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The Latest Breaking News from Finance

Hong Kong unveils US$97bn recovery budget

HONG KONG: Hong Kong's finance chief unveiled a HK$761 billion (US$97 billion) budget on Wednesday, plunging into the coffers to pay for the recession-hit city's post-Covid recovery.

Bangkok Post

New favourite in SNP leadership race as Kate Forbes loses support over gay marriage row

Finance Secretary Kate Forbes sparked a backlash just hours after announcing her candidacy by telling an interviewer that her conscience wouldn't allow her to vote for same-sex marriages - propelling Humza Yousaf into the driving seat

Daily Mirror

Kate Forbes said she would have voted against gay marriage

The Finance Secretary said she wouldn’t have backed the legislation had she been voting at the time.

The Independent UK

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Kate Forbes: Women should not be in fear when attending abortion clinics

The Finance Secretary made the pledge as she announced her bid to succeed Nicola Sturgeon as First Minister.

The Independent UK

'Sad' if gender reform row dominates SNP leadership contest, says Humza Yousaf

IT would be “sad” if the entire SNP leadership campaign was dominated by the single issue of Scotland’s gender reforms, Humza Yousaf has…

The National (Scotland)

Our new First Minister has not only to reunite the SNP, but reunite Scotland too

The most important job will be to rally the country around a vision for the future which we can all believe in, writes Mail Opinion.

Daily Record

Who is Ash Regan? The former minister vying to be the next SNP leader

SNP MSP Ash Regan hit the headlines at the end of last year when she quit her ministerial role in protest against Holyrood’s gender reforms.

The National (Scotland)

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Social welfare Ireland: Taoiseach says cost of living payments cannot 'go on forever'

Taoiseach Leo Varadkar said that current supports brought in due to inflation cannot "go on forever", suggesting that supports will dwindle for families ahead of the autumn Budget

Dublin Live

Nicola Sturgeon succession race begins as all eyes focus on John Swinney

Daily Record Political Editor Paul Hutcheon says the intentions of the Deputy First Minister are crucial

Daily Record

ATO says millions in annual tax could have been lost due to PwC confidentiality breaches

Overseas clients of consulting firm PricewaterhouseCoopers stood to benefit financially after a man privy to Treasury consultations shared confidential meeting details.

ABC News

Ukraine urges financial crime watchdog to expel Russia

Ukraine issued a new appeal on Wednesday to the global financial crime watchdog the Financial Action Task Force (FATF) to exclude Russia and blacklist it as a high-risk jurisdiction, the finance ministry said.

Reuters

Baht strength a risk to economy: Finance Minister Arkhom

The strengthening of the baht is a risk to Thailand's economy at the moment as it reduces export volumes, the finance minister said on Friday.

Bangkok Post

Public sector board review to end 'jobs for mates'

Finance and Public Service Minister Katy Gallagher says a review of public sector board appointments will end the "jobs for mates culture".

AAP

Finance Ministry keen on balanced budget

The Finance Ministry expects a more focused reform of both revenue collection and expenditure to achieve a balanced budget in the next decade, says the ministry's permanent secretary Krisada Chinavicharana.

Bangkok Post

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Dynamite News

Union Budget 2023-24: Lok Sabha Adjourned Till 11 am Tomorrow

After the nearly one-and-a-half-hour-long Budget speech by Union Finance Minister Nirmala Sitharaman on Wednesday, the Lok Sabha was adjourned till 11 am tomorrow. Read further on Dynamite News:

Reuters

The worst of the rain to hit New Zealand's Auckland may have passed

The worst of the forecast rain moved away from New Zealand's flood-ravaged biggest city on Wednesday after inflicting what the finance minister described as probably the "biggest non-earthquake event" in the country's history.

Asharq Al-Awsat

GCC Minister Discuss Free Trade Agreement with China

Members of the Financial and Economic Cooperation Committee and the Trade Cooperation Committee of the GCC countries discussed the final report on the technical status of the free trade agreement negotiations between the GCC and China. The meeting completes the vision of the Custodian of the Two Holy Mosques, King…

AAP

More mortgage pain to become reality

Finance Minister Katy Gallagher says it will be a tough year for hundreds of thousands of people coming off fixed mortgage rates and on to higher variable ones.

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France 24

Davos 2023: French finance minister defends pension reform plan

A day after more than 1 million people took to the streets and millions more went on strike across France in protest at the government's plan to raise the legal retirement age, Finance Minister Bruno Le Maire tells FRANCE 24's Business Editor Kate Moody in Davos that the government "stands…

Edinburgh Live

West Lothian budget debate sparks political row over 'dire finances'

As councillors face tough decisions on spending next month a row erupts between parties over the funding settlement the Labour minority led council will have to work with

Reuters

Ukraine receives first 3-billion-euro tranche of 18-billion-euro EU support

Ukraine received the first 3-billion-euro ($3.26 billion) tranche of an 18-billion-euro financial support package from the European Union on Tuesday, Finance Minister Sergiy Marchenko said.

Reuters

Brazil to reinforce fiscal, democratic and environmental commitments, says Haddad

Brazil's delegation arrived at the World Economic Forum (WEF) with a commitment to defend democracy and the sustainability of both its public accounts and the environment, Finance Minister Fernando Haddad said on Monday.

Bangkok Post

Tax incentives to encourage reduction in plastic usage

The Industry and Finance ministries are using a new corporate income tax reduction programme to encourage businesses to use more biodegradable plastic products, in a move to reduce waste.

Bangkok Post

State key to stimulating expansion

The acceleration of state investment in 2023 should provide a tailwind to propel economic growth momentum, says Finance Minister Arkhom Termpittayapaisith.

Reuters

Brazil's incoming finance chief Haddad names ministry officials

Brazil's incoming Finance Minister Fernando Haddad on Thursday announced a fresh batch of officials to lead the economic team of President-elect Luiz Inacio Lula da Silva's government.

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Luiz Inacio Lula da Silva

Arkhom Termpittayapaisith

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King Salman bin Abdulaziz

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Financial Action Task Force

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