WION Video Team | Updated: Feb 11, 2024, 10:50 AM IST The European Union could soon have less stringent fiscal rules in place, which may significantly help member countries that are dealing with rising debt levels. The preliminary deal struck by EU lawmakers will provide more time to member countries to fight rising debt levels. Many…
Developing countries need debt relief to act on climate change Climate change is not some distant menace; its effects are already being felt worldwide. (Reuters) Short Url https://arab.news/7nq9m If developing economies found it hard to manage their debts in 2023, they are likely to face even more formidable challenges this year. Though most possess relatively…
In the early 1980s, 19-year-old Jordan Belfort who would go on to become known as the Wolf of Wall Street, a title he bestowed on himself in a tell-all memoir had a fortuitous encounter on Jones Beach, on Long Island, with another teenager selling ice cream named Stephen Drescher. The two became friends. Prosecutors would…
Liubomyr Vorona / Getty Images/iStockphoto Millions of Americans are trapped in debt, often in very different ways. It could be student loan debt, credit card debt, an untenable mortgage or a massive auto loan. Whatever form your debt takes, its necessary for your financial wellbeing to pay it down or, ideally, wipe it out altogether.…
Key takeaways Interest rate changes have an immediate effect on revolving debts like credit cards. Secured loan interest rates don’t rise or fall as much as unsecured loan rates. Mortgage debt interest rates don’t fluctuate like other types of secured debt. Interest rate changes have an impact on every dollar you borrow. They can make…
Don’t let your tax debt overwhelm you this year there are lots of options to help cover what you owe. Getty Images/iStockphoto There’s a reason tax season can feel stressful each year. Not only do you have to gather a ton of paperwork and information to file, but in some cases, life throws us a…
These nations, home to about 62% of the worlds poor, grapple with critical challenges and lack necessary support, particularly in access to finance. UNCTAD Deputy Secretary-General Pedro Manuel Moreno spotlighted on 6 February the challenges and potential of middle-income countries during a speech at a high-level conference in Rabat, Morocco. Mr. Moreno said these nations…
Thousands of Pennsylvania residents could see their unpaid medical bills wiped out by a new medical debt relief program proposed under Gov. Josh Shapiros budget. The budget includes $4 million to partner with a to-be-determined organization that purchases medical debt in bulk for pennies on the dollar, eliminating patients responsibility for paying it off. The…
Universal Credit and debt advice available in Mayors Advice NW Webinar 8 February 2024 Mayor of Derry City and Strabane District Council, Councillor Patricia Logue, has urged the public to get involved in the latest in her series of interactive online discussions to give advice and guidance to households in coping with the cost of living. The latest webinar takes…
More than a decade ago, Rachel* was signed up to “hundreds of thousands” of dollars worth of debt at a time when she was experiencing domestic violence. The Queensland resident was unable to get support to help her intervene with the bank. She said the loan was acquired “under circumstances the bank should’ve known were…