U.S. President Joe Biden on Wednesday announced the cancellation of another $7.7 billion in student debt for 160,000 borrowers, bringing the total number of people to benefit from his debt relief push to 4.75 million, despite Republican opposition. Biden, keen to shore up waning support among young people ahead of the November presidential election, had pledged last year to find other avenues for tackling debt relief after the Supreme Court in June blocked his broader plan to cancel $430 billion in student loan debt. Biden said beneficiaries of the newest measures are people enrolled in the Saving on a Valuable Education (SAVE) Plan, who had received an average of over $35,000 in debt cancellation.
Chelsea players were left in shock after Mauricio Pochettino left the club by mutual consent on Tuesday.
UniCredit studies every possible acquisition target for the bank, Chief Executive Andrea Orcel told the Financial Times in an interview, ruling out interest in Societe Generale. Citing people with knowledge of its Russia exposure, the newspaper also reported that UniCredit would book provisions for potential losses in its next quarterly results after a court-ordered seizure of some of its assets in Russia. A St Petersburg arbitration court last week seized 463 million euros ($503 million) in shares and other securities, accounts and property, or 5% of UniCredit's Russian assets, in a case over a gas plant project that was aborted due to Western sanctions.