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South Africa faces fiscal reform challenges

Location:

SOUTH AFRICA

However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.

Diamond sanctions will have a modest impact on Russia

Location:

RUSSIA

The ban will be extended by the end of the year to include diamonds polished in third countries, lab-grown diamonds, as well as jewellery and watches containing diamonds. The new…

Biden speech points to central campaign issues

Location:

UNITED STATES

Biden used last week’s State of the Union address to lay out his priorities for the year ahead, offering a speech intended to rally his party and demonstrate his commitment and…

Right are slight favourites ahead of Portugal election

Location:

PORTUGAL

Costa’s Socialist Party (PS), which is now led by Pedro Nuno Santos, is tied in opinion polling with the centre-right opposition Democratic Alliance (AD). The far-right Chega is…

New Irish leader will struggle to reverse polls

Location:

IRELAND

Harris replaces Leo Varadkar, who surprisingly announced that he was stepping down ahead of local, EU and national elections. In his first speech as party leader, Harris suggested…

Macron faces political risks over French fiscal woes

Location:

FRANCE

The government is highly dependent on steady GDP growth to meet its pledges on deficit-reduction and tax cuts. It was forced to implement EUR10bn (USD10.7bn) in emergency cuts in…

Biden will stress regional economic development work

Location:

UNITED STATES

With the economy a central issue for many voters, Biden is stressing his administration’s focus on place-based economic development (PBED), an approach to shaping the economic…

Any recovery from the UK recession will be very modest

Location:

UNITED KINGDOM

Government measures to boost the economy, including tax cuts in November, are having little effect. There is little scope for further stimulus in the March budget. Political…

Oman's LNG exports will increase as oil plateaus

Location:

OMAN

Previously, in January, the energy ministry announced it was offering three new oil and gas concessions. Muscat wants to engage private companies in efforts to unearth fresh…

Low savings limit Japanese spending and GDP growth

Location:

JAPAN

The economy slowed sharply in the second half of 2023. Consumption is lower than a decade ago, as a consequence of population ageing and insufficient savings, which reflects a…