20.2 C
Los Angeles
Thursday, June 30, 2022

NATO aims to make progress on Finland, Sweden’s membership bids

Brussels (The Times Groupe)- NATO's chief on Monday said he hoped to "make progress" on Finland and Sweden's membership bids.

G7 summit kicks off under shadow of Ukraine war, stagflation risk

Schloss Elmau (The Times Groupe)- The German Chancellor Olaf Scholz will welcome leaders from the Group of Seven rich democracies to the Bavarian Alps on Sunday for a three-day summit overshadowed by the war in Ukraine and its far-reaching consequences.

Russia claims hitting three military training centers in Ukraine

Moscow (The Times Groupe)- The Russian Defense Ministry claimed on Sunday that its armed troops struck three Ukrainian military facilities with sophisticated weapons.

Global debt hits new record of $305T in Q1

EconomyGlobal debt hits new record of $305T in Q1

World (The Times Groupe)- The Institute of International Finance (IIF) reported that global debt hit a new high of $305 trillion in the first quarter of 2022, equal to 348% of gross domestic product (GDP).

The figure increased $3.3 trillion from a year ago, largely driven by China (up $2.5 trillion) and the United States (up $1.8 trillion), the IIF said in a statement.

In the first three months of 2022, emerging market (EM) debt is nearing a record $100 trillion, according to the report.

Global debt-to-GDP ratio declined by 15 percentage points year-on-year to 348% in the first quarter due to inflation.

A surge in EM government debt levels has brought debt transparency to the forefront, according to the institution.

Check out our other content

Check out other tags:

Most Popular Articles