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7 Jun 22
German parliamentarians have approved the creation of a €100bn special defence fund aimed at modernising the country’s military in response to Russia’s invasion of Ukraine.
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26 May 22
Uganda is resisting calls to subsidise or cut taxes on imports of fuel and wheat despite rising prices hurting households, with the president saying that to do so would be economically “suicidal”.
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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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19 May 22
The Ukrainian government will require significant financial support in the coming months to close budget gaps and maintain services, US Treasury secretary Janet Yellen has said during a visit to...
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13 May 22
The level of remittances to low-and-middle-income nations is expected to hit $630bn this year, fuelled by increased funding to Ukraine following February’s invasion, according to the World Bank Group...
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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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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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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 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
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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27 Apr 22
The World Bank has warned that historically high prices of food and energy could last until the end of 2024, and urged governments to build up safety nets for vulnerable citizens.
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25 Apr 22
Benin has negotiated a $650m programme with the International Monetary Fund amid a worsening security situation, spillovers from the war in Ukraine and lingering effects of Covid-19.
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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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20 Apr 22
Supply chain constraints exacerbated by the Russian invasion of Ukraine will mean that global GDP will undershoot initial forecasts, according to the International Monetary Fund.
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20 Apr 22
The World Bank is drawing up plans for a $170m medium-term crisis package to tackle the fallout from the Ukrainian invasion, Covid-19 and climate change – but admitted its ability to deal with future...
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13 Apr 22
Global economic growth will slow to less than 3% in 2022, due to supply chain constraints stemming from Russia’s invasion of Ukraine, according to the World Trade Organisation.
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13 Apr 22
Governments have been urged to take action against the concentration of wealth and income in a small section of the global population, creating inequality and fuelling inflation.
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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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7 Apr 22
The International Monetary Fund has cut its projections for Japan’s GDP growth amid Russia’s ongoing invasion of Ukraine, which it said has increased commodity prices and global economic uncertainty.
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6 Apr 22
Russia’s finance ministry has said it had to make dollar bond payments in rubles after the US blocked payments using dollars held in US banks in an attempt to put pressure on the government amid the...
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6 Apr 22
Governments remain set to borrow nearly a third more this year than they did before the Covid-19 as the pandemic, inflation and geopolitical concerns keep the economy on shaky footing, analysts have...
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1 Apr 22
Economic sanctions on Russia following its invasion of Ukraine could wipe 10% off the nation's GDP this year, according to a multilateral development bank.
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28 Mar 22
Rating agency S&P Global has cut its growth forecasts and raised its inflation predictions for the Asia Pacific region as its confidence in the post-coronavirus recovery falters.
7 Jun 22German parliamentarians have approved the creation of a €100bn special defence fund aimed at modernising the country’s military in response to Russia’s invasion of Ukraine.
26 May 22Uganda is resisting calls to subsidise or cut taxes on imports of fuel and wheat despite rising prices hurting households, with the president saying that to do so would be economically “suicidal”.
23 May 22The Ukrainian government’s credit rating has slumped further into junk status due to the unsustainable debt levels brought on by the costly Russian invasion.
23 May 22The 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.
19 May 22The Ukrainian government will require significant financial support in the coming months to close budget gaps and maintain services, US Treasury secretary Janet Yellen has said during a visit to...
13 May 22The level of remittances to low-and-middle-income nations is expected to hit $630bn this year, fuelled by increased funding to Ukraine following February’s invasion, according to the World Bank Group...
12 May 22Politicians have rushed to promise to rid public bodies of their Russian holdings, leaving officers wrestling with practical difficulties.
5 May 22The 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.
3 May 22Italy 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...
29 Apr 22The 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.
28 Apr 22Georgia’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.
27 Apr 22The World Bank has warned that historically high prices of food and energy could last until the end of 2024, and urged governments to build up safety nets for vulnerable citizens.
25 Apr 22Benin has negotiated a $650m programme with the International Monetary Fund amid a worsening security situation, spillovers from the war in Ukraine and lingering effects of Covid-19.
20 Apr 22Supply chain constraints exacerbated by the Russian invasion of Ukraine will mean that global GDP will undershoot initial forecasts, according to the International Monetary Fund.
20 Apr 22The World Bank is drawing up plans for a $170m medium-term crisis package to tackle the fallout from the Ukrainian invasion, Covid-19 and climate change – but admitted its ability to deal with future...
13 Apr 22Governments have been urged to take action against the concentration of wealth and income in a small section of the global population, creating inequality and fuelling inflation.
11 Apr 22Russia’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...
7 Apr 22The International Monetary Fund has cut its projections for Japan’s GDP growth amid Russia’s ongoing invasion of Ukraine, which it said has increased commodity prices and global economic uncertainty.
6 Apr 22Russia’s finance ministry has said it had to make dollar bond payments in rubles after the US blocked payments using dollars held in US banks in an attempt to put pressure on the government amid the...
6 Apr 22Governments remain set to borrow nearly a third more this year than they did before the Covid-19 as the pandemic, inflation and geopolitical concerns keep the economy on shaky footing, analysts have...
28 Mar 22Rating agency S&P Global has cut its growth forecasts and raised its inflation predictions for the Asia Pacific region as its confidence in the post-coronavirus recovery falters.
