AJ Impact

Africa is borrowing like it's the 1990s - and IMF is worried

Twenty of 54 countries in sub-Saharan Africa have government debt that is at or near distressed levels, the IMF warned.

Africa is borrowing like it's the 1990s - and IMF is worried

AJ Impact

Nigeria's parliament passes record budget for 2020

The budget assumes a deficit of 1.52 percent of estimated GDP, to be financed with foreign and domestic debt.

Nigeria's parliament passes record budget for 2020

AJ Impact

Argentina's currency controls: Tough lessons and tough decisions

While Argentines play 'cat and mouse' with currency controls, lifting them is one of many challenges Fernandez faces.

Argentina's currency controls: Tough lessons and tough decisions

AJ Impact

Higher tariffs send South Africa's Eskom to interim profit

Widely expected to post a loss, the struggling state-owned utility doubled its profit in the first half of the year.

Higher tariffs send South Africa's Eskom to interim profit

AJ Impact

Decision time: Lebanon faces significant debt crunch

The government faces three options as its debt repayment deadline looms: default, restructure or repay.

Decision time: Lebanon faces significant debt crunch

AJ Impact

China raises $6bn in its biggest-ever international bond sale

Beijing takes advantage of 'inexpensive financing' on global market, selling four tranches of dollar-denominated debt.

China raises $6bn in its biggest-ever international bond sale

AJ Impact

Mexico gets a new, smaller and flexible $61bn IMF credit line

IMF: The funds could boost market confidence at a time when the country's economy is facing multiple risks.

Mexico gets a new, smaller and flexible $61bn IMF credit line

AJ Impact

No new taxes in Jordan's 2020 budget, says finance minister

Struggling to lower record high debt under a three-year IMF programme, Jordan will crack down on tax evasion instead.

No new taxes in Jordan's 2020 budget, says finance minister

AJ Impact

In SoftBank revamp, WeWork is laying off 2,400 employees globally

Workers are demanding 'severance pay, continuation of company-paid health insurance and compensation for lost equity'.

In SoftBank revamp, WeWork is laying off 2,400 employees globally

AJ Impact

US releases data on salaries and debt levels by college major

The statistics show income - or lack thereof - based on specific degree programmes, and some results may be surprising.

US releases data on salaries and debt levels by college major

AJ Impact

US military spending: Many Americans now believe less is more

Higher percentage show preference for non-military solutions like trade, investment, and diplomacy in a divided world.

US military spending: Many Americans now believe less is more

AJ Impact

US household debt hits a record, nearing $14 trillion: NY Fed

Mortgage debt rose by $31bn to $9.44 trillion while auto, credit card, and student loan debt balances also spiked.

US household debt hits a record, nearing $14 trillion: NY Fed

AJ Impact

IMF releasing first tranche of $6bn loan package for Pakistan

With an eased debt burden and inflation that has slightly slowed, Islamabad still wrestles with big economic challenges.

IMF releasing first tranche of $6bn loan package for Pakistan

AJ Impact

South Africa issues Eskom rescue scheme, but debt problems linger

New plan will lower fuel costs, use more renewables, allow the utility to sell assets - and open up more competition.

South Africa issues Eskom rescue scheme, but debt problems linger

AJ IMPACT

Hard times: India's steelmakers pay for making hasty bets

A slowdown in sales of cars and real estate has hurt demand for steel and steelmakers' profits.

Hard times: India's steelmakers pay for making hasty bets