Sierra Leone has implemented Meridian, an advanced Commonwealth Secretariat software, to better manage its public debt portfolio. This upgrade will enable the government to track loans and repayments in real time, improving financial transparency and decision-making. At the government’s request, the Secretariat held a hands-on workshop in Freetown from 17 to 28 February 2025, bringing…
The world is in debt. From developed economies to developing ones, public debt has reached a historic level—and along with it, the burden of servicing these loans. In 2024, the US, for the first time, spent more on debt servicing than on the military. The UK is in a situation popularly termed a “debt death…
Best Debt Settlement Companies of April 2025 Money/ US News Read the original article here
Underscoring the massive scale of America’s medical debt problem, a nonprofit has struck a deal to pay off old medical bills for an estimated 20 million people. New York-based Undue Medical Debt, which buys patient debt, is paying off $30 billion worth of unpaid bills in a single transaction with Pendrick Capital Partners, a Virginia-based…
Tariffs Stoke Fears That Hung Debt Will Return: Credit Weekly Bloomberg.com Read the original article here
A COUPLE from Rochester, New York, has found themselves drowning in $127,000 worth of credit card debt. Financial experts on The Ramsey Show clarified that their irregular income was not the issue, but rather their poor spending habits. 2 A couple from New York had racked up $127,000 in credit card debtCredit: Getty 2 Financial…
New Delhi: Billionaire Gautam Adani’s group and FMCG major Patanjali Ayurveda are among 26 companies that have shown interest in acquiring debt-laden Jaiprakash Associates Limited (JAL), which is currently undergoing insolvency proceedings. Jaiprakash Associates, a key player in sectors like real estate, cement manufacturing, hospitality, and engineering & construction, was admitted into the Corporate Insolvency…
Northvolt, the Swedish electric vehicle battery startup, has filed for bankruptcy in Sweden, marking the end of a company once seen as Europe’s best hope of challenging the dominant Asian battery industry. The company said in a statement it had been unable to “secure the necessary financial conditions to continue in its current form” in…
New Delhi: Billionaire Gautam Adani’s group and FMCG major Patanjali Ayurveda are among 26 companies that have shown interest in acquiring debt-laden Jaiprakash Associates Limited (JAL), which is currently undergoing insolvency proceedings. Jaiprakash Associates, a key player in sectors like real estate, cement manufacturing, hospitality, and engineering & construction, was admitted into the Corporate Insolvency…
PAEDOPHILE Gary Glitter is bankrupt after dodging a huge compensation payout to one of his victims. The shamed pop singer, 80, refused to pay £508,000 in damages, as part of a High Court order given last June, to a woman he raped when she was 12. 3 The singer, whose real name is Paul Francis Gadd, will see…