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Keywords: Debt
Russia is evaluating a rescue package for its state-owned rail company, Russian Railways, which faces an overwhelming debt burden of 4 trillion roubles ($51 billion). The company, the country’s largest commercial employer with 700,000 staff, has seen revenue decline amid a slowdown in the wartime......
The 2025 G20 summit in Johannesburg marked the first time the gathering was held on African soil, with leaders from 18 of the world's major economies convening despite a US boycott. The United States, led by President Donald Trump, chose not to participate, citing unsubstantiated claims of racial......
Billionaires in the G20 countries earned a staggering $2.2 trillion in 2024, an amount that surpasses the $1.65 trillion needed to lift 3.8 billion people out of poverty worldwide, according to a report by Oxfam released ahead of the G20......
Prime Minister Abiy Ahmed announced that Ethiopia has successfully reduced its foreign debt by more than 80%, lowering it from $23 billion to $4.5 billion. This milestone marks a major achievement in the country’s economic management and fiscal discipline. The Ethiopian government......
The United States is facing a potential economic reckoning as its national debt surpasses an unprecedented $38 trillion, according to warnings from David Solomon, CEO of Goldman Sachs. Speaking at the Economic Club of Washington, Solomon emphasized the critical need for sustained economic growth to address......
Paris, October 18, 2025 — The recent downgrade of France’s sovereign credit rating by S&P Global Ratings has been described by French Economy Minister Roland Lescure as a “call for lucidity and responsibility.” He stressed that to convince rating agencies, the 2026 budget......
Paris — The suspension of France’s controversial pension reform failed to stir financial markets on Tuesday, as investors cautiously welcomed signs of short-term political stability but warned that deeper fiscal problems remain unresolved. The CAC 40 fell only 0.5% after......
French retail group Casino may soon face a new debt restructuring, less than three years after its last major financial overhaul, according to the Financial Times. The company, controlled since 2024 by Czech billionaire Daniel Kretinsky, must repay €1.4 billion by March......
Alliances Group, one of Morocco’s leading real estate developers, reported a net profit of 216 million dirhams at the end of June 2025, marking a 30% increase compared with the same period last year. The company’s gross margin reached 35% of its turnover, according to a statement released......