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The Latest Breaking News from Finance

Lightfoot suffers embarrassing defeat — at the expense of speeding motorists

The Finance Committee vote was 16 to 15 to raise the 6 mph threshold that has generated an avalanche of tickets and $59 million in additional revenue since Lightfoot lowered the bar in March 2021.

Chicago Sun-Times

New building of Kasaragod sub-treasury inaugurated

Finance Minister K.N. Balagopal on Monday inaugurated the new building of the Kasaragod sub-treasury. He said the structure of the treasuries was changing and the State treasuries were being modernised to match modern banks.

The Hindu

BTC Tumbles to 52-Week Low, El Salvador Minister Unperturbed

Even as prices of the world’s largest cryptocurrency by market capitalization Bitcoin (CRYPTO: BTC) briefly slipped below $21,000 levels, its 52-week low, Finance minister of El Salvador Alejandro Zelaya says he can only “smile” when warned about fiscal risks.

Benzinga

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Prayut: Central bank agrees to keep policy rate steady

The Bank of Thailand (BoT) has told the finance ministry that it will keep its policy rate at the current level to support the economy, Prime Minister Prayut Chan-o-cha told reporters on Tuesday.

Bangkok Post

Bipartisan crypto bill outlines regulatory, tax framework - Roll Call

New legislation would treat cryptocurrency as a commodity and give the Commodity Futures Trading Commission regulatory authority.

Roll Call

Nicola Sturgeon warned schools will close and rubbish left to rot on street amid strike threat

Leaders of Unison, Unite and GMB unions have written to Nicola Sturgeon and Finance Secretary Kate Forbes calling for talks on local government pay to take place as a "matter of urgency".

Glasgow Live

Katy Gallagher says the government has inherited the worst set of budget books in history. Is that correct?

Finance Minister Katy Gallagher says the incoming Labor government has inherited the worst set of budget books in history. Is that correct? RMIT ABC Fact Check investigates.

ABC News

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Centre accorded ‘ad hoc’ permission to raise ₹4,000 cr. OMBs: finance officials

Relief after permission to raise OMBs appears shortlived

The Hindu

France in talks with UAE to replace Russian oil supplies

France is in talks with the United Arab Emirates to replace Russian oil purchases, which will stop after the imposition of a European Union ban on Russian crude, Finance Minister Bruno Le Maire said on Sunday.

Radio France Internationale

The unexpected date on the calendar upended Anthony Albanese’s planned start to government

“You shouldn’t waste a day in government,” Anthony Albanese told the first meeting of the ALP caucus this week, smilingly. “We don’t intend to."

The New Daily

Kate Forbes to set out spending review amid warnings of £3.5bn budget gap

FINANCE Secretary Kate Forbes is due to set out her resource spending review, the first time the Scottish Government has published a multi-year…

The National (Scotland)

Kota man's 5-year fight to get Rs 35 refund on cancelled railway ticket benefits around 3 lakh IRCTC users

KOTA: A Kota-based man has won his five-year fight to get a Rs 35 refund from the Railways, helping in the process nearly 3 lakh people who were in a similar situation.

The Times of India

Scotland faces 'difficult finances' amid claims of £3.5 billion 'black hole'

FINANCE Secretary Kate Forbes has said Scotland faces a “very difficult financial position” over the next few years amid rising tax warnings…

The National (Scotland)

Uttar Pradesh Budget a ‘deceit,’ says Lalji Verma; Finance Minister Suresh Khanna intervenes, asks him to keep facts right

The Yogi Adityanath government on May 26 presented its maiden Budget of the second term with a focus on education, employment, empowerment of women and farmers besides law and order.

The Hindu

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Tribune News Service

With July approaching, mental health bill seems far off

WASHINGTON — Lawmakers are facing increased pressure to pass a comprehensive mental health and substance use package but are unlikely to make an initial goal of advancing legislation before the implementation of a three-digit suicide hotline in July.

Roll Call

With July approaching, mental health bill seems far off - Roll Call

At least four congressional committees are working on mental health bills, but the list of priorities is growing.

Birmingham Post

Welsh Government push on with tax hike for holiday homes not let out at least half the year

Finance minister Rebecca Evans confirmed the move despite hostility from many in the sector and warning it will cost 'jobs and livelihoods'

AAP

Labor government hits ground running

The prime minister will focus on his domestic agenda once he returns home from Tokyo but his ministry has already started work to fulfil key election promises.

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The National (Scotland)

Derek Mackay to be contacted in probe over botched ferries contracts

SHAMED former Finance Secretary Derek Mackay is among those who will be contacted as part of a probe into the debacle around the construction of two…

The Hindu

A.P. Finance Minister on study tour to Germany

VIJAYAWADA

The Hindu

State’s tightrope walk in terms of finances continues as Centre yet to give nod for OMBs

Govt addressed two letters to Finance Ministry seeking early permission, say officials

Insider UK

‘Good progress’ being made on outstanding ferry issues – Forbes

Finance Secretary faced calls to put her job on the line if the Glen Sannox was not delivered by this time next year

The Times of India

Cryptos can lead to dollarisation of economy: RBI officials to parliamentary panel

NEW DELHI: Cryptocurrencies can lead to "dollarisation" of a part of the economy which would be against India's sovereign interest, top officials of the RBI have told a parliamentary panel, according to sources.

The Hindu

Govt. freezes order to place pension burden on universities

Move follows talks between Finance Minister and Higher Education Minister

Bangkok Post

Economic recovery hampered by lagging tourism - Arkhom

Thailand's economic recovery is being supported by stronger exports, but the pace will be affected by only a gradual recovery in the number of foreign tourists, Finance Minister Arkhom Termpittayapaisith said on Wednesday.

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