War is stopping Ukraine from paying its debts — here’s how international powers can continue to support its recovery: Ukraine is burning through money fast. The invasion by Russia has been costly for the country. According to the International Monetary Fund, Ukraine’s GDP could shrink by 35% as a result of the war. The country’s …
China’s problem with property: the domino effect of Evergrande’s huge debts: shutterstock The Chinese property giant Evergrande is suffering under an enormous pile of debt, reportedly worth US$ 305 billion (£220 billion). There have been angry protests at its headquarters, shares have tumbled, and the eyes of the financial world remain anxiously focused on its …
South Africa in the news: S.Africa’s bad debts may hit highest ever level of 10% due to virus: Africa already in recession before pandemicBad debts could hit 10% as coronavirus knocks economy – BASAThat would mark highest ever level, over the 6% seen in 2009Banks expected to have sufficient …: “South Africa” – BingNews Gerard …
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