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Australian foreign property rules are mainly political

Location:

AUSTRALIA

The new rules, which include steeper taxes on foreign purchases of existing domestic properties, are part of a Labor strategy intended to free up more housing stock. The…

Nigerian cryptocurrency curbs will not stem their use

Location:

NIGERIA

The CBN has previously warned banks against cryptocurrency transactions, arguing cryptocurrencies are not legal tender in Nigeria and create risks due to their volatility and…

EU green ambitions are strongly reflected in budget

Location:

EU

Overall, some 30% of the budget will involve climate-related spending. One of the key reforms concerns the EU’s own resources mechanism to finance spending, with plans to…

Dubai and Abu Dhabi will consolidate, not compete

Location:

UNITED ARAB EMIRATES

Economic consolidation in the UAE.

Italy's public debt will rise despite on-track deficit

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ITALY

A Constitutional Court ruling outlawing the 2012 pension reform highlighted the risks of significant deviations from austerity policies. However, even with a budget deficit of 3…

Fledgling cryptocurrency plans face obstacles in Cuba

Location:

CUBA

Cryptocurrency use could help counter US trade sanctions and offer Cuba a back door to international financial structures. Government plans nevertheless appear underdeveloped, and…

Eastern members risk falling behind rest of EU

Location:

EU

Speaking on the occasion, European Commission President Ursula von der Leyen said that, over the past 20 years, the promise of stability and prosperity has been fulfilled…

Italian economy faces tougher challenges in 2022

Location:

ITALY

This fast growth will more than offset the impact of the pandemic, which pulled down real output by 8.9% in 2020. Nevertheless, there are significant downside risks associated…

Italy’s Conte will not fully implement fiscal plan

Location:

ITALY

The new government’s investiture vote in parliament on June 5-6 was preceded by massive volatility in financial markets. Its fiscal plan appears unsustainable and its views on EU…

Ethiopia's demonetisation mixes politics and economics

Location:

ETHIOPIA

The move comes after the government prohibited individuals and organisations from holding cash over ETB1.5mn (around USD41,000) and a cap on daily cash withdrawals for individuals…