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S&P downgrades Lebanon bonds to default after missed payments
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****The [[United Kingdom national debt|UK's national debt]] exceeds [[Pound sterling|£]]2 trillion ([[United States dollar|$]]2.61tn) for the first time, according to data from the [[Office for National Statistics]]. [https://www.nst.com.my/world/world/2020/08/618277/uk-government-debt-exceeds-%C2%A32-trillion-first-time (AFP via ''New Straits Times'')]
****The [[United Kingdom national debt|UK's national debt]] exceeds [[Pound sterling|£]]2 trillion ([[United States dollar|$]]2.61tn) for the first time, according to data from the [[Office for National Statistics]]. [https://www.nst.com.my/world/world/2020/08/618277/uk-government-debt-exceeds-%C2%A32-trillion-first-time (AFP via ''New Straits Times'')]
**[[COVID-19 pandemic in Lebanon]], [[Lebanese liquidity crisis]]
**[[COVID-19 pandemic in Lebanon]], [[Lebanese liquidity crisis]]
***The [[S&P Global Ratings]] downgrade [[Lebanon]]'s credit rating for its [[external debt]] to "selective default" (SD), following [[Default (finance)|defaults]] due to the resignation of the [[Government of Lebanon|government]] in the aftermath of the [[2020 Beirut explosion|August 4 explosion]] in [[Beirut]] and the implementation of a two-week lockdown from August 18 following a surge in infections. [https://www.france24.com/en/20200821-s-p-downgrades-lebanon-bonds-to-default-after-missed-payments (AFP via France 24)]
***The [[S&P Global Ratings]] downgrades [[Lebanon]]'s credit rating for its [[external debt]] to "selective default" (SD), following [[Default (finance)|defaults]] due to the resignation of the [[Government of Lebanon|government]] in the aftermath of the [[2020 Beirut explosion|August 4 explosion]] in [[Beirut]] and the implementation of a two-week lockdown from August 18 following a surge in infections. [https://www.france24.com/en/20200821-s-p-downgrades-lebanon-bonds-to-default-after-missed-payments (AFP via France 24)]
**State-run oil company [[Saudi Aramco]] suspends plans to build a [[United States dollar|US$]]10 billion [[oil refinery]] in [[Liaoning]], [[China]], due to decreased global demand for oil. Its Chinese partners said they will press ahead with the project. [https://www.aljazeera.com/ajimpact/saudi-aramco-puts-10bn-china-oil-refinery-deal-ice-200821124235907.html (Al Jazeera)]
**State-run oil company [[Saudi Aramco]] suspends plans to build a [[United States dollar|US$]]10 billion [[oil refinery]] in [[Liaoning]], [[China]], due to decreased global demand for oil. Its Chinese partners said they will press ahead with the project. [https://www.aljazeera.com/ajimpact/saudi-aramco-puts-10bn-china-oil-refinery-deal-ice-200821124235907.html (Al Jazeera)]



Revision as of 04:00, 22 August 2020

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