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Adoption of 2026 budget in National Assembly increasingly uncertain
Jean Martin AI에 의해 생성된 이미지
After several days of intense debates in the National Assembly, the 2026 finance bill increasingly resembles a 'Frankenstein' budget, a patchwork of contradictory amendments complicating its final adoption. The executive, avoiding Article 49.3, faces strong opposition on measures like the surtax on multinationals and limits on sick leave. Lawmakers from all sides have adopted or suppressed key provisions, raising the risk of overall rejection.
Egypt brokers African consensus on AfCFTA rules of origin after four years
Egypt, as Chair of the AfCFTA Ministerial Council of Trade Ministers, has secured consensus among member states on rules of origin for the textile, apparel, and automotive sectors. The breakthrough, achieved through a transitional implementation mechanism, follows more than four years of negotiations. It was announced after a Cairo meeting in September and an October virtual session.
Reasons the US dollar stays below $4,000 pesos in Colombia
The US dollar has completed eight weeks without exceeding $4,000 pesos in Colombia, driven by global and local factors like the Federal Reserve's rate cut and increased dollar inflows. Analysts point to the DXY index's weakness and government operations strengthening the peso. This stability benefits imports and travel to the United States.
South Africa ends load shedding and boosts rail services
2025년 10월 30일 00시 26분Industry warns of cost shock from rising rail track prices
2025년 10월 29일 23시 36분Fed cuts rates for second straight time to 3.75-4 percent
2025년 10월 29일 23시 14분Egypt extends EGP 50bn hotel financing initiative by six months to boost tourism capacity
2025년 10월 29일 19시 33분MBG program could reach 40 million beneficiaries by late October
2025년 10월 29일 16시 43분Al-Ahram Chemicals invests $10m in Sokhna formaldehyde derivatives complex
2025년 10월 29일 10시 41분No projects finalized under Japan's $550 billion investment pledge
2025년 10월 29일 08시 54분Copper price surpasses US$5 for first time in London
아펙 장관회의서 여한구 장관, 개방적 다자주의와 AI 협력 강조
Raj Patel AI에 의해 생성된 이미지
한국의 여한구 무역장관은 30일 경주에서 열린 아시아태평양경제협력체(APEC) 장관회의 개회식에서 글로벌 경제 변화에 대응해 개방적 다자주의와 AI 협력을 강조했다. 조현 외교장관은 아시아태평양 지역을 '개방되고 연결된' 상태로 유지할 것을 촉구하며 경제·지정학적 도전에 공동 대응을 제안했다. 이 회의는 11월 1~2일 리더스 서밋을 앞두고 주요 의제를 조율하는 자리다.
Senate adopts insufficient bill against high living costs in overseas territories
The Senate adopted a bill against the 'high cost of living' in overseas territories on October 29, introduced by Minister Naïma Moutchou. Deemed largely insufficient by ultramarine lawmakers, the text highlights frustrations over the lack of ambitious measures on purchasing power and competition. It is now sent to the National Assembly.
South Africa signals economic revival amid US diplomatic thaw
South Africa's economy shows positive signs with growth exceeding 1% and removal from the FATF Grey List, while diplomatic ties with the US under the Trump administration begin to improve. Speculation surrounds the appointment of a new ambassador to Washington, and a US ambassador-designate expressed willingness to reset relations despite longstanding grievances. However, challenges like trade barriers and political disputes persist.
Assembly adopts multinational tax against government wishes
Jean Martin AI에 의해 생성된 이미지
During the 2026 budget review, French National Assembly deputies adopted an LFI amendment Tuesday evening to tax profits actually realized by multinationals in France, estimated at 26 billion euros by supporters. Backed by a left-RN alliance, it follows the doubling of the GAFA tax from 3% to 6%, despite strong government opposition decrying fiscal overbidding. These votes could yield over 20 billion euros for the state but may be overturned in the Senate.
Government plans to reskill retrenched sugar workers
The Kenyan government has announced plans to reskill and redeploy workers affected by the restructuring of state-owned sugar companies. Labour Cabinet Secretary Alfred Mutua shared these details during a Senate appearance on October 29, 2025, as part of efforts to revive the struggling sugar industry. This follows legal challenges from thousands of employees over redundancy notices.
Tax reforms not impacting Colombia's government revenue
Despite multiple tax reforms, Colombia's government revenue remains between 14.4% and 16.6% of GDP through 2026, according to an analysis by the Universidad Javeriana's Fiscal Observatory. The study highlights a projection shortfall exceeding that of countries like Chile, with overestimation above 4% of GDP. A deficit of up to 8 trillion pesos is forecasted for 2025.