LONDON: Ukraine will offer to swap territory with Russia in any potential peace negotiations, President Volodymyr Zelensky said in an interview published Tuesday, adding that Europe alone would not be able to shoulder Kyiv’s war effort.
Zelensky will meet US Vice President JD Vance on Friday at the Munich Security Conference, the Ukrainian leader’s spokesman told AFP, as Washington pushes for an end to the nearly three-year war with Russia.
Vance has been a frequent critic of US support that has been vital to Ukraine’s war effort.
“There are voices which say that Europe could offer security guarantees without the Americans, and I always say no,” Zelensky told the Guardian newspaper in an interview published…

Washington:

Tech billionaire Elon Musk, who has been tapped by President Donald Trump to lead federal cost-cutting efforts, said Tuesday that the United States would go “bankrupt” without cuts.

Musk, who leads the efforts under the the newly created Department of Government Efficiency (DOGE), spoke at the White House with Trump, who has in recent weeks unleashed a flurry of orders aimed at slashing federal spending.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

…

(Bloomberg) — If it were like most companies on the losing end of a boom and bust cycle, Schwazze could just turn to the US bankruptcy court to keep its creditors at bay while renegotiating its debt. But unlike most businesses, its product — marijuana — is still illegal in the eyes of the federal government.

Most Read from Bloomberg

That disadvantage will make it harder for Schwazze and other cannabis companies to win concessions from lenders just as a wave of debt that the industry borrowed in recent years to expand in states where weed is legal comes due. The biggest companies, those that operate in more than one state, have as much as $6 billion in debt maturing next year, according to Beau Whitney, chief economist at…

SYDNEY (Reuters) – Australia’s centre-left Labor government has asked financial regulators to help would-be home buyers with student loans to enter the property ladder as it faces a tough election where sky-high housing costs have seen its popularity plunge.

At the request of Treasurer Jim Chalmers, financial regulators said they would make it easier for Australians with student debt to buy homes, Treasury said in a statement.

The office cited a response from Australian Prudential Regulation Authority (APRA) that it would tell banks that they can exclude student loan repayments from serviceability assessments where they expect a borrower to pay off their debt in the near term. 

APRA will…

 

The government has extended its “You Fight, We Help” project, offering further support to small non-bank debtors.  

 

Deputy Finance Minister Phaophum Rojanasakul announced that the Cabinet has approved the extension with two key measures.

 

Measure 1: “Pay Directly, Preserve Assets”

This measure targets non-bank debtors in arrears as of October 31, 2024. It covers a range of loan types, including car loans (up to 800,000 baht), motorcycle loans (up to 50,000 baht), supervised personal loans (up to 100,000 or 200,000 baht, depending on terms), digital personal loans (up to 20,000 baht), and nano-finance loans (up to 50,000 baht).  

 

The scheme will reduce the repayment burden over three years to 70% of the original…

A MAN who had over $70,000 drained from his account by his wife the year she divorced him is now facing terrible debt problems.

Nicholas, a small business owner in Boston, Massachusetts, owes six figures in tax and has been struggling to make ends meet for several years.

3

3

Speaking on The Ramsay Show, Nicholas revealed that his weekly paycheck is roughly $1,200, but the current slow season means that won’t be consistent.

This was after his wife spent $72,000 in 2020, the same year she divorced him.

This hit Nicholas hard…

Steven Church and Reshmi Basu
Bloomberg News (TNS)

If it were like most companies on the losing end of a boom and bust cycle, Schwazze could just turn to the U.S. bankruptcy court to keep its creditors at bay while renegotiating its debt. But unlike most businesses, its product — marijuana — is still illegal in the eyes of the federal government.

That disadvantage will make it harder for Schwazze and other cannabis companies to win concessions from lenders just as a wave of debt that the industry borrowed in recent years to expand in states where weed is legal comes due. The biggest companies, those that operate in more than one state, have as much as $6 billion in debt maturing next year,…