Ukraine’s Zelenskyy warns of an ‘artificial deficit’ of weapons after withdrawal from Avdiivka

MUNICH — Ukrainian President Volodymyr Zelenskyy warned allies Saturday that an “artificial deficit” of arms for his country risks giving Russia breathing space, highlighting the need for artillery and long-range weapons after his military chief said he was withdrawing troops from the eastern city of Avdiivka. Zelenskyy spoke to the Munich Security Conference, an annual … Read more

U.S. deficit tops half a trillion dollars in first quarter of fiscal year

The U.S. Treasury building in Washington, D.C., on Aug. 15, 2023. Nathan Howard | Bloomberg | Getty Images The U.S. government ran up another half a trillion dollars in red ink in the first quarter of its fiscal year, the Treasury Department reported Thursday. For the period from October 2023 through December 2023, the budget … Read more

Goldman Sachs sees ‘clear deficit’ of iron ore for the rest of the year

A worker pouring molten iron into a mold at a mill manufacturing marine engine components in Huaian, Jiangsu province, China. Reuters The iron ore market is looking at a shortfall for the rest of the year due to low inventories and falling production, said Goldman Sachs. “Rather than facing a surplus for this year, the … Read more

Malaysia will cut subsidies and tax luxury goods as it unveils a 2024 budget narrowing the deficit

Malaysian Prime Minister Anwar Ibrahim says subsidies will be progressively cut and new taxes launched next year as part of the 2024 federal budget ByThe Associated Press October 13, 2023, 9:16 AM In this photo released by Malaysia’s Department of Information, Malaysia’s Prime Minister and Finance Minister Anwar Ibrahim delivers his 2024 budget speech at … Read more

Scholar mortgage ruling could also be windfall for US deficit discount

By David Lawder WASHINGTON (Reuters) – The U.S. Supreme Courtroom’s choice to strike down President Joe Biden’s pupil debt reduction would claw again greater than $300 billion in prices related to this system that have been acknowledged final yr, marking a significant discount on this yr’s deficit – at the very least on paper. The … Read more