LONDON — Leading British economic think tanks warned Thursday that whoever wins the general election expected this year will face some very tough choices on tax and spending if they want to make sure the public finances don’t deteriorate further. After number-crunching Wednesday’s budget statement from Treasury chief Jeremy Hunt, which reduced a tax paid … Read more
PARIS — Angry French farmers Saturday threatened to converge on Paris in the coming days as traffic barricades were only partially lifted on the country’s major roads. The developments came a day after the government announced a series of measures the farmers said do not fully address their demands. The farmers’ movement, seeking better remuneration … Read more
DHAKA, Bangladesh — Thousands of garment factory workers took to the streets of Bangladesh’s capital, Dhaka, and the industrial district of Gazipur on Tuesday to demand better wages. Bangladesh is the second largest garment-producing country in the world after China with its nearly 3,500 factories where some 4 million workers are employed — most are … Read more
TOKYO — Business sentiment among big Japanese manufacturers improved in July-September for the second straight quarter, according to a central bank survey released Monday. The Bank of Japan’s “tankan” quarterly survey measured business sentiment among major manufacturers at plus 9, up from plus 5 in June. Sentiment among major non-manufacturers rose four points to plus … Read more
Nigeria’s leader has increased the wages of some government workers in last-minute efforts to appease labor unions whose planned strike this week could shut down government offices in all sectors of Africa’s largest economy ByCHINEDU ASADU Associated Press Bola Ahmed Tinubu, President of Nigeria, addresses the 78th session of the United Nations General Assembly, Tuesday, … Read more
FRANKFURT, Germany — The head of the European Central Bank said Monday that interest rates will stay high enough to restrict business activity for “as long as necessary” to beat back inflation. Still, she sympathized with homeowners who have seen their mortgage payments jump. Christine Lagarde said rates would stay high because upward pressure on … Read more
DUBAI, United Arab Emirates — DUBAI, United Arab Emirates (AP) — Saudi Arabia and Russia agreed Tuesday to increase their voluntary oil manufacturing cuts by the top of this yr, trimming 1.3 million barrels of crude out of the worldwide market and boosting vitality costs. The twin bulletins from Riyadh and Moscow pushed benchmark Brent … Read more