Vietnamese Lawmakers Urge Central Bank to Cut Policy Rates to Support Economic Growth

Introduction: Vietnamese lawmakers have called on the State Bank of Vietnam (SBV) to cut policy rates further to support the country’s economy and help it meet its GDP growth target of 6.5% this year. The economy has slowed down from 5.92% in late 2022 to 3.32% in Q1 2023, leading.

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Erdogan’s Economic Policies Lose Supporter’s Vote as Turks Struggle with Cost-of-Living Crisis

Title: Meta Description: As Turkey prepares for the upcoming presidential elections, the cost-of-living crisis caused by President Erdogan’s economic policies has eroded his popularity among his voter base, mainly consisting of lower-income conservative Muslim Turks. The article discusses the impact of Erdogan’s economic programme on the Turkish economy and people..

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Can Biden Invoke the 14th Amendment to Avoid a Debt Ceiling Crisis?

Introduction: The United States Congress is currently facing a critical deadline to raise the federal government’s debt ceiling, which stands at $31.4 trillion. The Treasury Department has warned that if Congress fails to act, the country could be unable to pay its bills as soon as June 1. This would.

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Labor Government Announces $14.6 Billion Cost of Living Relief Plan

Introduction On Monday, the center-left Labor government in Australia announced a cost of living relief plan worth $14.6 billion over the next four years. The plan aims to ease the pressure on families and businesses, without causing inflation to rise. In this article, we’ll take a closer look at the.

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BOJ Board Members Alert to Potential Inflation Risk

Several Bank of Japan (BOJ) board members have expressed concern about the potential risk of inflation accelerating more than expected, according to the minutes of the March policy meeting. The nine-member board also noted that there were some “positive signs” that suggest the economy was making progress towards achieving the.

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Italy’s Treasury Considers Share Sales for Reducing Stake in Monte dei Paschi di Siena

Italy’s Treasury is reportedly considering reducing its 64% stake in Monte dei Paschi di Siena (MPS) through share sales on the market, according to sources briefed on the matter. The move would only be considered if it is financially advantageous and if any new investor would manage the holding in.

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GAZ files third lawsuit against Volkswagen over Russian market exit

Russian automaker GAZ has filed a new lawsuit against Volkswagen (VW) over the German carmaker’s decision to exit the Russian market. This is the third lawsuit filed by GAZ against VW, with the latest case filed with the Nizhny Novgorod Regional Arbitration Court on Friday. The details of the lawsuit.

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Biden Considers 14th Amendment Option to Avoid U.S. Debt Default

President Joe Biden said on Friday that he has not yet made a decision about invoking the 14th Amendment to the U.S. Constitution to avoid a possible debt default, but for the first time suggested that he has not ruled out the option. The divided U.S. Congress has until June.

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Brazilian Finance Minister Favors Long-term View on Inflation, Hints at Interest Rate Cuts

Introduction: Brazilian Finance Minister Fernando Haddad recently expressed his support for a long-term approach to inflation and suggested the possibility of interest rate cuts. He emphasized that while the government cannot preempt any decision on changing inflation targets, he believes that taking a broader view of inflation is crucial. In.

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DBS Bank faces additional capital requirements after digital banking disruptions

  DBS Bank, the banking arm of DBS Group, is facing additional capital requirements from the Monetary Authority of Singapore (MAS) following recent disruptions to its digital banking and ATM services. The disruptions began on March 29 when the bank’s digital banking services became unavailable for an extended period of.

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DOGE Whales Accumulate Nearly 200 Million Tokens, Santiment Data Shows

Dogecoin (DOGE) has been making headlines recently as the cryptocurrency has seen a surge in popularity among investors. Since its inception in 2013, Dogecoin has been considered a joke currency, but that has not stopped it from becoming one of the top-performing cryptocurrencies in 2021. According to crypto intelligence tracker.

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Philippine Inflation Eases in April, Building Case for Pausing Interest Rate Hikes

Philippine Inflation Rate Eases Further in April The Philippine inflation rate eased to 6.6% in April, marking the slowest pace of increase since August. According to officials, this is due to lower food prices, and it builds a strong case for pausing interest rate hikes. The consumer price index, which.

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