Finance & Economics
Food Price Volatility a Growing Concern, World Bank Stands Ready to Respond
Given the exceptional drought in the US, current crop conditions in other grain producing regions, and the resulting increase in international food prices, the World Bank today expressed concern for the impacts of this volatility on the world's poor, who are highly vulnerable to increases in food prices.
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July 2012: Economic sentiment declines in the EU and the euro area
In July the Economic Sentiment Indicator (ESI) decreased by 1.4 points in the EU, to 89.0, and by 2.0 points in the euro area, to 87.9.
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World Bank Approves Funds for Boosting Regional and International Trade in Central Africa
The World Bank’s Board of Executive Directors today approved US$125 million to finance transport and trade improvements in the Central African Republic (CAR).
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First European Central Bank report on card fraud shows chips have increased the security of physical transactions
The European Central Bank (ECB) has published its first report on card fraud. The report was compiled by the Eurosystem, i.e. the ECB and the 17 national central banks of the euro area. Its main findings are that card fraud has been on a declining trend since 2007, and that technological advances have been key to increasing the security of transactions.
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IMF Executive Board Completes First Review Under the Extended Credit Facility Arrangement for Burundi and Approves US$6 Million Disbursement
The Executive Board of the International Monetary Fund (IMF) today completed the first review of Burundi’s performance under the program supported by the Extended Credit Facility (ECF). In completing the review, the Executive Board approved a modification of performance criteria for end-September 2012.
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Mergers: Commission approves acquisition of French automotive supplier FDI's motorised vehicles business by rival Delphi
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the motorised vehicles business of FCI S.A. (FCI MVL) of France by Delphi Holding Luxembourg Sarl of Luxembourg. Both parties produce connectors used in motorised vehicles. The Commission found that the proposed transaction would not raise competition concerns because it would not significantly alter the market structure.
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Emerging Arab democracies face tough economic challenges
Countries in the southern and eastern Mediterranean, in which the EBRD is planning to invest this year, are continuing to face serious macroeconomic challenges amid a climate of increasing uncertainty.
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Faithful Tax Policy Action Guide Urges Lawmakers to Consider Tax Revenues in Deficit Reduction Efforts
Bread for the World now features a new Faithful Tax Policy action guide . The resource combines Bread’s specific public policy recommendations with underlying biblical principles.
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Sudan Rejects South Sudan Oil Offer
Sudan is giving a cool response to several South Sudanese proposals aimed at rejuvenating peace talks and oil production. Khartoum wants to settle security issues before considering Juba's offers.
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New Eurozone Focus: Spain's Debt, Economy
The debt-ridden Spanish government and the country's troubled economy are the newest face of the European debt crisis.
tock markets across Asia, Europe and the United States plunged on Monday on fears that Madrid will need an international bailout after the country's borrowing costs soared above the level at which Greece, Ireland and Portugal all were forced to secure rescue packages.
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