World News by Wild Rose

Plus, the nation’s bonds and stocks are showing resilience in the run up to the budget

The cost of hedging against swings in the pound versus the euro rose to the highest in five months as traders position for next week’s UK Budget.

Britain borrowed more than forecast in the first six months of the fiscal year, highlighting the constraints facing Chancellor of the Exchequer John Healey ahead of his inaugural budget next week.

Expressing concern over delays in expenditure by some departments, the Deputy Chief Minister directed officials to identify gaps in utilisation and take immediate corrective measures

Brazil's planning ministry said on 19 October it will shift about US$4.0 billion in 2027 spending to fund new measures, keeping the cap intact. The post Brazil Shifts US$4 Billion in Next Budget appeared first on The Rio Times.

Tinubu received the UN's proposed 2027 budget at the State House in Abuja, handed over by Jimoh Ibrahim, who chairs the committee that negotiates it. The post Nigeria UN Budget Reaches Tinubu 18 October appeared first on The Rio Times.

Some big investors are betting that UK Chancellor John Healey will stick to fiscal discipline in his first budget, setting off a gilts rally.

In the first runoff debate, Lula defended his economic record and Flávio Bolsonaro pledged about US$39.5 billion in budget room. The post Lula and Flávio Clash in First Runoff Debate appeared first on The Rio Times.

European Union leaders gathered in Brussels on Thursday for a two-day summit to discuss the bloc’s next long-term budget, continued support for Ukraine and measures to strengthen Europe’s economic competitiveness amid rising energy prices and geopolitical uncertainty. They voiced strong opposition to a new proposal for the bloc’s long-term budget, raising serious doubt about whether the key spending package will be agreed by the end of year. FRANCE 24's Dave Keating reports from Brussels.

Senegal's draft 2027 budget sets a deficit of US$2.3 billion, or 4.7% of output, down from 7.6% in 2026, while debt interest eats almost all of it. The post Senegal Budget Deficit Set at 4.7% Next Year appeared first on The Rio Times.

European lawmakers have kicked off what's likely to be a long and fierce negotiation over the bloc's seven-year budget. Member states are divided on spending priorities, and pending elections in countries including France and Italy are adding pressure to the talks in Brussels. Also in the show - AI stocks lose a trillion dollars in this week's tech stock sell-off, and Ledger's CTO Charles Guillemet explains why AI is changing the security landscape. 

EU leaders locked horns on Thursday over the bloc’s next long-term budget as they kicked off talks in Brussels under pressure to seal a deal before several high-stakes elections next year, most crucially in France. The 27-nation European Union wants an agreement by Christmas, worried that any future deal-making will be derailed by potential Eurosceptic wins across the bloc, including in France where the far-right’s Marine Le Pen is favoured in opinion polls. “We are facing very, very difficult...

EU leaders on Thursday head for their biggest clash yet over the bloc's next long-term budget, as they race to lock in a deal before next year's French presidential election. The 27-nation European Union wants an agreement by Christmas, worried that any future dealmaking will be derailed by potential eurosceptic wins in polls taking place across the bloc -- most crucially in key power France. FRANCE 24's Dave Keating reports from Brussels, Belgium.

Chancellor of the Exchequer John Healey discusses the International Monetary Fund's comments that the UK is the “country that basically stands out” for plotting a path to bring down borrowing. Speaking to Bloomberg's Lisa Abramowicz in Bangkok, Healey also discusses the importance of banks to the British economy, declining to comment on potential tax measures in the government's Oct. 28 budget. (Source: Bloomberg)

EU leaders head to a summit on Thursday seeking a deal on the bloc’s nearly €2 trillion budget for 2028-2034 by Christmas amid deep divisions over spending and fears that upcoming elections, particularly in France, could strengthen eurosceptic forces.

EU leaders head to a summit on Thursday seeking a deal on the bloc’s nearly €2 trillion budget for 2028-2034 by Christmas, amid deep divisions over spending and fears that upcoming elections, particularly in France, could strengthen eurosceptic forces.

Barclays Chief UK Economist Jack Meaning says the government is hoping for a "beige" Budget — avoiding the kind of fiscal event that has unsettled bond markets in recent years. He spoke to Bloomberg's Caroline Hepker and James Woolcock after Barclays teamed up with the Institute for Fiscal Studies for its annual Green Budget analysis. The IFS warns UK Chancellor John Healey must find £35 billion to meet the Labour government's spending ambitions ahead of the Budget later this month. (Source: Bloomberg)

Budgetary support for education has declined to a single-digit percentage of the State outlay and has remained so over the past decade

Nasukarasuyama, Tochigi Pref., Oct. 14 (Jiji Press)--The assembly of a city in Tochigi Prefecture, eastern Japan, passed a resolution Wednesday protesting against remarks by agriculture minister Kazuo Yana that road budgets had been cut for two municipalities whose mayors did not support him in February's general election. The resolution, adopted at the city assembly of Nasukarasuyama, one ...

Mali's 2027 draft budget cuts its rural support programme from about US$110 million to US$64 million, as transfers and subsidies to farming fall by over half. The post Mali Draft Budget Cuts Rural Support Programme 41% appeared first on The Rio Times.

With his reformist credentials battered by coalition compromises and a looming general election, Malaysian Prime Minister Anwar Ibrahim has used his 2027 budget to launch a fresh wave of anti-corruption measures. But as his government nears its four-year mark, analysts warn that restoring public confidence will require more than additional funding and tighter legislative oversight. The measures, announced when Anwar presented Malaysia’s 2027 budget on Friday, include 1.1 billion ringgit (US$269...

Consumer stocks are among the biggest beneficiaries of Malaysia’s spending plan for 2027, boosted by higher allocations to improve households’ purchasing power, according to analysts.

Chancellor of the Exchequer John Healey wants to help British voters with the cost of living while staying within the limits of his country’s stretched public finances. To square this circle, he’s planning a series of strictly short-term giveaways — and hoping the war in Iran comes to an end.

France’s budget proposal is a meaningful attempt to tame the deficit that risks adverse consequences if it doesn’t pass, according to a senior Fitch Ratings analyst.

Indonesia is tightening government spending toward year-end, ordering ministries and agencies to cut unspent travel allocations by 30% as higher oil prices and costly flagship programs put pressure on the budget.

Apollo Global Management is scoping out a bigger role in financing debt-laden governments and state-backed companies as they increasingly turn to private capital to plug budget gaps.

Ireland’s government has an enviable budget surplus, and voters want those funds used to help them with soaring energy costs and a cost-of-living squeeze.

Tokyo, Oct. 5 (Jiji Press)--Japanese agriculture minister Kazuo Yana on Monday retracted and apologized for his recent controversial remarks on road development budgets for municipalities in his constituency in Tochigi Prefecture, north of Tokyo. Speaking to reporters in the Diet, Yana revealed that Prime Minister Sanae Takaichi instructed him earlier in the day to fulfill his duties, and r...

₹1.6 lakh crore revenue achieved on average between 2022-25 against estimates of ₹2 lakh crore