Argentina aims to restructure debt

US Treasury Secretary Janet Yellen has warned the US government will run out of money next month. She called on Congress to raise the debt limit in a letter to House Speaker Nancy Pelosi.

Argentina football fans share their excitement over watching their national team and star Lionel Messi play against Bolivia in the World Cup qualifiers. Lionel Messi scored a hat-trick to overtake Pele as the top international goalscorer in South American football history on Thursday as Argentina cruised to a 3-0 victory over Bolivia in their 2022 World Cup qualifier.

Congressional Republicans' refusal to vote alongside Democrats to raise the debt ceiling is "reckless and dangerous," US President Joe Biden says in a speech from the White House.

Firefighters battle forest fires in Caminiaga, a town in Argentina's province Cordoba. No deaths or injuries have so far been reported.

A stranded humpback whale is rescued alive off Argentina's Atlantic coast at the seaside resort of La Lucila del Mar, 360 kilometres south of Buenos Aires. The whale is one of two stranded whales saved by a team of 30 people including local residents, marine environmentalists, members of the Civil Defence, coastguard police, volunteer firefighters and beach lifeguards.

Javier Milei is the embodiment of anti-establishment rebellion. For years, the economist did the rounds on talk shows and slammed the country's politics. Now he wants to be its leader. Young voters think that's good.

Argentines dealt a severe blow to President Alberto Fernandez's ruling coalition amid widespread discontent over the deepening economic crisis and spiraling inflation.

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.

The Chinese property giant Evergrande has missed a key debt deadline and is inching closer to a possible restructuring. Financial Analyst Danni Hewson explains why the meltdown isn't sparking turmoil on global stock markets. Also in the show: the Carbon Disclosure Project releases its 2021 ranking of sustainable business practices.

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.