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Yahoo
7 minutes ago
- Yahoo
Report – Inter Milan To Decide Whether To Increase Offer For Atalanta Talisman In Next 48 Hours
Inter Milan will reportedly decide whether to make an increased bid for Atalanta forward Ademola Lookman in the next 48 hours. This according to Italian broadcaster SportMediaset, via FCInterNews. They report that the Nerazzurri are still far from having dropped their pursuit of the 27-year-old Nigerian international. Inter Milan raised their offer for Atalanta forward Ademola Lookman this week. Having initially bid €40 million up front for the former RB Leipzig forward, they increased the bid for €45 million including add-ons. However, this was not enough for Atalanta. After a couple of days to consider Inter's offer, the Bergamo club responded to it yesterday – a firm no. Moreover, reportedly Atalanta have not given Inter a counteroffer either. Therefore, this has led to some uncertainty over whether Inter will be able to agree a deal for Lookman. Inter To Decide Whether To Raise Offer For Lookman In The Next 48 Hours BERGAMO, ITALY – JANUARY 21: Ademola Lookman of. Atalanta celebrates scoring his team's fourth goal during the UEFA Champions League 2024/25 League Phase MD7 match between Atalanta BC and SK Sturm Graz at Stadio di Bergamo on January 21, 2025 in Bergamo, Italy. (Photo by) Now, the ball is back in Inter's court. Having hoped to wrap up their pursuit of Lookman quickly, the Nerazzurri are once again left deciding whether or not to increase their offer again. And according to SportMediaset, the Nerazzurri have not yet made a firm decision. And the club will take some time to consider their next move. However, it will not be that much time. In fact, Mediaset report, Inter are expected to decide whether or not they will increase their offer for Lookman within the next 48 hours. Therefore, the next major development in this unexpected transfer soap opera should come at the start of next week.
Business Insider
9 minutes ago
- Business Insider
Senegal targets $10 billion in revenue to escape debt crisis
Senegal will raise nearly $10 billion over the next three years through tax increases, renegotiations of energy contracts, and spending cuts as part of a comprehensive plan to stabilise public finances and restore investor confidence. Senegal aims to mobilize $10 billion over three years by increasing taxes, renegotiating energy contracts, and reducing spending. Prime Minister Ousmane Sonko emphasized prioritizing domestic resource mobilization to reduce dependency on external aid. The fiscal plan emerges as Senegal confronts debt challenges revealed by an audit indicating a debt-to-GDP ratio increase. Senegal will raise nearly $10 billion over the next three years through tax increases, renegotiations of energy contracts, and spending cuts as part of a comprehensive plan to stabilise public finances and restore investor confidence, Prime Minister Ousmane Sonko announced on Friday. Speaking in Dakar, Sonko stated that the government will prioritise domestic resource mobilisation to reduce its dependence on external aid. The measures follow the discovery of $7 billion in previously undisclosed borrowing by the former administration, which pushed Senegal toward a debt crisis, Bloomberg reported. Under President Bassirou Diomaye Faye, the government plans to fund 90% of its economic recovery plan through domestic revenue, including new taxes on goods, services, and mobile money transfers. The aim is to generate 5.7 trillion CFA francs ($9.9 billion) throughout the period. The fiscal misreporting prompted the International Monetary Fund (IMF) to suspend a $1.8 billion loan program last year, while S&P Global Ratings downgraded Senegal's credit rating further into junk status. The government's new fiscal strategy is designed to reassure investors and restore credibility. The IMF announced last week that it will begin discussions with Senegal in September toward a new financing arrangement, contingent on the country presenting a credible path back to fiscal sustainability. However, financial markets remain cautious. Senegalese Eurobonds due in 2033 fell 0.7% to 73.98 cents on the dollar by Friday afternoon in London trading. Rebasing GDP Senegal's statistics agency is also working on rebasing the nation's gross domestic product (GDP), a move that could improve the country's debt metrics. Following an audit, Senegal's debt-to-GDP ratio surged to 99.7% in 2023 from a previously reported 74.4%. Economy Minister Abdourahmane Sarr stated that the country's debt obligations stood at 119% of GDP last year. A new IMF program, aimed at financing the recovery plan and regaining investor confidence, will depend on Senegal's ability to demonstrate fiscal discipline. Sarr said the government's roadmap includes improving the efficiency of public spending, prioritising high-impact investments, and reducing the budget deficit to 3% by 2027. While the government is considering debt reprofiling, extending maturities to ease repayment pressures, it remains committed to avoiding a full debt restructuring.
Bloomberg
9 minutes ago
- Bloomberg
For US Companies, Europe Is Hard to Resist: Credit Weekly
By and Abhinav Ramnarayan Save Companies are increasingly looking to Europe to raise money cheaply, a shift that is turning out to be a near-term positive for US corporate debt. Verizon Communications Inc. this week sold €2 billion ($2.31 billion) of debt, its first deal in the European market since early 2024. Earlier in July, FedEx Corp. and PepsiCo Inc. both sold debt in the common currency, their first offerings there since 2021.
