Global: Not just Argentina: Other nations in debt doldrums
Argentina’s lengthy debt saga returned to the spotlight this week, with its second default in only 12 years triggering George Soros and other investors to sue Bank of New York Mellon for withholding interest payments. Argentina is, nonetheless, only one of several countries whose shaky finances leave them on the brink of being unable to repay their obligations. (Source: CNBC)

Japan: Japan wage growth surges in July
Japanese wages unexpectedly logged their strongest increase since 1997, providing a boost to the government’s battle against deflation. (Source: BBC News)

Ukraine: Ukraine crisis: ‘Russia has launched a great war’
Following days of accusations between the two countries, Ukraine’s defense minister has accused Russia of launching a “great war” that could claim tens of thousands of lives. (Source: BBC News)

Venezuela: President Maduro to “shake up the government” on Tuesday
On Monday, President Nicolas Maduro stated that he would make important announcements on Tuesday concerning his government reshuffle and priorities, and asked for people’s support. (Source: El Universal)

Switzerland: Swiss Economy Unexpectedly Stalls as Euro Area Takes Toll
The Swiss economy recorded flat growth in the three months to June over the previous quarter. The disappointing result was a deterioration over the 0.5% growth observed in the first quarter. The result raises concerns that the domestic economy has lost momentum faster than expected. (Source: Bloomberg)

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