Hundreds of Pakistani Christian widows and their children rely on monthly food parcels in impoverished Pakistan amid Christian persecution and an ongoing coronavirus pandemic, aid workers told Worthy News Sunday.
The world’s debt-to-GDP ratio rose to 356% in 2020, a new report from the Institute of International Finance finds, up 35 percentage points from where it stood in 2019, as countries saw their economies shrink and issued an ocean of debt to stay afloat.
The coronavirus pandemic has sent the global debt soaring to a new level, having added $24 trillion of debt in the past year, according to a study from The Institute of International Finance.
With Democrats leading both houses of Congress, the new Biden Administration may seek to pass legislation on issues ranging from pandemic relief to US Supreme Court reform, Just the News (JN) reports.
The incoming Biden administration will work toward the speedy passage of its $1.9 trillion coronavirus relief plan, Voice of America reports.
The Asharq Al Awsat Arabic international newspaper reported Sunday that Russia hosted a meeting for Syrian and Israeli officials at the Russian airbase in Hmeimim, Syria last month, Jewish Press reports. Neither Damascus nor Jerusalem has confirmed the report.
Joe Biden will sign a series of executive actions undoing U.S. President Donald J. Trump’s key policies within hours after taking the oath of office on Wednesday, his top aid says.
Europe searched for effective leadership Saturday after the collapse of several governments and an expected tough election for Germany’s next chancellor.
Several European countries were without governments Friday after Cabinets collapsed over abuse of power and corruption charges.
Sudan has officially signed the Abraham Accords, agreeing to normalize relations with Israel. The deal paves the way for Sudan to relieve its massive debt to the World Bank.
The Institute of International Finance (IFF) has issued a quarterly report showing that global debt has surged by over $15 trillion since 2019, reaching a massive new record of over $272 trillion in Q3 2020. The IFF also reports that, while there has been a dramatic increase since the COVID-19 pandemic, there has also been an “unprecedented” build-up of debt over the last four years, with global debt rising by $52 trillion since 2016.
In another move towards a new era, Israel and Sudan agreed Friday to normalize ties in a U.S.-brokered deal.
The global economy’s recovery from the pandemic recession is tentative and uneven and “marked by significant uncertainty” as confirmed coronavirus cases spread in many countries, international finance ministers warned Thursday.
The European Central Bank (ECB) says it moves towards issuing a digital version of the euro currency that critics fear could replace banknotes.
The debt of the federal government topped $27 trillion for the first time on Thursday, October 1, when it climbed from an opening balance of $26,945,391,194,615.15 to a closing balance of $27,026,921,935,432.41, according to data published by the U.S. Treasury Department.
The first debate between President Donald J. Trump and former Vice President Joseph R. Biden Jr. was underway Tuesday as the nation struggles to overcome a pandemic and social and political unrest.
The coronavirus pandemic and federal efforts to provide relief will significantly add to the federal debt in the years ahead, the Congressional Budget Office projected Monday.
In a reflection of the COVID-19 crisis and ensuing governmental measures, Global debt/GDP skyrocketed to an all-time high in the first quarter of 2020, Zero Hedge reports. Overall debt for the non-financial sector has jumped from 241% of global GDP at the end of 2019 to 252% of global GDP now. This is the biggest jump ever recorded by the Bank for International Settlements (BIS).
The deficit is projected to hit a record $3.3 trillion this year, and the national debt will exceed the size of the U.S. economy by 2021, according to a Congressional Budget Office report published Wednesday.
The coronavirus pandemic may have driven as many as 100 million people back into extreme poverty, World Bank President David Malpass warned Thursday.