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Finance

Hungary targets euro adoption criteria by 2030, finance minister says

Hungary is on track to meet the economic requirements for adopting the euro by 2030, according to its new finance minister, who said the country is working toward full compliance with eurozone entry criteria.

12 May 2026-13:50
Gordon Brown returns to Downing Street in new Starmer role

Keir Starmer has appointed former Prime Minister Gordon Brown as his special envoy on global finance, according to a statement from the UK government.

09 May 2026-13:55
Yen jumps sharply vs dollar on intervention speculation

The Japanese yen strengthened sharply against the U.S. dollar on Friday afternoon, briefly reaching the mid-155 range from the lower 157 level, in a volatile session during Japan’s Golden Week holiday period.

01 May 2026-13:39
Azerbaijan and Korea share experience in SOEs

A delegation from the Ministry of Finance of Azerbaijan has participated in the State-Owned Enterprises (SOE) Global Conference held in Seoul at the invitation of the World Bank.

30 Apr 2026-16:33
UK car finance scandal: Mercedes joins legal fight against FCA

Mercedes-Benz Group has joined a growing list of challengers to a multibillion-dollar UK compensation scheme designed to address the mis-selling of motor finance loans.

29 Apr 2026-14:55
Africa at risk of major fuel shortfall, AFC warns

Africa is projected to face an 86 million tonne fuel shortfall by 2040, highlighting growing vulnerability to global supply disruptions, according to the Africa Finance Corporation (AFC).

23 Apr 2026-16:23
Middle East conflict to hit global markets, ministers say

Finance ministers from more than a dozen countries have warned that the ongoing Middle East conflict will continue to affect global growth, inflation, and financial markets—even in the event of a lasting resolution.

15 Apr 2026-17:45
Azerbaijan receives $5.5 billion in funding from ADB

The Asian Development Bank has provided approximately $5.5 billion in financing for 145 projects in Azerbaijan, according to the country's Finance Ministry.

14 Apr 2026-19:25
Iran war to double Russia’s April oil tax revenue to $9 billion

Russia will see revenue from its biggest ‌single oil tax double to $9 billion in April due to the oil and gas crisis triggered by the US and Israeli attack on Iran.

09 Apr 2026-14:47
UK finance minister signals income-based energy support

Rachel Reeves has said that any new government support to help households cope with rising energy bills will be based on income levels, signaling a more targeted approach as costs are set to climb again.

01 Apr 2026-10:49

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