How New York Can Help End the Global Debt Crisis

In January, Columbia economics professors Martín Guzmán and Joseph Stiglitz published a report, “How New York State Lawmakers Can Help Address Debt Crises in the Global South,” to support legislative attempts to reform the state’s role in debt restructurings for countries with distressed economies. The report includes recommendations that legislation should blunt incentives for vulture…

South Africa reduces Eskom debt relief package

South Africa said on Wednesday that it would reduce its debt relief package for state-owned power utility Eskom by a further R20-billion and would give some of its support in loans rather than taking on the company’s debt. “Eskom is now in a much better financial position than in 2023 when the debt relief was…

Jay Chou denies losing billions of yuan in gambling

13 Mar – Jay Chou’s camp has dismissed speculations that the multihyphenate was the person previously named in a blind item about gambling debt. As reported on Mingpao, mainland China’s rumour sites recently reported that a “top-tier male star” had gambled heavily in Macau for seven days straight, and even had to borrow an exorbitant…