The Business Times

Public debt

Global Enterprise

After years of overspending, France wants to slash public holidays to tackle ‘debt’ curse

‘Debt-for-nature’ swaps, which reduce a country’s debt in return for conservation commitments, have gained traction in recent years with deals involving the Amazon rainforest. (Photo by EVARISTO SA / AFP)
ESG

US climate pullback threatens planned debt-for-nature deals

A trader working on the floor of the New York Stock Exchange. Recent ructions in US Treasuries mostly reflect a well-functioning machine clearing out a well-documented excess of leverage, says the writer.
Opinion & Features

There isn’t a practical alternative to US Treasuries

China's President Xi Jinping has labeled local government debt, property-market and financial-sector woes as the three “major economic and financial risks” facing China.
Global Enterprise

How China’s planning its biggest push in years to cut hidden debt

Changes proposed by China's top legislative body will require annual progress reports on debt management work from the cabinet and local governments, spokesperson Huang Haihua said.
Global Enterprise

China plans to tighten scrutiny of government debt

Japan’s public debt, at twice the size of its economy, is the largest among major nations due to huge spending packages delivered in the past and the rising social welfare costs for a rapidly ageing population. REUTERS
International

Japan must avoid issuing debt to fund fresh spending: IMF

Debt is tipped to increase in the US, Brazil, France, Italy, South Africa and the UK, according to the IMF report.
International

Global public debt to hit US$100 trillion by end of 2024: IMF

epa11462187 Britain's Prime Minister Keir Starmer speaks during a news conference following his first cabinet meeting, at Downing Street in London, Britain, 06 July 2024. A former Bank of England economist, the first Black Briton to attend Harvard Law School and an ex-union worker are among those given top jobs in Britain's first Labour government in 14 years. Keir Starmer became the country's new prime minister on 05 July, after his party won a landslide victory in the general election. EPA-EFE/CHRIS J. RATCLIFFE / POOL
International

UK economic data delivers fresh blow to new government

FILE PHOTO: A bank employee counts pound notes at Kasikornbank in Bangkok, Thailand, October 12, 2010. REUTERS/Sukree Sukplang/File Photo
Banking & Finance

UK borrows more than expected in July, underlining challenge for Reeves

Following near-zero growth in 2023, the UK economy is expected to grow by 0.7 per cent this year, before accelerating to 1.5 per cent in 2025 and 1.7 per cent in 2026.
International

IMF warns Britain faces ‘difficult choices’ to fix economy

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