India’s tax panel may fail to reach consensus on how to tax online gaming – source

NEW DELHI, Dec 5 (Reuters) – A panel of Indian finance ministers has yet to submit its report on taxation of the burgeoning online gambling sector, which is crucial to a final decision on how the charges should be imposed, a senior government official said on Monday . The panel spent weeks considering how to … Read more

The deep inversion of the yield curve in Canada adds to the dilemma of the BoC’s rate hike

TORONTO, Dec. 4 (Reuters) – As the Bank of Canada considers scrapping excessive rate hikes, it faces an economy likely to be more overheated than previously thought, but also the clearest signal yet from the bond market that a recession and lower inflation are on the horizon. Canada’s central bank says the economy must slow … Read more

ECB warns of losses as it pays the price for ten years of money printing

FRANKFURT, Nov 29 (Reuters) – The European Central Bank on Tuesday warned it could lose money as high inflation forces it to raise interest rates and pay the bill for a decade of aggressive money printing. After raising interest rates to fight runaway prices, the ECB has to pay huge interest payments to commercial banks … Read more

Europe hardest hit by global slowdown -OECD

Global growth to fall from 3.1% in 2022 to 2.2% in 2023 National outlooks vary widely, with the UK lagging behind other economies Central banks urged interest rates to keep raising rates PARIS, Nov. 22 (Reuters) – The global economy should avoid recession next year, but the worst energy crisis since the 1970s will trigger … Read more

Spain approves mortgage support for more than 1 million households

Measures support vulnerable families with an income limit of 25,200 euros Threshold for medium-sized businesses set at 29,400 euros Measures include extending loan repayments to 7 years Promotions also provide grace periods and refund freezes Plan will be finalized on Tuesday after talks with banks MADRID, Nov 21 (Reuters) – The Spanish government will on … Read more

Third Japanese cabinet minister in a month resigns in blow for prime minister

TOKYO, Nov 21 (Reuters) – Japan’s interior minister resigned on Sunday over a funding scandal. He is the third cabinet member to leave in less than a month, a major blow to Prime Minister Fumio Kishida’s already shaky support. Kishida’s approval ratings have plummeted after the assassination of former Prime Minister Shinzo Abe in July … Read more

New budget from the Italian government to increase spending to fight the energy crisis

First comprehensive budget of Meloni’s new government Most of the money is earmarked to help tackle high energy bills Energy tax windfall, benefit restrictions expected ROME, Nov 20 (Reuters) – Italy’s new right-wing government plans to announce some €30 billion in new spending on Monday in a budget for next year, aimed primarily at mitigating … Read more

France, Germany, Spain agree to continue development of FCAS combat aircraft – Berlin

BERLIN/PARIS, Nov 18 (Reuters) – France, Germany and Spain have agreed to start the next phase of development of a new fighter jet called FCAS, Europe’s largest defense project with an estimated cost of more than 100 billion euros ($103.4 billion). ), the German government said on Friday. The defense ministry said in a statement … Read more

NY Fed: Bank liquidity may be tighter than thought, with policy implications

Nov 18 (Reuters) – The way the banking system manages its cash suggests the financial system may not be as good as many now understand, and that could have implications for how the Federal Reserve manages the size of its balance sheet, a paper says of the The Federal Reserve Bank of New York said … Read more

Morning Offer: Bear Hunt | Reuters

A look at the day ahead at the US and global markets from Mike Dolan. While the Federal Reserve is still talking tough about US interest rates, global markets turned their attention back to Britain, where it unveiled revised plans on Thursday to rein in government finances and inflation with severe tax and spending cuts. … Read more