local currency payments boost BRICS financial autonomy – Putin
An increase in payments in national currencies is bolstering the financial independence of BRICS countries and…
EU approves €35b loan to Ukraine using frozen Russian assets
The European Union (EU) approved on Tuesday a plan to use frozen Russian central bank assets to provide a €35…
Egypt adopts medium-term budget framework towards more sustainable public finances
The Medium-Term Budget Framework (MTBF) is one of the key reforms implemented by the Egyptian Ministry of Finance…
Climate events cost EU €26b annually – ECA report
The European Union (EU) has averaged €26 billion in annual economic losses from extreme climate-related events over…
Hybrid cars overtake petrol vehicles in EU sales for 1st time
Hybrid cars accounted for 32.8 per cent of total new car sales in the European Union (EU) in September, surpassing…
BRICS to advance mutual payment mechanisms – Russian minister
Significant advancements in mutual payment mechanisms among BRICS nations are anticipated following the upcoming…
Italian high-yield activities thrive amid strong debt market – Fitch
Italian high-yield and leveraged finance issuers are benefiting from favourable debt capital market conditions,…
Egyptian-Japanese Business Council, UNDP sign MoU to boost sustainable collaboration
The Egyptian-Japanese Business Council and the United Nations Development Programme (UNDP) signed on Tuesday a…
Thailand’s growth may fall short of 3% in ’24, expected to rebound ’25
Thailand's economic growth may not hit 3 per cent this year but is expected to surpass that in 2025 as the…
China’s banks report $121.3b forex deficit in ’24
China's commercial banks reported a foreign exchange (FX) settlement deficit of $121.3 billion in the first three…
