In Indonesia, ‘pay later’ services leave some drowning in debt | debt news

Ubud, Indonesia – Nadia Pottery’s mounting debts began with the purchase of one cell phone. Putri, who lives in Kuala Kapuas, Central Kalimantan, about 1,600 kilometers from Jakarta, had been dreaming of upgrading to a newer model for months but didn’t have enough money. Then, earlier this year, the 21-year-old college student noticed that there … Read more

India takes WTO hostage as key talks go into overtime – Politico

GENEVA – India is blocking progress on key global trade negotiations, forcing a crucial international conference overtime. The World Trade Organization gave itself an extra day on Wednesday to reach agreements, but diplomats are pessimistic about whether New Delhi will stop blocking consensus on everything from harmful fishing subsidies to food security and exemption for … Read more