Germany plans to loosen debt brake in 2021, borrowing €96 billion
By Abiodun Ogundairo
25 September 2020 | 4:09 pm
To avoid thwarting the economic recovery, Finance Minister Olaf Scholz is, again, set to turn a blind eye to the government's strict rules on public debt. The plan has been denounced as a pre-election spending spree.
13 Jun 2020
Gbajabiamila, Finance Minister meets over Nigeria's borrowing plans
20 Sep 2020
France's economy is recovering from lockdown slower than previously expected, according to new figures. The national statistics office Insee now forecasts GDP to rise by 17 percent between July and September, after a slump of 13.8 percent between April and June. The jobless rate is set to rise too, reaching 9.5 percent by the end of 2020. This gloomy picture comes despite signs that consumer spending rose significantly in August, at the peak of France's summer holiday period.
29 Sep 2020
The German finance minister has kicked off days of debate over the 2021 budget, arguing for more debt to support the economy during the coronavirus pandemic. "It's a really, really" large sum, admitted Scholz.
21 Mar 2021
The global economy is beginning to recover from the Covid-19 pandemic – but what does that mean for the world's workers? With tens of millions of people still out of work, Manuela Tomei of the International Labour Organization tells FRANCE 24 that those who depend on the informal sector are suffering the most. She says there is "always a lag between economic recovery and labour recovery" and that it will take even longer for families to make up for wages lost during the pandemic.
3 Apr 2021
Prime Minister Igor Matovic has pitched switching jobs to resolve the standoff over the ruling coalition's pandemic measures. However, some are calling for his removal entirely.
8 May 2021
Stakeholders harp on aggressive export drive for economic recovery
22 May 2021
Dr. Akinwumi Adesina, Chief of the African Development Bank Group talks discusses the financing Africa needs to strategise its economic bouncebank from the pandemic.
23 Jun 2021
The final report of a parliamentary probe into the scandalous collapse of the German payment-processing company Wirecard has concluded that the Finance Ministry failed to detect fraud that cost investors millions.
12 Jul 2021
Finance ministers from the world's largest economies are now on board with the US push to fight tax havens. But there is "very little time" before it goes into effect in 2023, German Finance Minister Olaf Scholz warns.
Euphoria is spreading among the Social Democrats. Chancellor candidate Olaf Scholz has a good chance to succeed Angela Merkel and he's out wooing voters with big promises. Sabine Kinkartz hits the road with his campaign.
Germany's CDU-CSU alliance should be relegated to the opposition benches, Olaf Scholz, who led his Social Democratic Party to a narrow election win over the conservatives, says.
Both the outgoing chancellor and her would-be successor, Armin Laschet, have congratulated Scholz. The center-left SPD emerged as Germany's largest party in the Bundestag following Sunday's election.
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Police in the eastern Democratic Republic of Congo have detained members of a group allegedly linked to the killing of Italy's ambassador last year as well as more recent kidnappings of NGO workers, a provincial police chief said on Tuesday.
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Ambassadors of Israel and Germany say denying the Holocaust threatens peaceful coexistence worldwide. Their appeal comes 80 years after the Wannsee Conference, where Nazis discussed the extermination of Europe's Jews.
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Athletes travelling to next month's Beijing Olympics were warned on Tuesday (January 18) about speaking up on human rights issues while in China for their own safety by speakers at a seminar hosted by Human Rights Watch. Rights groups have long criticized the International Olympic Committee (IOC) for awarding the Games to China, citing the treatment by the Chinese government of the Uyghurs and other Muslim minority groups, which the United States has deemed genocide.
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Pakistan is the world's fourth largest producer of milk. Domestic demand is strong and some 90 percent of the population consumes untreated raw milk. This provides an opportunity for corrupt retailers but also for farmers who are trying to survive inflation and falling profits. Some use illegal methods to increase the volume of the precious liquid – diluting milk with tap water is one of the most widespread techniques. Others even create fake milk from chemicals. Faced with this serious threat to public health, the authorities in Punjab province have stepped into action, as our correspondents report.
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Child trafficking is often described as modern day slavery. despite legal and social measures aimed at combating the practice, it remains rife in a number of west african countries.
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Java's northern coast is slowly subsiding into the sea — mainly because of groundwater exploitation. Without a wholesale change in the provision of water, the city of Pekalongan could be submerged by ocean waves by 2030.