Gerhardi Kunststofftechnik GmbH, a German company that produced emblems for Mercedes-Benz, has declared bankruptcy. The reason was the drop in demand for its products and the crisis in the European automobile industry, foreign media write, Telegraph reports. The German company failed to meet the challenges facing the modern European automotive industry due to the decline…
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The paradox of plenty in Africa is as visible as it is frustrating – a continent endowed with immense natural wealth yet burdened by poverty, hunger, and unsustainable debt. Every year, $90 billion escapes Africa through illicit financial flows, funds that could transform healthcare and infrastructure. Meanwhile, about 282 million people remain undernourished, and more than…
BEIJING – In China’s take on Squid Game, fraudsters are preying on the financially distressed in a slumping economy with promises of prize money, debt restructuring and other schemes that are not always what is promised. Unlike the dystopian South Korean TV series, which returns to the small screen for a second season on Dec…
Avoid new debt in 2025 getty According to latest data from the New York Federal Reserve, total household debt in the United States has reached $17.94 trillion. This highlights the growing financial pressures faced by many Americans, where rising costs and unexpected expenses often derail even the most diligent financial plans. In 2025, learning how…