Tag #Economic Policy

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bbc.com

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Jun 27, 01:15

UK Government Averts Defeat on Welfare Bill After Major Climbdown

The UK government will avoid cuts to existing disability benefits after a deal with Labour rebels, impacting only future claimants, costing \$1 billion and marking the third major government U-turn this month.

UK Government Averts Defeat on Welfare Bill After Major Climbdown

The UK government will avoid cuts to existing disability benefits after a deal with Labour rebels, impacting only future claimants, costing \$1 billion and marking the third major government U-turn this month.

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What immediate impact will the government's welfare climbdown have on benefit recipients and government spending?

The UK government will prevent cuts to existing Personal Independence Payment (PIP) and Universal Credit recipients, impacting only future claimants. This follows a deal with Labour rebels, averting a potential defeat on welfare reform legislation. A previously scheduled \$1 billion support plan will be expedited.

elpais.com

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Jun 26, 07:16

Spain Faces Highest EU Pension Spending Burden, Demanding Urgent Fiscal Reforms

Spain's aging population will drastically increase pension spending, consuming 41% of tax and contribution revenue between 2022 and 2050—the highest in the EU—necessitating significant fiscal reforms to maintain the system's solvency and avoid jeopardizing other public services and economic competit...

Spain Faces Highest EU Pension Spending Burden, Demanding Urgent Fiscal Reforms

Spain's aging population will drastically increase pension spending, consuming 41% of tax and contribution revenue between 2022 and 2050—the highest in the EU—necessitating significant fiscal reforms to maintain the system's solvency and avoid jeopardizing other public services and economic competit...

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How do Spain's tax revenue projections compare to other EU countries, and what factors contribute to this difference?

The high projected pension expenditure in Spain is primarily driven by the large baby boomer generation entering retirement later than in other countries due to economic and demographic factors. This, coupled with a lower-than-average tax revenue as a percentage of GDP compared to other EU countries, creates a major fiscal challenge for Spain. The shortfall necessitates increased tax revenue to ensure pension sustainability.

elpais.com

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Jun 21, 16:14

Sordo Re-elected as CC OO Secretary General, Addresses Corruption and Economic Issues

Unai Sordo was re-elected secretary general of Spain's CC OO union on Saturday with 96% of the vote, addressing corruption, advocating for reduced working hours, affordable housing, and condemning the situation in Gaza.

Sordo Re-elected as CC OO Secretary General, Addresses Corruption and Economic Issues

Unai Sordo was re-elected secretary general of Spain's CC OO union on Saturday with 96% of the vote, addressing corruption, advocating for reduced working hours, affordable housing, and condemning the situation in Gaza.

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What are the immediate implications of Unai Sordo's re-election as CC OO secretary general?

Unai Sordo was re-elected as secretary general of Spain's CC OO union with 96% of the vote, securing his position until 2029. He immediately addressed alleged PSOE corruption, demanding transparency, and criticized economic powers attempting to undermine democracy. He also announced plans for joint mobilization with UGT to push for reduced working hours.

elpais.com

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Jun 18, 07:17

Trump's Golden Visa Attracts 70,000 Applicants

President Trump's new golden visa, requiring a $5 million investment, has attracted almost 70,000 applicants seeking US residency and citizenship; the program aims to generate $1 trillion in revenue and is being processed by the Departments of Homeland Security, State, and Commerce.

Trump's Golden Visa Attracts 70,000 Applicants

President Trump's new golden visa, requiring a $5 million investment, has attracted almost 70,000 applicants seeking US residency and citizenship; the program aims to generate $1 trillion in revenue and is being processed by the Departments of Homeland Security, State, and Commerce.

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What is the immediate impact of President Trump's new golden visa program on immigration and the US economy?

Almost 70,000 people have signed up for President Trump's new golden visa, which requires a $5 million investment for residency and a path to citizenship. The program, spearheaded by Commerce Secretary Howard Lutnick, aims to attract wealthy immigrants and reduce the national debt. Applications are being processed, with the goal of issuing tens of thousands of visas soon.

elpais.com

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Jun 16, 10:15

EU Eases Rules to Accelerate Spain's Pandemic Recovery Fund Spending

The European Commission eased rules for spending NextGenerationEU funds, enabling Spain to redirect €80 billion in grants and €83 billion in loans to defense, space, or satellite connectivity and substitute unachievable targets to avoid losing funds by the August 31, 2026 deadline.

EU Eases Rules to Accelerate Spain's Pandemic Recovery Fund Spending

The European Commission eased rules for spending NextGenerationEU funds, enabling Spain to redirect €80 billion in grants and €83 billion in loans to defense, space, or satellite connectivity and substitute unachievable targets to avoid losing funds by the August 31, 2026 deadline.

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What immediate impact will the European Commission's decision to ease the rules on NextGenerationEU funds have on Spain's spending capacity?

The European Commission has eased rules for spending EU pandemic recovery funds (NextGenerationEU), allowing Spain to redirect funds to defense, space, or satellite connectivity, and to substitute unachievable investment and reform targets with new ones. This enables Spain to potentially receive more grants instead of loans, although structural reforms remain unchanged. The deadline for completing projects is August 31, 2026.

theguardian.com

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Jun 14, 04:11

Trump Approves $11 Billion Nippon Steel Investment in US Steel with US Government Veto Power

President Trump approved a $11 billion investment in US Steel by Nippon Steel, contingent on a national security agreement giving the US government veto power ("golden share") to protect national interests, following national security reviews by CFIUS and the Department of Justice.

Trump Approves $11 Billion Nippon Steel Investment in US Steel with US Government Veto Power

President Trump approved a $11 billion investment in US Steel by Nippon Steel, contingent on a national security agreement giving the US government veto power ("golden share") to protect national interests, following national security reviews by CFIUS and the Department of Justice.

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What immediate impact does Trump's executive order have on US Steel and national security?

On Friday, Donald Trump signed an executive order allowing Nippon Steel to invest $11 billion in US Steel by 2028, contingent on a national security agreement granting the US government veto power. This agreement, finalized after a Department of Justice review and regulatory approvals, includes a "golden share" for the US government, ensuring national security interests are protected.

elpais.com

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Jun 26, 07:16

EU Reforms State Aid Rules to Boost Green Transition

The EU is reforming its State aid rules to facilitate the green transition, aiming for a balance between supporting businesses and preventing larger companies from gaining unfair advantages, while addressing concerns raised by Germany and other member states.

EU Reforms State Aid Rules to Boost Green Transition

The EU is reforming its State aid rules to facilitate the green transition, aiming for a balance between supporting businesses and preventing larger companies from gaining unfair advantages, while addressing concerns raised by Germany and other member states.

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Climate Action

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How does the new State aid framework aim to balance the need for public investment in green technologies with preventing unfair advantages for larger companies?

The new regulation aims to accelerate Europe's energy transition, addressing challenges posed by competition from countries like China and the US. It acknowledges that public funding is necessary but seeks to optimize its use for fairness and efficiency. This approach is inspired by economist Mariana Mazzucato's concept of the entrepreneurial state.

theguardian.com

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Jun 24, 16:15

NSW Budget Favors Developers Amidst Cost-of-Living Cuts

The NSW 2025 budget allocates $1 billion to support property developers through a home-purchase guarantee and tax breaks, while ending cost-of-living relief measures and pursuing cuts to workers' compensation, creating winners and losers.

NSW Budget Favors Developers Amidst Cost-of-Living Cuts

The NSW 2025 budget allocates $1 billion to support property developers through a home-purchase guarantee and tax breaks, while ending cost-of-living relief measures and pursuing cuts to workers' compensation, creating winners and losers.

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How does the NSW government's approach to workers' compensation spending compare to other budget priorities, and what are the potential consequences?

The budget's focus on developers contrasts with cuts to workers' compensation and a lack of new cost-of-living relief. The $1 billion for developers aims to address housing shortages, while the cuts to workers' compensation reflect the government's fiscal priorities. This creates an imbalance, favoring developers while potentially harming vulnerable workers.

elpais.com

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Jun 20, 19:16

Donohoe Seeks Reelection as Eurogroup President Amidst Potential Spanish Challenge

The race for the Eurogroup presidency is underway, with incumbent Paschal Donohoe receiving EPP support and Spain's Carlos Cuerpo considering a challenge, creating a potential two-candidate race with the election set for July 7th.

Donohoe Seeks Reelection as Eurogroup President Amidst Potential Spanish Challenge

The race for the Eurogroup presidency is underway, with incumbent Paschal Donohoe receiving EPP support and Spain's Carlos Cuerpo considering a challenge, creating a potential two-candidate race with the election set for July 7th.

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How does the previous performance of the current Eurogroup president, Paschal Donohoe, impact the upcoming election?

Donohoe's five-year tenure has been met with mixed reactions, with some dissatisfaction expressed by larger Eurozone economies regarding his progress on issues like banking union. A recent document from five major Eurozone countries outlined needed improvements, indirectly criticizing Donohoe's performance. Despite this, Donohoe's recent endorsement from the EPP could give him a substantial advantage.

elpais.com

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Jun 17, 13:17

Five Eurozone Powers Demand Major Eurogroup Reforms

Five major Eurozone nations—France, Germany, Italy, Netherlands, and Spain—demand significant Eurogroup reforms from its next president, focusing on improved efficiency, clearer division of labor with Ecofin, faster implementation of the savings and investment union, banking union, and the euro digi...

Five Eurozone Powers Demand Major Eurogroup Reforms

Five major Eurozone nations—France, Germany, Italy, Netherlands, and Spain—demand significant Eurogroup reforms from its next president, focusing on improved efficiency, clearer division of labor with Ecofin, faster implementation of the savings and investment union, banking union, and the euro digi...

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How do the demands for changes in the Eurogroup's working methods and agenda reflect the evolution of economic crises and the Eurogroup's role within the EU?

The five countries' demands focus on improved work methods, including better preparatory materials for ministers and a clearer division of labor between the Eurogroup and Ecofin. They also seek to accelerate the savings and investment union, advance stalled projects like the banking union, and expedite the euro digital project to enhance autonomy from US-dominated payment systems. This reflects a need for more decisive leadership and efficient decision-making within the Eurogroup.

dw.com

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Jun 14, 01:11

Milei's Plan to Reintegrate \$200 Billion in Informal Dollar Savings into Argentina's Economy

Argentina's President Milei proposes a plan to incentivize citizens to bring their estimated \$200 billion in informal dollar savings into the formal economy by reducing fiscal regulations and boosting confidence, aiming to stimulate consumption and strengthen international reserves.

Milei's Plan to Reintegrate \$200 Billion in Informal Dollar Savings into Argentina's Economy

Argentina's President Milei proposes a plan to incentivize citizens to bring their estimated \$200 billion in informal dollar savings into the formal economy by reducing fiscal regulations and boosting confidence, aiming to stimulate consumption and strengthen international reserves.

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What is the immediate impact of President Milei's plan to bring informal dollar savings into Argentina's formal economy?

After implementing significant spending cuts, Argentina's inflation rate dropped from 25 percent monthly in December 2023 to below 3 percent recently, according to INDEC, the national statistics institute. However, the cost of living has risen sharply. President Milei is now proposing a plan to address this. ",A2=

dw.com

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Jun 14, 13:13

Germany's Economic Stagnation: Skilled Labor Shortage and Needed Reforms

Germany's economy, in recession for two years, faces stagnation in 2024, despite OECD's projected 0.4% growth. A severe skilled labor shortage, impacting over 81% of firms and hindering growth, necessitates structural reforms and increased labor market participation.

Germany's Economic Stagnation: Skilled Labor Shortage and Needed Reforms

Germany's economy, in recession for two years, faces stagnation in 2024, despite OECD's projected 0.4% growth. A severe skilled labor shortage, impacting over 81% of firms and hindering growth, necessitates structural reforms and increased labor market participation.

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What are the immediate economic challenges facing Germany, and what is their global significance?

The German economy has been in recession for two years, with experts predicting stagnation in 2024. The OECD forecasts a modest 0.4% growth for 2024 and 1.2% for 2026, driven by increased investment and consumption. However, exports remain challenged, particularly due to trade disputes with the US, with a projected 0.3% decrease in 2025 and a slight 0.6% increase in 2026.

Showing 313 to 324 of 1,499 results