Category: World

Sun 17 July 2022: Traditional debt crisis indicators like collapsing currencies, 1,000 basis point bond spreads, and burned foreign exchange reserves show that a record number of developing nations are currently in difficulty.    Rising borrowing costs, inflation, and debt all contribute to worries about an economic collapse, which is why Belarus is on the verge of default, at least a dozen more nations are in danger of default, and countries like Lebanon, Sri Lanka, Russia, Suriname, and Zambia are already in default. The total price is staggering. Analysts estimate that $400 billion of debt is at risk using 1,000 basis point bond spreads as a pain threshold. Argentina has by far the biggest, with over $150 billion, followed by Ecuador and Egypt, each with between $40 and $45 billion. Crisis […]

Sat 16 July 2022: For pretending to be a Syrian refugee while preparing a far-right attack on powerful politicians, a German ex-soldier received a five and a half year prison sentence. Franco Albrecht is guilty of plotting a serious act of violence endangering the state, according to presiding judge Christoph Koller. The lengthy trial shed […]

Sat 16 July 2022: On Friday (July 15), the European Union formally proposed its most recent set of sanctions, which includes a ban on the import of Russian gold. In a statement, the European Commission stated that the new measures are regarded as “a maintenance and alignment package.” According to Reuters, officials referred to the […]