The higher yields, which are pressuring consumer and corporate borrowers and increasingly weighing on certain corners of the stock market, are unlikely to dissipate soon.
A storefront offering personal loans in Niteroi, Brazil. Brazil is grappling with widespread household indebtedness, fueled by a combination of easy credit, the rapid expansion of legal and illegal online betting, and instant digital payments that have made borrowing, gambling and spending faster and easier.
New York Times journalists pressed the Canadian prime minister about a range of topics in an hourlong interview last week. Here’s a transcript of their conversation.
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