Shares in Evergrande tumbled as much as 19 percent on Monday in Hong Kong, after the Chinese property developer warned it might not have enough funds to repay its debt, prompting authorities to summon its chairman. A grace period expires on Monday for a coupon repayment worth over $82 million, pushing the company to the verge of default once again. Evergrande has already made three 11th-hour repayments in the past two months.

Shares in the Chinese property company Kaisa have been suspended from trading in Hong Kong, as fears mount that the firm may be unable to make a $400 million debt payment due on Thursday. Kaisa is a much smaller player than the troubled giant Evergrande, but also has high levels of foreign debt. Also today, we look at how the United Arab Emirates has changed its working week to Monday-Friday to align with other international business hubs.

Debt levels have increased as more sub-Saharan countries look towards borrowing. Zambia's debt now equals its total GDP, while Kenya may be speeding towards its own financial crisis.

Lawmakers in the United States have voted to raise the government's borrowing limit by $2.5 trillion, narrowly avoiding a catastrophic default. The Senate passed the measure 50-49. The new debt ceiling will give the US government enough space to borrow until 2023, after the midterm elections. Focus in Washington will now return to whether President Joe Biden can get his $1.75 trillion social spending plan, "Build Back Better", passed by the end of the year.

A video has been widely shared in pro-Bolsonaro circles on Brazilian social media. It claims to show Brazil's former president Luiz Inacio Lula da Silva being insulted by Parisian students during a Batucada performance, while on the French leg of his European tour. We explore how the performance was hijacked and twisted by rival political supporters.

The International Monetary Fund's executive board has approved the extension of $115 million in debt relief to 25 eligible low-income countries from January 11 to April 13 next year in an effort to help them ride out pandemic-induced headwinds.

A video has been widely shared in pro-Bolsonaro circles on Brazilian social media. It claims to show Brazil's former president Luiz Inacio Lula da Silva being insulted by Parisian students during a Batucada performance, while on the French leg of his European tour. We explore how the performance was hijacked and twisted by rival political supporters.

Oluwaseyi Moejoh is committed to making Nigeria a cleaner place. Lagos is choking in garbage – a threat to the environment and residents' health. The 20-year-old student hopes her U-recycle initiative will make a change across Nigeria.

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.

A student who set up a not-for-profit project in lockdown has helped 3,000 refugees out of period poverty. Ella Lambert, 21, who studies at the University of Bristol, launched the Pachamama Project last year. The initiative which has 1,000 volunteers globally, makes and distributes reusable sanitary pads to refugees.

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.

Oluwaseyi Moejoh is committed to making Nigeria a cleaner place. Lagos is choking in garbage and it is a threat to the environment and health. The student hopes her U-recycle initiative will make a change.