Budget news — August 28, 2026

7 publications

1. WorldMiddle EastBudgetBiodiversity

   Aug 28, 2026, 23:42 UTC

   

   Cuba's Economic Crisis: 80% Skip Meals, 95% Disapprove of Government Management

   A study by the Cuban Observatory for Human Rights reveals that 80% of Cubans have skipped meals due to lack of money or food, with 94% living in extreme poverty. Power outages and the food crisis are the main problems, while only 3% approve of the government's management. The economic situation has led to 77% demanding political and economic transformations.

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2. PoliticsRegulatorsBudget

   Aug 28, 2026, 23:22 UTC

   

   Trump Admin to Target George Soros' Open Society Foundations, SPLC, CAIR in Tax Crackdown

   The Trump administration is reportedly planning a major tax crackdown on several left-wing nonprofits, including George Soros' Open Society Foundations, the Southern Poverty Law Center (SPLC), and the Council on American-Islamic Relations (CAIR). Treasury Secretary Scott Bessent is leading the initiative, which aims to scrutinize organizations suspected of abusing the federal tax code. The review could potentially lead to fines, back taxes, and loss of tax-exempt status for these organizations.

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3. ScienceBudgetCreditFX

   Aug 28, 2026, 14:55 UTC

   

   Fed Officials Warn About Inflation Ahead of Jackson Hole Conference

   As the Jackson Hole conference kicked off, multiple Fed officials issued warnings about inflation. The conference, which is attended by central bankers from around the world, began with a focus on the high and worrying level of inflation in the US.

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4. SocietyBudgetCommodities

   Aug 28, 2026, 14:04 UTC

   

   Diesel and Gasoline Price Trends Next Week

   Diesel prices are expected to decrease next week, while gasoline prices are forecasted to rise. International quotes indicate diesel may drop by 6.5 cents, reaching close to €2 per liter. Meanwhile, gasoline 95 is expected to increase by 3.5 cents, surpassing the €2 threshold again. According to Anarec, diesel should average €2.011 per liter, and gasoline 95 should reach €1.999 per liter.

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5. BusinessLaborBudgetTrade

   Aug 28, 2026, 13:42 UTC

   French Economy Stagnates in Q2 2026

   The French economy showed no growth in the second quarter of 2026, following a contraction in the first quarter, according to revised data from the National Institute of Statistics and Economic Studies (INSEE). Household consumption rebounded slightly, while business investment continued to weaken. Exports grew strongly, driven by the aeronautics sector, contributing positively to GDP growth. However, household purchasing power deteriorated due to a rebound in prices. The economy's stagnation leaves the accumulated growth for the whole of 2026 at 0.3%.

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6. WorldRegulatorsMiddle EastBudget

   Aug 28, 2026, 05:22 UTC

   Malaysia Abolishes Duty-Free Cigarette Quota

   Malaysia Customs has abolished the duty-free quota for cigarettes, leading to high fines and potential tobacco seizure for those caught bringing cigarettes into the country. E-cigarettes are also strictly prohibited. Travelers are advised to prepare well before their trip to avoid trouble during customs clearance.

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7. BusinessSanctionsChinaBudget

   Aug 28, 2026, 02:10 UTC

   

   Russia Retains Top 4 Economy Spot Despite Sanctions

   Despite relentless Western sanctions, Russia has maintained its position among the world's top four economies for the second consecutive year. Experts attribute this resilience to President Putin's economic policies, effective management, and strategic partnerships with countries like China and Iran. According to IMF forecasts, Russia's GDP will exceed $7 trillion in 2023, making it the fourth largest economy globally and the first in Europe.

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