Tag #Debt

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allafrica.com

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Dec 18, 10:12

Gauteng's Water Crisis: A Multi-Level Failure

Gauteng, South Africa's water crisis stems from aging infrastructure, high non-revenue water (46% in Johannesburg), and unpaid bills from state entities (R18.6 billion owed) and consumers, creating a vicious cycle hindering effective solutions.

Gauteng's Water Crisis: A Multi-Level Failure

Gauteng, South Africa's water crisis stems from aging infrastructure, high non-revenue water (46% in Johannesburg), and unpaid bills from state entities (R18.6 billion owed) and consumers, creating a vicious cycle hindering effective solutions.

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Clean Water and Sanitation

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What long-term strategies are needed to break the cycle of blame and ensure a sustainable water supply for Gauteng?

Solving Gauteng's water crisis requires a multi-pronged approach. State entities must prioritize paying their debts to municipalities. Municipalities need to improve billing systems and address leaks efficiently. Simultaneously, residents and businesses must take responsibility for paying their bills. Addressing this requires a fundamental shift in accountability and collaboration across all stakeholders.

sueddeutsche.de

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Dec 18, 22:08

Munich's Mounting Debt Amidst Record Revenues

Munich's debt is rising despite record revenues, reaching 326 million euros for interest and repayment alone; a new 70-million-euro housing project and upcoming IAA events further strain the budget.

Munich's Mounting Debt Amidst Record Revenues

Munich's debt is rising despite record revenues, reaching 326 million euros for interest and repayment alone; a new 70-million-euro housing project and upcoming IAA events further strain the budget.

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What long-term strategies should Munich adopt to address its growing debt and ensure financial stability?

Munich's financial challenges necessitate a critical review of spending and revenue generation. The high cost of the housing project and the city's commitment to hosting future IAA events may intensify financial pressures unless effective cost-cutting measures are adopted.

theguardian.com

🌐 85% Global Worthiness

Dec 16, 10:09

Victorian Treasurer Tim Pallas Resigns, Leaving $155.2bn Debt

Victorian Treasurer Tim Pallas announced his resignation from politics on Monday after 10 years in the role, leaving a $155.2bn debt and prompting a by-election in his Werribee seat and a cabinet reshuffle before Christmas.

Victorian Treasurer Tim Pallas Resigns, Leaving $155.2bn Debt

Victorian Treasurer Tim Pallas announced his resignation from politics on Monday after 10 years in the role, leaving a $155.2bn debt and prompting a by-election in his Werribee seat and a cabinet reshuffle before Christmas.

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What are the immediate implications of Tim Pallas's resignation for the Victorian Labor government?

Tim Pallas, Victoria's long-serving treasurer, resigned from politics after a decade in the role, leaving a significant gap in the Victorian Labor government. His departure comes at a challenging time, with Victoria facing a net debt of $155.2 billion and the need to replace him as treasurer. The opposition has criticized his legacy, citing the rising debt.

zeit.de

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Dec 15, 19:11

German Election: Clashing Economic and Climate Policies

Germany's upcoming election features stark policy contrasts: the Union favors fiscal conservatism and tax cuts, while the SPD champions large-scale investments and higher taxes on the wealthy; climate policies also sharply diverge.

German Election: Clashing Economic and Climate Policies

Germany's upcoming election features stark policy contrasts: the Union favors fiscal conservatism and tax cuts, while the SPD champions large-scale investments and higher taxes on the wealthy; climate policies also sharply diverge.

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How do the parties' approaches to climate change differ, and what are the implications for German environmental policy?

Differing economic policies are central to the campaigns. The Union focuses on corporate tax cuts and deregulation, whereas the SPD emphasizes large-scale investments and increased taxation of high earners and inheritances. These contrasting approaches reflect fundamental disagreements on the role of government in the economy.

kathimerini.gr

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Dec 11, 19:12

Greek Government's Economic Policies Under Fire for High Costs and Inequality

SYRIZA MP Nikos Pappas criticizes the Greek government's economic policies, citing a €40 billion cost from privatizing public bank shares, a €2.5 billion tax increase planned for 2025, and Greece lagging in investments compared to the EU average; he warns against these policies given potential inter...

Greek Government's Economic Policies Under Fire for High Costs and Inequality

SYRIZA MP Nikos Pappas criticizes the Greek government's economic policies, citing a €40 billion cost from privatizing public bank shares, a €2.5 billion tax increase planned for 2025, and Greece lagging in investments compared to the EU average; he warns against these policies given potential inter...

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What are the immediate economic consequences for Greek citizens of the government's privatization of public bank shares and its broader economic policies?

"The Greek government's privatization of public bank shares cost taxpayers €40 billion, according to a KEPE study, says SYRIZA MP Nikos Pappas, who criticizes the government's economic policies. He points to a €2.5 billion tax increase planned for 2025, including €1.5 billion from VAT and €1 billion from income tax, despite increased tax revenues from €48 billion in 2021 to a projected €69 billion in 2025. Pappas also highlights that Greece lags behind the EU average in investments.

elpais.com

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Dec 9, 10:09

Celsa's Ownership Shift and Debt Restructuring

After a legal battle, Spanish steelmaker Celsa, previously controlled by the Rubiralta family, is now majority-owned by creditors led by Deutsche Bank and Anchorage Capital following a debt-to-equity conversion; the company is now focused on debt reduction and seeking a strategic partner.

Celsa's Ownership Shift and Debt Restructuring

After a legal battle, Spanish steelmaker Celsa, previously controlled by the Rubiralta family, is now majority-owned by creditors led by Deutsche Bank and Anchorage Capital following a debt-to-equity conversion; the company is now focused on debt reduction and seeking a strategic partner.

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Decent Work and Economic Growth

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What are the immediate consequences of the court-ordered restructuring of Celsa, and what is its significance for the Spanish economy?

Celsa, a major European steel group, underwent a significant transformation after a complex financial dispute. The founding Rubiralta family lost control to creditors, including Deutsche Bank and Anchorage Capital, who now hold majority ownership. This shift followed a court ruling approving a restructuring plan under Spain's new insolvency law, converting debt into equity.

dw.com

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Dec 18, 16:15

CEMAC Economic Summit: Expert Challenges CFA Devaluation Calls

Faced with recession, inflation, and debt concerns, Central African states are seeking economic solutions; economist Clément Belibanga dismisses calls for CFA franc devaluation, citing positive economic indicators.

CEMAC Economic Summit: Expert Challenges CFA Devaluation Calls

Faced with recession, inflation, and debt concerns, Central African states are seeking economic solutions; economist Clément Belibanga dismisses calls for CFA franc devaluation, citing positive economic indicators.

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Decent Work and Economic Growth

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What are the underlying causes of the current economic difficulties in the CEMAC zone, and how do they relate to global economic trends?

The Cemac zone's economic recovery is hampered by inflation stemming from global factors like the Ukraine war and rising food prices. While the region's debt-to-GDP ratio is below the 70% benchmark (around 50%), the Democratic Republic of Congo's high debt (around 100%) is a concern. The speed of debt accumulation, rather than the debt level itself, is the primary issue.

cbsnews.com

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Dec 18, 22:09

Home Equity Loans: Low Rates, But Risks Remain

Homeowners can access home equity loans at 8.38% and HELOCs at 8.53%, significantly lower than other credit options; however, failure to repay could lead to home loss, and rising inflation and fluctuating home values add risk.

Home Equity Loans: Low Rates, But Risks Remain

Homeowners can access home equity loans at 8.38% and HELOCs at 8.53%, significantly lower than other credit options; however, failure to repay could lead to home loss, and rising inflation and fluctuating home values add risk.

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How do fluctuations in home values and the purpose of borrowing affect the risks associated with home equity loans?

Current low home equity loan rates are attractive compared to other credit options. However, rising inflation and potential interest rate hikes pose risks, as do fluctuations in home values which could make borrowers 'underwater'. Strategic debt consolidation can offset these risks, but using the loan for depreciating assets increases financial strain.

smh.com.au

🌐 75% Global Worthiness

Dec 16, 13:10

Victorian Treasurer Pallas Resigns, Leaving $187 Billion Debt and By-election

Victorian Treasurer Tim Pallas resigned from parliament on Monday, leaving a $187.3 billion debt and forcing a by-election in Werribee, a seat vulnerable to cost of living concerns; Premier Jacinta Allan must now find a new treasurer and manage a cabinet reshuffle.

Victorian Treasurer Pallas Resigns, Leaving $187 Billion Debt and By-election

Victorian Treasurer Tim Pallas resigned from parliament on Monday, leaving a $187.3 billion debt and forcing a by-election in Werribee, a seat vulnerable to cost of living concerns; Premier Jacinta Allan must now find a new treasurer and manage a cabinet reshuffle.

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What are the immediate consequences of Treasurer Tim Pallas's resignation for the Victorian government?

Treasurer Tim Pallas resigned from the Victorian Parliament, leaving a $187.3 billion debt and forcing Premier Jacinta Allan to find a replacement and contest a by-election in Werribee. Pallas cited the need for government renewal and acknowledged recent tension with the Premier during budget negotiations. His departure triggers a cabinet reshuffle and a by-election in a key Labor seat.

dailymail.co.uk

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Dec 13, 16:12

Kosmos Energy in Talks to Acquire Tullow Oil

London's Tullow Oil is in preliminary talks for an all-share takeover by US rival Kosmos Energy, aiming to address Tullow's substantial debt and operational challenges, with both companies sharing assets in the Jubilee and TEN fields offshore Ghana.

Kosmos Energy in Talks to Acquire Tullow Oil

London's Tullow Oil is in preliminary talks for an all-share takeover by US rival Kosmos Energy, aiming to address Tullow's substantial debt and operational challenges, with both companies sharing assets in the Jubilee and TEN fields offshore Ghana.

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Affordable and Clean Energy

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What prompted the potential acquisition of Tullow Oil by Kosmos Energy?

Kosmos Energy, a US rival, is in preliminary talks to acquire Tullow Oil, a London-based energy producer. This follows Tullow's struggles with a large debt pile, currently aiming for $1.4 billion by year-end, and a significant decrease in valuation from its peak. The potential acquisition could resolve Tullow's debt issues and allow Kosmos to consolidate its position in the Ghanaian oil fields.

africa.chinadaily.com.cn

🌐 85% Global Worthiness

Dec 10, 04:08

China Launches Unprecedented 10-Trillion-Yuan Debt Management Initiative

China launched a 10-trillion-yuan debt management initiative to resolve local government hidden liabilities, aiming to reduce the total from 14.3 trillion yuan to 2.3 trillion yuan by 2028 through special bonds, relaxed restrictions on special-purpose bonds, and continued repayment of existing debts...

China Launches Unprecedented 10-Trillion-Yuan Debt Management Initiative

China launched a 10-trillion-yuan debt management initiative to resolve local government hidden liabilities, aiming to reduce the total from 14.3 trillion yuan to 2.3 trillion yuan by 2028 through special bonds, relaxed restrictions on special-purpose bonds, and continued repayment of existing debts...

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What are the key components and projected impacts of China's new 10-trillion-yuan debt management initiative for local governments?

China's recent debt management initiative allocates 10 trillion yuan to resolve local government hidden liabilities, aiming to reduce the total from 14.3 trillion yuan to 2.3 trillion yuan by 2028. This involves issuing special bonds, relaxing restrictions on special-purpose bonds, and continuing repayment of existing debts according to original contracts. The initiative aims to ease financial burdens, revitalize economic development, and improve financial transparency.

zeit.de

🌐 85% Global Worthiness

Dec 5, 07:07

Regierungssturz in Frankreich: Politische und wirtschaftliche Unsicherheit eskaliert

Die französische Mitte-Rechts-Regierung unter Premierminister Michel Barnier ist am Mittwoch durch ein Misstrauensvotum gestürzt worden, was zu politischer und wirtschaftlicher Unsicherheit führt und Frankreichs hohe Staatsverschuldung verschärft.

Regierungssturz in Frankreich: Politische und wirtschaftliche Unsicherheit eskaliert

Die französische Mitte-Rechts-Regierung unter Premierminister Michel Barnier ist am Mittwoch durch ein Misstrauensvotum gestürzt worden, was zu politischer und wirtschaftlicher Unsicherheit führt und Frankreichs hohe Staatsverschuldung verschärft.

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Welche unmittelbaren Folgen hat der Sturz der französischen Regierung für die französische und europäische Wirtschaft?

Frankreichs Mitte-Rechts-Regierung unter Premierminister Michel Barnier ist durch ein Misstrauensvotum gestürzt worden. Dies führt zu politischer Instabilität und Unsicherheit auf den Finanzmärkten, da ein dringend benötigter Sparhaushalt nicht verabschiedet werden konnte. Präsident Macron will sich am Abend äußern und möglicherweise einen neuen Premierminister ernennen.

Showing 133 to 144 of 201 results