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BBCNEWS The July 4, 2024

And zambia has been seen by many as a test case for how well the common framework works. But despite protracted negotiations, the zambia Debt Relief Deal has collapsed, raising doubts about the workability of the common framework. Zambias president hakainde hichilema, who inherited a huge Debt Overhang when he was elected in 2021 has been spearheading efforts to get the countrys economy back on track. I spoke to the zambian president in an exclusive interview and began by asking him about the economy. I think we did our part as a country in terms of meeting our obligations. We did that well ahead of time. Now it is for the other part of the stick to come on board. The bilateral creditors, i think we are doing reasonably well. Delayed . Yes, it was delayed. But the private creditors, we now need to close and put this to bed so that it can create the headroom we needed, we ant ....

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BBCNEWS Asia July 4, 2024

Through the us legal system and of course in china as well. I think what it means also is that amongst all of the various imbalances in the economy in china right now, the property sector might be the weight on the economy that lasts the longest simply because it is going to be such a slow slog in terms of restructuring of this debt. We have seen pictures of unfinished buildings, families and even sometimes having to squat in those buildings because they cannot afford to pay the rent and pay their mortgage on these properties. What can china do to try to boost this up . Somehow the key to this issue right now is to complete Unfinished Projects because this will at least keep some of the financing flowing. As you mentioned, the many, many projects are presold and the households that buy those properties they make Mortgage Payments even if they are not able to take deli ....

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BBCNEWS World July 4, 2024

A sharp fall in its net profit, slipping 25 in 2023 compared to the previous year. Aramco attributed the downturn to Lower Crude Oil prices and decreased production. The companys net income dropped from 161 billion in 2022 to 121 billion last year. Despite the challenges posed by declining oil prices, aramco will increase its dividend payments, providing a much needed financial boost to saudi arabia. Lets get more now from our middle east Business Correspondent sameer hashmi. With a big fall off in profit, why is it increasing its dividend . It its dividend . Is a steep fall compared to 2022. It is a steep fall compared to 2022. It is still the second best performance in terms of annual results at 121 billion. Two reasons why they increased the dividend pay out. Number one, Aramco Abbott is the main driver of the ....

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CNNW CNN July 4, 2024

Prices ever. So what are you waiting for . Go to battle but x. Com today and get 70 of every single thing. Im lauren fox on capitol hill. And this is cnn you are in the cnn newsroom. Im Alex Marquardt according to washington. Thank you so much for joining us. The 2024 General Election is now in full swing and tonight, President Joe Biden and donald trump are set to hold dueling rallies in a crucial Battleground State Of Georgia any moment now, trump is expected to take the stage in the city of rome thats Northwest Georgia. Thats his First Campaign events is becoming the Pr ....

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CNNW CNN July 4, 2024

Monitoring both of these events as both the candidates are on stage a trump rally. So steve donald trump just taking the stage. Were also learning that trump met today with the parents of laken riley. What do we know about that meeting yeah. Alex, just before President Donald Trump took the stage, he held a meeting back stage. We are told with the parents who are here today, as this event, he has spoken to them by the fall by foot before. But tonight theyre here so we have were not sure if theyre going to come out with the former president , his advisers were on that, but we do know that they gave her mission for the campaign to use a picture of her on a poster that is being distributed. So nice to people at the audience in a police photo and the phrase, say her name. So this is a continuation of the Conference Plantation and immigration politics the union ansi ....

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