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Developing nations face 'tidal wave' of China debt: report
Developing nations face 'tidal wave' of China debt: report
Economy
by  AFP

The world's poorest nations face a "tidal wave of debt" as repayments to China hit record highs in 2025, an Australian think tank warned Tuesday in a new report. It found that the poorest 75 countries were set to make "record high debt repayments" to China in 2025 of a combined US$22 billion.

Fire halts production at Ecuador's biggest oil refinery
Fire halts production at Ecuador's biggest oil refinery
Economy
by  AFP

A fuel tank fire on Monday halted production at Ecuador's largest oil refinery, sparking the evacuation of nearby residents as a giant plume of smoke billowed from the facility. - Fuel supply 'guaranteed' - Petroecuador, which operates the facility, did not specify the amount of fuel that was in the tank when the fire broke out.