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Alexei Druzhinin/The Associated Press
Russian President Vladimir Putin hosted his Belarusian counterpart Alexander Lukashenko for talks on Monday, amid media reports suggesting that the leader of Belarus was coming to Russia to secure another loan.
The Kremlin extended both economical and political support to Lukashenko after his disputed re-election in August triggered the largest and the most sustained wave of mass protests in Belarus’ history. In September, Putin said Moscow would provide a $1.5-billion loan to its ex-Soviet neighbour.
Chinese regulators deliver fresh blow to Jack Ma s Ant Group
21 Feb, 2021 11:51 PM
3 minutes to read
Alibaba founder Jack Ma has faced a tough period amid his ongoing battle with Chinese regulators. Photo / File
Alibaba founder Jack Ma has faced a tough period amid his ongoing battle with Chinese regulators. Photo / File
Financial Times
China s banking regulator has tightened rules governing how online lending platforms fund their loans, a move that analysts say could hit the valuation of Jack Ma s Ant Group. Under the rule changes announced over the weekend by the China Banking and Insurance Regulatory Commission, online lending platforms will have to contribute 30 per cent of the funding for loans they offer in partnership with banks.
In this paper, the authors investigate the optimization of systemic risk based on DebtRank by considering two contagion channels: interbank lending and common
Student loan borrowers haven’t had to make payments for most of 2020. The savings has helped many, but it also makes them ineligible for the usual tax break.