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US national debt hits $30 trillion

The United States’ national debt exceeded $30 trillion for the first time on Tuesday, spurred on by high borrowing during the Covid-19 pandemic, according to data from the US Treasury Department. Japan and China remain the top foreign creditors, holding $1.3 trillion and $1.08 trillion in US Treasuries respectively, and …

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Energy majors face $3.3-trillion ‘green’ nightmare

Despite the fact that this year’s oil prices are now nearly double compared to the 2020 average, the energy industry faces additional impairments in the coming years and decades, this time due to the investor pressure to slash emissions and start accounting for changes to energy demand in the transition …

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India to become $10 TRILLION economy by 2030 – minister

Other growth factors include increased economic activity, the country’s rise in the global manufacturing index, the achievement of renewable energy targets, the highest-ever foreign exchange reserves, and transformational initiatives. While speaking at the Public Affairs of India (PAFI)’s 8th National Forum by video conference, Puri said, “I am confident that …

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Global public debt hits record high of $88 TRILLION – IMF

That is 0.8 percentage points lower than a year before but still at record-high levels as a result of the massive fiscal responses to the Covid-19 pandemic. Globally, public debt now amounts to $88 trillion, according to the IMF, but is expected to decline by about 1 percentage point of …

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