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SHOCKING: 4 | Mind Blowing Facts

Taxes will have to rise further despite Reeves’ £40bn tax grab, IFS director warns

Rachel Reeves has hit back at criticism of her Budget after the chancellor received backing from the International Monetary

The Independent UK

Budget 2024: Commons clash on 'higher mortgage rates' from Labour's Rachel Reeves borrowing billions to invest

The Chancellor is expected in the Budget on Wednesday to ease her debt fiscal rules to borrow some £20 billion extra to fund transport and other infrastructure projects

Evening Standard

Taiwan wants to join the IMF to get financial protection from China

Taiwan is making a longshot push to join the International Monetary Fund

The Independent UK

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IMF chief warns that world risks falling into slow-growth rut and urges China to enact reforms

The world economy, buffeted by conflict and growing geopolitical rivalries, is in danger of getting stuck in a slow-growth, high-debt rut, the head of the International Monetary Fund warned Thursday

The Independent UK

Nasdaq Futures Fall on Higher Bond Yields Ahead of Tesla Earnings

December Nasdaq 100 E-Mini futures (NQZ24) are trending down -0.23% this morning as Treasury yields continued to rise on the prospect of less aggressive Federal Reserve interest rate cuts, while investors awaited a slew of corporate earnings reports, with a particular focus on results from “Magnificent Seven” member Tesla.

Barchart

FTSE 100 regains most of its losses after early falls

The UK’s top stock index recovered later in the day after improved predictions for the UK economy by the International Monetary Fund.

Evening Standard

IMF's economic view: A brighter outlook for US but still-tepid global growth

The International Monetary Fund has upgraded its economic outlook for the United States this year, while lowering its expectations for growth in Europe and China

The Independent UK

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IMF upgrades UK economic growth as elections drive global uncertainty

It came as the financial agency held its forecasts for the global economy steady for 2024, with a slight downgrade for next year.

Evening Standard

IMF Asks Sri Lanka To Protect Hard-won Gains

Sri Lanka's painful austerity measures were "bearing fruit" and must be sustained, the International Monetary Fund said Friday as the country's new president sought changes to its $2.9 billion bailout.

International Business Times

Strategies To Mitigate The Impact Of Inflation

According to the International Monetary Fund (IMF), inflation is decreasing more quickly than anticipated. Global inflation is projected to drop to 5.8% in 2024 and 4.4% in 2025.

International Business Times

Russia-Ukraine war: US imposes new sanctions on Russia and North Korea – as it happened

Concerns over deepening military cooperation between Russia and North Korea over war in Ukraine

The Guardian - UK

Ethiopia’s bold economic reforms target stability and growth, but they come with risks

Ethiopia’s recent macroeconomic reforms, supported by the International Monetary Fund (IMF) and the World Bank, could have profound implications for the country and the region. The key reforms include the use of a floating exchange rate system and of interest rates as a policy tool.

The Conversation

Ethiopia Implements Flexible Exchange Rate Policy To Stabilize Economy

Ethiopia's currency devalued by 30% due to new exchange rate policy, sparking inflation concerns and market adjustments.

Top News

IMF Upgrades China, India, Europe; Lowers US, Japan Expectations

IMF revises global economic projections, highlighting growth in China, India, and Europe, with challenges in the US and Japan. Global inflation expected to...

The Independent UK

New fears Brexit has ‘drained life out of UK economy’ following IMF report

The International Monetary Fund’s July report warns ‘the global economy is in a sticky spot’ with the UK lagging behind most other major economies

The Independent UK

IMF's economic view: Brighter outlook for China and India but tepid global growth

The International Monetary Fund is upgrading its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan

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International Business Times

Pakistan Reaches $7 Bn Aid Deal With IMF

The International Monetary Fund said it reached a new $7 billion loan deal with Pakistan in a bid to bolster its faltering economy.

The Conversation

The IMF is failing countries like Kenya: why, and what can be done about it

The recent Kenyan protests are a warning that the International Monetary Fund (IMF) is failing. The public does not think it is helping its member countries manage their economic and financial problems, which are being exacerbated by a rapidly changing global political economy.

The Independent UK

Kenyan president withdraws tax bill after violent protests leave 23 dead

Police in Kenya brace for more protests as calls for Ruto’s resignation grows

TechRadar

IMF suggests taxing CO2 emissions caused by AI

Noting its potentially negative impacts on the labor force, the IMF is prepared to explore restrictions on AI, including taxation.

The Conversation

Mauritius’ next growth phase: a new plan is needed as the tax haven era fades

Mauritians will head to the polls by November 2024 and politicians are considering the economic direction of the island country.

France 24

Situation in Sudan's El Fasher a 'disaster', former MSF chief warns

In tonight's edition: As the World Health Organization warns of the prospect of mass starvation in war-stricken Sudan, we speak to the former director of Médecins Sans Frontières about the devastation being wrought on the Darfuri city of El Fasher. Also, as Ghana moves a step closer to unlocking millions…

Al Jazeera

Russia test: Will Pakistan attend the Ukraine peace summit?

Pakistan insists it has stayed neutral on Russia’s war on Ukraine. But it now faces a difficult choice.

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