The Globe and Mail Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer
JASON FRANSON/The Canadian Press
Alberta’s 2021-22 budget is a grim news document, with forecasts of a rapidly increasing provincial debt and more tightening of public-sector spending. Some difficult decisions have been kicked down the road, including any real discussion of how to stabilize the province’s famously volatile revenue streams. The glimmers of optimism in the provincial budget come mainly from the discussion of years further out, when Alberta has theoretically emerged from the current crisis mode.
EU leaders are meeting to discuss Africa's debt burden and how the region can be supported in the wake of the global pandemic. Hit hard by the global slump, indebted African nations are facing loan defaults experts warn.
Gold prices fell again Friday, erasing their entire Covid Crisis gains for Euro and UK investors, as central banks fought to contain the surge in government borrowing costs
(1)
Crescent Capital Group LP, a leading alternative asset management firm, announced today that its European Specialty Lending strategy has provided refinancing to the existing banking facilities of Avania, a leading global full-service contract research organization ( CRO ) focused on medical technology development. Avania is a portfolio company of Kester Capital. Terms of the financing were not disclosed.
Headquartered in Bilthoven, the Netherlands and serving sponsors worldwide, Avania is focused on the management of clinical studies for medical devices, medical device/drug combinations and biological and cell-based products internationally. Avania was acquired by Kester Capital in 2016, and with that investment, Avania started a successful journey to establish global presence through organic growth and multiple acquisitions in Europe, U.S. and Australia.