The Maldives, a popular tourist destination, is facing a severe financial crisis as investors rush to offload the country's Islamic bonds, known as sukuk. The selloff has intensified in recent weeks, with the dollar-denominated sukuk due in 2026 dropping below 70 cents on the dollar, a record low.

Traders dump Maldives debt amid growing default risks

Pakistan is on the precipice of default, Moody's has warned. The credit ratings agency said time is running out for Pakistan to convince International Monetary Fund (IMF) to release the remaining tranche of the $2.

Pakistan running out of time, could default, says credit rating agency Moody's

US President Joe Biden and top congressional Republican Kevin McCarthy will meet on Tuesday to make progress on a deal to raise the US government's $31.4 trillion debt ceiling.

‘Time is running out’ as Joe Biden, McCarthy meet in bid to resolve US debt ceiling deadlock

The risk of default has risen in US. US default risks and US debt limit stalemate are hurting sentiments. US President Joe Biden says that Congress needs to move fast on debt limit. For details, watch the video.

Biden says US needs to move fast on debt limit

The US Treasury Secretary Janet Yellen on Friday wrote a letter to House Speaker Kevin McCarthy, warning that the country was about to hit its debt ceiling limit and that extraordinary measures were needed to avoid defaulting.

US perilously close to hitting debt limit and defaulting, warns treasury secretary Janet Yellen

A record number of developing countries are now in difficulty, according to traditional debt crisis indicators like collapsing currencies, 1,000 basis point bond spreads, and burnt foreign exchange reserves.

Is it time for 'the big default'? Dozen countries moving towards economic collapse

Russia has defaulted on its foreign debt for the first time since 1918. The Kremlin says it has the means and the will to pay, but its money is blocked by western sanctions. Palki Sharma Upadhyay brings you a report.

Gravitas: Russian defaults on foreign debt

For the first time in over a century, Russia has defaulted on its sovereign debt. Kremlin called the default a 'farce'. Moscow said that Western sanctions made payment impossible.

Russia defaults on sovereign debt: Kremlin calls it a 'farce'

Embattled Chinese real estate firm Evergrande has once again met a deadline to pay overdue interest on three US-dollar bonds before their grace periods ended. This means that the Chinese developer has averted another potential default.

Embattled Chinese firm, Evergrande, meets deadline again; avoids default

Fears of contagion from the potential collapse of battered Chinese real estate giant Evergrande sent property shares plunging in Hong Kong on Monday, with the firm expected to default on upcoming interest payments this week.

Evergrande contagion fears hit Hong Kong stocks, with default expected

India might have faced a bitter defeat by the hands of the Kiwis but there was a moment during the match when the Indian team and Spectators burst out in laughter.

Netizens go gaga over Virat Kohli's bowling action in second Test against Kiwis

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