In the past couple of years, Moscow reduced foriegn debt and saved money to fight any eventuality. But it will need much more to fight its economic woes.
Americans stare at a future full of obstacles as unemployment exceeds 16 percent and household debt crosses the $14 trillion mark.
United Nations Conference on Trade and Development says developing world needs debt write-off to overcome Covid-19 fallouts since they are already struggling with a rapidly growing debt burden.
In a matter of days, African leaders have made multiple appeals for financial aid to combat the impact of the Covid-19 pandemic.
Poor countries are saddled with billions in loans from rich countries, and the coronavirus threatens to trap them in a vicious cycle of debt.
With a debt load of about $10.5 billion and the possibility of an impending cash shortfall, Wall Street expects the luxury electric carmaker to need to raise funds before long.
The announcement came after a week of protests against the new income tax bill brought about by IMF-demanded austerity measures.
New reforms, including restrictions on the right to strike, are set to be approved as the country hopes to get more bailout funding.
A new survey says 44 million Americans have a second job and the people most likely to be making cash on the side are millennials.
China seeks to increase ties in the ex-Soviet Central Asia region which Russia has traditionally viewed as its backyard.
Despite the growth most China observers agree that the world's second-biggest economy will continue to cool as authorities reduce high levels of debt across many of the heavy industries, crack down on financial risks and tighten monetary conditions.
Slowing growth and rising debt prompted Moody's credit-rating agency to issue the downgrade. Falling investment and a fast aging population are other factors that contributed to the revision.
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