Putin announced a new decree that will erase up to 10 million roubles of debt for people who have signed a contract with the defence ministry from May 1 onward, or for their spouses. The debt relief applies only if the creditors had already started a legal claim before that date. Those who joi
Europe’s economy is heading for tough choices in the next few decades. The International Monetary Fund (IMF) warns that without major changes, most EU countries will see their public debt nearly double by 2040. That means a country that now owes $100 for every $100 it produces could owe $200. The pr
A new rule about student debt forgiveness for public servants is about to take effect, but not everyone agrees it should move forward. Starting July 1, the government plans to tighten who can qualify for Public Service Loan Forgiveness, a program that wipes out student loans for workers in governmen
Many people think they need to keep a small balance on their card each month to build credit. That idea is wrong. If you can pay the whole bill, do it. Paying interest on a tiny debt only costs you more. Another false belief is that the score shown in your bank app is the one lenders use. I
In many countries with limited resources, governments rely on outside help to fund their healthcare systems. This assistance comes in different forms—loans from international organizations, direct financial aid, and special conditions tied to borrowing. Researchers looked at 105 such countries betwe
Scaramucci points out that leaders in the West have promised more than they can deliver, leaving citizens to shoulder a growing debt burden. He notes that the U. S. national debt has climbed to about $39 trillion, surpassing the entire size of the economy and nearing $40 trillion by next election
A growing debt problem means a nation can no longer act on its promises. When politicians focus on short‑term popularity—cutting taxes or adding programs that the budget cannot support—they give up long‑term stability. Even if a state or country has big ideas, its future is cut short by the co
Public universities were built to lift people up, not shut them out. But today, many wonder if these schools still serve the public good. Rising costs make families hesitate before signing up. Some question whether degrees still lead to good jobs. Others doubt if universities are spending money wise
Macron met with Kenyan runner Eliud Kipchoge and talked to students in Nairobi, then announced a $27 billion investment package at a Franco‑African summit. The plan includes a “first‑loss guarantee” that would let private investors take on initial losses, hoping to pull more money into African proje
Vietnam’s small and medium-sized businesses just got a major financial lifeline. A Hanoi-based non-bank lender called EVF secured a US$25 million loan from an international fund to expand its services. The money comes from the OPEC Fund for International Development, a group that typically supports
