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Sunday, May 29, 2022
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Economy

Spain passes landmark labour reform, unlocking billions in EU aid

The Spanish parliament has ratified by one single, mistaken vote a landmark labour reform devised by the country’s Socialist-led coalition government, unlocking billions of...

European Central Bank plans to redesign euro banknotes

The European Central Bank (ECB) has revealed plans to redesign its euro banknotes, with a final decision on the new look expected in 2024. The...

Inflation across eurozone hits record high of 4.9%

Consumer prices across the 19 countries that use the euro currency are rising at a record rate, official figures show. Eurostat, the European Union’s statistics...

China’s economic growth slows to 7.9%

China’s economic growth slowed to a still-strong 7.9% over a year earlier in the three months ending in June as a rebound from the...

Soldiers and protesters injured in riots over Lebanon economic crisis

Lebanese troops deployed in the northern city of Tripoli early on Sunday, taking positions around major state institutions after a night of protests and...

El Salvador president wants Bitcoin as legal tender

El Salvador President Nayib Bukele has announced his intention to send proposed legislation to the country’s congress that would make Bitcoin legal tender in...

Biden sets out plan for six trillion dollar budget

President Joe Biden is proposing a $6 trillion budget for next year piled high with new safety net programmes for the poor and middle...

Yellen says Congress needs to ‘go big’ for relief package

Treasury Secretary Janet Yellen says Congress still needs to “go big” by passing President Joe Biden’s 1.9 trillion dollar (£1.37 trillion) relief package to...

Japanese economy records recovery from pandemic slump

The Japanese economy grew at an annual rate of 12.7% in October-December, marking the second straight quarter of growth amid a recovery from its...

EU hopeful for firm economic growth despite virus challenges

Senior European Commission officials have expressed cautious optimism that European economies will rebound later this year and in 2022. The forecast comes despite deep uncertainty...

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