UK prime minister hopefuls feud over tax and spending plans
By Andy Bruce and Elizabeth Piper LONDON – The final two candidates in the race to succeed British Prime Minister Boris Johnson clashed on Monday …
Minister
‘We’ll Be Busy With Popular Uprisings’: German Minister Makes Dire Remark About Energy Crisis
‘We’ll Be Busy With Popular Uprisings’: German Minister Makes Dire Remark About Energy Crisis Jack McEvoy on July 22, 2022 German Foreign Minister Annalena Baerbock …
Cuban economy minister sees gradual recovery despite long lines and blackouts
By Marc Frank HAVANA – Cuba’s economy has begun to recover from the effects of the pandemic and should grow 4% this year, its economy …
Sri Lankan Parliament Elects Allegedly Corrupt Former Prime Minister As President
Sri Lankan Parliament Elects Allegedly Corrupt Former Prime Minister As President Micaela Burrow on July 20, 2022 Sri Lanka’s parliament elected former prime minister Ranil …
New UK finance minister targets inflation, ‘sound finances’
By David Milliken LONDON – Britain’s government must focus on sound public finances and avoid further fuelling inflation by pumping up demand, new finance minister …
French public figures accuse new minister of homophobic comments
PARIS – More than 100 French public figures have signed an open letter denouncing what they said were homophobic remarks by a recently appointed government …
OPEC+ will assess oil market and do what is necessary, say Saudi foreign minister
JEDDAH, Saudi Arabia – Saudi Arabia’s foreign minister said a U.S.-Arab summit on Saturday did not discuss oil and that OPEC+ would continue to assess …
Russia not interested in nationalising foreign enterprises, says minister
(Reuters) -Moscow is not interested in nationalising foreign-owned enterprises operating in Russia, Trade and Industry Minister Denis Manturov said on Friday, in comments likely to …
Japan finance minister warns vs speculative moves behind rapid yen weakening
By Tetsushi Kajimoto TOKYO -Japanese Finance Minister Shunichi Suzuki warned on Friday against “speculative moves” seen behind a rapid yen weakening, using the strongest wording …
El Salvador finance minister says possible IMF deal no panacea
SAN SALVADOR – Salvadoran Finance Minister Alejandro Zelaya minimized on Thursday the potential positive impact of a long-delayed deal with the International Monetary Fund, even …
Philippines Finance Minister says economy robust enough to absorb aggressive rate hike
MANILA – The Philippine economy continues to be robust to absorb the 75 basis points increase in the central bank’s benchmark interest rates, given an …
Ex-finance minister Sunak vows to tackle inflation in pitch to be UK PM
LONDON – Former finance minister Rishi Sunak will set out his stall to be Britain’s next prime minister on Tuesday, vowing to tackle soaring inflation …
Ecuador affirms deficit target of 2% of GDP despite protests -minister
QUITO – Ecuador is holding firm to its fiscal deficit target for the year of 2% of gross domestic product (GDP), economy minister Pablo Arosemena …
Sri Lankan Prime Minister To Resign After Protests Over Collapsed Economy
Sri Lankan Prime Minister To Resign After Protests Over Collapsed Economy Micaela Burrow on July 9, 2022 Sri Lanka’s prime minister has agreed to step …
Sri Lanka prime minister summons emergency party leaders meeting after street unrest
COLOMBO – Sri Lanka’s Prime Minister on Saturday summoned an emergency meeting of political party leaders after protesters stormed the president’s house in the commercial …
China can consider increasing its budget deficits – ex-finance minister
BEIJING – China can consider further deficit spending by the central and local governments, if needed, to finance support for small businesses, a former finance …
Singapore minister says India needs higher economic growth to create jobs
NEW DELHI – India needs to achieve higher economic growth by focusing on exports and expanding production-linked incentives for more sectors to create more jobs, …
Japanese former prime minister Abe has died -NHK
TOKYO – Japanese former Prime Minister Shinzo Abe has died, public broadcaster NHK said on Friday. Abe, 67, had been delivering a stump speech near …
Spain expects its economy to continue growing in 2023 – minister
MADRID – Spain’s government expects the Spanish economy to continue growing next year despite the impact of rising inflation and the war in Ukraine, Finance …
UK ministers, including new Finance Minister, to tell Johnson to go-reports
LONDON -A group of cabinet ministers are about to tell Prime Minister Boris Johnson to quit, including the man who has just been appointed as …
Russian minister says ‘parallel imports’ scheme is working
MOSCOW – A parallel import mechanism that allows Russia to circumvent some supply restrictions is working, news agencies cited Industry and Trade Minister Denis Manturov …
Argentina economy minister, IMF deal architect, quits as government crisis builds
By Jorge Otaola BUENOS AIRES -Argentina’s economy minister Martin Guzman, the architect of a recent major debt deal with the International Monetary Fund (IMF), resigned …
Hungary targets deal on EU development funds by autumn – minister
BUDAPEST – Hungary expects to sign an agreement with the European Union by the autumn over 22 billion euros ($23 billion) of development funds under …
Czech finance minister seeks to keep 2022 budget deficit below $14.1 billion
PRAGUE – Czech Finance Minister Zbynek Stanjura said on Sunday he wanted to keep the 2022 state deficit from rising above 330 billion crowns ($14.1 …
German economy minister warns of industry shutdown amid gas shortage -Spiegel
BERLIN -Germany is heading for a gas shortage if Russian gas supplies remain as low as they are now, and certain industries would have to …
Japan Finance Minister says to respond to FX moves appropriately if necessary
TOKYO -Japanese Finance Minister Shunichi Suzuki said on Tuesday he was concerned about recent sharp yen weakening and would appropriately respond to exchange market moves …
UK minister warns public sector workers not to expect above-inflation pay rises
LONDON – The British government needs to be sensible about public sector pay, junior treasury minister Simon Clarke said on Monday, warning that above-inflation rises …
Germany’s debt interest payments could soar next year, finance minister warns – newspaper
BERLIN – Finance Minister Christian Lindner warned that interest charges on Germany’s public debt could reach 30 billion euros next year due to rising interest …
Canada’s finance minister says ‘soft landing’ not guaranteed as rates rise
OTTAWA – Canadian Finance Minister Chrystia Freeland expressed confidence on Thursday in the Bank of Canada’s ability to rein in surging inflation and keep price …
U.S. Senator likely would block passage of EV tax credits – Canada minister
By Steve Scherer OTTAWA – Canada’s minister of natural resources on Tuesday said U.S. Senator Joe Manchin, a key Democrat, would likely block the passage …
Russia’s war may deprive world of three Ukrainian wheat harvests – minister
By Pavel Polityuk KYIV – Russia’s invasion of Ukraine will create a global wheat shortage for at least three seasons by keeping much of the …
Greek Finance Minister: Greece to exit EU’s enhanced surveillance framework this week
ATHENS – Greek Finance Minister Christos Staikouras said on Tuesday he expects euro zone finance ministers to confirm the country’s exit from the bloc’s enhanced …
French Finance Minister: rising U.S. bond yields show that ‘era of cost-free money is over’
PARIS – French Finance Minister Bruno Le Maire told France 2 television on Tuesday that the rise in U.S. bond yields showed that the “era …
German finance minister warns of stagflation risk, pledges return to fiscal rigour
BERLIN – German Finance Minister Christian Lindner said there was a risk of a period of high inflation and low growth following Russia’s invasion of …
German economy minister welcomes move to higher interest rates
BERLIN – German Economy Minister Robert Habeck on Monday welcomed the European Central Bank’s indication last week that it would deliver next month its first …
German economy minister aims to tighten antitrust laws
FRANKFURT – German Economy Minister Robert Habeck plans to present concrete proposals to tighten the nation’s antitrust laws and give the Federal Cartel Office more …
Turkish finance minister says economy liberal, growth sustainable
ISTANBUL – Turkey’s Finance Minister Nureddin Nebati said on Saturday that the Turkish economy is liberal and will continue to grow in a sustainable way …
IMF still has concerns over Pakistan budget – finance minister
By Gibran Naiyyar Peshimam ISLAMABAD – Pakistan’s finance minister said on Saturday that the International Monetary Fund (IMF) has expressed concern about the country’s recently …
No reserves in Germany’s federal budget, says finance minister
BERLIN – Germany’s federal government has reached the limit of its fiscal capacity, its finance minister said, with extra financing to cope with the coronavirus …
Czech finance minister outlines plan to let firms to pay taxes in euros, look at more euro debt
By Jan Lopatka and Jason Hovet PRAGUE – The Czech government’s plan to let companies pay taxes in euros from 2024 will enable the state …
Exclusive-Czech minister plans lower 2023 deficit to keep fiscal plans on track
By Jan Lopatka and Jason Hovet PRAGUE – The Czech Republic’s finance minister told Reuters he aimed to keep next year’s budget deficit target below …
French Finance Minister: reaffirms inflationary peaks to last several more months
PARIS – French Finance Minister Bruno Le Maire reaffirmed on Wednesday that he expected the peak in inflation to last several more weeks or even …
Indonesia to cut maximum palm oil export tax and levy to a combined $488/T – trade minister
By Stefanno Sulaiman JAKARTA – Indonesia Trade Minister Muhammad Lutfi said on Tuesday the government would bring down its combined maximum crude palm oil export …
Mexico foreign minister accuses U.S. of inconsistency in Americas Summit invitations
MEXICO CITY – Mexican Foreign Minister Marcelo Ebrard on Tuesday accused the United States of double standards by refusing to invite Cuba, Venezuela and Nicaragua …
Thai economy still seen growing 3% this year – Finance Minister
BANGKOK – Thailand’s economy is still expected to grow 3% this year, driven by exports, despite global uncertainty, the finance minister said on Monday. However, …
Czech budget deficit to surpass CZK 300 billion in 2022 amid Ukraine war -minister
PRAGUE – The Czech state budget will surpass 300 billion crowns ($13.05 billion) this year, overshooting a 280-billion-crown target, Finance Minister Zbynek Stanjura said, as …
Despite war, inflation, France sees positive economic growth in 2022 -minister
PARIS – France’s finance minister said on Sunday he expected positive growth for 2022, but would revise economic forecasts at the start of July. “It’s …
France in talks with UAE to replace Russian oil supplies -minister
PARIS – France is in talks with the United Arab Emirates to replace Russian oil purchases, which will stop after the imposition of a European …
Europe’s south expects over 150,000 migrant arrivals this year – minister
MILAN – Mediterranean countries on major migrant routes into Europe expect over 150,000 arrivals this year as food shortages caused by the Ukraine conflict threaten …
Ukraine’s intelligence in communication with captured Azovstal fighters – minister
(Reuters) – Ukraine’s intelligence services are in communication with the captured Azovstal steelworks fighters and Kyiv is doing all it can to ensure their release, …