The move is part of an effort to curb Moscow’s export revenue and appease European farmers angry about imports of cheaper agricultural products.
1 min read22 Mar 2024The new operational framework is a step toward restoring pre-financial crisis normality, but some analysts said it didn’t go far enough.
4 min read13 Mar 2024A European Union plan to use the profits generated from frozen Russian central bank assets will face resistance next week when the bloc’s leaders discuss the controversial proposal.
2 min read13 Mar 2024The European Union’s executive arm will recommend that Bosnia-Herzegovina start accession talks, according to people familiar with the plan, in a major boost for the Balkan nation’s bid to join the bloc.
1 min read12 Mar 2024Beginning January, farmers from several member-nations of the European Union (EU)—Belgium, Bulgaria, France, Germany, Hungary, Italy, Poland and Spain—invaded cities with their tractors, blocking access to ports and highways and choking city centres.
2 min read12 Feb 2024Security hiked at Cologne Cathedral for Christmas amid attack threat
1 min read24 Dec 20232023 in review: Morgan Stanley remains optimistic about the outlook for global market macros in 2024, foreseeing another positive period. The brokerage has identified ten potential surprises that could significantly impact global markets in 2024.
12 min read18 Dec 2023Russia which is battling severe economic sanctions and has had to bear the cost of a prolonged war has got richer according to a recent report. Russia added $600 Bn in 2022 to its total wealth while the West which wanted to bankrupt Russia has lost trillions of dollars. The U.S. was the biggest loser, it lost $5.9 trillion in 2022. The combined losses of the US and Europe stood at $10.9 trillion according to a recent UBS report.
17 Aug 2023Eurozone banking stocks fall as Italy approves 40 per cent windfall tax on banks' extra profits, to be applied in 2023.
1 min read8 Aug 2023India Is Preparing The Groundwork For Its Own Carbon Border Tax To Strike Back Against A Similar Move By The European Union (Eu), Two People Aware Of The Discussions In The Government Said. New Delhi Is Peeved By The Eu’s Move To Link The Environment With Trade, Though There Were No Such Considerations While Europe Industrialised. The Finance And Commerce Ministries Are Discussing The Contours Of Such A Mechanism, Particularly About Measuring The Carbon Content In Products Imported From Europe, Said One Of The People Cited Above, Both Of Whom Spoke On Condition Of Anonymity.
26 Jun 2023The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared