Former governor of Lebanon’s Central Bank, Riad Salameh, was arrested and awaits trial on embezzlement charges, the Wall Street Journal reported on Sunday. Salameh is considered a central figure who ushered in economic instability in Lebanon, which eventually led to a power vacuum that allowed the Iranian-backed terrorist group Hezbollah to make gains in … Read more
“We have three main policy recommendations,” Koeva-Brooks said, highlighting that the first is “for central banks to pivot towards providing more support to activity where inflation is under control.” By contrast, she added that governments should tighten fiscal policy to draw a line under the emergency measures of the pandemic years, as well as enacting … Read more
But in her next breath she warned that now isn’t the time for victory laps. Ever-rising debt levels and the splintering of global trade under the pressure of geopolitical rivalries have cast a long shadow over the meetings, which begin in earnest Tuesday. The uncertainty is only fueled by the wars raging in both Eastern … Read more
Neil Amin-Smith Neil Amin-Smith | Frazer Harrison/Getty Images for GLAAD He’s a former popstar who’s now the main adviser on financial services policy for Chancellor Rachel Reeves. Neil Amin-Smith, the ex-violinist of chart-topping band Clean Bandit, is the key political person in the Treasury for City policy and for the party’s investment ambitions. He also … Read more
The Central Bank of Libya is the sole legal repository of billions of dollars a month in revenue from the sale of oil produced in the east of the country. That has made it the subject of frequent hot disputes between the warring factions that have vied for supremacy since the civil war that destroyed … Read more
“They normally say, well, this is not an issue for us … then three to six months later, we all find out that we cannot escape,” ING’s Brzeski said. A U.S. recession would make the European Central Bank’s already “too optimistic” forecast for growth “obsolete,” he said. But, he said, if ECB chief Christine Lagarde … Read more
“Today’s cut will be welcome news for millions of homeowners and shows that Labour inherited a stronger economy which was on the right track,” crowed Shadow Chancellor Jeremy Hunt, attacking Reeves for agreeing to new public sector pay rises. “In government, we took difficult decisions that cut inflation from 11.1 per cent to the Bank’s … Read more
Meloni’s careful stewardship of the Italian economy has been rewarded by Europe’s famously fickle financial markets. But chaos across the Alps could draw unwanted attention to Italy’s huge debt pile. Jun 27 6 mins read Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each … Read more
Thursday’s decision will mark the first time in over two decades that it will have lowered borrowing costs in response to a classical easing of inflation pressures, rather than a financial catastrophe hitting the currency union. As such, Lagarde, who has often been criticized for lacking central banking expertise, has won a major battle. But … Read more
The 1,200-page magistrate’s report, published by Malta Today, alleges that Scicluna was kept in the dark about the specifics of the deal before approving it in the budget. A previous inquiry featured only passing mention of the two men. Of those facing charges, Scicluna is the only one still holding public office. Fearne resigned as … Read more
