Economy
IMF downgrades global growth forecasts citing geopolitical issues as the biggest threat to growth
The International Monetary Fund has downgraded its global growth forecasts for the second time in three months, warning that a range of…
German finance minister warns that golden “fat years” are over
Finance Minister Olaf Scholz says Germany will have to say goodbye to the tax revenue windfalls it has been accustomed to. International…
MISCO HR Developments survey confirms extent of ‘multi-ethnic’ work force
77% of respondents in this year’s MISCO’s annual survey on HR Developments in Malta stated that they recruited EU citizens whereas 44%…
Nobel Prize for Economic Science awarded to Bill Nordhaus and Paul Romer
The Nobel Prize for Economic Science goes to the great Bill Nordhaus -- the founder of modern environmental economics, joint with Paul…
Reduction in German business confidence registered
The Munich-based ifo institute reported Monday its business climate barometer for September had fallen by 0.2 points to 103.7 points, based on…
Libyan businessman, Husni Bey, critical of ‘economic reform package’ announced by Presidential Council
Libyan businessman, Husni Bey, told Libyan Express on Thursday that branding the decrees issued by the Head of the Presidential Council Fayez…
Turkey announces economic plan for country’s recovery
Turkey’s finance minister has lowered the country’s economic growth targets and promised to slash public spending by nearly $10bn as the country…
Di Maio denies he’s seeking resignation of Economy Minister, warns that he has to find the resources to increase welfare spending
Italian Deputy Prime Minister Luigi Di Maio on Tuesday denied a media report saying that he had called for Economy Minister Giovanni…
UK Labour finance spokesman expected to accuse bankers of profiting from speculation at the expense of ordinary people
London’s vast financial services industry must never again be the “master of the economy”, the opposition Labour finance spokesman will say on…
Austerity measures in Argentina announced
Argentina has announced austerity measures in a bid to tackle the "emergency" created by the country's currency crisis. In a televised address,…
Turkey raises tax on foreign currency deposit accounts to support struggling Lira
Turkey has raised a tax on foreign currency deposit accounts and scrapped another on lira savings as it tries to shore up…
Argentina increases interest rate to 60 per cent
Financial Times reports that Argentina ratcheted up interest rates by 15 percentage points to 60 per cent on Thursday as the central…