deepening Archives - Rvpg media

South Korea flags economic slump deepening for while

Economic slump to deepen through H1 2023 – fin min Sales tax breaks on fuel oil, cars extended by 4-5 months President Yoon’s govt to unveil policy blueprint on Wed SEOUL, Dec 19 (Reuters) – South Korea on Monday flagged a deeper economic slowdown than expected at least through the first half of next year, … Read more

Deepening Sino-Indonesian cooperation benefits both

This photo taken on Nov 12, 2022 shows an interior view of the media center for the 17th Group of 20 (G20) Summit in Bali, Indonesia. [Photo/Xinhua] The G20 Summit in Bali, Indonesia, last month concluded with a declaration covering many issues including how to boost global economic recovery and overcome global challenges, minimize the … Read more

Lebanese lawmakers fail for 9th time to fill vacant presidency amid deepening political, economic crisis

The Lebanese parliament has failed to elect a new president for the ninth time amid deepening political stalemate exacerbated by the US sanctions and foreign meddling. The Lebanese news channel al-Manar reported on Thursday that the country’s parties at the 128-seat parliament failed again to elect a new president after blank votes received the highest count … Read more

ILO report reveals deepening cuts in real wages

A report issued by the International Labour Organisation has blown apart the claims by capitalist governments and central bankers around the world that interest rate hikes, now threatening to drive significant areas of the world economy into recession, are necessary to “fight inflation” by suppressing wage demands. ILO Global Wage Report 2022-23 [Photo: International Labour … Read more

IFF Annual Meeting – Boosting Consumption and Deepening Reforms Are Key for China’s Economic Growth

 Discussions focus on how China will realize economic growth both quantitatively and qualitatively given the new global landscape GUANGZHOU, China, Dec. 4, 2022 /PRNewswire/ — Experts and researchers discussed China’s challenges and policy recommendations at IFF roundtable during the IFF Annual Meeting. Policies including expanding social welfare to migrant workers, deepening reform, and adjusting Covid … Read more

Swati Dhingra of the Bank of England: ‘Are we going to end up deepening the recession?’ | Bank of England

As the newest policymaker at the Bank of England responsible for setting interest rates, Swati Dhingra can see a problem. Britain’s economy is heading for a lengthy and painful recession, while Brexit is making matters worse. After a year of the central bank driving up borrowing costs – the equivalent of stamping hard on the … Read more

Niger: African Development Fund Provides $16 Million to Support Financial Sector Deepening and Inclusion | African Development Bank

The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group, has approved $16 million in loan and grant financing to Niger to implement the Financial Sector Deepening and Inclusion Project. The project will strengthen mobilization of long-term resources for financial service providers and improve financial inclusion … Read more

The ‘key appointment’ and deepening economic crisis

Comment Ansar M Bhatti Comment Ansar M Bhatti While everybody seems obsessed with the key appointment of the army chief, the country continues to slide towards economic crises that are getting deeper and deeper with the each passing day. Inflation has crossed 30 per cent mark while foreign exchange reserves have squeezed to all time … Read more

Li Keqiang Holds Talks with German Chancellor Olaf Scholz, Emphasizing Deepening China-Germany Cooperation in the Process of Opening-up to Better Expand Mutual Benefit and Win-Win Results Premier Li Keqiang and Chancellor Olaf Scholz Jointly Meet the Press

On the afternoon of November 4, 2022, Premier Li Keqiang of the State Council held talks  with German Chancellor Olaf Scholz who was paying an official visit to China. Li Keqiang expressed welcome to Scholz for visiting China. He said, both China and Germany are the world’s major economies.  Exchanges between the two sides are  increasing and practical cooperation … Read more

Tentative business welcome for Sunak amid deepening economic gloom | Economics

Anxious business leaders have cautiously welcomed Rishi Sunak as prime minister amid signs the UK economy is heading for recession after a sharp fall in confidence among company bosses during Liz Truss’s brief premiership. The latest snapshot from the economy showed optimism among business leaders collapsed in October to the lowest level since April 2020, … Read more