Israel Approves Increase to Budget to Cover Ongoing Costs of War
The upward revision — which comes just five months after the previous budget was signed off by parliament — underlines the heavy toll Israel's 22-month, multi-front war has taken on the country's economy, which unexpectedly contracted in the second quarter.
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Reeves eyes property tax raid on the wealthy
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Yahoo
an hour ago
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New Zealand central bank cuts cash rate by 25bps to 3-year low
WELLINGTON (Reuters) -New Zealand's central bank cut its benchmark official cash rate by 25 basis points to a three-year low of 3.00% on Wednesday, as policymakers sought to revive a struggling economy and buffer it from external headwinds. The decision was in line with a Reuters poll in which all but two of the 30 economists surveyed forecast the Reserve Bank of New Zealand would cut the cash rate after holding policy steady in July. The central bank has slashed rates by 250 basis points since August 2024 to underpin a fragile recovery, with inflation within its target band of 1% to 3% giving policymakers leeway to lower borrowing costs. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
