By Giuseppe Fonte and Gavin Jones ROME (Reuters) – A proposal in Italy’s draft budget is not in line with its previous commitments to incentivise electronic payments as a way to boost tax compliance, according to a former Italian Treasury official who helped negotiate the accords. One of the so-called policy “milestones” in Italy’s pandemic …
Italy cash payments plan breaks spirit of EU accord, expert says Read More »
By Marc Jones LONDON (Reuters) – Ukraine’s Finance Minister Serhiy Marchenko has said more Western aid is needed to help it meet its growing reconstruction costs following this week’s escalation of Russian missile attacks. A blitz of Russian strikes in recent days have caused Kyiv’s biggest power outages of the nine-month long war to date …
Ukraine’s finance minister says reconstruction costs are rising Read More »
PARIS (Reuters) – Economic stability and growth are both crucial for delivering sustainable public finances, German Finance Minister Christian Lindner told a news conference ahead of talks with his French counterpart on Thursday. “There is no choice between stability and growth. You need both for sustainable public finances,” Lindner said, adding that Berlin and Paris …
German Finance Minister: need stability and growth for sustainable public finances Read More »
By Alexander Marrow and Supantha Mukherjee MOSCOW (Reuters) -Amsterdam-listed mobile operator Veon said on Thursday it would sell its Russian business, Vimpelcom, to senior members of the Vimpelcom management team, led by CEO Aleksander Torbakhov, for 130 billion roubles ($2.2 billion) Veon operates the Beeline brand through Vimpelcom in Russia, a market that accounts for …
Mobile operator Veon to sell Russian business for $2.2 billion Read More »
(Reuters) – European countries face strikes and protests due to high energy prices and a wider rise in living costs. Here are details of some of the industrial action and demonstrations. BRITAIN * Some 400 fast-food delivery staff employed by Tesco-owned Best Food Logistics have voted to strike over pay, the GMB union said on …
Factbox-Strikes, protests in Europe over cost of living and pay Read More »
By Divya Rajagopal and Bhanvi Satija (Reuters) -Manulife Financial Corp will outsource its property operations in Canada to focus on its entrepreneurial investment management unit, Canada’s biggest life insurer said Thursday. The change to a new structure will result in Manulife Investment Management, which overseas the real estate portfolio, shedding 50 jobs, two sources familiar …
Manulife to outsource Canada real estate services to JLL, resulting in 50 job cuts Read More »
By Gabriel Araujo MEXICO CITY (Reuters) – Mexico’s annual consumer prices slowed more than expected during the first half of November, but the core inflation index – which remains a main concern in the country as it grapples with high costs – came in above market forecasts. Data from national statistics agency INEGI showed on …
Mexico core inflation higher than expected in early Nov, rate hikes to continue Read More »
By Christian Akorlie and Cooper Inveen ACCRA (Reuters) – Ghana will freeze the hiring of public and civil servants and extend a moratorium on government car purchases and non-essential travel in order to tackle a spiralling debt crisis, finance minister Ken Ofori-Atta said on Thursday. Presenting the West African nation’s 2023 budget in parliament, Ofori-Atta …
Ghana at high risk of debt distress, finance minister says Read More »
DUBLIN (Reuters) – Irish Finance Minister Paschal Donohoe is on course to be elected president of the Eurogroup in December for the second time after the group of euro zone finance ministers on Thursday said no one else had applied for the job. “Only one minister has put forward his candidacy for the next mandate …
Ireland’s Donohoe unopposed in bid for second term as Eurogroup Chief Read More »
By Essi Lehto HELSINKI (Reuters) -The European Union is pressing ahead with a ninth sanctions package on Russia in response to Moscow’s attack on Ukraine, European Commission chief Ursula von der Leyen said during a visit to Finland on Thursday. “We are working hard to hit Russia where it hurts to blunt even further its …
EU preparing new Russia sanctions package, von der Leyen says Read More »
