Elliott Management buys $6.5 billion in Klarna loans to bolster the fintech's US expansion, while Deutsche Bank restructures a $350 million loan for Oyo Hotels.
South Africa's Eskom faces a critical juncture as unbundling plans are threatened by municipal debt, impacting credit ratings and financial stability, while navigating energy transition and union resistance.
Trump hosts Saudi Crown Prince MBS in Washington, focusing on defense and tech deals, highlighting complex U.S.-Saudi ties amid ethical challenges and strategic realignments.
The EU faces significant industrial risks due to heavy reliance on China for rare earths, warns industry leaders, urging immediate reshoring of supply chains.
Private credit firms face new challenges as AI advances and market stress lead to rising defaults, prompting investor caution in financing risky corporate debt.
BlackRock reshuffles its equities division, implementing a strategic overhaul amid tech market uncertainty. Tony DeSpirito departs, as firm focuses on AI and new leadership for $185 billion model.
UAE's IFFCO appoints Abdul Wahab Al-Halabi as executive chairman to manage $2 billion debt, while Abu Dhabi's Lunate aggressively expands with $13.5 billion investments.
Singapore warns that US-China rivalry persists despite a temporary trade deal, posing challenges for global trade and highlighting the need for strategic diplomacy.
China suspends Japanese film approvals amid rising diplomatic tensions over Taiwan, reflecting how geopolitical issues influence cultural exchanges and economic interactions between the two nations.
Indian official downplays small nuclear reactors amid global energy push against China. India targets 100 GW nuclear capacity by 2047, avoiding distributed SMR risks.
El Salvador boosts Bitcoin holdings by $100M despite a 28% price drop in November. Morgan Stanley also invests $104M, highlighting ongoing market turmoil.
The U.S. economy faces slowing growth and job losses amid rising trade tensions and budget cuts. Federal Reserve warnings highlight employment challenges and the impact of tariffs.