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U.N. warns of 'colossal' collapse of Afghan banking system

4 years 10 months ago
The United Nations on Monday pushed for urgent action to prop up Afghanistan's banks, warning that a spike in people who are unable to repay loans as well as lower deposits and a cash liquidity crunch could cause the financial system to collapse within months.

China may have to juice its economy soon as 'stagflation' risk rises

4 years 10 months ago
A Chinese central official has warned that stagflation could weigh on an already struggling economy next year. It's the latest sign that the government may be thinking about taking some aggressive steps to address slowing growth, including its first lending rate cut since early 2020.
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