Page 33 - Eco News Today

The European Union could still lend Tunisia's battered economy 900 million euros ($1.0 billion), an EU official said on Monday, but further talks will be in the third quarter and depend on a deal with the International Monetary Fund (IMF).

There is no doubt that higher interest rates are hard on a many people – especially if you are taking out a loan on a home or a car, or are struggling to catch up with credit-card debt.

Most stock markets in the Gulf ended higher on Monday, extending gains as investors ramped up their bets for an imminent end to U.S. interest rate hikes.

A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.

The International Monetary Fund's executive board on Monday signed off on nearly $1 billion in new funding for Kenya that could ease pressure on government finances in East Africa's largest economy, the global lender said in a statement.

French President Emmanuel Macron has decided to keep Elisabeth Borne in her role as prime minister, an official at the president's office said on Monday, rejecting pressure to give a new direction to his government after a tumultuous few months.

U.S. Treasury Secretary Janet Yellen said on Sunday she was "eager" to work with China on areas of mutual interest, including debt restructurings for poorer countries, and that multilateral development banks needed reforms before capital increases could be considered.

India will push its Group of 20 partners at a meeting it is hosting to support its proposal to raise the share of taxes multinational companies pay to countries where they earn "excess profits", government officials said.

Turkey raised tax on petrol on Sunday to help to fund a 1.12 trillion lira ($42.2 billion) increase to its 2023 budget after February's earthquakes and the May presidential election sent spending soaring.

White House National Security Adviser Jake Sullivan said on Sunday the Biden administration remains concerned that North Korea will move forward with another intercontinental ballistic missile test.