Debt

Conflict is pushing up price of energy and food, fuelling higher borrowing costs and hitting growth, report saysIran war escalation could trigger global recession, IMF warnsBusiness live – latest updatesThe Iran war risks triggering a rise in global debt levels, forcing governments to choose between cushioning a cost of living shock and maintaining sound public finances, the International Monetary Fund has warned.Against a volatile backdrop of the Middle East conflict, the Washington-based fund said the war could add to the already strained position of government finances throughout the world. Continue reading...

Conservationists say move could push species closer to extinction and clearer environmental rules are needed insteadFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastConservationists and scientists have warned a mining lobby proposal to use artificial intelligence to speed up national environmental approvals could generate “Robodebt-style” failures, putting threatened species at further risk.The Minerals Council of Australia has asked the government to spend $13m to trial the use of AI to help companies prepare applications and help the federal government make decisions. Continue reading...

Even if motorists can provide evidence they’ve paid for parking, they are threatened with bailiffs and courtDrivers have accused a leading car park management company of issuing “false” parking fines – leaving one mother to defend herself from multiple debt collection agencies sent by the company.Jane Winder says she was sent letters from five different debt collection agencies each asking her to pay £170 after she was accused of not purchasing a £2.30 parking ticket at a car park in Lancashire managed by Euro Car Parks. Continue reading...

Hackney leaseholders feel council made the problem worse by leaving £850,000 debt uncollected for eight yearsLeaseholders in east London have said they are “trapped in unsellable homes” because of an £850,000 debt owed by the building’s developer to Hackney council, who have let it go unpaid for eight years.The 17 leaseholders, who live in a block of flats in Upper Clapton, have appealed to the council for help but their pleas, including requests for a meeting, have been ignored. Continue reading...

• French AI firm Mistral AI secured $830 million in debt financing on March 31, 2026, to build a state-of-the-art data center near Paris. • The funding underscores surging demand for AI computing infrastructure amid global expansions in hardware and power resources. • This move positions Mistral to compete in the intensifying AI race, highlighting shifts toward massive investments in data centers.

• Senators introduced the Fiscal Commission Act mirroring House version to create commission recommending fiscal health policies. • Commission aims to tackle rising U.S. debt through targeted policy proposals amid ongoing budget concerns. • Bill provides structured approach for bipartisan fiscal reforms without specifying exact recommendations upfront.