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Some of Sri Lanka’s official creditors are advocating for a debt restructuring agreement that excludes China, Bloomberg reported on Thursday (28.) This move, if successful, could have implications for how wealthier nations handle financial stress in developing economies. The proposal involves major creditors, including the US, Japan, and India, signing a memorandum of understanding with [...
A veteran US senator has temporarily stepped down as head of the chamber’s powerful foreign relations committee as he battles bribery charges. Justice department prosecutors allege Robert Menendez and his wife accepted hundreds of thousands of dollars in exchange for aid to Egypt’s government. The couple have denied the charges. The embattled senator has rejected […]
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