‘Buy Now, Pay Later’ has built a delirious new culture of consumption — and trapped users in a vortex of debt.

The surprise resignation of Sébastien Lecornu after less than a month in office intensified concerns that France would be unable to tackle its enormous debt pile.

© Pool photo by Stephane Mahe

The purge of Puerto Rico’s oversight board could devastate the island’s economy.

As Beijing pushes consumer lending to stimulate the economy, millions of Chinese borrowers, especially the young, are falling into debt spirals.