Jubilee Debt Campaign has found that lower-income countries spend approximately five times more on debt than they spend coping with the effects of climate change and reducing carbon emissions.

Poor nations to spend five times as much on debt as they do against climate change: Report

According to the report by leading anti poverty charity group poor countries spend five times more debt than coping with impact of climate change. The report comes ahead of the COP26 climate summit that is scheduled to take place from 31 October 2021 to 12 November 2021 in Glasgow, Scotland, to discuss about the countries commitment to slow down climate change and keep global warming to 1.

Poorer countries spend five times more on debt than climate crisis – report

The crisis at Evergrande rattled the global markets and triggered a series of defaults within China's real estate sector. But, the hidden debt of local governments poses a much bigger threat to the Chinese economy. Palki Sharma tells you more about China's $8 trillion debt time bomb.

Gravitas: A $8 trillion debt time bomb that China hid

Almost eight million British shoppers who utilised 'buy now, pay later' (BNPL) services had outstanding amounts of £538 ($740) on average, totaling £4.14 billion ($5.

Britishers in debt of more than $5.49 billion for ‘buy now, pay later’ services

As the crisis at Evergrande continues, 3 more real estate developers have defaulted on their debt obligations in China. But, that is just the tip of the iceberg. Local governments in China could be hiding a $4 trillion "debt bomb". Palki Sharma tells you more.

Gravitas: China's hidden $4 trillion debt bomb

The US Senate approved legislation to temporarily raise the federal government's $28.4 trillion debt limit and avoid the risk of a historic default this month.

US Senate approves debt limit hike to avoid default

Less than two weeks before it was due to be reached, senators in the United States have voted to temporarily extend the country's debt ceiling. Chuck Schumer, who leads the Democrats in the Senate, announced the breakthrough deal after negotiations in Congress during the early hours of the morning.

US Senate votes to temporarily extend debt ceiling

China and Pakistan have signed a precursor deal to develop the Karachi coastline. Beijing is expected to invest $3.5 billion in what is being called another debt trap. What does this deal mean for the Gwadar port? Palki Sharma tells you.

Gravitas: China's new debt trap: Karachi port

Chinese drones are falling from the sky. Chinese realtors are going broke. But Xi Jinping is only concerned about his expansionist mission in Taiwan. Is a Chinese invasion imminent? What can the US do to bolster Taiwan? Palki Sharma tells you.

Gravitas: Crashing drones, rising debt: China's rough patch

In two weeks, America could default on its debt for the first time in history. President Joe Biden has called it a 'meteor headed for the US economy'. Are Republicans using the recession as leverage? Is Biden's bipartisanship claim a sham? Palki Sharma tells you.

Gravitas: Biden blames Republicans for looming credit default

Another Chinese homebuilder has hit financial trouble after it missed payments on debt obligations, adding to worries over the country's property sector as embattled giant China Evergrande teeters on the brink of collapse.

Chinese developer Fantasia fails to make debt payments

New York City has an opportunity to solve a debt crisis that has devastated a central institution in the lives of many New Yorkers: yellow cabs and their owner-drivers.

How to save New York City’s cabdrivers

China`s Belt and Road Initiative (BRI) has left scores of lower and middle-income countries (LMIC) saddled with "hidden debts" totalling USD 385 billion, according to new research.

China's BRI left several countries saddled with 'hidden debts': report

China's housing boom was built on a great wall of debt. Senseless lending and construction have straddled the real estate sector with millions of empty apartments and billions of dollars in debt. Molly Gambhir gets you a report.

Gravitas: China's housing bubble set to pop?

More than 100 countries face cuts to public spending on health, education and social protection as the pandemic compounds already high levels of debt, a new report says.

COVID-19 worsens debt crisis, 35 to 40 countries are 'debt distressed': Report

Are world leaders ignoring an impending global financial crisis? China's Evergrande crisis has rattled global markets. While Treasury Secretary Janet Yellen has warned the US could default on its debt obligations. Palki Sharma tells you more.

Gravitas US Edition: Are world leaders ignoring an impending financial pandemic?

Zambians were voting in a general election on Thursday after a tense campaign dominated by economic woes, a debt crisis and the impact of the coronavirus pandemic.

Debt-ridden Zambia votes in closely contested polls

A court in the United Kingdom has declared Indian fugitive businessman Vijay Mallya bankrupt. This paves the way for a consortium of Indian banks, led by the State Bank of India, to recover debt from loans.

London court declares fugitive businessman Vijay Mallya bankrupt, Indian banks can realise debt

IMF member countries have agreed to clear Sudan's arrears to the institution, France`s president said on Monday, removing a final hurdle to the African nation getting wider relief on external debt of at least $50 billion.

Sudan clears final hurdle for debt relief at Paris conference

The idea of forgiving debt held by poor countries in exchange for "green" investments gained ground this week during the spring meetings of the IMF and World Bank, with concrete proposals expected in time for a global climate summit this fall.

IMF, World Bank begin push to swap debt relief for green projects

French Finance Minister Bruno Le Maire on Sunday said that France's public deficit is expected to reach 9% of gross domestic product (GDP) in 2021, it is up from a previous forecast of 8.5% as the country enters its third national Coronavirus lockdown.

World Business Watch: France lifts 2021 deficit, debt forecasts, lowers GDP projections to 5%

Pressure politics, if used wisely, can be a powerful tool. The best example is Sri Lanka. In April last year, the country introduced a new rule. All coronavirus victims would be cremated and no burials.

Sri Lanka sailing in troubled waters

While debt burden imposed by China on many countries has been in news for long, Nigeria is faced with a problem that is both -- ecological and financial. Nigeria has a loan of USD 6.

Nigeria faces China's ecological, financial drain

The Wuhan Coronavirus is: Leaving cured patients with lasting symptoms. Crippling families with debt. Causing global economic losses worth trillions. WION's Palki Sharma tells you how you are paying for China's cover-up.

Gravitas: Wuhan Coronavirus pandemic: How you are paying for China's cover up?

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