Now it seems like a debt trap with our lives at stake,” says Vijay ... who himself worked for four years in Dubai as an iron welder and foreman before the COVID-19 pandemic.

Sri Lanka, an island that has stood as a strategic maritime crossroad for millennia, now finds itself at the cusp of a once-in-a-lifetime opportunity, the chance to once again redefine its role in ...

Imran Khan’s self-confidence is not misplaced as his support base is unwilling to believe in his complicity in any corruption case.

Paul Diamond’s name evokes strong reactions in the corridors of Zimbabwe’s corporate sphere. Reports of stalled ventures, unpaid loans, and dubious partnerships have circulated for years, each claim ...

said the reality of the slow pace of the country’s rate reductions is perpetuating the debt trap that millions of ordinary South Africans find themselves in. “Statistics reflect that the ...

The study reveals that users of BNPL programs are more likely to accumulate significant debt. Buy Now, Pay Later (BNPL) loans, generally defined as zero-interest loans repaid in four or fewer ...

Chinese loans have piled up for Sri Lanka, accounting for 52% of the island nation’s total foreign debt of $46.9 billion. Between 2000 and 2020 alone, China extended close to $12 billion in ...

A Europol-coordinated crackdown exposes a sophisticated smuggling ring luring victims with false job promises, only to trap ...

The refinery is supposed to be established in Hambantota with close proximity to the Chinese-built Hambantota port, which had been embroiled in debt trap controversies. The repayment of port loans ...

There still seems to be a good deal of fear towards credit cards, especially given recent news about rising credit card debt in Singapore, where credit card rollover balances hit a record high of ...

Debt repayment is a common goal, with nearly 40% of people saying they want to achieve it in 2025. Strategies to repay debt include enrolling in debt management plans, budgeting and starting a ...

However, this shift also raises concerns that BNPL risks becoming another debt trap and contributing to rising credit card debt for those who link BNPL repayments to their credit card ...