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Global debt surged to a record $337.7 trillion in the second quarter, fueled by easing financial conditions and a weaker U.S. dollar. China, France, the U.S., and other major economies saw the largest increases. Emerging markets face rising debt-to-GDP ratios and significant bond redemptions, while concerns grow over the U.S.'s increasing reliance on short-term borrowing.
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Reform UK argues the sell-off, started in 2022, is pushing up the government's borrowing costs.
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The coffee chain is restructuring to save money by closing its worst performing stores.
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