Zambia says international bond deal can’t be implemented at this time
Zambia suffered a major setback in its debt restructuring efforts after the government said on Monday a planned deal to rework $3 billion of Eurobonds could not be implemented at this time due to objections from official creditors, including China.
UK PM Sunak promises to cut taxes ‘carefully and sustainably’
British Prime Minister Rishi Sunak said on Monday his government could turn its attention to cutting tax, speaking ahead of a budget update this week when finance minister Jeremy Hunt is expected to announce measures to speed up the stagnant economy.
Israel’s jobless rate spikes to 9.6% in Oct due to Hamas war
Israel’s jobless rate surged to near 10% in October, the Central Bureau of Statistics said on Monday, after the outbreak of war with Palestinian Hamas militants led to tens of thousands of displaced citizens who had lived near the Gaza border.
Argentina’s next president Milei must tame inflation, turn around economy
Argentina’s libertarian President-elect Javier Milei has won a closely fought election. Now comes the hard part: dealing with economic crises.
Mongolia urges Russia, other nations to return cultural artefacts
Mongolia on Monday called for more support from Russia, Britain and other countries to repatriate hundreds of cultural artefacts, some dating back over two millennia.
Biden turns 81 as worries about his age weigh on re-election prospects
U.S. President Joe Biden turns 81 on Monday, a milestone likely to draw attention to his status as the oldest person to ever occupy the Oval Office, with opinion polls showing Americans worried he is too old for the post he is seeking reelection to.
UK’s next government will find tax rises hard to avoid
Britain’s next government will almost certainly need to raise taxes and make unwelcome spending choices even if this week’s budget update from finance minister Jeremy Hunt presents a superficially brighter picture.
US Secretary of Defense Austin: US will ‘stand with Ukraine’
U.S. Secretary of Defense Lloyd Austin arrived in Kyiv on Monday for a visit, he said on the X social media platform.
Spain’s re-elected PM Sanchez keep senior ministers in new cabinet
Spain’s re-elected Socialist Prime Minister Pedro Sanchez is likely to maintain his senior ministers in their posts in a new cabinet he is scheduled to officially unveil later on Monday, radio station Cadena SER and El Pais news reported.
Israeli tanks reported near hospital in embattled north Gaza
Israeli tanks were positioned around a hospital complex in north Gaza where 12 Palestinians were killed and dozens wounded, the enclave’s health ministry said on Monday as fighting raged on amid indications of an impending pause in hostilities.