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The Latest Breaking News from Finance

Mayor-elect warned: don’t mess with City Council reorganization

Finance Committee Chair Scott Waguespack is among the committee chairs who could be pushed out in favor of more chairs loyal to Mayor-elect Brandon Johnson.

Chicago Sun-Times

Leo Varadkar issues major tax update for middle-income earners ahead of Budget

Asked by the Irish Mirror whether or not the projected surplus cleared the way for the 30% tax rate, Mr Varadkar warned that some of the money will need to be kept for tougher times. However, he vowed that there will be a tax package for middle-income earners in the…

Irish Mirror

France kicks off push to ‘appease’ nation with row over immigrant welfare fraud

The French finance minister’s pledge to crack down on immigrants abusing France’s welfare system has triggered a fresh row in a country reeling from a bitter battle over pension reform, casting doubt on President Emmanuel Macron’s ability to deliver on a pledge to “appease” and unify the nation in a…

France 24

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Budget black hole prompts line by line review

The NSW treasurer says he will be going through the budget "line by line" after departmental papers revealed a $7 billion black hole in the state's finances.

AAP

Ukraine’s Zelenskyy asks global leaders to seize Russian assets

Ukrainian President Volodymyr Zelenskyy told a gathering of global finance leaders in Washington that his country needed $14.1 billion immediately for critical reconstruction needs and pleaded with officials to use frozen Russian assets to help pay the cost.

Tribune News Service

Chidambaram slams TN Guv on his "Bill is dead" remark; says it "Means Parliamentary Democracy is dead"

Congress veteran and former Finance Minister P Chidambaram on Friday slammed Tamil Nadu Governor RN Ravi over his "Bill is dead" remark. Read further on dynamite News:

Dynamite News

Hopes rise for single parent payment increase as Labor aims to ‘support the most vulnerable’ in budget

Finance minister Katy Gallagher says government working through reports that recommend eligibility changes to payment

The Guardian - AU

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The BBC and ITV jobs in Greater Manchester you can apply for now – including on Coronation Street

The broadcasters have opportunities available in TV, finance and IT

Manchester Evening News

Japan unveils fresh childcare plan but funding questions remain

Japan's government laid out a fresh plan on Friday to boost childcare over the coming three years to reverse the country's declining birth rate, a move that may lead to another big spending package and strain its already tattered finances.

Reuters

Shona Robison to replace Kate Forbes as Finance Secretary

SHONA Robison will replace Kate Forbes as Finance Secretary, according to reports.

The National (Scotland)

Kate Forbes to leave government after refusing rural affairs role

The 32-year-old former Finance Secretary will return to Holyrood’s backbenches

Insider UK

Kate Forbes to leave Scottish Government after ‘turning down demotion’ from First Minister Humza Yousaf

Former finance secretary is believed to have turned down offer of rural affairs job by First Minister Humza Yousaf

Evening Standard

White House’s EV tax credit implementation in the spotlight

WASHINGTON — Lawmakers on both sides of the aisle are scrutinizing how the Biden administration handles new incentives for buying electric vehicles with the first formal guidance on which cars qualify for subsidies expected this week.

Tribune News Service

White House's EV tax credit implementation in the spotlight - Roll Call

Lawmakers on both sides of the aisle are scrutinizing how the Biden administration handles new incentives for buying electric vehicles.

Roll Call

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Glasgow Live

New SNP leader and Scottish First Minister to be named later today

The new SNP leader and next First Minister of Scotland will be named later today after a five-week contest. Health Secretary Humza Yousaf, Finance Secretary Kate Forbes, and former community safety minister Ash Regan are all vying for the position.

Al Jazeera

Jordan parliament votes to recommend expelling Israeli ambassador

The recommendation is in protest against the actions of Israeli Finance Minister Bezalel Smotrich.

Tribune News Service

Debt limit breach would be ‘devastating’ for banks, Yellen says at hearing

WASHINGTON — Treasury Secretary Janet L. Yellen told senators on Thursday that the banking system remains sound in the aftermath of Silicon Valley Bank's collapse. But she warned that failure to raise the debt limit in time would be devastating for banks after the turmoil.

Roll Call

Yellen: Debt limit breach would be 'devastating' for banks - Roll Call

Treasury Secretary Janet L. Yellen told senators on Thursday that the banking system remains sound despite Silicon Valley Bank's collapse.

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Bangkok Post

Arkhom pledges stability after poll

The government is ready to take action, even in a caretaker position before the next administration takes power, should global volatility affect the country's economy or financial system, Finance Minister Arkhom Termpittayapaisith told reporters.

Chicago Sun-Times

Lightfoot allies hatch plan to expand power on City Council before she heads out the door

Former Inspector General Joe Ferguson had pushed for a more independent Council, but slammed this approach as a “pre-emptive power move of the status quo wrapped in a package that includes meaningful reforms.”

The National (Scotland)

Will Scotland's next first minister appoint a gender-balanced Cabinet?

Scotland has had a gender-balanced cabinet since Sturgeon took over as First Minister from Alex Salmond

France 24

France says no risk of contagion as governments handle SVB collapse fallout

The bankruptcies of US banks Silicon Valley Bank (SVB) and Signature do not pose a danger to French financial institutions, Finance Minister Bruno Le Maire said Monday as authorities in the US and UK took extraordinary steps to stop a potential banking crisis.

Daily Record

Voting for SNP leadership contest opens

Health secretary Humza Yousaf, finance secretary Kate Forbes and former communities minister are standing for the leadership.

Bangkok Post

BBC chief refuses to quit despite chaos sparked by Lineker removal

LONDON - Britain's finance minister on Sunday said "people's confidence" in the BBC needed to be restored as the broadcaster's boss vowed not to quit amid the chaos surrounding Gary Lineker's removal as Match of the Day host.

The National (Scotland)

Nicola Sturgeon tells Douglas Ross he'll never 'reach dizzying heights of mediocrity'

NICOLA Sturgeon told Scottish Tory leader Douglas Ross that he’ll never reach “the dizzying heights of mediocrity” as he dug in over comments…

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