Government Finances

Labour leader and other UK lawmakers could lose seats in cost cutting plan

Labour leader and other UK lawmakers could lose seats in cost cutting plan

Published 17/10/2017

The leader of Britain's main opposition Labour Party, Jeremy Corbyn, and other politicians could lose their seats if proposals to "cut the cost of politics" go ahead, a report suggested on Tuesday. [more…]

Greek economy in recession in 2016: statistics agency

Greek economy in recession in 2016: statistics agency

Published 17/10/2017

Greece's economy contracted by 0.2 percent last year, the head of statistics service ELSTAT said on Tuesday, releasing its second estimate of full-year 2016 gross domestic product. [more…]

Exclusive: India likely to stick to deficit target, may step up bank reform – Modi adviser

Exclusive: India likely to stick to deficit target, may step up bank reform – Modi adviser

Published 17/10/2017

India is likely to stick to its fiscal deficit target of 3.2 percent of GDP, and may accelerate sales of government stakes in lenders and other companies as part of an effort to recapitalize banks, an adviser to the prime minister said on Tuesday. [more…]

ECB`s Constancio says time to take bubble-bursting `more seriously`

ECB`s Constancio says time to take bubble-bursting `more seriously`

Published 17/10/2017

It is time that authorities in Europe and the other rich parts of the world take the fight against financial bubbles "more seriously" or risk facing another financial crisis, the vice-president of the European Central Bank said on Tuesday. [more…]

Senate Republicans gain moment on tax reform budget measure

Senate Republicans gain moment on tax reform budget measure

Published 17/10/2017

U.S. Senate Republicans on Monday gained crucial support for a vote on a budget resolution that is vital to President Donald Trump's hopes of signing sweeping tax reform legislation into law before January. [more…]

Trump declares Obamacare `dead,` urges Democratic help for short-term fix

Trump declares Obamacare `dead,` urges Democratic help for short-term fix

Published 16/10/2017

U.S. President Donald Trump on Monday declared Obamacare "dead" and "gone," but urged Republicans and Democrats in Congress to craft a short-term fix of healthcare markets under the 7-year-old law that critics say he has effectively sabotaged. [more…]

Senate Republican Murkowski leaning yes on tax reform budget

Senate Republican Murkowski leaning yes on tax reform budget

Published 16/10/2017

U.S. Republican Senator Lisa Murkowski said on Monday that she was leaning toward a "yes" vote on a Senate budget resolution intended to facilitate the passage of tax reform legislation later this year. [more…]

ECB still believes in eventual inflation, wage rise: Draghi

ECB still believes in eventual inflation, wage rise: Draghi

Published 14/10/2017

Wages and inflation in the 19-country euro zone will eventually rise but more slowly than earlier thought, requiring continued patience from policymakers, European Central Bank President Mario Draghi said on Saturday. [more…]

Allies press Catalan leader to declare full independence, ignore Madrid deadlines

Allies press Catalan leader to declare full independence, ignore Madrid deadlines

Published 13/10/2017

Catalan leader Carles Puigdemont came under pressure from one of his key allies on Friday to declare full independence and ignore a threat of direct rule from the Spanish government. [more…]

Canada, Mexico vow to stick with NAFTA talks, Mexico works on Plan B

Canada, Mexico vow to stick with NAFTA talks, Mexico works on Plan B

Published 13/10/2017

The leaders of Mexico and Canada on Thursday pledged to work toward a renegotiation of the North American Free Trade Agreement (NAFTA) even as talks taking place in the United States turned sour due to hard-line U.S. demands. [more…]