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30 Nov 21
The world’s local and regional governments will need to return their focus to issues that long predate Covid-19 as they look to shore up their post-pandemic finances, write S&P Global Ratings’...
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29 Nov 21
World governments have been told to bolster their health systems and vaccination programmes in response to a new strain of Covid-19.
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26 Nov 21
Spanish lawmakers have passed the country’s highest-spending budget after the prime minister won the support he needed from minor parties.
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25 Nov 21
German finance minister Olaf Scholz is set to become chancellor after agreeing a ‘traffic light coalition’ deal comprising three parties and setting out the new government’s priorities.
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24 Nov 21
The Ghanaian government faces criticism for having not taken advantage of a scheme that could have paused its debt repayments amid Covid-19.
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24 Nov 21
The International Monetary Fund has released a delayed $700m disbursement to Ukraine amid concerns of increased Russian military activity.
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18 Nov 21
The credit outlook of local and regional governments outside the US still carry a negative outlook, despite many economies emerging from Covid-19, according to ratings agency S&P.
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8 Nov 21
The Japanese government plans to spend big on a series of measures aimed at helping the economy through its ongoing struggle with Covid-19, according to reports.
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8 Nov 21
Eliminating tax avoidance in sub-Saharan Africa’s mining sector would leave the region better able to support its population, particularly into the economic recovery from Covid-19, a top...
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8 Nov 21
Ireland collected more than 35% more tax than it expected to in October, but ministers have sought to dampen any expectations of a spending splurge.
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8 Nov 21
Increased carbon taxes are likely to have a bigger long-term economic impact on countries which are heavily reliant on carbon-intensive energy, according to ratings agency S&P.
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4 Nov 21
Portugal faces a snap election after the country’s parliament failed to approve the government’s 2022 budget proposals.
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4 Nov 21
The US Federal Reserve has decided to wind down its $120bn-a-month bond-buying programme in the hope of tempering rising inflation.
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3 Nov 21
The Bank of Israel has urged the country’s parliament to pass the state budget before a looming deadline after which the government would collapse and need new elections.
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2 Nov 21
The Reserve Bank of Australia has abandoned the yield target policy it introduced at the start of the Covid-19 pandemic, recognising that a rate rise could come sooner than previously expected.
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1 Nov 21
German political parties’ continuing support for the country’s debt brake rule has contributed to rating agency Fitch maintaining its AAA judgement of Europe’s largest economy.
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1 Nov 21
Emerging economies need greater access to financial assistance to help prepare for natural disasters brought on by climate change, according to the OECD.
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1 Nov 21
Leaders of the 20 largest economies have endorsed a global deal that will see large multinational companies taxed at least 15%.
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29 Oct 21
Fears inflation will linger have led to some central banks tightening monetary policy faster than expected, potentially fuelling worries the US Federal Reserve is “behind the curve”, analysts have...
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25 Oct 21
Indian prime minister Narendra Modi has hailed his country’s Covid-19 vaccine drive as setting “new benchmarks of public service delivery” and spurring the economic recovery.
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25 Oct 21
The US budget deficit reached $2.77trn in 2020-21, the second highest ever after last year, as the government tried to contain the health and economic damage from Covid-19.
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22 Oct 21
Five European countries no longer face the threat of US tariffs in retaliation to their digital services taxes, with the Joe Biden administration backing down after global tax reforms were agreed...
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21 Oct 21
Pressures unrelated to Covid-19 are likely to have a bigger impact on public finances than the huge debt taken on by governments to tackle the pandemic, according to analysis by the OECD.
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19 Oct 21
The rise of digital currencies could leave the US less able to exert influence on global politics through imposing sanctions, a report by the country’s Treasury has claimed.
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19 Oct 21
How easily can central banks wind-down asset purchases?