On China’s social media platforms last week, a recording surfaced that revealed a side of the country’s debt crisis that has largely gone unreported. The recording is presented as a conversation between an unnamed representative of a medical technology company and a market regulation enforcement officer, surnamed Zhang, from Chengwu county in eastern China’s Shandong … Read more
It may only be by a small margin, but South Africans are less stressed financially than they were in 2023. This is according to debt counselling and consolidation firm DebtBusters’ annual Money Stress Tracker Survey. Their latest research shows that 75% of respondents are experiencing financial stress. However, the good news is this is a modest … Read more
Jim and Dana, both 58 and five years into their marriage, are facing significant lifestyle changes as they approach retirement. The couple is concerned about their financial future, mainly whether they have saved enough to retire comfortably. However, a shocking revelation about their finances led to a breach of trust, which came to light while … Read more
Nathaniel Erskine-Smith, the Liberal MP who made a name for himself as a backbencher with his own voice, posted a nine-minute video to YouTube this week about the federal government’s carbon pricing policy. It would be an exaggeration to say the video is setting the internet on fire. As of Friday afternoon, it had a … Read more
A Hong Kong court on Monday ordered the liquidation of property company China Evergrande Group, a move likely to send ripples through China’s crumbling financial markets as policy-makers scramble to contain the deepening crisis. Evergrande, the world’s most indebted developer with more than $300 billion US in total liabilities, sent a struggling property sector into a … Read more
