‘Buy now, pay later’ schemes are booming. But with more users turning to them, are they as risk-free as they seem? “Buy now, pay later” has become a retail fixture seemingly overnight, and Cyber Monday is set to be the services’ biggest sales day yet. But as these payment options offer customers freedom and flexibility, … Read more
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 … Read more
African nations are drowning in debt. A halt of US aid to many countries on the continent could worsen the crisis. Africa is a continent rich in natural resources with a young population. African nations in theory have the potential to transform their economies. But many of them are facing mountains of debt. Africa’s external … Read more
New French PM promises ‘targeted tax hikes’ and spending cuts in order to cut budget deficit, national debt. France’s new Prime Minister Michel Barnier has outlined the policy programme of his new government, seeking to shore up its fragile position just three weeks after taking office. In his first policy speech on Tuesday, Barnier said … Read more
US debt is on track to reach more than $50 trillion dollars over the next decade. The US is more than $34 trillion dollars in debt. That’s almost equal to its entire gross domestic product (GDP). The figure is bigger than any other nation’s debt, but does that matter when Washington issues the world’s leading … Read more