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INSANE: 7 | Vintage Vibes

Trump tariff threats are bad, but the uncertainty they instil is much worse

The spectre of rising inflation, slowing global trade and jittery markets has re-emerged as US economic policy divorces itself from any logic

The Guardian - UK

Ukraine-Russia war latest: Drone strikes ‘cut power to 200,000 homes in occupied southern Ukraine’

A Kremlin-installed local official said strikes disrupted power in the Zaporizhzhia region

The Independent UK

Ukraine war briefing: Russian attack destroys Kharkiv energy facility as UK pledges emergency support

Response crews at work following strikes in Ukraine’s second city as Britain commits £20m after Zelenskyy declares energy emergency. What we know on day 1,423

The Guardian - AU

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Key Drivers in Crypto Adoption in Latin America

Recent reports by Chainalysis have shown a sharp rise in crypto transactions within Latin America, a trend that economic experts believe is only getting started.

inkl

India overtakes Japan to become world’s fourth-largest economy, government review says

The ranking will be confirmed in 2026, once the final annual GDP data is released

The Independent UK

Top economists call for halt to Sri Lanka debt repayments after Cyclone Ditwah

Group of 120 experts including Joseph Stiglitz urge fresh debt restructuring plan given scale of destruction

The Guardian - UK

How private investors are making billions from countries in debt

IN DEPTH: Exclusive: As an escalating climate crisis and a difficult economic outlook put ever greater pressure on developing countries, new analysis shows how wealthy private investors in the Global North are profiting

The Independent UK

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Marshall Islands launches world’s first universal basic income scheme offering cryptocurrency

Quarterly payments of $200 to be offered via stablecoin or traditional currency in a scheme designed to ease cost of living pressures in the Pacific nation

The Guardian - AU

Greece pays EU creditors ahead of schedule to boost market confidence

Greece’s early repayment of its first bailout loans underscores an important turnaround, cutting future interest costs and accelerating debt reduction as the country seeks to strengthen market confidence.

Euronews

IMF urges China to address economic imbalances as trade surplus hits $1 trillion

The head of the International Monetary Fund has urged China to fix its economic imbalances, echoing longstanding calls for the world's second-largest economy to rely more on domestic spending and investment instead of exports

The Independent UK

IMF approves $1.2 billion for Pakistan from bailout, citing progress on economic and climate reforms

The International Monetary Fund says it has approved the release of $1.2 billion to Pakistan, giving the cash-strapped country a fresh boost as it works to recover from one of its worst economic crises in years

The Independent UK

Argentina's President Milei to issue a dollar bond, eyeing a return to global markets

The libertarian government of Argentina’s President Javier Milei has announced that it will issue a dollar bond for the first time in nearly eight years as the cash-strapped country seeks a return to international markets

The Independent UK

Von der Leyen pushes ahead with reparations loan for Ukraine as Belgium maintains its opposition

Ursula von der Leyen has offered sweeping guarantees for Belgium to agree to an unprecedented reparations loan for Ukraine. Belgian authorities say risks could be fatal. EU leaders will gather on 18 December to make a final decision. If no deal is found, the EU will resort to joint debt.

Euronews

Reparations loan for Ukraine won't derail peace process, Kallas tells Belgian PM

The reparations loan for Ukraine will prove to Washington that Europe is taking "very credible" steps to end Russia's war, High Representative Kaja Kallas said on Monday. It comes after the Belgian prime minister warned that the unprecedented proposal risked derailing the diplomatic process.

Euronews

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Evening Standard

British pensioner accused of smuggling £200,000 of meth into Chile 'was duped into believing he'd won £3.7million'

William Eastment said he was tricked into the alleged smuggling plot by a woman posing as an IMF official

The Guardian - UK

Swiss prosecutors file charges against Credit Suisse and UBS over ‘tuna bonds’ scandal

Banks accused of ‘organisational deficiencies’ relating to scam that crashed Mozambique economy nearly a decade ago

Euronews

EU weighs Plan B for Ukraine as Belgium raises bar to unblock reparations loan

Belgian Prime Minister De Wever lashed out at plans for a reparations loan in a strongly worded letter to Ursula von der Leyen, calling it dangerous and wrong. European officials are seriously considering a bridge loan as clock ticks for the December summit. Belgian resistance is seen as entrenched.

The Independent UK

Ukraine-Russia war latest: Kyiv says Zelensky will never give up territory to Putin

Defiant message from Ukraine’s top negotiator follows Putin’s claim that he would not end war unless Kyiv cedes land to Russia

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International Business Times

When Local Currencies Decay, Stablecoins Become a Global Lifeline

The International Monetary Fund has documented that many emerging‑market currencies have weakened persistently as interest‑rate divergence and a strong U.S. dollar reshaped global capital flows.

The Conversation

South Africa’s G20 presidency: diplomatic victory, but a weak final declaration

US president Donald Trump’s efforts to derail a successful wrap-up of the G20 summit in Johannesburg failed. Trump boycotted the meeting and the US told other countries through diplomatic channels not to sign a communiqué. Nevertheless, the 19 remaining countries and regional organisations signed a 30-page declaration. This called for,…

International Business Times UK

Gold Reset News Sparks Debate Over US Bitcoin Reserve and Bretton Woods Revival

A proposed US Bitcoin Reserve funded by a gold reset sparks debate in Washington. Supporters see it as a debt solution, while the IMF warns of risks and volatility.

AAP

Slash spending and reform taxes, IMF urges Australia

Australia should reintroduce a mining tax and limit spending growth in the NDIS and aged care, according to a leading global financial institution.

Radio France Internationale

International trade tensions force EU to cut 2026 eurozone growth forecast

The eurozone economy will grow less than expected next year, the EU executive predicted on Monday, as risks from international trade and geopolitical tensions weigh on the single currency area.

The Conversation

Africa has a debt crisis: momentum from G20 in South Africa can help find solutions

The end of South Africa’s G20 presidency does not mean the end of its ability or responsibility to promote the issues it prioritised during 2025. It can still advocate for action on some of these issues through its further participation in the G20 and in other international and regional forums.

Benzinga

Did US Tap Over $800 Million From IMF Reserves To Support Argentina's Debt Payment?

The U.S. may have transferred over $800 million of its IMF reserves to Argentina, in a transaction that occurred just before a crucial debt payment.

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