loan
Hong Kong Taxpayers Face Potential HK$28 Billion Bill from Defunct COVID-19 Loan Scheme Defaults
Hong Kong taxpayers are facing a potential financial burden of nearly HK$28 billion (US$3.57 billion) due to defaults on loans issued under a now-discontinued government-backed scheme, initially designed to provide a crucial lifeline to small and medium-sized enterprises (SMEs) during the COVID-19 pandemic. The Special 100% Loan Guarantee, a prominent component of the SME Financing […]
EU braced for no deal on €90B Ukraine loan as Orbán refuses to budge
The European Council summit held this Thursday has concluded with a sense of deepening impasse, as Hungarian Prime Minister Viktor Orbán remains steadfast in his refusal to support a landmark €90 billion financial aid package for Ukraine. The deadlock has cast a long shadow over European unity, highlighting the persistent friction between Brussels and Budapest […]