Russia’s oil income hit by falling prices and sanctions
Russia’s key source of revenue, crude oil exports, is under increasing strain. A combination of international sanctions, falling…
Russian Oil and Gas Revenues Dipped by 12% With April Price Crash
By Charles Kennedy – May 07, 2025, 9:00 AM CDT
Russia’s oil and gas revenues dropped…
US budget deficit grows to $1.3 trillion, the second highest six-month level on record
WASHINGTON (AP) — The U.S. budget deficit has grown to more than $1.3 trillion in the first half…
Taxes Rising, Deficit Growing: Austria Faces EU Criminal Proceedings – Vindobona.org
Since April 1, numerous measures taken by the federal government to balance the budget have been in force.…
u.s. economy: Donald Trump’s economic moves since the start of 2025 that sent the US into financial chaos. Here’s what went wrong
Since the beginning of 2025, economic policies under President Donald Trump have altered the US economy. Tariffs, tax…
Poland needs to cut spending and raise taxes, OECD says
WARSAW (Reuters) – Poland’s higher social, health and defence spending requires sustained fiscal adjustment to reduce the budget…
Romania’s Finance Chief Vows to Fend Off Far-Right, Tame Budget
Romania’s finance chief said the government must make clear to voters the pitfalls of ditching the country’s transatlantic…
Austria’s Holzmann Says Bank Tax Hike Would Be Valid Option
(Bloomberg) — Raising taxes on Austrian banks would be a “valid choice” for government negotiators trying to close…
Romania’s Debt Outlook Cut by S&P on Ballooning Budget Deficit
(Bloomberg) — S&P Global Ratings signaled it may cut Romania’s credit score to junk as the government grapples…
Romania’s New Government: A Coalition for Stability
In Romania, shifts in political dynamics are underway as outgoing President Klaus Iohannis is anticipated to appoint…
USD/CAD: Loonie Slides as Trudeau’s Political Risk Mounts in Canada
The Canadian dollar slid to its lowest level since March 2020 as Prime Minister Justin Trudeau’s government slips…
France’s Political Impasse Amplifies Economic Challenges
France’s economic outlook is deteriorating as government collapse and the scrapping of its 2025 budget add to months…