Konica Minolta announces £32m liquidation

Konica Minolta has announced its intention to liquidate a manufacturing subsidiary in China, which has been calculated to result in a financial loss of approximately ¥6bn (£31.7m). Konica Minolta Business Technologies, also known as Konica Minolta WUXI, primarily produces imaging products and office machines. The company first decided to end production at the WUXI plant…

Debt relief and shared development: a collaborative pathway for global progress

Dear Editor Abbasi’s article presents a clear and morally compelling argument: both low-income countries trapped in debt crises and medical graduates burdened by substantial loans face inequitable financial obligations that hinder development, exacerbate inequalities, and harm health and well-being. The concept of “extraction deficits” introduced in the article underscores the historical and climate-related reparations owed…

EU suspends debt aid to Zimbabwe over ‘draconian’ new law

The European Union (EU) has frozen debt relief aid to Zimbabwe after President Emmerson Mnangagwa signed a controversial law targeting civil society and non-governmental organisations (NGOs). Mnangagwa, on Friday, signed the Private Voluntary Organisations (PVO) Amendment Bill into law, ignoring the advice of four United Nations human rights rapporteurs who described it as an assault…