Japan is facing a growing personal debt crisis as borrowing accelerates amid rising interest rates and the increasing cost of living. Consumer loans in the country are growing at the highest rate in 16 years, with household borrowing exceeding income for the first time last year.

Japan Faces Debt Crisis As Borrowing Hits Record Highs

Emerging markets face debt crisis amid rising risks in 2025

The developing world is bracing for a tumultuous 2025. Emerging market nations have to deal with the added stress of paying interest on the 29 trillion dollars in debt that was accumulated over the past decade.



Crypto landmark case: Caroline Ellison sentenced to 2 years for fraud

China's latest worry is smaller banks and the risks they face from the growing debt crisis. Reuters sources suggest that some top banks have increased scrutiny of the asset quality of smaller banks. They have also and tightened interbank lending standards for smaller banks.

China: Smaller banks come under scrutiny of some top banks, says report | World Business Watch

In a significant stride towards economic recovery, greece has given the green light to its 2024 budget. With a forecasted surge in growth fueled by robust tourist revenues and crucial eu funds, the nation aims to achieve a 2.9% economic upswing.

Greece's journey from debt crisis to investment-grade status

Country Garden faces offshore debt crisis: Potential for one of China's biggest restructurings

The value of Chinese debt relief decreased by over 50% between 2021 and 2022, a report from rhodium group showed, with Angola alone receiving two-thirds of deferrals despite china backing multilateral efforts to standardise support for poor countries.

China's debt relief to poor countries slows amid continuing appeals for support

Debt limit deal heads to vote in full House while McCarthy seeks Republican approval

Republican and Democratic leaders scrambled to secure congressional support for a bill aimed at avoiding a catastrophic US debt default, with just one week left before the government starts running out of money.

Republicans  and Democrats race against time for US debt crisis bill in Congress

Race against time for US debt crisis bill in Congress

White House: Biden not planning to invoke 14th Amendment to prevent debt default

US President Joe Biden and House Republican Speaker Kevin McCarthy will meet to discuss the debt ceiling on Monday (May 22), after a "productive" phone call as the president headed back to Washington. The nation could default on its bills as early as June 1.

Biden and McCarthy to meet as debt ceiling talks resume

Will Biden, McCarthy reach an agreement over US debt crisis?

US lawmakers come to a deadlock on US debt limit talks, they are yet to resolve the crisis. President Joe Biden and Republican leaders offer hopes of a deal while Democrats pitch for a clean increase, with no strings attached.

US debt crisis: Joe Biden and Republican leaders offer hopes of a deal

Kenya discloses loan documents of Chinese-built railway amid looming debt crisis

Traditional debt crises and crashing currencies point to a brewing economic downturn in many developing nations. Africa has been no different, it is witnessing an economic slowdown, and the prevalence of Covid pandemic has hindered the flow of necessary finances for ongoing infrastructure development projects. We look at the latest rise in loans from the international monetary fund, the pros, cons and the pitfalls of such loans.

World Of Africa: Africa's spiralling debt crisis

In South Africa, the finance minister earlier this year announced that the debt burden remains a serious concern. This year the government debt has reached R4.3 trillion and is projected to rise to R5.4 trillion over the medium term. Kalden Ongmu explains South Africa's debt crisis.

World of Africa: South Africa's debt crisis explained

Sri Lanka's debt crisis is a warning to the world. The World Bank says a global debt storm is coming. It could engulf 70 developing countries & make their economies fall like dominoes. What are the threats they face? How can they be averted? Palki Sharma explains.

Gravitas Plus: Which countries could go the Sri Lanka way

Sri Lanka’s debt ‘default process has begun’, warn credit rating agencies

Lanka’s energy minister warns of long power cuts if failed to secure loan by March 2022

Global debt rises as financial crisis looms; China under threat

Biden scales back his agenda in hopes of bringing moderates onboard

debt-crisis

Debt Crisis, News on Debt Crisis, stories on Debt Crisis, articles on Debt Crisis, Debt Crisis stories at Wion, Debt Crisis news, Debt Crisis latest news