debt crisis

If the debt crisis roiling Washington were eventually to send the United States crashing into recession, America's economy would hardly sink alone. A poster at a bus shelter shows the national debt in Washington, DC.(AFP) The…

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WASHINGTON: The world is facing a "fifth wave of debt crisis," World Bank President David Malpass warned Friday, calling for more support for countries in distress. The pandemic forced many countries to take on more borrowing, and the World…

<!-- -->Countries at risk of an economic crisis from the rampant dollarA rampant dollar at a two-decade high crushing most currencies' buying power in international markets, fears of an economic downturn and burned foreign exchange…

Some of the world's poorest nations face a serious debt crisis which will greatly complicate efforts to recover from the recession wrought by the COVID-19 pandemic. More than 70 low-income nations are facing extra debt repayments of almost…

The story so far: The bipartisan fight between U.S. Democrats and Republicans over the ceiling on U.S. Government debt has thrown up an interesting idea. Some in the Democratic camp have suggested that a $1 trillion platinum coin may be…

A development in the US gave the Aussie sharemarket a boost but experts warn it is just ‘kicking the can down the road’.The Australian sharemarket surged higher for the second straight day, with a development in the US providing a boost,…