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The Latest Breaking News from Finance

Ireland, Lithuania and Spain: Who will lead the Eurogroup next?

On Monday 7 July, finance ministers from the euro area are expected to elect their new president. Who is running for the position, and what proposals are they putting forward?

Euronews

Germany to raise defense spending to 3.5% of GDP in 2029

Germany’s finance minister has vowed to lift the country’s defense spending to 3.5% of gross domestic product in 2029

The Independent UK

German Budget Plans Outline Vast Spending - And Record Debt

Germany's government pledged Tuesday to make massive new investments by taking on record debt as it presented its budget plans with the aim of reviving the economy and building up the military.

International Business Times

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How to Use ChatGPT for Translation?

Learn how to use ChatGPT as a translator. This post gives you the prompt that can get you the best translation for text in any language. We've also explained how to use it in Google Gemini and Microsoft Copilot.

Geekflare

Pay cap of 500,000 euro at AIB and PTSB removed, Finance Minister says

Paschal Donohoe said it would be inappropriate to impose salary caps at a bank the Government did not hold a share in.

Evening Standard

Additional funding will avoid public services cliff-edge, says O’Dowd

Chief Secretary to the Treasury Darren Jones said the Northern Ireland Executive will receive the largest real-term settlement since 1998.

Evening Standard

Murray asks who Scots voters ‘trust to spend’ £9.1bn rise in funding

The Scottish Secretary was speaking after Chancellor Rachel Reeves laid out her spending plans for the next three years.

Evening Standard

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Scottish Government 'short-changed by £1bn' by Rachel Reeves, Finance Secretary says

Rachel Reeves’s Spending Review has “short-changed Scotland by more than a billion pounds”, the SNP Government has claimed

The National (Scotland)

Albanese announces first woman Treasury secretary and a ‘roundtable’ on boosting productivity

Treasury head Steven Kennedy will become Anthony Albanese’s right-hand bureaucrat, while Treasury will get its first female secretary, with the appointment of Jenny Wilkinson, who currently heads the Finance Department.

The Conversation

Lack of recent meetings with Treasury an ‘issue of concern’, says Swinney

Chancellor Rachel Reeves will lay out her spending plans on Wednesday.

Evening Standard

Ex-GOP lawmaker's IRS nomination advances in Senate - Roll Call

Democrats cited Billy Long's ties to firms hawking phony tax credits, but Republicans backed him on a party-line committee vote.

Roll Call

Scottish Government 'will need to find extra £2bn to foot welfare bill', experts say

ECONOMICS experts have warned of a “really challenging period” for the Scottish Government as the bill for social security spending is…

The National (Scotland)

Israel Announces Creation Of 22 Settlements In West Bank

Israel announced on Thursday the creation of 22 new settlements in the occupied West Bank, risking further strain on relations with the international community already taxed by the war in Gaza.

International Business Times

Jump in unauthorised fraud cases last year – UK Finance

Criminals are using social engineering to trick people into divulging one-time passcodes, UK Finance said.

The Independent UK

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AAP

New Zealand takes scalpel to foreign aid budget

New Zealand foreign aid will fall to 0.24 per cent of gross national income, with particular cuts in climate finance in the government's latest budget.

International Business Times

G7 Finance Chiefs Push For Consensus Despite Trump Tariffs

G7 finance leaders played down their differences Thursday, despite turmoil from US President Donald Trump's wide-ranging tariffs, and sought common ground on Ukraine as talks in Canada entered the final hours.

The Conversation

NZ Budget 2025 at a glance: follow the money here

Finance Minister Nicola Willis delivered a pragmatic budget today, balancing fiscal discipline and the promise of economic growth.

The Independent UK

Budget 25/26 will make a real difference to people’s lives, O’Dowd says

MLAs in the Northern Ireland Assembly backed the 2025-26 Budget following a lengthy debate on Monday.

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news in one place.

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AAP

No tuning out as influencers reshape political campaign

Politicians need to find new ways to reach young voters or risk irrelevance, one of Australia's most prominent social media commentators says.

AAP

Women revolt at NZ government's pay equity walk-back

An estimated 150,000 workers in female-dominated industries will miss out on increased pay after the New Zealand government axed their pay equity claims.

AAP

More cuts coming in no-frills New Zealand budget

Finance Minister Nicola Willis has reiterated her goal to get New Zealand's budget back in surplus by 2028 and has cut her own allowance to do so.

The National (Scotland)

Labour 'worsening cost of living crisis for Scotland', SNP say on campaign launch

LABOUR have worsened the cost-of-living crisis for Scots, the Finance Secretary has said ...

TechRadar

Hacking groups are now increasingly in it for the money, not the chaos

Threat actors are incredibly financially motivated, new Mandiant research shows.

Evening Standard

Scottish Government ‘keen’ to work with UK on gender reforms, says Robison

The Scottish Finance Secretary said there are no plans to bring forward new, revised gender reforms at the Scottish Parliament.

AAP

Frugal Kiwi government takes axe to central bank budget

The Reserve Bank of New Zealand is "redesigning" its operations after the government announced funding cuts of 25 per cent from July.

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