Italy Senate passes revised budget after EU standoff

Italy Senate passes revised budget after EU standoff

The Italian Senate on Sunday passed a revised 2019 budget agreed after a tense standoff with Brussels which saw the populist government water down key measures.

EU to unveil digital tax targeting Facebook, Google

EU to unveil digital tax targeting Facebook, Google

The EU will unveil proposals for a digital tax on US tech giants on Wednesday, bringing yet more turmoil to Facebook after revelations over misused data of 50 million users shocked the world.

France will meet EU target of 3.0% deficit in 2017: PM

France will meet EU target of 3.0% deficit in 2017: PM

France will meet the EU deficit limit of 3.0 percent of GDP in 2017, the prime minister insisted Thursday, after the public accounts watchdog said it would miss the mark unless it took urgent action.

Kuwait to tap foreign debt markets to finance deficit

Kuwait to tap foreign debt markets to finance deficit

Kuwait said Sunday it plans to tap the international debt market through bond issues to finance its budget deficit after recording a first shortfall in 16 years.

Sri Lanka requests IMF bailout to tackle budget deficit

Sri Lanka requests IMF bailout to tackle budget deficit

Sri Lanka has made a formal request for an IMF bailout package to aid its struggling economy after a sharp slowdown in growth and with its budget deficit widening, officials said Saturday.