[ad_1] KARACHI: The Covid-19 pandemic is almost gone, but it is still haunting the US real estate sector and its banking system. Large office buildings, vacated right after the outbreak of the deadly virus, are still empty as the work-from-home model has been increasingly adopted, causing hefty losses to owners …
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[ad_1] LONDON: Ethiopia became Africa’s third default on Tuesday after it failed to make a $33 million “coupon” payment on its only international government bond. Africa’s second most populous country announced earlier this month that it intended to formally go into default, having been under severe financial strain in the …
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[ad_1] JOHANNESBURG: Ethiopia appeared to be on the brink of a debt default on Friday after talks with key holders of the African country’s $1 billion international bond ended without agreement. The combined cost of the Covid pandemic and the recently ended civil war in its northern Tigray region has …
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