2 December, 2024 Posted by Abdirisaq Shino Somalia has finalized a debt relief agreement with France totaling $145.6 million, marking another significant milestone in the country’s economic recovery efforts. Somalia’s Finance Minister Bihi Iman Ege signed the agreement with French Ambassador Arnaud Suquet, building on recent debt relief successes. Last month, Somalia achieved notable debt…
Key Takeaways Credit and debit card spending by household was up 1.0% in October compared to the year prior, up from a decline in September, according to a recent report. If you’re feeling pressured to spend more this holiday season, consider strategies and tools like debt consolidation, balance transfers, and budgeting apps before taking on…
If you recently received a salary increase or haven’t updated your income information with your credit card issuer in a while, you might qualify for a credit limit increase. By securing a higher credit limit, you’ll be giving yourself more spending power and keeping your credit utilization rate low — and these factors make up a…
President-elect Donald Trump is unlikely to continue many of Biden’s student-debt relief efforts. Borrowers are still waiting for a final court decision on the SAVE student-loan repayment plan. Even if the plan survives the courts, Trump and GOP lawmakers could take steps to rein in relief. During his term as president, Joe Biden has used…
New reports suggest that Bruno Mars‘ heavy gambling habits might have landed him in serious trouble. It is said that the singer, who at one time supported himself by working as a professional poker player, has racked up huge debts at the table over the course of his career. A Vegas insider told News Nation,…
Key Points The government has announced plans to eliminate $16 billion worth of student debt. Students with tertiary education debt would have 20 per cent of their loan debt wiped. The prime minister said the next election is about the next generation. The Albanese government is promising to cut tertiary student and apprentice debts if…
CAI MENG/CHINA DAILY On Nov 8, the Standing Committee of the National People”s Congress approved an increase of 6 trillion yuan ($828 billion) in the local government special bond ceiling to replace outstanding hidden debt — or liabilities of local governments that are not officially recorded. The increase is designated for swapping outstanding implicit debts,…
New laws that will wipe hundreds of dollars from the university debts of millions of Australians have passed the Senate. The legislation will change how annual indexation charges on HECS-HELP debts are calculated. Currently, it’s based on the Consumer Price Index, which caused loans to surge by 7.1 per cent last year. New laws that…
After months of anticipation, the Federal Government’s changes to the HECS indexation rules have finally become law, passing through Parliament on Tuesday night. Under the new legislation, the annual indexation of student loans will be capped at the lower of either inflation or wage growth. This change, which takes effect retroactively from June 2023, will…
President-elect Donald Trump is unlikely to continue many of Biden’s student-debt relief efforts. Borrowers are still waiting for a final court decision on the SAVE student-loan repayment plan. Even if the plan survives the courts, Trump and GOP lawmakers could take steps to rein in relief. During his term as president, Joe Biden has used…