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Developing nations spent record high on debt in 2022: World Bank

Members of Sri Lanka’s National People’s Power Party shout slogans as they protest against the government’s debt restructuring plan affecting the income of the pension funds, in Colombo on July 31, 2023. Ishara S. Kodikara | AFP | Getty Images Developing countries paid a record $443.5 billion in 2022 to …

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What the COP28 deal means for the U.S. amid record oil and gas output

U.S. President Joe Biden meets with Cyril Ramaphosa, South Africa’s president, not pictured, in the Oval Office of the White House in Washington, D.C., US, on Friday, Sept. 16, 2022. Bloomberg | Bloomberg | Getty Images A landmark agreement to shift away from fossil fuels thrusts U.S. policy into the …

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Germany’s Scholz announces 2024 budget plan after debt crisis talks

German Chancellor Olaf Scholz (SPD), Economy and Climate Action Vice Chancellor Robert Habeck (Greens) and Finance Minister Christian Lindner (FDP) listen during the Budgetary debate in the plenary hall of the German Lower house of Parliament or Bundestag on November 28, 2023 in Berlin, Germany. Michele Tantussi | Getty Images …

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