Germany should urgently review the money it spends on humanitarian aid for Palestinians, given the ongoing large-scale attacks by Hamas militants on Israeli civilians, Finance Minister Christian Lindner said on Saturday. “The terrorism [committed against Israelis] is shocking. We should react to it not only with words,” Lindner, the leader …
Read More »Inflation in France has peaked – Finance Minister
Inflation in France has peaked, but is expected to stay at a high level for several more months before progressively decreasing, according to the country’s Finance Minister Bruno Le Maire. The rate reached 5.2% in May. “By end-2023, we should see a progressive decline of inflation. We could have an …
Read More »Default won’t affect Russians – finance minister
While the US is trying to push Russia into default on its foreign debt by blocking payments to bondholders, Moscow will do everything to avoid this from happening, Finance Minister Anton Siluanov said on Thursday. According to him, Russia will offer a tool that will allow all bondholders to receive …
Read More »Ukraine conflict makes Germany ‘poorer’ – finance minister
Germans are already paying a price for Russia’s military campaign in Ukraine, the country’s finance minister has acknowledged. Speaking to Bild tabloid newspaper, Christian Lindner said that “the Ukraine war is making us all poorer, for example, because we have to pay more for imported energy.” In an interview published …
Read More »China & Russia are ready to end US dominance of global finance
China and Russia have been gradually moving towards such an arrangement since the Global Financial Crisis of 2008 revealed the risks of excessive reliance on the US. However, American economic sanctions against both Moscow and Beijing appear to have intensified the search for alternatives. Banking on Washington The American-centric financial architecture …
Read More »‘Hands off our META’: Facebook stole new name from left-wing Athens think tank, says ex-Greece finance minister Varoufakis
In a series of tweets on Friday, Varoufakis told the Facebook founder to keep his “hands off our mέta” – referring to the Athens-based ‘Centre for Postcapitalist Civilisation’. The non-profit research center lists the Greek MP on an advisory board that includes scholar Noam Chomsky, musician Brian Eno, filmmaker Ken …
Read More »French finance minister says Pegasus spyware may have infected govt devices, including his own phone
In an interview on Friday, Le Maire acknowledged that French investigators were looking into the possible security breach, which may have even extended to the minister’s own phone. “We are in an investigation phase, and that includes my own device,” he told France Inter radio on Friday. He declined to …
Read More »Ex-finance minister Sajid Javid named UK health secretary after Hancock resigns over Covid rules-breaching extramarital romance
The new health secretary, whose appointment was made official on Sunday, said that his “immediate priority” is to bring the pandemic to a close so that the country can “return to normal.” He acknowledged that his new role comes with “huge responsibility” and said he’d do everything he can not …
Read More »G7 finance ministers reach ‘historic agreement’ on Biden’s push for global minimum corporation tax of 15%
US Treasury Secretary Janet Yellen met with her counterparts from Canada, France, Germany, Italy, Japan, and the United Kingdom in London on Saturday, where she made her administration’s case for a global minimum corporate tax rate of 15%. The ministers agreed to back her proposal, with UK finance minister Rishi …
Read More »Moscow finance staff now eligible for Russian Sputnik V Covid-19 jab – in line behind doctors, teachers & industrial workers
The Mayor of Moscow, Sergey Sobyanin, announced on Sunday on his personal website that registration would open for employees of banking and finance businesses, as well as for government workers. They will be able to sign up to receive their first dose of the Russian-made Sputnik V vaccine at one …
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