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What’s going on here?

KKR’s stake in Switzerland’s Selecta Group, a top vending machine outfit, is changing hands through a debt overhaul to cut 1.1 billion euros of debt.

What does this mean?

Selecta’s creditors, including Invesco and Man Group, are taking the reins in a pivotal recapitalization move. This plan injects 330 million euros to refinance debt and boost liquidity, aiming to stabilize Selecta’s finances. It’s in line with credit market trends where creditors prefer control over risking defaults. Completion is on track for the second quarter, signaling a fresh era for Selecta with its new leadership consortium.

Why should I care?

For markets: Debt relief fuels market curiosity.

Selecta’s restructuring reflects a trend of…

An earlier version of this article was published by Foreign Policy in Focus. This adaptation was produced for the Observatory by Earth | Food | Life, a project of the Independent Media Institute. John Feffer is director of Foreign Policy In Focus and Global Just Transition at the Institute for Policy Studies.

Imagine you are a low-income country. You suffer from a heavy debt burden. You’ve been trying to catch up to the more affluent countries for decades, but you’ve been unsuccessful, mainly because of that debt hanging around your neck like a giant millstone. And you are spending more and more of your precious resources dealing with the effects of climate change, from rising waters to superstorms, a crisis…

Members of the Little Rock Food Commission are asking for donations to help pay off school lunch debt. At a press conference Wednesday, LRSD Superintendent Jermall Wright said the district’s nutrition department is struggling to bridge the gap between underfunded school budgets and unpaid student lunch debt.

“Time and time again our community has stepped up to support our students, and we believe this is another moment we can come together to ensure that no child has to worry about whether they can afford to eat,” Wright said.

Little Rock Mayor Frank Scott Jr. said the issue is “monumental,” and called for policies and funding to address school lunch debt. The Little Rock Board of Directors…

Electric vehicle charging and battery storage specialists Zenobē have inked a deal with Canadian leasing company 7Gen to fund more than 500 commercial EVs and their associated charging infrastructure.

Last week, Zenobē agreed to provide up to $48 million (Canadian) in debt financing to 7Gen to help expand its vehicle-as-a-service electric truck leasing program across Canada.

7Gen supports fleet operators with a comprehensive set of vehicle leasing and financing solutions that cover EV charger deployment, energy management systems, and ongoing operational support for Canadian fleet customers operating electric trucks, vans, and school buses.

Zenobē secured $1.6 billion in equity from its joint majority…

When the economy is hard to predict, tried-and-true financial advice will serve you well, says Lauryn Williams, a certified financial planner and founder of Worth Winning.

Wenjing Yang for NPR

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Wenjing Yang for NPR

With stock market volatility and fears of price increases driven by the new tariffs, you may be worried about your finances.

In times of economic uncertainty, “focus on what you can…

May 01, 2025

In a groundbreaking initiative, more than 160,000 Cleveland residents have had their medical debt erased, totaling over $165 million in debt relief. This success stems from a 2023 decision by Cleveland City Council to allocate $1.9 million in revenue recovery funds to partner with Undue Medical Debt (formerly known as RIP Medical Debt), launching one of the city’s most impactful public support programs.

“This was a modest investment by Council, just about .3% of the amount of the federal recovery money Cleveland received, that helped so many residents,” said Councilman Kris Harsh, who sponsored the legislation. “I’m grateful…