Geopolitics

France is becoming the ‘poster child’ of sovereign debt problems as government borrowing costs hit near 2008 highs - CNBC

Source: CNBC

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DW NOTE

France borrowed at 3.21% this week. Germany borrowed at 2.44%. That 77-basis-point spread is a peacetime post-euro record. The eurozone was designed on the fiction that sovereign default risk no longer existed. Investors are pricing the opposite.

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Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

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