Bloomberg Politics

Poor Countries Face Heaviest Debt Burden in 25 Years, Group Says

(Bloomberg) — External debt payments will average more than 16% of government revenue for the world’s poorest countries this year, the highest level since 1998, Debt Justice, the UK group formerly known as Jubilee Debt Campaign, said in a report published Tuesday.

Le Maire Says EU Must Not Be Pushed Around in US-China Rivalry

French Finance Minister Bruno Le Maire said Europe mustn’t be pushed around due to the rivalry between the US and China, standing by President Emmanuel Macron’s comment that the bloc’s countries shouldn’t become vassals in a global crisis.

Kim Seeks to Boost War Defenses, Cuts Link with South Korea

North Korean leader Kim Jong Un called for “practical and offensive” war capabilities as his state issued a fresh warning to the US and cut communications links with South Korea used to reduce tensions on their heavily armed border.