#debt crisis

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Los Angeles Times
2 months ago
Los Angeles

After years of rapid growth, California's almond industry struggles amid low prices

Almond industry facing a slump due to dropping prices
Investor groups in the almond industry struggling with high debts [ more ]
BBC News
2 months ago
UK politics

Looming election takes centre stage in Budget week

Theater surrounding budget announcements involves intentional leaks and strategic floats to test reactions and unsettle opponents.
The UK economy is struggling with stagnant growth, recession, high tax rates, and increased debt leading to challenges for tax burdens and public services. [ more ]
www.theguardian.com
5 months ago
Environment

New push for debt relief to help developing world fund climate action

The world's poorest countries are spending over 12 times as much on debt service payments as they are on measures to tackle the climate crisis.
A new round of comprehensive debt cancellation is needed to free up funds for climate emergency adaptation.
Many countries studied are spending less than 2% of their budgets on climate adaptation. [ more ]
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