Debt can drive people to despair and countries to go to war. But it also can be beneficial, for example when it’s an investment that boosts the economy. How much debt can we afford?
Anton Schlecker, the founder of the once ubiquitous European drugstore chain, has been sentenced to two years probation for crimes in connection with the insolvency of his company in 2012.
After nearly four decades of plying the skies, Germany's once second-largest airline has stopped operating, with many employees fearing to be left without work amid attempts to sell the remaining assets.
Crisis-plagued Venezuela has suffered another blow as a committee of creditors has ruled that state oil company PDVSA defaulted on its debt — a decision that triggers payment of default insurance to investors.
The International Monetary Fund (IMF) has warned about Zimbabwe's "very difficult" economic situation, saying it's threatened by high government spending, an untenable foreign exchange regime and inadequate reforms.
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