EU cash is being increasingly misused, auditors warn
The race to spend EU funds before they expire means there’s been a rise in countries misspending the money, the bloc’s financial watchdog said on Thursday. Investigations into €196 billion in funds...
View ArticleGlobal economy still only limping, IMF says
MARRAKECH, Morocco — The world’s economy is slowing down but fears of a painful contraction and mass unemployment have subsided, the International Monetary Fund said Tuesday. Global growth remains...
View ArticleWar in Israel imperils Europe’s fragile economic recovery
MARRAKECH, Morocco — Europe’s economy is bracing itself for the ripple effects of an escalating conflict between Israel and Hamas that could tear apart a sense that things were beginning to look more...
View ArticleIMF statement blocked over ‘totally unacceptable’ language on Russia
MARRAKECH — Disagreements over language referring to Russia’s invasion of Ukraine prevented the issuance of a joint statement from the annual meeting of the International Monetary Fund and World Bank....
View ArticleYellen says US is not ready to sign global tax treaty just yet
LUXEMBOURG — The U.S. will not be ready by this year to add its signature to a treaty that’ll pave the way for a global levy on the world’s 100 richest companies that aims to prevent corporates from...
View ArticleFranco-German disagreement stalls EU fiscal rules reform
LUXEMBOURG — France and Germany remain at odds over the EU’s plan to overhaul rules on government spending — making a bloc-wide deal by the end of the year still look some way off.Sparks flew between...
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EU countries tell Brussels to tighten its own belt
BRUSSELS — In lean times, European Union countries aren’t keen to send more money to Brussels. That’s lowered expectations for a proposed top-up of the EU’s common budget by year’s end. The European...
View ArticleEU leaders approve using profits from frozen Russian assets
BRUSSELS — EU leaders endorsed unprecedented plans to use profits generated by frozen Russian state assets for Ukraine reconstruction, and called on the European Commission to make legal proposals to...
View ArticleUkraine faces economic crisis without quick EU aid, finance minister warns
Ukraine risks an economic collapse next year unless its Western backers plug a massive hole in its budget, according to Finance Minister Serhiy Marchenko. An economic crisis would be “very, very...
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Seizing Russian cash to rebuild Ukraine won’t be so easy
The European Union’s aim to use billions of dollars in frozen Russian assets to rebuild Ukraine is running into trouble. Last month EU leaders backed unprecedented moves to use profits generated from...
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