Latest News for: Fiscal risks

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Rate hikes to tame inflation without generating a recession is an imprudent gamble: UNCTAD

Financial Express 04 Oct 2022
United Nations Conference on Trade and Development (UNCTAD) in its Trade and Development Report 2022 warns exactly that – “Monetary and fiscal policy moves in advanced economies risk pushing the world towards global recession and prolonged stagnation, inflicting worse damage than ...
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Retailers’ inventory glut on the rise

Arkansas Democrat-Gazette 04 Oct 2022
announced Thursday that its North American inventories grew by 65% in the fiscal first quarter that ended Aug ... Company Chief Financial Officer Matthew Friend said he expects the situation to have a "transitory impact on gross margins this fiscal year.".
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UN Fiscal Policies of Advanced Economies Risk Global Recession

Beijing News 04 Oct 2022
geneva - U.N. economists warn the monetary and fiscal policies of advanced economies risk plunging the world into a recession worse than the financial crisis of 2008. UNCTAD, the United Nations Conference on Trade and Development has issued its annual Trade and Development Report 2022 ... World Economy Slows Amid War and China's Downturn ... ....
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UN suggests halt in interest-rate increases needed to stem risk of global economic downturn

Anadolu Agency 03 Oct 2022
Monetary and fiscal policy moves in advanced economies risk pushing the world towards global recession and prolonged stagnation, inflicting worse damage than the financial crisis in 2008 and the COVID-19 shock in 2020,” UNCTAD (UN Conference on Trade and Development) Secretary-General Rebeca Grynspan told a news conference.
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Truss’s tax U-turn | Mint

Live Mint 03 Oct 2022
Together with a big outlay for energy subsidies, any such tax sop was a fiscal gamble in times of soaring UK inflation, demanding both a monetary and fiscal rein-in. It had rattled financial markets aware of its risks of instability and ...
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Better times ahead for China equities?

Moneyweek 03 Oct 2022
Another contributor to improved performance lately has been China’s comparatively much more helpful monetary and fiscal backdrop ... On the fiscal front too, policy in China is more supportive compared to the rest of the world ... (3) Risk factors ... They are subject to different accounting and regulatory standards, and political and economic risks.
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Economic actions in advanced countries pushing world to recession: UN agency

Anadolu Agency 03 Oct 2022
Monetary and fiscal policy moves in advanced economies risk pushing the world towards global recession and prolonged stagnation, inflicting worse damage than the financial crisis in 2008 and the COVID-19 shock in 2020,” she said.
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Nonprofit tied to Wuhan lab gets $650K more to study coronaviruses

New York Post 03 Oct 2022
Emails obtained by conservative watchdog group Judicial Watch in June 2021 revealed that EcoHealth received approximately $3.75 million between fiscal years 2014 and 2019 to carry out its study titled, “Understanding the Risk of Bat Coronavirus Emergence,” more than $800,000 of which was redirected to the Wuhan lab.
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Retail inventory glut means better deals for shoppers

Detroit news 03 Oct 2022
said Thursday that its North American inventories grew by a whopping 65% in the fiscal first quarter ended Aug ... Chief Financial Officer Matthew Friend said he expects the situation to have a "transitory impact on gross margins this fiscal year."
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UK government forced to ditch plan to slash top rate of tax

CNN 03 Oct 2022
The scale of the challenge was underscored late Friday when ratings agency S&P reduced its outlook for the credit rating on UK sovereign debt to “negative” from “stable.” “The negative outlook primarily reflects what we view as rising risks to the UK’s fiscal position over the next two years,” S&P said in a statement.
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A shift on stage-three tax cuts would move the first Albanese budget from B for boring to B for big

The Observer 03 Oct 2022
The new British prime minister Liz Truss has been rolled by colleagues unprepared to support a fiscally profligate, market-spooking, trickle-down package that would have abolished the 45% top rate of income tax ... Australia’s treasurer is increasingly pitching his budget as an exercise in rebuilding the fiscal buffers.
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AZZ Inc. Completes Divestiture of Majority Interest in the Company's Infrastructure Solutions Segment

Longview News-Journal 03 Oct 2022
Risk Factors, in AZZ's Annual Report on Form 10-K for the fiscal year ended February 28, 2022 and other filings with the Securities and Exchange Commission ("SEC"), available for viewing on AZZ's website at www.azz.com and on the SEC's website at www.sec.gov.� You are urged to ...
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Biden is wrong about the pandemic being over

The Bradford Era 03 Oct 2022
Coming down with COVID-19 can increase an individual’s risk of developing a range of non-communicable diseases ... Ignoring the true cost of letting COVID-19 proliferate only compounds the risk that repeated infections will pose to people’s physical health — and ultimately the nation’s fiscal health.
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Government needs to cast a wider tax net if we are to avoid future economic cracks

Irish Independent 03 Oct 2022
But with Ireland’s tax intake increasingly dependent on just 10 companies, the catastrophic risk from a sudden loss of corporation tax receipts is clear.The Irish Fiscal Advisory Council warned last month that excluding excess corporation tax, the budget balance remains in deficit.
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UN urges monetary easing to avert recession threat

Khaleejtimes 03 Oct 2022
Monetary and fiscal policy moves in advanced economies risk pushing the world towards global recession and prolonged stagnation, "inflicting worse damage than the financial crisis in 2008 and the Covid-19 shock in 2020", UNCTAD warned.

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