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Debt-laden African countries charged ‘extortionate’ rates, U.N. chief says

Debt-laden African countries charged ‘extortionate’ rates, U.N. chief says

© Reuters. FILE PHOTO: Secretary-General of the United Nations, Antonio Guterres speaks as he receives the University of Lisbon 2020 prize, in Lisbon, Portugal, January 5, 2023. REUTERS/Pedro Nunes/File Photo By Dawit Endeshaw ADDIS ABABA (Reuters) – African countries are getting a raw deal from the international financial system which charges them “extortionate” interest rates,…

China, U.S. to participate in first meeting of new debt roundtable on Feb. 17

China, U.S. to participate in first meeting of new debt roundtable on Feb. 17

© Reuters. FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016. REUTERS/Jason Lee/Illustration/File Photo By Andrea Shalal WASHINGTON (Reuters) – Officials from China, India, Saudi Arabia and Group of Seven wealthy nations will participate in a first virtual meeting…

ESG tops regulatory demands in finance as UK, EU rules diverge

ESG tops regulatory demands in finance as UK, EU rules diverge

© Reuters. FILE PHOTO: A general view of the Canary Wharf financial district is pictured in London, Britain, September 30, 2022. REUTERS/Maja Smiejkowska LONDON (Reuters) – Financial firms in Britain and the European Union remained under significant pressure to comply with diverging environmental, social and governance (ESG) rules over the past six months, KPMG’s Regulatory…