Developing world to face wave of defaults – Bloomberg
A wave of defaults and debt crises are likely to hit emerging nations, such as Pakistan, Egypt, Tunisia and El Salvador, Bloomberg reports
UN demands end to fossil fuel addiction
The UN has called for an end to the “global addiction to fossil fuels” amid a worsening energy crisis
Fate of sanctioned Russian gas equipment decided
Canada will return crucial equipment, needed for maintenance on the Nord Stream 1 gas pipeline, to Russia via Germany
Boeing wants safety waiver for latest 737 MAX
Boeing’s CEO has threatened to ax the largest plane in the 737 family unless Congress extends a regulatory deadline
Turkish inflation on course to win unwanted first prize – Fitch
Fitch has downgraded Turkey’s debt rating, citing spiraling inflation and major concerns about the nation’s economy