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EXCLUSIVE World Bank works to redirect frozen funds to Afghanistan for humanitarian aid only -sources

Reuters
A mother shops with her children at the market in Kabul, Afghanistan October 29, 2021. REUTERS/Zohra Bensemra/File Photo Register now for FREE unlimited access to reuters.com Register WASHINGTON, Nov 29 (Reuters) – The World Bank is finalizing a proposal to deliver up to $500 million from a frozen Afghanistan aid......

Austria reports first suspected case of Omicron COVID-19 variant

Reuters
Signs are seen at the entrance of a lift station, as the coronavirus disease (COVID-19) outbreak continues, in the Tyrolean ski resort of Ischgl, Austria, October 19, 2020. REUTERS/Leonhard Foeger/File Photo Register now for FREE unlimited access to reuters.com Register ZURICH, Nov 28 (Reuters) – Austria has detected its first......

Bahrain outlook improves on fiscal reforms, S&P says

Reuters
DUBAI, Nov 28 (Reuters) – S&P Global Ratings has revised Bahrain’s outlook to ‘stable’ from ‘negative’ on the back of new fiscal reforms aimed at improving non-oil revenues and cutting state spending, the ratings agency said in a statement. Rated below investment grade, Bahrain was bailed out to avoid a......

Factors to watch – November 28

Reuters
DUBAI, Nov 28 (Reuters) – Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS-Equities, oil prices, U.S. Treasury yields all drop on COVID variant fears Register now for......

Switzerland adds Britain, Netherlands, three others to quarantine list

Reuters
ZURICH, Nov 27 (Reuters) – Switzerland on Saturday widened quarantine requirements to stem the spread of the new Omicron coronavirus variant to travellers arriving from Britain, the Czech Republic, the Netherlands, Egypt and Malawi, where cases have been detected, its health ministry said. On Friday, Switzerland banned direct flights from......

Poland to cut taxes to soften inflation blow, says PM

Reuters
WARSAW, Nov 25 (Reuters) – Poland will cut taxes on petrol, gas and electricity and provide cash payments to households in a programme worth up to 10 billion zlotys ($2.40 billion) designed to help Poles deal with high inflation, the prime minister said on Thursday. Inflation in emerging Europe’s largest......

European Parliament gives green light to huge farm subsidies deal

Reuters
STRASBOURG, France, Nov 23 (Reuters) – The European Parliament approved the biggest reform of farm subsidies in decades on Tuesday, in a vote that switches cash to smaller farms and rewards sustainable farming methods. The Common Agricultural Policy (CAP) has long been criticised for handing the bulk of the subsidies......

European Parliament gives green light to huge farm subsidies deal

Reuters
STRASBOURG, France, Nov 23 (Reuters) – The European Parliament approved the biggest reform of farm subsidies in decades on Tuesday, in a vote that switches cash to smaller farms and rewards sustainable farming methods. The Common Agricultural Policy (CAP) has long been criticised for handing the bulk of the subsidies......

European Parliament gives green light to huge farm subsidies deal

Reuters
STRASBOURG, France, Nov 23 (Reuters) – The European Parliament approved the biggest reform of farm subsidies in decades on Tuesday, in a vote that switches cash to smaller farms and rewards sustainable farming methods. The Common Agricultural Policy (CAP) has long been criticised for handing the bulk of the subsidies......

Euro zone bond yields rise, eyes on U.S. Treasuries

Reuters
Euro zone periphery govt bond yields Nov 22 (Reuters) – Euro zone government bond yields rose on Monday as a jump in U.S. yields outweighed the impact of fading risk appetite in Europe on new pandemic lockdowns. U.S. Treasury 10-year yield rose 5 basis points to 1.58% in London trade,......

Euro zone bond yields rise, eyes on U.S. Treasuries

Reuters
Euro zone periphery govt bond yields Nov 22 (Reuters) – Euro zone government bond yields rose on Monday as a jump in U.S. yields outweighed the impact of fading risk appetite in Europe on new pandemic lockdowns. U.S. Treasury 10-year yield rose 5 basis points to 1.58% in London trade,......

El Salvador plans first ‘Bitcoin City’, backed by bitcoin bonds

Reuters
MIZATA, El Salvador, Nov 20 (Reuters) – El Salvador plans to build the world’s first “Bitcoin City”, funded initially by bitcoin-backed bonds, President Nayib Bukele said on Saturday, doubling down on his bet to harness the crypto currency to fuel investment in the Central American country. Speaking at an event......

Taliban to start paying overdue salaries of Afghan government workers

Reuters
KABUL, Nov 20 (Reuters) – Afghanistan’s Taliban administration will begin paying the overdue salaries of government workers from Saturday, officials said. Thousands of Afghan government workers are owed at least three months of salary, one of the many crises faced by the Taliban since the Islamist movement took over the......

Thai economy seen growing 3.5%-4.5% next year, recovery fragile – FinMin

Reuters
Economy to grow 1.0%-1.2% this year – Finance minister Says monetary policy must support fiscal policy Says fiscal policy remains strong Commerce Minister sees inflation at 0.7%-1.2% next year BANGKOK, Nov 20 (Reuters) – Thailand’s economy is expected to grow between 3.5% to 4.5% next year thanks to increased exports......

U.S. House could vote on ‘Build Back Better’ Thursday -Pelosi

Reuters
U.S. House Speaker Nancy Pelosi (D-CA) holds her weekly news conference at the U.S. Capitol in Washington, U.S., October 12, 2021. REUTERS/James Lawler Duggan Register now for FREE unlimited access to reuters.com Register WASHINGTON, Nov 18 (Reuters) – The U.S. House of Representatives could vote on President Joe Biden’s $1.75......

Credit Suisse chairman warns ‘temporary inflation’ talk too upbeat

Reuters
The logo of Swiss bank Credit Suisse is seen at a branch office in Zurich, Switzerland, November 3, 2021. REUTERS/Arnd WIegmann Register now for FREE unlimited access to reuters.com Register LISBON, Nov 18 (Reuters) – The talking down of speeding inflation as a temporary phenomenon by many central banks poses......

Analysis: Pandemic debt adds to challenge of funding world’s climate goals

Reuters
A picture illustration of U.S. dollar, Swiss Franc, British pound and Euro bank notes, taken in Warsaw January 26, 2011. REUTERS/Kacper Pempel/File Photo World debt hovers just under $300 trillion Possible constraint as climate challenges grow Low-income countries face debt distress risks WASHINGTON, Nov 18 (Reuters) – Huge spending by......

EXCLUSIVE Rating agencies say Biden’s spending plans will not add to inflationary pressure

Reuters
U.S. President Joe Biden delivers remarks on the state of his American Rescue Plan from the State Dining Room at the White House in Washington, D.C., U.S., May 5, 2021. REUTERS/Jonathan Ernst Nov 16 (Reuters) – U.S. President Joe Biden’s infrastructure and social spending legislation will not add to inflationary......

Will Erdogan get more cuts? Four questions for Turkey’s central bank

Reuters
A logo of Turkey’s Central Bank is pictured at the entrance of its headquarters in Ankara, Turkey October 15, 2021. REUTERS/Cagla Gurdogan/File Photo LONDON/ISTANBUL, Nov 17 (Reuters) – Turkey’s central bank is expected to deliver more interest rate cuts on Thursday – a move that President Tayyip Erdogan will likely......

Biden says he will make final decision about Federal Reserve chair in about 4 days

Reuters
U.S. President Joe Biden delivers remarks on infrastructure construction projects from the NH 175 bridge across the Pemigewasset River in Woodstock, New Hampshire, U.S., November 16, 2021. REUTERS/Jonathan Ernst WOODSTOCK, N.H., Nov 16 (Reuters) – U.S. President Joe Biden said on Tuesday he will make a final decision in about......

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