Senegal’s debt jumps amid rising fiscal pressures
Senegal’s public debt surged by the end of March 2025, reflecting mounting fiscal strain as the government…
Browsing Tag
financial crisis
Spanish unemployment hits 17-year low in May
Spain’s registered unemployment fell below 2.5 million in May for the first time since July 2008, Reuters reported…
UK budget deficit widens, overshooting forecasts
UK's current budget deficit rose to a provisional £74.6 billion in the financial year ending March 2025, £12.6…
Financial crisis risk looms over US deregulation- French official
France’s central bank governor, François Villeroy de Galhau, warned on Wednesday that any push for financial…
Italy’s GDP rebounds to pre-crisis levels – IMF
Italy's economy expanded by 0.9 per cent in 2023, and by the first quarter of 2024, real GDP had surpassed…
Germany’s Scholz pushes for united EU banking
German Chancellor Olaf Scholz advocated on Tuesday for the completion of a European banking union, emphasising it…
Bold strategies may help global banks double their value in 5 yrs – BCG
Global banks could potentially double their current valuations, creating at least $7 trillion in value over the…
German construction to decline in 2024 – DIW
German construction spending is set to decline for the first time in 2024 since the financial crisis, according to…
UK grocery price inflation climbs to 17.1 percent
UK grocery inflation has been inclining in February to reach its highest recorded rate of 17.1 percent, according…
JP Morgan’s actions during 08 crisis were done to support U.S. – CEO
J.P. Morgan Chase chief executive Jamie Dimon told employees that his takeovers of failed banks and billions of…
Egypt’s FM Shoukry calls for strategy to protect UNRWA from financial crisis
Egyptian Foreign Minister Sameh Shoukry called for developing a "sustainable" strategy to prevent a recurring…
Bank of England hikes interest rates for the second time since financial crisis
The Bank of England (BOE) on Thursday has announced a rate hike despite ongoing uncertainty over the future of the…
China won’t be prioritizing growth this year, economist says
China's fears of a financial crisis will spur Beijing to keep the country's growth target in check, a widely…
China’s c.bank chief calls Beijing to promote equity, cut debt, eliminate…
China's central bank chief spelled out his strategy to prevent a future financial crisis, urging broadened equity…
Financial crisis over, 2018 to witness boom: Egypt’s CBE governor
The financial crisis is over and 2018 will see a boom, said Governor of the Central Bank of Egypt (CBE) Tarek Amer.…
Wall St economists doubtful Fed will deliver on rate rises
The Federal Reserve will wait six months before raising interest rates again, according to a survey of top…
Yellen defends the Dodd-Frank bank rules that Trump wants to scrap
President-elect Donald Trump has vowed to repeal the Dodd-Frank banking reforms, which were designed to prevent a…
Dollar takes breather, investors anxious about Fed rate outlook
The dollar took a breather on Wednesday as investors waited to see if the U.S. Federal Reserve will signal any…
German finance minister says can’t rule out new financial crisis
Germany’s Finance Minister Wolfgang Schaeuble warned on Friday that a new financial crisis could not be ruled out…
Central banks may do more harm than good, says India’s central bank chief
Raghuram Rajan, governor of the Reserve Bank of India, has been leery of the unconventional monetary policy tools…
China market chaos blamed on exodus of regulatory ‘turtles’
At the height of the 2008 financial crisis, as Wall Street slashed jobs, Beijing took advantage of the disarray to…
Greece agrees fresh bailout terms: Greek finance minister
https://www.youtube.com/watch?v=7ECB8DjXu30
Greece has agreed fresh bailout terms with its international…
U.S. Crude Oil Output to Soar till 2020 Despite Price Rout: EIA
The U.S. government on Tuesday forecast domestic crude production will rise even more than expected a year ago,…
Deutsche Telekom Projects Rising Payout Amid Earnings Growth
Deutsche Telekom AG, Europe’s biggest phone company, pledged to return more cash to shareholders over the next four…
World’s swelling debt calls for radical surgery
So much for deleveraging. Despite near-universal promises to reduce borrowing, global debt has escalated since the…
US Federal Reserve to End Quantitative Easing Programme
The US Federal Reserve has called time on its $4.5 trillion (£2.8tn) quantitative easing programme, introduced more…
Citigroup Pulls Consumer Banks from Egypt and Other Markets
Citigroup Inc said on Tuesday it would exit consumer banking in 11 more markets, as the most international of the…
New Refinery Promises Some Relief to Egypt Fuel Crisis
Construction of Egypt's largest oil refinery, with capacity to produce half the volume of diesel currently being…
Bank Of America Fourth-Quarter Profit Rises As Bank Shakes Off Financial Crisis
Bank of America Corp said on Wednesday its quarterly profit surged by nearly $3 billion as revenue increased and…
Unrest in Egypt: Closed Tunnels Could Ruin Hamas
The smuggling tunnels in Sinai are essential for the economy of the Gaza Strip. But since the unrest broke out in…
Egypt Forex Reserves Affected By Imports, Gold Prices
The first drop in Egypt's foreign currency reserves in two months can be attributed to an exceptional forex auction…
EU Says Euro Zone To Shrink In 2013 As Unemployment Rises
The euro-area economy will shrink in back-to-back years for the first time, driving unemployment higher as…
Citigroup’s Posts $ 2.9 billion Profits for H1, 2012
Despite The ongoing financial crisis “European sovereign debt crisis” as well as the political tensions witnessed…
Dubai Property Group Close To Debt Deal
Limitless , the property arm of Dubai state-owned conglomerate Dubai World, is nearing a deal to restructure $1.2bn…
Eurozone Jobless Rate Hikes
New data released by the European Union show that the unemployment rate in the eurozone hit a record high of 11.1…
Britain in Recession Again
Britain's economy has fallen into its second recession since the financial crisis after a shock contraction at the…
UAE’s Real Estate Transactions Increase by 5%
The Abu Dhabi Municipality announced that total real estate transactions -covering both mortgage and sales- reached…
50-60 U.S. Banks Expected To Fall This Year
The number of U.S. bank failures is expected to drop this year to about 50 to 60 institutions as the industry…
Mervyn King: Banks still deny their failure
The Governor of the Bank of England has launched a fresh attack on Britain’s banks, claiming that they are in…
Government pays LE4.250 bn, rest of the contractors’ dues
Engineer/ Abd El Nasser Aglan, PR manager of Egyptian Federation for Construction and Building…