Italy risks up to $4 Billion EU penalty over budget, debt

World Bank Group President David Malpass warns that developing countries in particular are facing a large pile of debt as they struggle to leave the coronavirus crisis and recession behind.

At the head of a right-wing coalition, far-right Brothers of Italy leader Giorgia Meloni is gearing up to become Italy's new head of government. On the economic front, she'll be faced with rising consumer prices as well as the ongoing issue of national debt.

UK Prime Minister Liz Truss announced her resignation less than seven weeks after taking the position after her failed tax-cutting budget spurred market turmoil and led to a lack of confidence within her party. Truss was appointed prime minister on September 6.

There are just a few days to go until the second round of the presidential run-off in Brazil. Both incumbent Jair Bolsonaro and his left-wing rival Lula da Silva are leaving no stone unturned in trying to convince voters that they've got what it takes to lead the country going forward.

FRANCE 24's Europe team brings you a new series of Europe Now programmes, focusing on "levelling up" – efforts aimed at making life more equal across Europe's many and diverse regions

Forbidden Stories, which was founded by Laurent Richard, allows journalists to continue the investigative reporting of "silenced" journalists and to unveil their stories to a wide audience.

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

South Africa approves a funding plan for phasing down coal power. But the hundreds of millions in loans have some citizens worried about supersizing the nation's debt. African leaders at the COP27 summit look to hold wealthier nations accountable for their emissions.

South Africa approves a funding plan for phasing out coal-based power. However, the hundreds of millions in loans have some citizens worried about supersizing the nation's debt.

A court in Mozambique on Wednesday (November 30) started delivering its judgement in a case involving 19 people accused of various crimes for their alleged roles in the disappearance of hundreds of millions of dollars in government-backed loans.

Former FTX Chief Executive Sam Bankman-Fried apologized Wednesday for a “lot of mistakes” in the abrupt collapse of the cryptocurrency firm and said he did not knowingly behave fraudulently.