Could soaring global debt trigger the next financial crisis? | Business and Economy

Could soaring global debt trigger the next financial crisis? | Business and Economy

The IMF says global public debt could exceed 100% of GDP by the end of the decade. Governments around the world now owe nearly $100 trillion in public debt. That’s almost double what they owed just a decade ago. The International Monetary Fund warns that by 2029, global debt will surpass 100 percent of the […]

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Can China and Russia weather challenges posed by the West? | Business and Economy News

Can China and Russia weather challenges posed by the West? | Business and Economy News

Beijing and Moscow pledge to strengthen their relations after visit by Russian prime minister. China has been Russia’s largest trading partner for 15 consecutive years. Trade between the two countries reached nearly $245bn in 2024, rising 1.9 percent year-on-year. But commerce between the pair has taken a hit in recent months, following pressure exerted by

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Pope Leo calls for ‘deep reflection’ about treatment of detained migrants in U.S.

Pope Leo calls for ‘deep reflection’ about treatment of detained migrants in U.S.

Pope Leo XIV called for “deep reflection” in the United States about the treatment of migrants held in detention, saying that “many people who have lived for years and years and years, never causing problems, have been deeply affected by what is going on right now.” The Chicago-born pope was responding Tuesday to a range

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Europe’s climate bubble bursts on the eve of crucial summit – POLITICO

Europe’s climate bubble bursts on the eve of crucial summit – POLITICO

Instead, ministers on Wednesday agreed an 85 percent cut in domestic emissions by 2040. Governments intend to achieve the remaining 5 percentage points by paying other countries to reduce pollution on the bloc’s behalf, a system of purchases known as carbon credits.  The deal also opened the door to outsourcing additional efforts as part of

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Man touches Mexican president while she speaks with citizens in Mexico City streets

Man touches Mexican president while she speaks with citizens in Mexico City streets

MEXICO CITY (AP) — While Mexican President Claudia Sheinbaum spoke with citizens in the street in Mexico City’s historic downtown Tuesday, a man who appeared to be inebriated stepped up behind her and touched her before a government official intervened. In a video circulating widely on social platforms, the man appeared to lean in for

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Can peace return to Sudan after thousands killed in el-Fasher? | TV Shows

Can peace return to Sudan after thousands killed in el-Fasher? | TV Shows

The secretary-general of the United Nations has described the latest wave of atrocities reportedly committed by the paramilitary Rapid Support Forces in Sudan’s city of el-Fasher as “a nightmare of violence and a horrifying crisis”. Thousands of people are believed to have been killed, and many more displaced, after the paramilitary group took over the

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Rescuers search Nepal mountain for climbers lost in avalanche

Rescuers search Nepal mountain for climbers lost in avalanche

KATHMANDU, Nepal (AP) — Rescuers dug through ice and snow on a mountain in Nepal on Tuesday to look for the bodies of seven climbers who were killed by an avalanche, officials said. The avalanche pounded the base camp at Mount Yalung Ri, located at 4,900 meters (16,000 feet), on Monday morning. Snowstorms prevented rescuers

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