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The Latest Breaking News from Finance

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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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.

Glasgow Live

Jordan parliament votes to recommend expelling Israeli ambassador

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

Al Jazeera

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.

Tribune News Service

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.

Roll Call

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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.

Bangkok Post

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.”

Chicago Sun-Times

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

The National (Scotland)

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.

France 24

Voting for SNP leadership contest opens

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

Daily Record

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.

Bangkok Post

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…

The National (Scotland)

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Bangkok Post

Arkhom cools concern

The economy is not overheating and authorities can control inflation rates, says Finance Minister Arkhom Termpittayapaisith.

ABC News

Agriculture department in dire straits as 'festering' finance problem reaches a head

A federal government department responsible for protecting Australia's "way of life" is on the cusp of requiring a financial bailout, as it falls hundreds of millions of dollars into the red.

ABC News

As crisis calls over financial distress climb, treasurer and finance minister say they know rate rises are hurting

The government acknowledges a growing number of people making financial distress calls to crisis support hotlines, as the Reserve Bank governor says the mental health concerns of Australians weighs heavily on him.

Asharq Al-Awsat

US Demands Clarifications from Israel over Aqaba Statements

Washington has demanded clarifications from the Israeli government after Prime Minister Benjamin Netanyahu and some of his ministers reneged on the agreements reached at last month’s Aqaba meeting. Official broadcaster Kan said on Saturday that the US administration requested clarifications after Netanyahu, National Security Minister Itamar Ben-Gvir and Finance Minister…

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Asharq Al-Awsat

Netanyahu Tries to Calm Outcry over Minister’s Remarks on Palestinians

Israeli Prime Minister Benjamin Netanyahu sought on Sunday to soften international outcry over a call by a far-right member of his cabinet for a flashpoint Palestinian village to be "erased", saying those remarks had been "inappropriate". But Netanyahu also pushed back against censure of Finance Minister Bezalel Smotrich, accusing foreign…

The National (Scotland)

What is Ash Regan's plan for a 'readiness thermometer'?

ASH Regan faced off against Finance Secretary Kate Forbes and Health Secretary Humza Yousaf at a hustings in Fife on Friday night, taking questions…

The Independent UK

Yousaf: Leadership candidates need space to oppose SNP policies in election

Humza Yousaf, Kate Forbes and Ash Regan are in the race to replace Nicola Sturgeon as SNP leader and first minister.

The Independent UK

Ewing backs Forbes for SNP leadership with comparison to mother Winnie

He praised the Scottish Finance Secretary’s ‘honesty, bravery, integrity’.

AAP

Libs fight super tax despite 'little sympathy' for rich

Opposition finance spokeswoman Jane Hume has questioned the number of people superannuation tax changes would affect with the threshold not being indexed.

Bangkok Post

Megaprojects, tourism to propel growth, Arkhom says

A slew of billion-dollar infrastructure projects and an upswing in tourism will fuel Thailand’s expansion this year, shielding the economy from weaker exports and any possible delay in the budget approval due to elections, according to Finance Minister Arkhom Termpittayapaisith.

Reuters

Brazil govt to resume fuel taxes -ministry

The Brazilian government is set to resume the collection of federal taxes on fuels this week, the Finance Ministry said on Monday.

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