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27 May 22
The Hungarian government is set to introduce a windfall tax on banks, energy firms and telecommunications companies to help fund its response to Russia’s invasion of Ukraine.
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24 May 22
The European Central Bank is set to bring lending rates out of negative territory by September in a bid to cool soaring inflation.
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24 May 22
Experts are divided on whether bond yield behaviour indicates that a recession is on its way
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23 May 22
The Ukrainian government’s credit rating has slumped further into junk status due to the unsustainable debt levels brought on by the costly Russian invasion.
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23 May 22
The European Commission’s proposals to reduce its reliance on Russian gas could push the continent into recession if supply fails to keep up with demand, according to one ratings agency.
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20 May 22
European Union countries must reverse years of underinvestment in defence and increase collaborative spending in response to the new security situation after Russia invaded Ukraine, the bloc’s...
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12 May 22
Politicians have rushed to promise to rid public bodies of their Russian holdings, leaving officers wrestling with practical difficulties.
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10 May 22
Denmark’s plan to double its deficit limit has received the backing of the International Monetary Fund in its latest appraisal of the Danish economy.
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9 May 22
The Irish government’s track record of low debt and budgetary surpluses is a key contributor to an increase in the nation’s credit rating announced today, according to ratings agency Moody’s.
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6 May 22
The International Monetary Fund has urged “fiscal flexibility” from Ireland as the government faces the twin challenges of supporting the economy through inflation and keeping public finances...
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5 May 22
The Russian government made a last-ditch dollar payment on two sovereign bonds, avoiding a historic debt default, according to reports.
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5 May 22
The European Commission has proposed a complete ban on importing Russian oil in response to the continuing war in Ukraine, but face warnings it could harm the European economy more than Russia’s.
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4 May 22
A better-than-expected post-pandemic recovery in the Western Balkans has been cut short, leaving public finances reeling, the World Bank has warned.
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3 May 22
Italy will increase its new windfall tax on energy company profits amid historic price rises, the prime minister has said, while unveiling €14bn of support for households and businesses to deal with...
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29 Apr 22
The Swedish central bank has raised interest rates to 0.25% alongside plans to reduce its balance sheet, in response to inflationary risks.
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29 Apr 22
The European Central Bank has blamed soaring energy prices for its misjudgement of inflation, after its projections for the beginning of 2022 turned out to be the least accurate it has ever made.
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28 Apr 22
The Swiss National Bank has reported a loss of 32.8bn francs (£27.1bn) in the first quarter of 2022, largely because of low bond prices and a strong franc devaluing its foreign currency holdings.
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28 Apr 22
Georgia’s land border with Russia and risk of military aggression is a credit negative for the former Soviet state and could impact future ratings, according to Moody’s.
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25 Apr 22
The Ukrainian government will need at least $5bn of additional funding over the next few months to keep the nation operating through the war, according to the International Monetary Fund.
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14 Apr 22
Introducing carbon taxes might not only lead to lower greenhouse gas emissions but could also help foster a ‘just transition’ to the low-carbon future, a World Bank report has suggested.
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12 Apr 22
International aid rose to a record $179bn in 2021 as developed countries increased their efforts to help their developing counterparts deal with the Covid-19 pandemic, OECD figures have shown.
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12 Apr 22
Ukraine’s finance minister has asked donors for immediate help to finance his government’s growing deficit caused by the Russian invasion.
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11 Apr 22
Russia’s foreign-currency rating has been cut to ‘selective default’ after the government made payments on its dollar-denominated debt in rubles in an attempt to skirt international sanctions...
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11 Apr 22
Poland has blocked the European Union’s effort to adopt a minimum corporate tax rate agreed by 137 countries last year over concerns the move would risk making the tax system less fair.
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7 Apr 22
The Polish central bank caught the market off-guard by raising interest rates by one percentage point to help stem rampant inflation.