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Argentine president calls for extraordinary inflation steps

Bloomberg Argentine President Alberto Fernandez called on his government to implement “all necessary measures” to combat 52% inflation that’s been aggravated by the surge of global commodity prices due to the Russia’s invasion of Ukraine. In a sombre, 18-minute speech, Fernandez said his ministers would start rolling out new measures without providing specifics. Earlier in the week, he declared a ...

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Italy can withstand slowdown without risk to debt: Draghi

  Bloomberg Italy’s economy is strong enough to handle a slowdown and its debt will remain manageable even as European Central Bank stimulus winds down, Prime Minister Mario Draghi said. “I don’t see risks for Italy’s debt,” he said after a meeting of European Union leaders in Versailles, France. “We are ready to withstand a temporary slowdown in growth, and ...

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Ukraine war: 100 UK-listed firms warn of negative effects

  Bloomberg More than 100 UK-listed companies have warned of negative effects from the war in Ukraine, with few of them so far quantifying the impact on their earnings, according to research by Bowmore Asset Management. The majority of the 115 companies the firm identified cautioned about effects specific to their businesses in the region, while many others referred to ...

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