In addition to the news division, layoffs would take place in its business, content, tech and administrative teams. Pulitzer Prize-winning digital media
Tag: Debt
Japan, India, France form common platform for Sri Lanka creditors | Debt News
It remains uncertain whether China, Sri Lanka’s biggest bilateral creditor, will join the initiative launched by Japan. Japan, India and France have
Kenya presidency rules out default as cash crunch delays salaries | Debt News
Kenya’s annual interest payments on domestic debt alone have surged from $1.34bn to $5.09bn in almost a decade, heaping pressure on its
Who is Gautam Adani and why is he controversial? | Business and Economy News
Allegations of stock market manipulation and fraud have halved the net worth of Indian tycoon Gautam Adani, one of the wealthiest people
Adani crisis ignites India contagion fears, credit warnings | Business and Economy News
Financial contagion fears spread in India on Friday as Adani Group’s crisis worsened, with ratings agency Moody’s warning the conglomerate may struggle
India’s Adani’s losses swell above $100bn | Business and Economy News
Adani’s market losses swelled above $100bn on Thursday, sparking worries about a potential systemic impact a day after the Indian group’s flagship
Bangladesh to get $4.7bn IMF package | Business and Economy News
The funding comes under a new programme which aims to help vulnerable middle-income countries and island states. The International Monetary Fund’s (IMF)
India’s Adani firms lose $65bn in value | Business and Economy News
Most Adani Group shares fell sharply on Monday as the Indian conglomerate’s rebuttal of a US short seller’s criticism failed to pacify
US starts using extraordinary measures to avoid hitting debt cap | Business and Economy News
The period of time that extraordinary measures may last is subject to ‘considerable uncertainty’ Janet Yellen warned. The United States government has
Wall Street investment banks slammed, execs hope for better days | Business and Economy News
Wall Street banks have shown deep falls in their investment banking businesses in the fourth quarter, prompting thousands of job cuts, but
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