Russia on brink of historic default as US payment license expires

Russia was pushed closer to the brink of a historic debt default on Wednesday as the United States closed the last venue for Moscow to pay its billions in debt back to international investors, as Washington ramps up pressure on the country following its invasion of Ukraine. The US Treasury Department said on its website … Read more

Will higher interest rates trigger new eurozone debt crisis?

Pressure is piling on public finances as the sharp rise in global interest rates since the beginning of the year means that countries are having to pay more to borrow, just as economic growth risks are being snuffed out by high inflation and disruptions in supply chains. Nevertheless, the specter of another debt crisis – … Read more