Italy’s Meloni renews criticism of euro zone bailout fund

ROME (Reuters) -Italy’s Prime Minister Giorgia Meloni on Thursday renewed her criticism of the euro zone bailout fund, a 500-billion-euro ($541.55 billion) facility held back by Rome’s reluctance to ratify its recently-adopted reform. Meloni aired her concerns about the so-called European Stability Mechanism (ESM) in a meeting in Rome with the fund’s top managers, Director …

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Germany says its borrowing rose in 2022 due to pandemic, Ukraine war

BERLIN (Reuters) – The German government’s net borrowing rose to 115.4 billion euros ($124.5 billion) in 2022 due to the COVID-19 pandemic and the war in Ukraine, but was lower than originally expected, the country’s finance ministry said on Thursday. Last year, government borrowing was at its third-highest level in the history of Germany, following …

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Biden slams House Republicans’ plans on taxes, says they will make inflation worse

By Jeff Mason WASHINGTON (Reuters) -U.S. President Biden criticized House Republicans who have taken control of Congress for backing tax measures that he said would benefit the wealthy at the expense of middle class taxpayers, and make inflation worse. The Republican-controlled House passed a bill Monday night that would slash tens of billions of funding …

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Los datos de inflación de los últimos 3 meses son un “paso en la buena dirección”: Barkin de la Fed

RICHMOND, EEUU, 12 ene (Reuters) – Los recientes datos de inflación han avanzado en la “dirección correcta” y permiten a la Reserva Federal “dirigir más deliberadamente” su batalla para reducir el ritmo de alza de los precios, declaró el jueves el presidente de la Reserva Federal de Richmond, Tom Barkin. “Simplemente tiene sentido dirigir más …

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RBC’s City National Bank settles U.S. redlining claims in Los Angeles

By Jonathan Stempel (Reuters) -City National Bank, a unit of Royal Bank of Canada, agreed to commit more than $31 million to boost lending to Black and Hispanic home buyers in the Los Angeles area, in the U.S. Department of Justice’s largest settlement over illegal redlining. Thursday’s settlement was part of Attorney General Merrick Garland’s …

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