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11 Oct 22
The plight of Ukrainian refugees has been raised by UK campaigners and local government leaders.
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11 Oct 22
Japan’s “robust” governance and improving public finances were enough to maintain investor confidence despite low growth prospects and ever-high debt levels, as rating agency Fitch affirmed its...
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11 Oct 22
The acceleration of reforms aimed at collecting additional revenue and debt restructuring will help Sri Lanka to support its poorest and aid its financial recovery, economists at the World Bank have...
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10 Oct 22
Governments across the European Union have spent more than €100bn on Russian fossil fuels since the nation invaded Ukraine in February, a climate group has said.
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7 Oct 22
Serious floods in Pakistan have led to increased public spending and higher debt, and a key factor in a downgrade to the nation’s credit rating, Moody’s has said.
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6 Oct 22
Countries across the world should speed up their fight against climate change in the next few years because the immediate cost will be “dwarfed” by the “overwhelming” benefits, economists at the...
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6 Oct 22
The US Securities and Exchange Commission has raised concern over the ability of women and under-represented entrepreneurs to start small businesses.
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5 Oct 22
High inflation combined with increased debt servicing costs has increased the likelihood of a debt default and led to Moody’s downgrading Ghana’s credit rating.
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3 Oct 22
Developing country central banks making losses amid rising interest rates and falling asset values risk harming their governments’ public finances, ratings agency Fitch has warned.
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30 Sep 22
The international standard-setter on public sector sustainability is moving forward with plans for new guidance.
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30 Sep 22
The German government has announced a €200bn fund to protect consumers and businesses from high gas prices.
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28 Sep 22
European Union countries should ensure their citizens are guaranteed a sufficient ‘minimum income’ to live in “dignity at all stages of life”, according to the bloc’s executive arm – but officials...
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27 Sep 22
Governments should contemplate raising taxes on higher earners and businesses that have profited from the current energy crisis to support those in need, a senior economist has said.
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27 Sep 22
A recent package of tax cuts announced by the UK government “doesn’t help” global economic uncertainty, a US Federal Reserve official has warned amid an overwhelmingly negative investor reaction.
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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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23 Sep 22
The US central bank has put interest rates up by another big jump, continuing its recent fast pace of increases as inflation continues to be far above its target level.
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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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16 Sep 22
Central banks raising interest rates to slow inflation risk “devastating” the lives of people in poorer countries if their actions push those countries into recessions, World Bank president David...
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15 Sep 22
The energy crisis exacerbated by the Russian invasion of Ukraine will see the UK and eurozone plunge into a recession later this year and in 2023, economists at Fitch have said.
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14 Sep 22
The US has set out how it will use billions of dollars of Afghanistan’s central bank reserves itself, keeping them from local officials but insisting they will be used to benefit the Afghan people.