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UAE central bank sees COVID-19 increasing money-laundering risks

UAE central bank sees COVID-19 increasing money-laundering risks

2/2 © Reuters. FILE PHOTO: High-rise towers in Dubai, United Arab Emirates June 18, 2019.REUTERS/Christopher Pike/File Photo 2/2 DUBAI (Reuters) – The United Arab Emirates central bank sees increased risks of illicit financial flows emerging from the COVID-19 pandemic, including money-laundering and terrorism financing, it said in a report published on Sunday. The use of…

Senior House Democrats concede likely scale-back of $3.5 trillion Biden spending bill

Senior House Democrats concede likely scale-back of $3.5 trillion Biden spending bill

© Reuters. FILE PHOTO: An American flag flies outside of the U.S. Capitol dome in Washington, U.S., January 15, 2020. REUTERS/Tom Brenner/File Photo By David Lawder and Chris Prentice WASHINGTON (Reuters) – Senior Democrats said on Sunday that they will likely need to scale back President Joe Biden’s $3.5 trillion social spending bill while passage…

Warnings of economic catastrophe come as Congress prepares to debate debt ceiling

Warnings of economic catastrophe come as Congress prepares to debate debt ceiling

© Reuters. FILE PHOTO: A general view of the White House in Washington, U.S. July 15, 2021. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) -President Joe Biden’s top aides and local officials nationwide pleaded with U.S. lawmakers on Friday to resolve a government debt showdown that they warned could spark an economic crisis. Congress plans next week…

Germany’s Laschet says trusts ECB to keep inflation in check

Germany’s Laschet says trusts ECB to keep inflation in check

© Reuters. Christian Democratic Union (CDU) candidate for chancellor Armin Laschet holds a news conference in Berlin, Germany, September 13, 2021. REUTERS/Michele Tantussi FRANKFURT (Reuters) -Armin Laschet, the conservative candidate bidding to succeed German Chancellor Angela Merkel in this month’s election, said he was confident the European Central Bank (ECB) would achieve price stability, as…

‘Not true’: IMF chief Georgieva denies pro-China pressure on World Bank report

‘Not true’: IMF chief Georgieva denies pro-China pressure on World Bank report

© Reuters. FILE PHOTO: International Monetary Fund (IMF) Managing Director Kristalina Georgieva talks to Chinese Premier Li Keqiang before a news conference following the “1+6” Roundtable meeting at the Diaoyutai state guesthouse in Beijing, China November 21, 2019. By Andrea Shalal and David Lawder WASHINGTON (Reuters) -International Monetary Fund chief Kristalina Georgieva on Friday denied…

China applies to join Pacific trade pact to boost economic clout

China applies to join Pacific trade pact to boost economic clout

2/2 © Reuters. FILE PHOTO: Chinese Commerce Minister Wang Wentao attends a State Council Information Office news conference in Beijing, China February 24, 2021. REUTERS/Carlos Garcia Rawlins 2/2 BEIJING (Reuters) -Japan said it would have to determine if China meets the “extremely high standards” of the Comprehensive and Progressive (NYSE:PGR) Agreement for Trans-Pacific Partnership (CPTPP)…