More credible and enforceable fiscal rules should help bolster long-term debt sustainability in the euro area while the return of market discipline is already incentivising consolidation. The European Commission (EC)’s proposal for EU fiscal framework reform, outlined on 9 November, is an important step towards…
Italy’s antitrust authority said on Tuesday it had opened investigations into seven energy companies, including Eni and Enel for suspected illegitimate conduct in price setting for electricity and natural gas. The firms involved, which also include Hera, Edison, A2A, ACEA and French group Engie, represent…
Key Insights IMF notes that global debt fell in 2021 from its peak level in 2020. In dollar terms, global debt continued to increase. According to the IMF, governments should reduce inflationary pressures now while dealing with debt vulnerabilities over the medium term. Global Debt…
European Parliament Vice President Eva Kaili, a suspect in an investigation into money laundering and corruption at the parliament, has denied receiving money from Qatar, one of her lawyers said in Greece on Tuesday. Kaili, one of 14 vice presidents of the parliament, was among…
Microsoft will buy about 4% equity stake in London Stock Exchange Group as part of a 10-year commercial deal to migrate the bourse operator’s data platform into the cloud, the British company said on Monday. Microsoft will buy LSEG shares from the Blackstone/Thomson Reuters Consortium,…
Canada is preparing to expand its medically assisted death framework to become one of the broadest in the world, a change some want to delay due to concerns vulnerable people have easier access to death than to a life without suffering. Starting in March, people…
It is another quiet day for the GBP/USD. There are no UK economic indicators to provide the Pound with direction today. The lack of stats will leave the GBP/USD in the hands of market risk sentiment early in the session. This morning, inflation figures from…
China’s factory gate prices showed an annual fall for a second month in November, amid soft domestic demand and sliding commodity prices, and consumer inflation slowed, indicating weak economic activity in November. The producer price index (PPI) was down 1.3% on a year earlier, unchanged…
Key Insights: ADA joined the broader crypto in the positive territory on Thursday, rising by 1.61% to end the day at $0.315. Risk-on sentiment and Cardano network updates delivered price support. However, the technical indicators remain bearish, signaling a possible return to sub-$0.300. On Thursday,…
The government reported on Wednesday that U.S. unit labor costs surged more than initially thought in the third quarter, suggesting inflation could remain high for a while. Today’s data confirms a tight labor market. This is the second time in a week this conclusion has…
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