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The Latest Breaking News from Economy Ministry

France to limit what internet influencers can say and sell for brands

France is to become first European country to regulate internet influencers, as lawmakers debate a cross-party bill to impose limits on what people can promote on social media.

Radio France Internationale

German court upholds move to take control of Rosneft units

A German federal court has upheld a government decision last year to put two subsidiaries of Rosneft under the control of German authorities, throwing out complaints from the Russian oil giant

The Independent UK

How France plans to regulate the realm of internet influencing

The French government this week launched a month-long public consultation in a bid to set up a code of good conduct for internet influencers. The project proposes to better protect consumers as well as makers of creative content, and will also allow the Economy Ministry to keep fiscal tabs on…

Radio France Internationale

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Germany Suspends Measures to Promote Business with Iran

Germany's government is suspending state measures designed to foster business with Iran due to the repression of nationwide protests in Iran, the economy ministry said on Friday. The suspension will affect export credits and investment guarantees as well as Germany's manager training and trade fair programs in Iran, the ministry…

Asharq Al-Awsat

Tunisia Seeks to Cut Fiscal Deficit to 5.5% in 2023, Led by Economic Reforms

Tunisia expects to reduce its fiscal deficit to 5.5% next year from a forecast 7.7% this year, driven by austerity measures that could pave the way for a final deal with the International Monetary Fund on a rescue package. The country has been in urgent need of international help for…

Asharq Al-Awsat

Lula builds out econ team with Mercadante at BNDES, ex-banker aide to Haddad

More of Brazilian President-elect Luiz Inacio Lula da Silva's economic policy team took shape on Tuesday, with Workers Party (PT) veteran Aloizio Mercadante running development bank BNDES and a former banker taking a key role at the Economy Ministry.

Reuters

Brazil economy ministry rejects Lula transition team's judgment on finances

Brazil's Economy Ministry on Sunday rejected assertions by president-elect Luis Inacio Lula da Silva's transition team that the outgoing administration was leaving government finances "bankrupted."

Reuters

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Mexico invites U.S. trade team to third round of energy consultations

Mexico's Economy Ministry has invited U.S. Trade Representative Katherine Tai's team to hold third round of energy consultations in the coming days in Mexico City, according to an economy ministry statement published Thursday.

Reuters

Germany, Poland take over natural gas firms tied to Russia

Poland and Germany have announced separate takeovers of natural gas companies linked to Russian energy giant Gazprom

The Independent UK

German government: Economy to shrink in 2023 as war bites

The German government has slashed its growth forecast for this year and predicted that Europe’s biggest economy would shrink in 2023 as it deals with the fallout from Russia’s war in Ukraine, including Moscow cutting off natural gas supplies

The Independent UK

German Economy Ministry officials flagged over possible Russia ties - Die Zeit

The German Economy Ministry has asked the country's domestic intelligence agency BfV to look into two senior ministry officials over concerns about their possible ties to Russia, Die Zeit weekly reported on Wednesday.

Reuters

Germany ramps up military exports, mainly to arm Ukraine

German exports of military equipment have surged so far this year as Berlin supplies arms to Ukraine to help it defend itself against Russia's attack, the Economy Ministry said on Wednesday.

Reuters

Brazil government improves primary budget deficit forecast for 2022

Brazil's government projected a lower primary budget deficit this year, official figures showed on Friday, with a booming tax collection helping to improve the short-term fiscal balance.

Reuters

Israel to Let More Palestinians Work in Manufacturing to Fill Labor Shortage

Israel's cabinet approved issuing 3,500 additional permits for Palestinian workers in Israel's manufacturing and services sectors, increasing the number to 12,000 to help relieve a shortage of skilled staff, the Economy Ministry said on Sunday. Workers from the West Bank and Gaza Strip, territories which Israel captured in the 1967…

Asharq Al-Awsat

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Reuters

Israel to let more Palestinians work in manufacturing to fill labour shortage

Reuters

Germany plans new arms exports rules, easier exports to Ukraine - Der Spiegel

Germany, the world's fifth-largest arms exporter, plans to revise its rules on arms exports to make it easier to arm democracies like Ukraine and harder to sell weapons to autocracies, Der Spiegel reported on Friday.

Reuters

Brazil courts give Guedes 10 days to explain election-year tax cut

Investigators from Brazil's electoral courts have given the Economy Ministry 10 days to explain a huge tax cut on industrial goods such as televisions and refrigerators over concerns about its legality and impact on the October election.

Reuters

Gazprombank account not necessarily breach of sanctions -German Ministry

European energy firms can open special accounts with Gazprombank to pay for Russian gas, a key demand by Moscow, without breaching sanctions if transferring euros or dollars to them fulfils their contractual obligations, the German Economy Ministry said.

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Reuters

Israel, UAE finalise 'milestone' free trade deal

Israel and the United Arab Emirates have concluded negotiations for a free trade agreement, Israel's Economy Ministry and the UAE foreign trade minister said on Friday after formally establishing ties in 2020.

Reuters

Brazil's government mulls temporary increase in welfare program -sources

Brazil's Economy Ministry is evaluating a temporary increase of the government's Auxilio Brasil welfare program to help people deal with economic impacts stemming from Russia's invasion of Ukraine, two officials told Reuters on Monday.

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