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27 Sep 22
Central banks raising interest rates to slow inflation will pile more financial pressure on poorer economies and could restrict spending on healthcare, economists at the World Bank have warned.
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27 Sep 22
The Swiss government has lost a referendum over abolishing taxes paid by companies on domestic bonds and share sales, aimed at promoting investment in the nation.
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26 Sep 22
The US labour watchdog has identified more than $45bn of potentially fraudulent unemployment benefit claims during Covid-19 – almost triple initial forecasts.
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23 Sep 22
Governments should avoid or reverse widespread tax cuts and energy caps introduced in response to the cost-of-living crisis, or they risk encouraging the use of fossil fuels, economists at the OECD...
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22 Sep 22
Poor government leadership has left South Africa rife with corruption and with high poverty, crumbling infrastructure and human rights abuses, a pressure group has said.
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21 Sep 22
The Hungarian government has put forward new legislation aimed at improving public procurement and its anti-corruption measures, hours after the European Commission threatened to withhold €7.5bn of...
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16 Sep 22
Higher public spending and the economic slowdown linked to voters rejecting constitutional reforms has fuelled a downgrade in Chile’s credit rating, Moody’s has said.
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12 Sep 22
The Greek government has unveiled plans to increase state pension payments and the minimum wage, marking the end of a period of budget scrutiny from Brussels the prime minister described as a “...
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12 Sep 22
European Union member countries will need to “assume ownership” of their compliance with the bloc’s fiscal rules under a new system with stronger enforcement from Brussels, the Czech finance minister...
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9 Sep 22
Janet Yellen has stood by plans to correct a “two-tiered tax system” in the nation by taxing large companies and higher earners more, to fund new spending.
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9 Sep 22
The European Central Bank is set to raise interest rates by a record 0.75 percentage points in a bid to rein in rampant inflation.
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8 Sep 22
The Zambian government has requested to have billions of dollars of debt payments in the next few years relieved as it implements reforms aimed at making its economy and public finances more...
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7 Sep 22
The European Commission has outlined plans for “solidarity contributions” from fossil fuel companies and price caps on low-carbon energy to support people through the energy crisis.
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6 Sep 22
Vietnam’s growing economic strength and commitment to contain borrowing costs are key factors to an increase in the nation’s credit, according to ratings agency Moody’s.
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6 Sep 22
The European Union must adopt “risk-based” fiscal rules and instruct member nations to strengthen financial institutions to reduce fiscal risks, economists at the International Monetary Fund have...
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5 Sep 22
The Sri Lankan government has reached a preliminary agreement on a $2.9bn bailout with the International Monetary Fund, amid a financial crisis
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5 Sep 22
The German government is set to allocate a further €65bn to help soften the blow of the cost-of-living crisis on businesses and households.
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2 Sep 22
The Irish government is set to record a larger budget surplus than initially forecast this year, due to a leap in tax income, the nation’s spending watchdog has said.
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2 Sep 22
European Union institutions have won the praise of the bloc’s watchdog for their response to Covid-19.
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1 Sep 22
The Zambian government has secured a $1.3bn loan from the International Monetary Fund to accelerate reforms and restore debt sustainability.
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31 Aug 22
The Sri Lankan government has outlined plans to increase taxes as discussions over an International Monetary Fund bailout reach the “final stage”.
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30 Aug 22
German chancellor Olaf Scholz said eurozone countries need to agree how to reduce their high debt levels to help foster “trust and solidarity” within the single market.
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30 Aug 22
An agreement to resume a multi-billion-dollar deal with the International Monetary Fund is key to getting Pakistan’s economy back on track, the country’s prime minister has said.
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26 Aug 22
The Nigerian government aims to raise an initial $10bn of finance to help implement its planned energy decarbonisation, ahead of an international climate change conference.
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25 Aug 22
US president Joe Biden will cancel up to $10,000 of many graduates’ federal student loans to help lighten an “unsustainable” burden on millions of working people.