July 3, 2024
Finance

Former emerging world finance chiefs call for debt reworks to enable climate spending

By Libby George LONDON (Reuters) – A group of prominent former emerging market finance chiefs is pressing global leaders to incorporate external shocks and climate change into debt sustainability calculations, according to a letter published on Wednesday. The signatories, former central bankers and finance ministers mostly from emerging economies from India to Argentina, also called

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Loans

China Vanke secures US$194 million loan from Industrial Bank in brief respite for troubled property developer

Heavily indebted China Vanke, one of China’s largest developers, said it has secured a long-term loan from a Chinese commercial bank, providing it some relief following its credit rating downgrade a week ago by Moody’s to junk status. The Shenzhen-based developer said in a statement filed with the Hong Kong exchange late on Tuesday that

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Loans

Student loans in Europe: Is university worth the debt?

Euronews Business looks at how fees and support systems work in higher education in Europe, particularly in the UK. We also examine how the employment of recent graduates and salaries vary by educational level. ADVERTISEMENT Higher education is costly due to the tuition fees and living expenses. The debt burden is a significant factor that

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