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BUSINESS Just as developing economies were poised to profit from the post-Covid-19 rebound in global growth, a fire in the bond market ravaged the bond markets only to burn them down again. Most major investment banks predicted a bumper year 2021 for emerging market (EM) assets as long as a …

Ngozi Okonjo-Iweala raises climate issues at United Nations trade body, where member states are set to clash over border carbon taxes Climate leaders celebrate election of Ngozi Okonjo-Iweala as Director General of the World Trade Organization on a reform platform, while experts warn his influence will be limited in the …

Faced with the worsening of the debt crisis in the countries of the South due to the deterioration of the world economic situation combined with the coronavirus pandemic, the International Financial Institutions and the main bilateral creditors had launched in spring 2020 measures of emergency financing and debt relief. . …

WASHINGTON – President Joe Biden is expected to enact a $ 1.9 trillion stimulus package this week that removes an obstacle to blanket student debt cancellation and strengthens federal regulation of for-profit colleges. Congressional leaders have seized the opportunity to meet some long-standing goals thanks to the latest pandemic relief …

Top line The US Senate confirmed Miguel Cardona as Education Secretary on Monday as the Biden administration presses for schools to reopen amid the Covid-19 pandemic. Education Secretary Miguel Cardona during his Senate confirmation hearing on February 3, 2021 (Anna … [+] Moneymaker / The New York Times via AP, …

President-elect Joe Biden has made a campaign proposal for erase $ 10,000 for an estimated 37 million Americans who owe federally guaranteed student loans, and experts are divided on whether the new president will be able to keep that promise. “Just wipe out student debt … that was one of …

But he did not specify which creditors would agree to a possible debt cancellation. China, for example, has repeatedly opposed parts of the debt relief plans. The country, considered Africa’s biggest creditor, is reluctant to give up billions owed to it from its politically strategic projects across the developing world …

WASHINGTON – As the coronavirus began to spread across the world in the first half of 2020, international aid organizations began to sound the alarm bells over the disproportionate impact the virus would likely have on poor countries – in especially those who are already forced to devote significant amounts …

House set to send $ 1.9 trillion Covid-19 relief plan to President Joe biden for his signing, providing an economic boost that will last long after the $ 1,400 stimulus checks start rolling into Americans’ accounts this month. With four days until extra unemployment benefits start to run out, Democratic …

SG / SM / 20608 Here is the text of the video message from UN Secretary-General António Guterres on the occasion of the opening of the Aswan Forum for Sustainable Peace and Development, which took place from March 1 to 5: It is a pleasure to greet this year’s Aswan …