their sons and daughters.More than 60 children were treated at a local clinic for headaches, nausea and breathing difficulties.Locals blamed a particularly toxic emission from the nearby Yadrovo dump, one of 15 across the Moscow region filled well beyond capacity with waste from the capital.Image:Toxic emissions from the Yadrovo dump have been blamed for the ilnnessAt the end of March, district officials declared a state of emergency because of excessive levels of hydrogen sulphide...
Syria crisis: UN chief says Cold War is back

Syria crisis: UN chief says Cold War is back

World
Media playback is unsupported on your deviceThe UN's secretary general has said the Cold War is "back with a vengeance".Antonio Guterres also warned about the dangers of escalation over Syria.The US and its allies are considering launching missile strikes against Syria after a suspected chemical attack, an action which Russia - whose forces are there supporting the government- has said would risk starting a war.Russia has accused the UK of faking an attack, an allegation Britain dismissed as a "grotesque, blatant lie".The Cold War, which followed the Allied victory in World War Two, saw the US and its allies facing off for decades with the Soviet Union, of which Russia is the main successor state. What exactly did Guterres say?Mr Guterres delivered his warnings at the opening of a bad-t...
China is at risk of a banking crisis, a central bank body says

China is at risk of a banking crisis, a central bank body says

Finance
China is one of the economies most at risk of a banking crisis, according to the Bank of International Settlements, which published its quarterly review on Sunday.The report, which included a study on the early signs of a banking crisis, found China's debt — measured by a credit-to-GDP gap — surpassing an amount that could lead to a system fallout. The country also has a high level of debt servicing ratio, which made its banking system more vulnerable.The credit-to-GDP gap measures the difference between the percentage of debt in an economy and its long term trend. A bigger number suggests debt is growing at a pace that may not be healthy for the economy.Debt servicing ratio, meanwhile, refers to the amount of money as a proportion of income that's used to repay loans. A higher ratio means
Sick Venezuelans flee to Colombia in mounting refugee crisis

Sick Venezuelans flee to Colombia in mounting refugee crisis

Health
In a cramped hospital near Colombia's border with Venezuela, migrants fill stretchers bearing the wounds of the deteriorating nation they left behind. An 18-year-old woman rubbed her swollen belly after fleeing with her infant daughter when the wounds from her C-section began to ooze pus. A young man whose femur had torn through his skin in a motorcycle crash needed antibiotics for an infection. An elderly retiree with a swollen foot arrived after taking a 20-hour bus ride from Caracas because doctors there told his family the only treatment they could offer was amputation — without anesthesia or antibiotics. "If you want to sign, sign. But we are not responsible for the life of your father," Teresa Tobar, 36, quoted the doctors in Venezuela as telling her when they handed over the papers