debt-sustainability
Top StoriesSri Lanka to Default on Debt, No Money for Fuel, Minister Says
Top StoriesNorwegian Air Posts Q1 Loss, Flags Fuel Cost Impact on Recovery
Top StoriesFor Some European States, Rising Debt Costs Rekindle 2011 Crisis Memories
Top StoriesA Rival Sits Out Lebanon’s Election. Now Hezbollah Could Fill the Void
Payback Time, Italy Seeks to Lessen Covid Loan Burden
Date: May 6, 2022
By Valentina Za, Giuseppe Fonte and Francesco Zecchini MILAN (Reuters) – Gianni Polidori served a final espresso in his freshly renovated cafe in the Italian port of Ancona at the end of March. Since then, he has been trying to sell Bar Dolce e Amaro so he can pay off months of rent and a...
Boeing Shares Plunge on Fresh 777X Setbacks, Array of Charges
Date: April 27, 2022
By Eric M. Johnson and Abhijith Ganapavaram (Reuters) -Boeing Co said on Wednesday it was halting 777X production through 2023 due to a fresh delay in its entry into service after certification problems and weak demand, with $1.5 billion in added costs for the mini-jumbo program. Shares of the U.S. planemaker fell 11% to $146.62...
Russian Internet Group Yandex Reports $110 Million Net Loss in Q1
Date: April 27, 2022
(Reuters) -Russian internet group Yandex on Wednesday reported an adjusted net loss of 8.1 billion roubles ($110 million) in the first quarter of this year, a week after withdrawing its 2022 financial guidance. Yandex itself has not been targeted with western sanctions over Russia’s actions in Ukraine, but the Nasdaq-listed firm has faced a range...
UK’s Sunak Faces New Headache as Borrowing Figures Overshoot Forecast
Date: April 26, 2022
By William Schomberg and Andy Bruce LONDON (Reuters) -British government borrowing in the recently ended 2021/22 financial year was almost 20% higher than forecast by the country’s budget office last month, according to figures published on Tuesday. The data underscored the challenge for finance minister Rishi Sunak who is under pressure to give new help...
Austria Says Ukraine War Is Swelling Deficit Back to EU’s 3% Limit
Date: April 20, 2022
VIENNA (Reuters) – The Ukraine war’s negative impact on economic growth and associated costs such as reducing dependence on Russian natural gas have forced Austria to increase its budget deficit and debt forecasts for this year, the Finance Ministry said on Wednesday. Austria, as did many of its peers, spent lavishly on measures to cushion...
Explainer-Sri Lanka’s Reluctance to Tap IMF Helped Push It Into an Economic Abyss
Date: April 18, 2022
By Devjyot Ghoshal and Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s worst economic crisis has triggered an unprecedented wave of spontaneous protests as the island nation of 22 million people struggles with prolonged power cuts and a shortage of essentials, including fuel and medicines. President Gotabaya Rajapaksa’s government has come under growing pressure for its...