Home Archive by category International (Page 32)

International

Myanmar’s largest micro lender, Pact Global Microfinance Fund (PGMF), began closing its operations in the country late Monday and will cease them altogether on Friday, saying demands by the junta had made it impossible to continue its efforts to serve low-income households, including those with no access to the formal banking system, The Irrawaddy reports. […]Continue Reading
Myanmar authorities torched almost half a billion dollars of illegal drugs but warned they are failing to stop a surge in the production and trafficking of narcotics, Al Jazeera reports. Head-high piles of heroin, cannabis, methamphetamines, and opium were burned on Monday in the commercial hub Yangon in an annual spectacle to mark International Day […]Continue Reading
Mutinous Russian mercenary fighters headed towards Moscow on Saturday after seizing a southern city overnight, with Russia’s military firing on them from the air but seemingly incapable of slowing their lightning advance, Reuters reports. Facing the first serious challenge to his grip on power of his 23-year rule, President Vladimir Putin vowed to crush an […]Continue Reading
The United States said on Wednesday it is imposing sanctions on Myanmar’s Defense Ministry and two “regime-controlled” banks that enable transactions between the military regime and foreign markets to buy arms and other materials, AFP reports. Myanmar has been in turmoil since a February 2021 coup ousting civilian leader Aung San Suu Kyi. According to Continue Reading