No prospective euro members meet criteria to join, ECB says
None of the countries that have yet to join the euro meet all accession criteria and many have even diverged…
Taxing super-rich debate should start with 2% levy, says economist behind plan
An annual 2% levy on fortunes exceeding $1 billion is the starting point for a global discussion on raising the…
EU-beating wage gains unnerve central Europe’s rate-setters
Double-digit wage rises far outpacing average growth rates in the European Union have raised alarm among central Europe’s monetary policymakers…
China pledges policy measures to support the job market
China said it will step up policy measures to support the job market, particularly for college graduates and migrant workers,…
Sharp Japan GDP downgrade possible, affecting monetary policy, analysts say
A rare unscheduled revision to Japan’s first-quarter gross domestic product (GDP) may lead to a sharp downgrade, possibly affecting the…
Beijing city cuts home buying costs to boost demand
China’s capital city Beijing announced steps on Wednesday to reduce the cost of buying a home, including cutting mortgage interest…
German consumer sentiment unexpectedly dips in July, finds GfK
German consumer sentiment is set to fall slightly in July, ending a four-month streak of rises, as households left uncertain…
US business equipment borrowings up 11% in May, ELFA says
U.S. companies borrowed 11% more to finance equipment investments in May compared to a year ago, industry body Equipment Leasing…
Οut of step again, uncontroversial UK govt switch sows relief
Thanks in part to former UK Prime Minister Liz Truss’ singular contribution to financial stability two years ago, Britain is…
Economic growth momentum stays the course to reach 7.5% in FY25: NCAER
The Indian economy kept up its growth momentum in the first quarter of the current fiscal, the National Council of…