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23 Feb 17
South Africa has created a new top income tax bracket of 45%, its finance minister Pravin Gordhan announced as he delivered the country’s 2017 budget.
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22 Feb 17
The UK has announced £200m in new aid for Somalia and South Sudan, both of which are teetering on the brink of widespread famine.
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22 Feb 17
Government ministries in Singapore will have their spending caps permanently cut by 2%, it was announced in the country’s budget earlier this week.
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22 Feb 17
A $1.6bn hole in Ghana’s budget has put the country’s public finances at substantial risk and is weighing on its credit rating, ratings agency Fitch said yesterday.
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22 Feb 17
Global trade growth slowed for the fifth year in a row last year, posting the weakest performance since the financial crisis, the World Bank has said.
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21 Feb 17
Famine is looming in Nigeria, Somalia, Yemen and additional regions of South Sudan, where it was already declared in some areas yesterday, the United Nations children’s agency has warned.
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21 Feb 17
Nigeria’s central bank has effectively devalued its currency for private individuals by allowing dollars to be bought at almost 20% above the normal rate for travel, some school fees, and medical...
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21 Feb 17
The European Council has agreed fresh measures to prevent corporations avoiding tax via countries that are not members of the European Union.
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21 Feb 17
Greece and its creditors have found some “common ground” following the latest meetings on its stalling €86bn bailout in Brussels yesterday.
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21 Feb 17
The European Union’s flagship biodiversity programme, Natura 2000, requires better oversight and financial management, auditors have said.
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20 Feb 17
Mongolia has secured a provisional agreement for a $5.5bn programme with the International Monetary Fund, preventing a slip in its international credit rating.
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20 Feb 17
Hungary could be forced to withdraw its bid to host the 2024 Olympic Games in the capital Budapest after a petition to hold a referendum on the matter received more than double the signatures needed...
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20 Feb 17
The world’s first famine in five years has been declared in regions of South Sudan, where more than 40% of the population is in severe need of food.
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17 Feb 17
Growth in West Africa is at risk due to governments continually shelving plans to cut spending and raise taxes, the International Monetary Fund has warned.
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17 Feb 17
Significant changes to the operation of the world’s largest sovereign wealth fund have been outlined in proposals from the Norwegian government.
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17 Feb 17
The UK should slash its £12bn per year aid budget by 80%, one of the country’s most right wing popular parties has said.
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16 Feb 17
Falling health funding in Timor-Leste must be met with better planning and policies to manage rising costs, the World Bank has said.
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16 Feb 17
The European Commission has delivered “final warnings” on pollution to a host of the bloc’s major economies.
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16 Feb 17
MEPs have ratified CETA, the controversial free trade deal between the European Union and Canada, despite heavy resistance from the public.
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15 Feb 17
Authorities regulating the financial sector lack transparency, creating mistrust and hampering the effectiveness of systems designed to prevent financial crime, Transparency International has found.
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15 Feb 17
The risk of famine and severe food insecurity in eastern Africa is being compounded by the emergence of new pests and rising food prices.
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15 Feb 17
Weak growth in Germany, Italy and Greece in the final quarter of last year has dampened an optimistic outlook for the ever-sluggish eurozone.
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14 Feb 17
Overfishing is costing the global economy more than $80bn per year in lost revenues, the World Bank has found.
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14 Feb 17
Many international institutions do not have the capacity or trust needed to solve today’s conflicts, and this includes the United Nations, the organisation’s chief has said.
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14 Feb 17
The International Monetary Fund opened a first-of-its-kind training and technical assistance centre in South Asia yesterday.