Kwasi Kwarteng, the chancellor of the Exchequer, is under pressure to reverse his fiscal plan after it rattled markets and prompted an open backlash among politicians.
Tag: Credit and Debt
Amid Turmoil, Can Truss Afford to Hold on to Tax-Cutting Plan?
Prime Minister Liz Truss and her chancellor of the Exchequer, Kwasi Kwarteng, say they are holding steady on their plans, but experts believe concessions are inevitable.
Debt-Stricken Sri Lanka Reaches Initial Deal for I.M.F. Bailout
The package includes nearly $3 billion in loans for an island nation that ousted its president amid a devastating economic crisis.
Where China Is Changing Its Diplomatic Ways (at Least a Little)
As relations with the U.S. and Europe plummet, Beijing is beginning a new wave of diplomacy in Africa, where it dominates trade with resource-rich nations.
How (and Why) We Calculated the Value of Haiti’s Payments to France
We wanted to know how much Haiti had paid over generations. So we set out to compile the data.
Boris Becker Sentenced to Prison for Hiding Assets in Bankruptcy
The former tennis champion was found guilty by a London court on charges related to his 2017 insolvency.
What Will Happen if Russia Defaults on Its Debt?
The ultimate arbiter of a sovereign default is an open question but markets may have the final word.
Sri Lanka’s President Gotabaya Rajapaksa Faces Huge Protest
Gotabaya Rajapaksa is used to silencing and discrediting his political opponents. But that’s harder to do this time.
Sri Lanka Economy Has ‘Hit Rock Bottom,’ Putting Pressure on President
A debt crisis is disrupting life across Sri Lanka, where food and fuel are suddenly either unavailable or exorbitantly priced. Protests are rising against a president with a reputation for brutality.
Pakistan’s Cricket-Star-Turned-Prime Minister Fights for Survival
Soaring inflation and a rift with the military threaten Imran Khan’s tenure as prime minister. He has dismissed criticism as a foreign conspiracy.