Society4 years ago
'Pandemic drives broadest economic collapse in 150 years'
The coronavirus pandemic has inflicted a "swift and massive shock" that has caused the broadest collapse of the global economy in 150 years, the World Bank says.
debt
Looming US debt default jeopardizing Ukraine war: White House
Back to school means back to bigger debt in the US
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Society4 years ago
COVID-19 can roll back yrs of progress in reducing child poverty: UN
The economic consequences of COVID-19 pandemic could put up to 86 million children at the risk of poverty, the UNICEF says.
More4 years ago
Norwegian Air to run out of cash unless debt plan approved
The company has grounded 95 percent of its fleet, leaving just seven aircraft in operation.
On The News Line4 years ago
Saudi debt crisis
The oil price slump has had its share of adverse effects on the biggest oil producers in the world, including Saudi Arabia.
Politics5 years ago
UK agrees to repay £400mn debt to Iran: Envoy to London
The Iranian ambassador to the UK says Britain has agreed to pay an outstanding £400 million debt it owes to Iran plus the interest.
Lebanon5 years ago
Hezbollah supports Lebanon decision for debt default
The Hezbollah resistance movement has expressed its support for the Lebanese s government’s decision to default on the March 9 Eurobond payment.
Lebanon5 years ago
Lebanon says cannot pay Eurobond debt, sets for sovereign default
Lebanon decides not to pay the $1.2 billion foreign currency debt due on March 9.
Reports5 years ago
Lebanese economy in trouble as public debt rises
Lebanon’s already troubling economy is facing a debt burden, as currently facing a March 9 deadline that requires Lebanon to pay $1.2 billion in Eurobonds.
Lebanon5 years ago
Lebanon to ask for week-long grace period for March 9 bond: Source
Lebanon reportedly plans to ask for a 7-day grace period for a 1.2 billion-dollar Eurobond due on March 9.
Lebanon5 years ago
Lebanon approves intl. financial, legal advisers: Source
Lebanon reportedly approves asset management company Lazard to restructure the country’s debts, in an attempt to alleviate its deepening economic crisis.
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