Italy recorded the highest budget deficit-to-GDP ratio in the European Union last year, according to Eurostat, the …
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FeatureIndustry & TradeInternational NewsNews
China budget spending grows by 7t yuan in Q1 ’24
by Nada Aliby Nada AliChina’s Ministry of Finance reported on Monday that general public budget spending grew by 2.9 per cent …
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BanksFeatureInternational NewsNews
China’s c. bank pumps 2b yuan to maintain banking sector
by Nada Aliby Nada AliThe People’s Bank of China (PBC), injected a 2 billion-yuan ($281.5 million) liquidity into the banking system …
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FeatureInternational NewsNewsTech newsTech/AI
SoftBank to inject $960m into Japan’s AI development race
by Nada Aliby Nada AliSoftBank is investing $960 million by 2025 to enhance its computing capabilities and become a leader in …
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Egypt NewsFeatureIndustry & TradeNews
Egypt’s SCZONE signs $297m usufruct deal for Chinese EAF project
by Aya El Sayedby Aya El SayedEgypt’s General Authority of the Suez Canal Economic Zone (SCZONE) signed on Monday a usufruct contract with …
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FeatureInternational NewsNews
China’s Q1 water conservancy investment climbs by 4.4%
by Aya El Sayedby Aya El SayedChina’s investment in water conservancy facilities increased by 4.4 per cent year on year, reaching 193.3 billion …
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BanksFeatureInternational NewsMoneyNews
India navigates challenges with rate cut debate
by Nada Aliby Nada AliIndia’s quest for economic growth has hit a roadblock within its own monetary policy committee (MPC), with …
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EnergyFeatureInternational NewsNews
Biden announces $7b in grants for solar projects on Earth Day
by Aya El Sayedby Aya El SayedPresident Joe Biden marked Earth Day with a major announcement pledging $7 billion in federal grants for …
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FeatureInternational NewsNews
China’s fiscal revenue falls 2.3% in Q1 of ‘24
by Nada Aliby Nada AliChina’s Ministry of Finance reported a 2.3 per cent decline in fiscal revenue for the first quarter …
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FeatureInternational NewsNews
Ukraine to propose $20b debt rework to bondholders by May
by Aya El Sayedby Aya El SayedUkraine is preparing to present a proposal to international bondholders for restructuring its $20 billion debt by …