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China hesitates on bailing out its ‘friends’

  Bloomberg Over the past few years, the US has accused China of using “debt diplomacy” to make developing nations across the world more dependent on Beijing. Yet the cases of Sri Lanka and Pakistan — both friends of China facing dire financial situations as inflation soars — show that President Xi Jinping’s government is becoming more reluctant to pull ...

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Sri Lankan PM Rajapaksa ready to meet with protesters

  Bloomberg Sri Lankan Prime Minister Mahinda Rajapaksa is ready to meet the protesters, who are holding rallies for the past five days and calling for the ouster of the government for its economic policies that have brought the county to the brink of a debt default. “Understanding that this is a tough time for all of us, I invite ...

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Truck blockade at Mexican border imperils about $440 billion trade

  Bloomberg A Mexican truck blockade at a key Texas bridge is diverting US-bound cargoes to far-flung crossings, worsening shipping snarls and raising the specter of delivery disruptions for everything from avocados to auto parts. Truckers on the Mexican side of the Pharr-Reynosa International Bridge are protesting Texas Governor Greg Abbott’s stepped-up inspection effort. With commercial traffic at a total ...

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