finance
By Odile DUPERRY et Baptiste PACE Paris (AFP) - Alors que le temps législatif presse, Gabriel Attal a transmis mardi aux ministères les "lettres plafonds" d'un projet de budget 2025 dont il propose l'exacte reconduction du total des crédits, à charge pour son successeur d'y mettre sa patte politique. L'initiative a "un objectif républicain", celui "d'assurer la continuité de l'Etat", a fait valoir Matignon. Cela "permet à la France de se doter d'un budget en temps et en heure", et "également au prochain gouvernement de faire ses propres choix sur la base de ce qui a été préparé et transmis aux...
AFP (Français)
By Odile DUPERRY Paris (AFP) - Avec un Premier ministre qui ne sera pas nommé avant le 23 août, le nouveau gouvernement aura au mieux quelques semaines pour boucler le prochain budget, une situation inédite et potentiellement périlleuse. \- Quel calendrier ? - Le projet annuel de loi de finances (PLF), un des seuls textes législatifs obligatoires, particulièrement énorme et complexe, doit être déposé au Parlement au plus tard le premier mardi d'octobre, soit le 1er octobre cette année. Auparavant, il doit avoir été présenté en Conseil des ministres, et avant cela encore avoir reçu les avis du ...
AFP (Français)
Switzerland's largest bank UBS saw profits soar in its second quarter, up at $1.14bn (€1.04bn) and easily exceeding forecasts of $528m (€480m). Revenue was up by 15% at $6.053bn (€5.50bn), attributed mainly to its integration with one-time rival Credit Suisse. The results are the first since the formal merger was completed in May. UBS sets aside €800 million for investors hit by Greensill collapseUBS stock rises as banking giant launches €1.8bn share buybackGroup revenue for the April-June period also came in above forecasts at $11.904bn (€10.82bn) - analyst expectations were for $11.522bn (€1...
Euronews (English)
The EU Green Deal aims to build a Europe with clean energy and sustainable industries, with a target for climate neutrality by 2050. However, as the drive for clean energy continues so does the financing of fossil fuels, as a complete move away from oil and gas would lead to energy security risks. According to research, the world’s banks have given around €6.5 trillion to the fossil fuel industry since the signing of the Paris Climate Agreement in 2016. The Banking on Climate Chaos report claimed Barclays ranked 8th globally, as Europe’s biggest contributor. However, Barclays has pledged to pr...
Euronews (English)
The gold price dropped significantly on Monday (August 5) as global markets faced volatility, sinking as low as the US$2,375 per ounce mark after closing the previous week around US$2,440. Diverse factors were at play that day. A weaker-than-expected US jobs report released on August 2 stoked fears about a recession, with only 114,000 jobs added for the month of July compared to the 175,000 expected by analysts. However, the Bank of Japan's interest rate hike has been widely identified as the bigger culprit for Monday's selloffs. It surprised market watchers by raising rates to 0.25 percent on...
Investing News Network
The stock market experienced a turbulent week influenced by concerns over US economic data. Cryptocurrencies also experienced significant losses before recovering toward the end of the week. Meanwhile, a long-awaited ruling could have massive implications for the tech sector, and a California-based chip stock became the most recent to fall short of steep expectations. Stay informed on the latest developments in the tech world with the Investing News Network's round-up. 1. Panic selling kicks off the week The stock market experienced one of its most turbulent weeks since the pandemic after a su...
Investing News Network
In the current uncertain and rapidly transforming global economic climate, people need resilient wealth management to weather volatility and ensure their finances endure. Building resilience in wealth is more than just the accumulation of assets. It demands a strategic approach to saving, investing, preserving capital, and managing resources. Moreover, there are several stages to building resilience and managing wealth. Your portfolio has several components whose value changes constantly over the years. To create a resilient portfolio, you must have straightforward income, savings, investment,...
Due
The following is the Aug. 6, 2024 edition of our Ukraine Business Roundup weekly newsletter. This version is condensed as the author was out of the office. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. It was the night before Alyona Mysko’s birthday when she got the word from her financial manager. The founder of software company Fuel that provides financial planning for startups, Mysko was still working at home in Kyiv well into the night of July 22 when she learned that the company’s bank account was being cut off. “(Tuesday) was my birthda...
Kyiv Independent
The following is the Aug. 6, 2024 edition of our Ukraine Business Roundup weekly newsletter. This version is condensed as the author was out of the office. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. It was the night before Alyona Mysko’s birthday when she got the word from her financial manager. The founder of software company Fuel that provides financial planning for startups, Mysko was still working at home in Kyiv well into the night of July 22 when she learned that the company’s bank account was being cut off. “(Tuesday) was my birthda...
Kyiv Independent (CA)
The following is the Aug. 6, 2024 edition of our Ukraine Business Roundup weekly newsletter. This version is condensed as the author was out of the office. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. It was the night before Alyona Mysko’s birthday when she got the word from her financial manager. The founder of software company Fuel that provides financial planning for startups, Mysko was still working at home in Kyiv well into the night of July 22 when she learned that the company’s bank account was being cut off. “(Tuesday) was my birthda...
Kyiv Independent (UK)
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