Your Life, Your Money Episode 4: Is debt ever a good idea?

We take a look at the business of this year's Winter Olympics. A report suggests the true cost is 10 times more than the official $3.9 billion price tag, but Beijing is banking on other benefits. Also, Amazon reports another strong sales quarter, with its advertising business playing an increasingly significant role.

The Federal Government has blamed delays in completing some major projects, including railways, on the paucity of funds. Minister for Transportation, Rotimi Amaechi, in this exclusive with Guardian TV spoke on the delay in the execution and completion of all railway projects. He also gave insight into the kind of leader he would want to succeed President Muhammadu Buhari in 2023 as well as the reasons for the increasing insecurity in the South-South.

Developing economies were hit hardest by the global economic recession brought by the pandemic. A looming debt crisis could make things much worse, according to a new report.

Six months after the Taliban retook Afghanistan, FRANCE 24 spoke to former Afghan president Hamid Karzai, who remains in the country. Karzai strongly criticised the Biden administration's recent decision to unfreeze Afghan assets but divide the funds between aid to Afghanistan and victims of the 9/11 attacks, saying the funds "belong to the Afghan people". He also said he believed the Taliban would eventually allow girls to return to school, since doing so is "absolutely necessary for the well-being" of Afghanistan.

The growing exodus of Western firms has upset Russian consumers, while authorities are weighing up the possibility of temporarily taking over firms with large shares of foreign ownership. We take a closer look. Also, the IMF warns that rising commodity prices due to the war in Ukraine could hurt developing nations in particular, and investors grapple with market volatility.

The finance ministry has said its ability to make foreign payments has been hampered by sanctions. If Russia is unable to make the payments within a 30-day grace period, it will face its first default on international debt in more than a century.

French car giant Renault announced Wednesday it was immediately suspending operations at its Moscow factory after Kyiv called for a boycott of the company for remaining in Russia.

Find these stories and much more when you grab a copy of The Guardian on Thursday.⁣

The coronavirus pandemic forced many companies to halt business travel almost overnight. The economic consequences for airlines and hotels have been dramatic, leaving many to wonder if corporate travel will bounce back.

While rich countries borrowed at low rates and saved their economies, poorer nations have spent billions servicing debt. The war in Ukraine will only worsen the pressures on core product prices, officials warn.

The former US president has been fined $10,000 per day until he complies with a New York court order to turn over documents as part of an investigation into his business practices.