April 20, 2024
Finance

Emmanuel Macron attacks ‘hypocrite’ finance minister for mooting Thatcherite overhaul of economy

Sources told Le Figaro the level of irritation was evident as Mr Macron used the impersonal “tu” form and “almost never addresses his ministers by their first names in the formal setting of meetings at the Élysée Palace”. Unnamed ministers then stuck in the knife with one lambasting Mr Le Maire’s “discourse that consists of

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Finance

New finance minister says Pakistan will seek a long-term IMF loan to stabilize the economy

Pakistan’s newly appointed finance minister says the country plans to seek a long-term loan from the International Monetary Fund to help stabilize the country’s ailing economy after the end of the IMF’s current $3 billion bailout package March 22, 2024, 9:58 AM ET • 2 min read ISLAMABAD — Pakistan plans to seek a long-term

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Loans

Energy Department conditionally approves $2.26 billion loan for huge lithium mine in Nevada

RENO, Nev. (AP) — President Joe Biden’s administration has conditionally agreed to loan more than $2 billion to the company building a controversial lithium mine in Nevada with the largest known U.S. deposit of the metal critical to making batteries for electric vehicles key to his renewable energy agenda. The U.S Energy Department agreed on

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Funds

Australia resumes funding for UNRWA and pledges more Gaza aid

SYDNEY (AP) — Australia will restore funding to the United Nations relief agency for Palestinians, weeks after the agency lost hundreds of millions of dollars in support following Israeli allegations that some of its Gaza-based staff participated in the Oct. 7 attack. The Australian government also pledged Friday to increase aid for the besieged enclave,

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Crypto

A cryptocurrency mogul arrested in Montenegro faces extradition to South Korea after a court ruling

A Montenegrin court has ruled that cryptocurrency mogul Do Kwon should be handed over to his native South Korea, the latest twist in the months-long legal procedure that followed the arrest of the Terraform Labs founder in the Balkan nation last year By PREDRAG MILIC Associated Press March 7, 2024, 10:29 AM ET • 2

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Property

China seeks ways to revive slowing economy and salvage property market as annual congress convenes

BEIJING — It’s clear that China’s efforts to build confidence in its slowing economy will top the agenda of this week’s meeting of its ceremonial national legislature. What remains unclear is how the ruling Communist Party can navigate toward stronger, sustained growth as China’s workforce is aging, relations with Washington are fraught, and housing construction

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Investors

Apple CEO Tim Cook promises to ‘break new ground’ in Gen AI this year as the AI battle intensifies | Technology News

At Apple’s annual shareholder meeting on Wednesday, CEO Tim Cook said that the company is investing heavily in generative artificial intelligence, sending a clear message to investors that it wants to capitalise on the most buzzed-about technology. “We believe it will unlock transformative opportunities for our users when it comes to productivity, problem-solving, and more,”

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Finance

G20 finance meeting to set aside geopolitics, focus on economics

Sao Paolo/Brasilia/Tokyo: With their countries deeply divided over Israel’s attacks on Gaza, finance officials from the Group of 20 major economies are poised to set aside geopolitics and focus on global economic issues when they meet in Sao Paulo, Brazil this week. Brazil, keen to ensure a productive session that delivers consensus on key economic

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Finance

Israel’s finance minister blasts Moody’s downgrade of the the country’s credit rating

Israel’s finance minister has slammed a decision by the financial ratings agency Moody’s to downgrade Israel’s credit rating By MELANIE LIDMAN Associated Press February 11, 2024, 9:12 AM ET • 3 min read TEL AVIV, Israel — Israel’s finance minister on Sunday slammed the decision by financial ratings agency Moody’s to downgrade Israel’s credit rating,

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Funds

US has enough funds for now to continue training Ukrainian pilots on F-16, National Guard chief says

WASHINGTON – The National Guard still has enough money on hand to complete the training of Ukrainian pilots on F-16 fighter jets despite the U.S. running out of funds to send additional weapons and assistance to Kyiv, the head of the Guard Gen. Dan Hokanson said Thursday. President Joe Biden announced in August that the

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