Britain owes ‘debt of gratitude’ to Windrush era, says Prince Charles

Prince Charles has spoken of the “debt of gratitude” the nation owes the Windrush era in a video message thanking the Caribbean neighborhood for its contribution to the “rich diversity” of British fashionable society. The footage was shared by Clarence Home on Twitter on Monday to mark 72 years because the Empire Windrush arrived at […]

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Coronavirus: Borrowing soars to record ₤1037 bn as debt outstrips GDP

Britain’s borrowing has actually skyrocketed to a record ₤1037 bn as debt overtook financial output for the first time in almost 6 years due to the coronavirus pandemic. The figure, which lays bare the expense to the country’s financial resources by the COVID-19 crisis, is ₤87 bn more than the very same time in 2015 […]

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Coronavirus: Cash boost for debt advice as ‘₤ 6bn tsunami’ hits households

The Treasury has actually revealed additional cash to assistance debt advice charities as a report alerts of a ₤ 6bn individual debt mountain dealing with family budget plans, straight triggered by the coronavirus pandemic. The federal government stated ₤378 m in extra assistance for debt charities in England was the result of acknowledgment that “some […]

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PM phones Trudeau, urges Canadian support for global debt relief initiative

ISLAMABAD: Prime Minister Imran Khan on Sunday held a telephonic discussion with his Canadian equivalent Justin Trudeau and while going over the COVID-19 circumstance, he thanked Canada for its support for Pakistan’s addition in the G20’s debt relief initiative. Highlighting the need to produce higher financial space for establishing countries to conserve lives, and carry […]

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Poor circular debt handling cost exchequer Rs4,082 bn over 13 years

ISLAMABAD: A committee formed to penetrate the losses in the power sector has actually declared that the federal governments’ failures to consist of the circular debt had cost the nation over Rs4,082 billion throughout the past 13 years, with a yearly loss of Rss370 bn. According to the files, the circular debt began to emerge […]

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Qureshi stresses debt restructuring to counter economic challenges

ISLAMABAD: Foreign Minister Shah Mehmood Qureshi on Monday stated that restructuring and alleviating of international loans of Pakistan might show valuable due to the fact that of economic challenges in the after-effects of coronavirus pandemic. Chairing a top-level conference here at the Ministry of Foreign Affairs to review the circumstance in the wake of COVID-19 […]

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SoftBank to raise $41 billion to expand share buyback, cut debt

On Monday, SoftBank Group Corp (9984.T) stated it is monetizing or selling up to 4.5 trillion yen ($41 billion) in properties to redeem 2 trillion yen of its shares and minimize debt, sending its stock skyrocketing to its greatest day-to-day gain in almost 12 years. The share buyback will remain in addition to the up […]

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