China Turns the Tables on Wall Street (www.wsj.com)
Beijing is upending how the international financial system handles debt crises in the developing world. Wall Street isn’t happy.
Power restored to Guinea-Bissau capital after two days (mobile.ghanaweb.com)
Turkish company Karpowership has restored power to Guinea-Bissau's capital after cutting off supplies over an unpaid bill of $15m (£12m). The company resumed operations late on Wednesday after receiving a payment of $6m from the government....
Sri Lanka says China debt deal covers $4.2 bln as talks with other creditors drag on (www.reuters.com)
Sri Lanka said on Thursday it reached an agreement with the Export-Import Bank of China covering about $4.2 billion of outstanding debt, while talks with other official creditors stall....
Gabon Coup: Gabon’s New Premier Raymond Ndong Sima Vows to Honor Nation’s Debt Commitments (ghostarchive.org)
Gabon’s new prime minister vowed to honor the nation’s debt commitments and said the military government is weighing reforms to offset the impact of higher energy prices on the economy and curb state corruption....
3.3 billion people live in countries that spend more on debt interest than education: UN (www.newindianexpress.com)
Guterres said financial markets may seem not to be suffering yet, but billions of people are and the levels of public debt are staggering and surging.
3.3 billion people live in countries that spend more on debt interest than education, UN says (apnews.com)
A new U.N. report says some 3.3 billion people – almost half of humanity – now live in countries that spend more money paying interest on their debts than on education or health.
Debt-plagued Zambia reaches deal with China, other nations to rework $6.3B in loans, French say (apnews.com)
The French government says that Zambia has reached a deal with China and several other government creditors to restructure $6.3 billion in loans. The deal was announced on the sidelines of a summit in Paris that's aimed at reforming a global financial system to better help developing nations like Zambia. The African nation...
Why There Is A Chance That The Supreme Court Could Uphold Student Loan Forgiveness - Above the Law (abovethelaw.com)
Supreme Court Ruling On Student Loan Forgiveness: Latest Update On Timing (www.forbes.com)
A Supreme Court ruling on President Biden's student loan forgiveness plan has not been released yet, but should be out very soon....
