Latest Financial crisis News

Former Mozambique finance minister on trial in US over 'tuna bond' scandal that spurred debt crisis

Jul. 17, 2024 17:14 PM EDT

NEW YORK (AP) — The “ tuna bond ” scandal that shook Mozambique's economy is washing into a U.S. court, where a former Mozambican finance minister is being tried on charges that he took bribes to commit his country — secretly — to huge loans that prosecutors say got looted. ...