Luis de Guindos and Christine Lagarde at the news conference of ECB in Frankfurt. Reuters
Battered by years of low interest rates, eurozone banks are looking at a multi-billion-euro consolation prize if the ECB grants them an expected reprieve from its penalty charge on deposits, according to Reuters calculations.
Italy’s new government should not challenge European Union fiscal rules when it submits its draft 2020 budget to Brussels next month, the head of the eurozone finance ministers, Mario Centeno said.
Long-dated bond yields in the eurozone shot higher on Monday on the back of a calmer tone in world markets and increased expectations for fiscal stimulus in Germany.
Eoin Morgan urged England “not to shy away” from the pressure of the World Cup final after they stormed into the showpiece with an eight-wicket thrashing of champions Australia at Edgbaston on Thursday. Morgan’s side will face New Zealand at Lord’s on Sunday, with both sides bidding to win the title for the first time.
The Khalifa Fund for Enterprise Development has announced the signing of a $100 million (Dhs368 million) agreement with the Ethiopian Ministry of Finance in Addis Ababa.
In recognition of the importance that Dubai holds in the global trade and investment arena, the International Chambers of Commerce (ICC) held a gala ceremony to commemorate 100 years of its existence.
Abdullah Sultan Al Owais, the Chairman of the Sharjah Chamber of Commerce & Industry, SCCI, recently received a high-level US delegation headed by Seth Oppenheim, Commercial Officer, SelectUSA Investment Summit, accompanied by George Calboh,