Tag: IMF

The cuts in corporate taxes will likely drive so much investment back into the U.S. that other countries will find themselves will less to tax.

Contents: Haiti people riot after announcement of fuel price rises during World Cup match; International Monetary Fund blamed for austerity triggering riots

Contents: Argentina faces major financial crisis as IMF loans it $50 billion; Protests grow against new IMF deal in Argentina

AMMAN, Jordan — Doctors, lawyers and teachers staged a strike across Jordan on Wednesday in protest over IMF-backed austerity measures including a proposed income tax law that have sparked a week of angry demonstrations.

Jordan’s King Abdullah II on Monday replaced the kingdom’s embattled prime minister to appease the biggest anti-government demonstrations in the country since 2011.

Amman – Jordan’s senate met Sunday for a special session after another night protests across the country against IMF-backed austerity measures including a draft income tax law and price hikes.

The World Bank has transformed itself from an international financial institution into a prophet of climate fallout, predicting in a new report that more than 143 million people will be forced to migrate by 2050 thanks to climate change.

U.S. President Donald Trump’s sweeping tax cuts combined with reforms in corporate regulation are benefiting the global economy, Australian Prime Minister Malcolm Turnbull said.

United States tax cuts will result in faster economic growth not only in the U.S., but around the world. Canada and Mexico are seen as major beneficiaries of a stronger U.S. economy.

Contents: Tunisia anti-austerity activists call for huge protests on Friday; Tunisia protests evoke memories of the 2011 ‘Arab Spring’

Contents: Xi Jinping says that China will now have a ‘say’ on all international issues; Xi Jinping promises to eliminate poverty by 2020; North Korea says that its nuclear arsenal protects it from attacks; Generational Dynamics World View finishes another year with a perfect record

Contents: Socialist Venezuela may or may not have declared bankruptcy on Thursday; Socialist Venezuela may have reached the end of its economic road

Contents: Russia considers taking on a huge financial burden – Venezuela; Maduro has ‘plans A, B and C’ if US imposes further sanctions

The Organisation for Economic Co-operation and Development (OECD) has u-turned on its dire Brexit predictions, admitting that “quality of life” in Britain will, in fact, “probably remain to a very great extent as it is today”. Prior to Britain’s referendum

Contents: Greece’s parliament raises taxes, cuts pensions to satisfy lenders; Germany’s government blocks debt relief for Greece, despite new austerity measures

Even as Russia continues to threaten Ukraine in the eastern region of the country, its minister of finance, Oleksandr Danyliuk, said the best way to ensure national security is through building a strong economy, including attracting private sector investors from the West.

ATHENS (AFP) – Greek authorities on Friday were trying to determine how a near-defunct militant group was able to sneak at least two parcel bombs through airport security, one of which exploded at the IMF offices in Paris. The investigation so far

PARIS (AP) — Paris police say a letter bomb exploded at the French office of the International Monetary Fund, lightly injuring one person.

Cairo (AFP) – British Foreign Secretary Boris Johnson and Egyptian President Abdel Fattah al-Sisi on Saturday finalised a $150 million loan guarantee agreement tied to crucial IMF financing for Egypt. In Johnson’s first visit as foreign secretary to Egypt, he

BRUSSELS (AFP) – Top EU economic affairs official Pierre Moscovici heads to Athens for talks with Greek Prime Minister Alexis Tsipras on Wednesday in an effort to unblock bailout negotiations.

Contents: Grexit risk: Greece may refuse a new round of austerity; Greece will evacuate 75,000 people in Thessaloniki to defuse WW II bomb

British industry “boomed back to life” as 2016 drew to a close, defying the establishment forecasters who predicted an “immediate and profound shock” to the economy in the event of a vote to leave the European Union (EU).

PARIS (AP) – A special French court has declared International Monetary Fund chief Christine Lagarde guilty of criminal negligence in a long-running arbitration case. But the court decided not to punish her or give her a criminal record. The Court

International Monetary Fund head Christine Lagarde will on Monday learn the verdict in her trial for approving a massive state payout to a tycoon when she was French finance minister.

Contents: Greece financial crisis threatened after Tsipras announces new spending program; IMF says that Greece’s budget must be ‘more growth-friendly’

Greece does not need more austerity at this time, and in fact spending cuts have gone too far already, two senior International Monetary Fund officials said Monday.

IMF boss Christine Lagarde was in a Paris court on Monday for the start of her trial for negligence over a state payout to a tycoon made while she was French finance minister.

BRUSSELS (AFP) – Eurozone finance ministers meet Monday as far apart as ever on the debt relief measures demanded by the International Monetary Fund for it to back their bailout programme for Greece.

Although Donald Trump’s election was shocking to the Mexican government, President Enrique Pena Nieto was one of first world leaders to congratulate President-elect Trump and seems ready to negotiate a new economic deal to prevent a trade war.

Contents: Egypt, in economic crisis, sharply devalues currency in order to get an IMF loan; Egypt’s government says that ‘the luxury of delay is not available’

The dismal forecast in the latest International Monetary Fund (IMF) World Economic Outlook reads like Republican presidential nominee Donald Trump’s talking points — namely, in its analysis that “sub-par growth at recent levels risks perpetuating itself—through the negative economic and political forces it is unleashing.”

The world’s ‘leading’ economic think-tank, repeatedly cited by the Chancellor to push ‘project fear’, has humiliatingly U-turned on its ‘doomsday’ Brexit warnings, predicting strong growth for the UK.

THESSALONIKI, Greece (Reuters) – A rift between the International Monetary Fund and the European Union on how to address Greece’s debt crisis is damaging for the country, Prime Minister Alexis Tsipras said on Sunday.

Italy’s Prime Minister Matteo Renzi of the Democratic Party (PD), still reeling from a series of recent mayoral losses to the populist Five Star Movement, is now facing the biggest challenge in his political career: a major bank crisis from accumulated bad debt.

Britain will grow at a faster rate than Germany and France, the International Monetary Fund (IMF) has said – just weeks after it claimed a vote for Brexit would be an economic disaster. Despite previously claiming that leaving the European