US bishops ask Trump in joint letter to pursue global debt relief in the Jubilee Year

In a world economy rocked by the whiplash of American trade tariffs that has spared few countries, the U.S. Conference of Catholic Bishops and Jubilee USA Network, an interfaith development group, have a proposition for President Donald Trump: Forgive some debts. In a joint letter dated April 8, the two organizations wrote Trump, encouraging him to build on global debt relief…

ACI Worldwide Survey Shows Nearly 40% of Taxpayers Will Use Refunds for Debt Relief

A new income tax survey from ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, developed in partnership with YouGov, shows that nearly 40% of taxpayers would use their tax refund to pay debt (e.g., credit cards, loans, etc.), suggesting that the inflationary economy is eroding disposable income as Americans turn to tax refunds for debt relief. The…

Australia’s Star Entertainment eyes Bally’s lifeline after failing to secure new debt package

[SYDNEY] Australia’s Star Entertainment on Wednesday said it was exploring a lifeline from by US casino group Bally’s Corp after an up to A$940 million (S$793.5 million) refinancing proposal from investment group Salter Brothers Capital collapsed. Sydney-based Star, Australia’s no.2 casino operator, said a number of conditions required for the Salter proposal to go ahead…

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Arab Monetary Fund gives Somalia $307m of debt relief

The Abu Dhabi-based Arab Monetary Fund (AMF) has signed a $307 million debt relief agreement with Somalia to support the African country’s economic reform programme. The agreement covers the restructuring of the debt owed by Somalia to the AMF, the 22-nation-backed fund said in a statement, without giving any further details. Somalia’s finance minister Bihi…