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The Latest Breaking News from Finance

West Lothian demands more cash from Holyrood to maintain services

Facing a funding crisis just weeks into its latest five-year term West Lothian Council has called for a meeting with Nicola Sturgeon and Finance Secretary Kate Forbes to say more money is vital for all local authorities.

Edinburgh Live

Andhra Pradesh: Buggana refutes TDP charge on State’s finances

We have done well despite COVID-19 and debt is well under control, asserts Buggana Rajendranath Reddy

The Hindu

Danish lawmakers agree cash handout to elderly to offset inflation

Danish lawmakers have agreed a cash handout to the elderly and other measures totalling 3.1 billion Danish crowns ($439 million) to cushion the impact of soaring inflation and high energy prices, the finance ministry said on Friday.

Reuters

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Female finance leaders outperform their male peers, so why so few of them in academia and beyond?

The gender diversity of thought leadership in finance is lower than in most other academic fields, our research shows. Finance ranks 132nd out of 175 fields with a representation of only 10.3% women among its thought leaders. Yet these women outperform their male peers.

The Conversation

Inflation spike 'extremely worrying' for struggling Scots, Kate Forbes says

SCOTLAND’S Finance Secretary has warned the state of the UK’s economy is “extremely worrying” as inflation hit a new 40-year high.

The National (Scotland)

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

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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

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

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

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The New Daily

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 National (Scotland)

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 Times of India

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 National (Scotland)

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…

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The Hindu

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.

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.

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

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