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22 Dec 16
The world’s rapidly growing cities will need high quality financial management and new sources of revenue if they are invest in the high quality infrastructure needed to remain competitive, according...
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21 Dec 16
The Italian government is preparing to request €20bn from the country’s parliament in order to rescue Monte dei Paschi, the oldest surviving bank in the world.
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21 Dec 16
Cancer, strokes and heart and lung diseases will soon be a bigger threat to people in Africa than infectious outbreaks like Ebola or Zika, the World Health Organisation has warned.
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21 Dec 16
Plans for increased tax transparency across the European Union, which would have seen the details of the true owners of secretive companies made public have been watered down by national governments...
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20 Dec 16
Australia has increased its fiscal deficit forecasts for the next four years compared to May’s predictions, the most recent mid-year economic forecast has shown.
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19 Dec 16
Ukraine is to nationalise its largest lender, PrivatBank, in order to prevent a potential financial system meltdown triggered by the collapse of an institution deemed too big to fail.
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19 Dec 16
Venezuela’s president has pulled back on his sudden demonetisation of the country’s biggest bank note amid chaos and cash shortages.
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15 Dec 16
Debt relief measures for Greece have been frozen just weeks after they were agreed because of a series of social welfare measures announced by the government, a move that has angered creditors.
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15 Dec 16
A constitutional amendment to freeze Brazil’s public spending for 20 years will take effect today, after being approved by parliament earlier this week.
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15 Dec 16
High public sector debt is a key risk to the performance of Malaysia’s economy, the International Monetary Fund warned as it welcomed plans to cut spending and hike certain taxes.
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15 Dec 16
Japanese lawmakers have lifted a longstanding ban on casinos, betting on the economic benefits of what is estimated to be a $40bn per year industry.
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15 Dec 16
An economic slowdown in India, partly triggered by the botched withdrawal of two high-denomination banknotes, is having wider regional effects and has prompted the Asian Development Bank to trim its...
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14 Dec 16
Greeks are unhappier with their lives than citizens in a host of post-communist and less developed nations across Europe and central Asia, according to a survey.
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14 Dec 16
The International Monetary Fund has congratulated Spain on an “impressive” economic recovery.
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14 Dec 16
The world’s 48 poorest countries have fallen further behind the rest of the world due to the recent collapse in commodity prices, which has caused growth in this group to slump to its weakest level...
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13 Dec 16
Syria’s brutal five-year civil war could have cost the country as much as $38bn in lost growth, researchers from the UK have estimated.
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13 Dec 16
Claims the International Monetary Fund is demanding more austerity in Greece amount to ‘turning the truth upside down’, the fund has argued.
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12 Dec 16
Governments should focus spending on mental health and wellbeing, researchers have argued, after a study found these are more closely linked to happiness than financial problems or poverty.
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12 Dec 16
Brazil’s planned 20-year government spending freeze will breach citizens’ human rights, a United Nations expert has concluded.
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12 Dec 16
Venezuela’s largest bank note will be pulled from circulation this week in a surprise move announced by the country’s president Nicolas Maduro yesterday.
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9 Dec 16
European Union protections against pandemics that could spread quickly throughout the bloc suffer from “significant weaknesses”, the European Court of Auditors has found.
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9 Dec 16
International lawmakers have signed an open letter urging their governments to pursue greater tax transparency following a summit on the issue in the UK today.
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9 Dec 16
The European Central Bank is to scale its quantitative easing programme back by €20bn per month from March 2017.
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8 Dec 16
India’s central bank has defended the government’s decision to pull two high denomination rupee notes out of circulation, a move that sent the country into disarray.
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8 Dec 16
It has been an “exceptionally weak” year for sub-Saharan African growth, according to ratings agency Fitch, with an economic expansion of just 0.9% expected be registered in 2016.