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

A leaked paper from the Russian finance ministry said the country's GDP will contract by 12%. The economic crisis could force Putin to rethink his war strategy. Palki Sharma tells you more.

Gravitas: Leaked paper hints at Russia's economic collapse

The economic collapse of Afghanistan has accelerated since the Taliban takeover in August. Millions have been robbed of work, hundreds are left too poor to feed their families. The desperation has led to Afghans streaming across the border into Iran. WION tells you more.

Desperation drives thousands of Afghans to cross into Iran

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