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A service for global professionals · Saturday, November 26, 2022 · 603,366,179 Articles · 3+ Million Readers
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  • Published on 09:09 GMT

    Luxembourg’s Pierre Gramegna to lead eurozone bailout fund

    Eurozone finance ministers on Friday elected Pierre Gramegna, a former finance minister of Luxembourg, to lead the European Stability Mechanism (ESM). The election caps a race to replace Klaus Regling as managing director of the bloc's bailout fund, a …

    Source: Politico - Neutral
  • Published on Nov 25, 2022

    EU trade ministers try to avert the subsidy race

    Welcome to EURACTIV’s weekly Economy Brief. You can subscribe to the newsletter here. Discussions with the US about their Inflation Reduction Act (IRA) loom large over tomorrow’s (25 November) meeting of EU trade ministers who hope to avert a subsidy race …

    Source: EurActiv - Neutral
  • Published on 08:28 GMT

    World Economic Outlook for 2023 Increasingly Gloomy

    The outlook for the global economy headed into 2023 has soured, according to a number of recent analyses, as the ongoing war in Ukraine continues to strain trade, particularly in Europe, and as markets await a fuller reopening of the Chinese economy …

    Source: Voice of America - Public Broadcaster
  • Published on Nov 25, 2022

    Hungary faces suspension of EU funds, according to German press reports

    Hungary faces a potential suspension of €7.5bn from EU cohesion funds despite a string of regulations put into law to tackle corruption as well as measures taken to guarantee the independence of the judiciary, according to German press reports. The …

    Source: BNE Intellinews - Neutral
  • Published on 10:52 GMT

    Worsening World Economic Outlook through 2023

    USA: The outlook for the global economy has worsened in 2023, according to several recent analyses, as the ongoing conflict in Ukraine continues to restrict trade, particularly in Europe, and the market sees China as a thoroughly disruptive economy. …

    Source: News Track - Uncategorized
  • Published on Nov 24, 2022

    EU lawmakers back 18bn euro Ukraine aid stalled by Hungary

    STRASBOURG: The European Parliament on Thursday approved an 18-billion-euro ($18.7-billion) EU financial support package to get Ukraine through 2023, but the plan remains blocked by opposition from Hungary. Kyiv is urgently seeking billions in emergency …

    Source: Business Recorder - Neutral
  • Published on Nov 24, 2022

    Rehn: Eurozone recession would be a nuisance rather than collapse for Finland

    THE EUROZONE is at risk of sliding into a recession the severity of which will be determined largely by the energy crisis and solutions adopted to alleviate it, estimates Olli Rehn, the governor of the Bank of Finland. Rehn on Tuesday reminded in the …

    Source: Helsinki Times - Neutral
  • Published on Nov 25, 2022

    'Confronting the Crisis': OECD report warns of global slowdown

    One of the most striking graphics from the latest “Global Economic Outlook” report published by the Organisation for Economic Co-operation and Development (OECD) on Nov. 22 demonstrates the amount allocated to energy in the gross domestic product (GDP) of …

    Source: Daily Sabah - Pending
  • Published on Nov 25, 2022

    European Parliament approves $18.7 bln loan for Ukraine in 2023

    Kiev/UNI: The European Parliament Thursday approved an 18 billion euro ($18.7 billion) conditional loan for Ukraine to cover essential public services and rehabilitation of infrastructure throughout next year. "The 18 billion euros will cover …

    Source: India Blooms - Center-right
  • Published on Nov 25, 2022

    Why the Status of the Fifth-Largest Economy Is a Job Half Done for India

    By Hilary Schmidt, International Banker   It has been a decidedly contrasting picture for the economies of India and the United Kingdom in recent years. The UK faces a massive cost-of-living crisis predicated on double-digit inflation; it is set to face a …

    Source: International Banker - Neutral
  • Published on Nov 25, 2022

    Ukraine receives $26.7 bln, or 71% of declared int'l financial assistance - Ukrainian Finance Ministry

    25 Nov 2022 20:19 MOSCOW. Nov 25 (Interfax) - The volume of financing de facto provided to Ukraine by international partners since the start of the military action to cover the state budget deficit reached $25.731 billion as of November 24, the Ukrainian …

    Source: Interfax-Russia - Pro-Government
  • Published on Nov 22, 2022

    Sri Lanka and EU parliamentary delegations review bilateral cooperation

    A multi-party delegation from the Sri Lankan parliament and the delegation for relations with the countries of South Asia in the European Parliament (DSAS) conducted a productive virtual dialogue recently. The respective delegations to the meeting were led …

    Source: Ada Derana - Uncategorized
  • Published on Nov 22, 2022

    IMF approves 530-mn-euro loan for North Macedonia

    The International Monetary Fund on Monday announced it had approved a deal to give North Macedonia access to 530 million euros to help the country recover from the coronavirus pandemic and knock-on effects from the war in Ukraine. PAY ATTENTION: Сheck out …

    Source: Briefly - Neutral
  • Published on Nov 19, 2022

    EU president says Cop27 deal is ‘small step towards climate justice’ but warns much more to be done – as it happened

    From 5h ago Head of EU describes deal as 'small step towards climate justice' The head of the EU executive, Ursula von der Leyen, has described the Cop27 deal as “a small step towards climate justice”, but said much more was needed for the planet. …

    Source: The Guardian - Center-left
  • Published on Nov 25, 2022

    Ukraine Latest: Power cuts in focus as Russian invasion hits the nine-month mark

    US President Joe Biden said he was confident there would be support in Congress for additional aid to Ukraine, even after Republicans — who have vowed greater oversight of the spending — take control of the House in January.  European Union diplomats were …

    Source: Daily Maverick - Neutral
  • Published on Nov 20, 2022

    IMF Director: Trade gap could cost global economy $1.4 trillion

    The head of the International Monetary Fund said rising trade barriers against China and other countries over the past year could cost the global economy $1.4 trillion, on top of the severe damage caused by the war in Ukraine. “What I hope to see is a …

    Source: Asume Tech - Uncategorized
  • Published on Nov 25, 2022

    Making Russia Pay

    The longer the war continues, the greater the destruction and the greater the bill for reparations. As of late 2022, total material damage could easily amount to $1 trillion-plus perhaps another $1 trillion (or more) for deaths, wounds, and displacement of …

    Source: CEPA - Neutral
  • Published on Nov 25, 2022

    COP27 meetings: achievements, setbacks, and deficiencies

    This year’s COP meetings that were supposed to be held in Sharm el-Sheikh, Egypt from November 6-18, but had to go into overtime and spilled over to November 20 to show some meaningful progress in terms of needed climate action. On the bright side, the COP …

    Source: Business Recorder - Neutral
  • Published on Nov 24, 2022

    Spain's draft budget moves step closer to approval

    The Spanish Parliament building is seen at night in central Madrid, Spain, March 2, 2016. REUTERS/Sergio Perez MADRID, Nov 24 (Reuters) - Spain's 2023 budget bill moved another step closer to its approval on Thursday as the minority leftist …

    Source: Reuters - Neutral

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