By Charlotte Greenfield (Reuters) -The Taliban’s acting governor of the Afghan central bank met China’s ambassador this week to discuss banking relations and business, the bank’s spokesperson told Reuters on Friday. Afghanistan’s banking system has been severely hampered by U.S.-led sanctions, a drop in liquidity from frozen central bank assets and a cut in development…
By Leigh Thomas PARIS (Reuters) – One of the two pillars of a global corporate tax overhaul due to come into force next year is at risk of collapsing as plans over how to share taxing rights on the 100 biggest, most profitable multinationals fall victim to domestic U.S. politics. Nearly 140 countries are supposed…
By Byron Kaye, Melanie Burton and Praveen Menon SYDNEY (Reuters) – Some of Australia’s biggest companies, including miners, banks and retailers, are emerging as powerful sources of support for a campaign to recognise the country’s Indigenous people in the constitution, a development that could sway the outcome of a referendum later this year. The advocacy…
By Ali Kucukgocmen and Ezgi Erkoyun ISTANBUL (Reuters) – Turkey’s central bank is expected to raise its policy rate by a huge 1,150 basis points next week, from 8.5% to 20%, a Reuters poll showed on Friday, in a policy U-turn after rate cuts under President Tayyip Erdogan led to a cost-of-living crisis. The central…
By Sergio Goncalves LISBON (Reuters) -Declines in the international market prices of raw materials, energy and foods will need to start making their mark on consumer goods or interest rates will have to be raised further, ECB Governing Council member Mario Centeno said on Friday. “The overwhelming majority of inflationary shocks, if not all, have…
FRANKFURT (Reuters) -European Central Bank policymakers lined up behind plans to raise interest rates again next month, but views diverged on policy further down the road as underlying inflation remained stubbornly high even as the economy is barely growing. The ECB raised interest rates to a 22-year high of 3.50% on Thursday and said it…
By Andrew Osborn (Reuters) – Russian President Vladimir Putin on Friday thanked the president of the United Arab Emirates for his efforts in freeing prisoners of war in Ukraine and hailed what he said were expanding economic ties between Moscow and Abu Dhabi. Putin made the comments during talks with UAE President Sheikh Mohammed bin…
By Lefteris Papadimas and Stamos Prousalis KALAMATA, Greece (Reuters) -Rescuers scoured the seas off Greece on Thursday following a shipwreck that killed at least 78 migrants, as hopes of survivors dwindled and fears grew that hundreds more, including children, may have drowned inside the crowded vessel’s hold. Reports suggested between 400 and 750 people had…
BEIJING (Reuters) – China’s fiscal revenues grew 14.9% in the first five months from a year earlier, quickening from a 11.9% rise in the first four months, data from the finance ministry showed. Fiscal spending rose 5.8% in the January-May period from a year earlier, slowing from a rise of 6.8% rise in the first…
WARSAW (Reuters) – Polish Prime Minister says Intel’s new semiconductor assembly and test facility near Wroclaw, western Poland, will the biggest greenfield investment in the country and that he hoped it would attract other investors. Intel announced on Friday it will invest up to $4.6 billion in the new facility as part of a multi-billion-dollar…
