Global Public Debt Will Hit 100 Trillion by Yearend Says Imf

Credit card debt hits record $1.17 trillion, New York Fed research shows

Credit card balances rose in the third quarter of 2024, the Federal Reserve Bank of New York found.

Business - CNBC - November 13

Cop29 live updates: Carbon credit trade rules approved, breaking lengthy deadlock

Draft decision on article 6 approved with no objections. UN climate chief Simon Stiell gave a moving speech at the Cop29 opening plenary on Monday, writes Dharna Noor, fossil fuels and climate ...

World - The Guardian - November 11

Climate breakdown will hit global growth by a third, say central banks

New modelling finds risk to global economies much worse than previously thought, but group of central banks says even this may be an underestimate. The physical shocks caused by climate breakdown ...

World - The Guardian - November 8

Sovereign debt is the biggest risk to global growth in 2025, Saudi finance minister says

Global public debt hit a record $97 trillion in 2023, prompting the UN to call for urgent reforms for governments and financial systems around the world.

Business - CNBC - October 31

Reeves’s £40bn tax rises will boost growth ‘sustainably’, says IMF

Rare intervention comes as Resolution Foundation says UK will remain ‘stagnation nation’ despite push to invest. ‘It has a political vision’: five viewpoints on budget Budget 2024: what it ...

World - The Guardian - October 31

ASEAN continues to emerge as a winner of U.S.-China trade tensions, IMF says

Southeast Asia has continued to emerge as an economic winner of increasing geopolitical tensions between China and the United States, according to the IMF.

Business - CNBC - November 1

China announces $1.4 trillion package over five years to tackle local governments' 'hidden' debt

Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging economy.

Business - CNBC - November 8

Americans’ $1 trillion credit-card debt problem is inching in the right direction as inflation eases

Americans are still building up their credit-card balances, but they’re doing a better job paying those bills on time — and it could be sign that inflation’s bite is easing.

Business - MarketWatch - November 14

How to fight the silent debt crisis engulfing the global south

Multilateral institutions must help these countries find the money to stave off climate change

World - Financial Times - 2 days ago

Crypto Industry Pushes Policy Change Agenda as Global Investment Tops $3.2 Trillion

Crypto companies want the Trump administration to promote digital assets and can expect a friendlier regulatory climate. The U.S. election has pushed global crytpo totals to record highs.

Business - Inc. - November 14

Gambling poses huge global threat to public health, experts warn

Lancet commission calls for gambling to be treated in same way as alcohol and tobacco after technology widens reach. Gambling poses a growing worldwide threat to public health, with its rapid ...

World - The Guardian - October 24

Tesla hits $1 trillion market cap as stock rallies after Trump win

Shares of Tesla climbed in afternoon trading Friday, pushing the electric vehicle maker's market cap past $1 trillion.

Business - CNBC - November 8

Tesla’s market cap hits $1 trillion after another Trump-fueled jump for the stock

Tesla Inc.’s market valuation hit $1 trillion on Friday, after a post-election rally lifted the electric-vehicle maker’s stock by more than 25% on hopes the incoming Trump administration could ...

Business - MarketWatch - November 8

IMF hails Reeves’ ‘sustainable’ tax rises; Resolution Foundation says budget marks ‘decisive shift from planned cuts’ – business live

Foundation says there will be better funded public services in schools, NHS and justice but households face further squeeze. And a few more – Resolution Foundation analysis:. Tax and benefit ...

World - The Guardian - October 31

Global gold demand tops $100 billion for first time ever in third quarter

Global gold demand climbed to a third-quarter record high, with the value of demand for the precious metal topping $100 billion for the first time ever, according to a report from the World Gold ...

Business - MarketWatch - October 30

RFK Jr could have disastrous global impact on public health, experts fear

Concerns anti-vaccine pick for US health secretary could pursue ‘anti-science positions’ on life-saving interventions. The appointment of a US health secretary with anti-vaccine views could cause ...

World - The Guardian - November 15

Public sector pay rises and debt interest costs push up UK government borrowing; Bitcoin nearing $100,000 – business live

UK records the second highest October borrowing since 1993, while crypto-friendly Trump pushes bitcoin towards $100k. The jump in UK borrowing last month ( see opening post ) makes it hard for ...

World - The Guardian - Yesterday

Former British colonies owe ‘debt of gratitude’, says Robert Jenrick

Tory leadership candidate wades into reparations debate, arguing empire brought democratic institutions. UK politics live – latest updates Britain’s former colonies should be thankful for the ...

World - The Guardian - October 29

Credit card debt among retirees jumps — 'It's alarming,' researcher says

There's been a significant increase in the share of retirees with credit card debt since 2022, according to the Employee Benefit Research Institute.

Business - CNBC - November 11

Is debt forgiveness a good option right now? Here's what experts say

If you're deep in debt, pursuing this type of relief may be an option — but it won't make sense for everyone.

One medic left at Gaza hospital as Israel says it arrested 100 ‘terrorists’

Only one doctor remains at Kamal Adwan Hospital after a days-long Israeli raid, the Hamas-run health ministry says.

U.N. says 100 Gaza aid trucks were looted over weekend

The United Nations says virtually no aid has reached Northern Gaza as Israel carries out an offensive in the area. Nearly 100 aid trucks were looted over the weekend. CBS News senior foreign ...

U.K. government bond yields hit 2024 highs as traders balk at increased debt sales

Benchmark U.K. bond yields hit their highs of the year on Thursday as investors balked at the increased borrowing set out in the government’s budget.

Business - MarketWatch - October 31

Credit card debt just hit a new high. Here's how to tackle yours now.

The total amount of credit card debt nationwide just keeps climbing. Here's how to get rid of your card debt now.

RFK Jr. says Trump promised him 'control' of public health agencies

Robert F. Kennedy Jr. said Monday that former President Trump has promised him “control” of public health agencies, including the Department of Health and Human Services (HHS) and the Department of ...

Politics - The Hill - October 30

NYT says public may not see political needle on election night

The New York Times’s signature election needle may not be available to the public as results come in Tuesday night amid an ongoing strike by the outlet’s technology staff, the paper’s election ...

Politics - The Hill - November 5

‘No threat to public’ after bomb threats, Pennsylvania governor says

Pennsylvania Gov. Josh Shapiro confirmed that there were "multiple bomb threats" at polling locations. Shapiro assured the public that the threats were not credible.

Police chief says public not warned about discarded novichok container

Counter-terrorism commander says risk of contamination in Salisbury was not discussed with public health leaders. People were not warned against picking up discarded objects after the 2018 novichok ...

World - The Guardian - 4 days ago

Key Democrat says the ethics report on Matt Gaetz should be made public

The top Democrat on the House Ethics Committee says a report on Rep. Matt Gaetz, Donald Trump's pick for attorney general, should be made public.

Matt Gaetz's accusers don't want to testify in public, their lawyer says

WASHINGTON — A lawyer for two women who have accused former Rep.

Politics - NBC News - 3 days ago

U.S. election won't be an 'uneventful event' for global markets, UBS chief says

Ermotti forecasts "market movements" will take place in the wake of the upcoming U.S. elections, no matter who wins leadership of the world's largest economy.

Business - CNBC - October 30

Global biodiversity offsetting doesn’t work – keep schemes local, say experts

Voluntary standards proposed at Cop16 focus on local like-for-like habitat projects, while critics call the issue a ‘distraction’. International biodiversity offsetting “doesn’t work”, according to ...

World - The Guardian - November 11

Global plastic production must be cut to curb pollution, study says

Analysis lays bare huge challenge of mismanaged waste on eve of UN plastic treaty talks in Busan. Global plastic production must be reduced to tackle the immense challenge of plastic pollution , ...

World - The Guardian - November 14

Maro Itoje says England is ‘the mecca’ amid talk of global breakaway league

Proposal of touring eight-team franchise competition RFU would not select any breakaway players for England Maro Itoje has insisted that playing for England is “the mecca” amid fears Steve ...

World - The Guardian - 4 days ago

Chinese EV makers' go-global drive hits bumps amid Beijing's warning, failed deals

World - Yahoo News - November 14

Russia-U.S. tensions hit global markets as Putin lowers the threshold for a nuclear strike

Stocks fell and investors fled to safe haven assets on Tuesday, as global markets reacted to escalating tensions between the world's two largest nuclear powers.

Business - CNBC - 3 days ago

U.S. Treasury says debt-auction sizes can remain steady for next several quarters

Agency to auction $125 billion next week, unchanged from last quarter

Business - MarketWatch - October 30

Should you use home equity to pay off debt before the holidays? What experts say

Using home equity to pay off debt before the holidays could make sense for some, but not everyone.

Global Public Debt Will Hit 100 Trillion by Yearend Says Imf

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