Wednesday, 10th August 2022
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19 Mar
The Russian government made a $117 million interest payment to foreign bondholders on Wednesday, averting what would have been its first foreign debt default since the Bolshevik Party shocked Western investors in 1918 by refusing to repay the borrowings of Czar Nicholas II.
17 Mar
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.
16 Dec 2021
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.

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NOW
Official results have yet to be announced, but the two leading candidates are running neck and neck in results tallied by local media. Disappointingly, Tuesday's election witnessed a low voter turnout compared with 2017.
53 mins ago
A deadly fire at Cuba's main oil terminal Matanzas is still burning days after one of its gas tanks was struck by lightning. Mexico and Venezuela have deployed teams to help contain the blaze.
1 hour ago
Footage circulating on social media shows black smoke rising in the area of a Russian military air base in Crimea. Meanwhile, Russian oil transit has been reportedly halted to three EU countries.
1 hour ago
Serena Williams delivered an impressive physical performance in challenging conditions to return to winning ways at the Toronto Open on Monday and then said she can see the light at the end of the tennis tunnel in her career. Williams was forced to dig deep during her 6-3 6-4 first-round victory over Spain's Nuria Parrizas Diaz that saw the two women exchange blasts from the baseline in sweltering conditions on a hot and humid centre court.
2 hours ago
The leaders of Estonia and Finland have called for European nations to stop issuing tourist visas to Russians. Both nations are being used as a route for Russian tourists seeking to skirt an EU ban on air travel.
2 hours ago
Stacks of hairy yams line a market in Ibadan, Nigeria, where traders haggle over quality and price before loading them into cars for the last mile to consumers. Nearby, a man navigates heavy traffic with a hand cart piled high with the tubers. Yams - pounded into paste, ground into flour, boiled or fried – provide sustenance and livelihoods across West Africa.