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Explainer: How budget ruling will affect German finances, coalition
BERLIN, Nov 15 (Reuters) – Germany’s constitutional court ruled on Wednesday that the coalition government’s decision to re-allocate 60 billion euros ($65.21 billion) of unused debt from the pandemic era to its climate and transformation fund was unconstitutional.Here are some of the implications for the budget, German fiscal policy and Chancellor Olaf Scholz’s three-way coalition:IMPACT…
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Ethiopia’s only foreign-owned finance group withdraws citing FX constraints
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The only foreign-owned financial services company operating in Ethiopia is pulling out of east Africa’s largest economy because of foreign exchange constraints, in a blow to efforts by Prime Minister Abiy Ahmed to attract investors.Ethio Lease, a…
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Bajaj Finance underperforms Wednesday when compared to competitors
Bajaj Finance Ltd. 500034, -1.84% shares dropped 1.84% to 7,223.95 Indian rupees Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P BSE Sensex Index 1, +1.14% rising 1.14% to 65,675.93. Bajaj Finance Ltd. closed 966.05 rupees short of its 52-week high (8,190.00 rupees), which the company…
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Litigation Finance Trade Group Shrugs Off Forced Disclosure Push
Concerns that foreign entities are exerting influence on US litigation via third-party financing are entirely overblown, according to the head of lawsuit funders’ primary trade group.“Foreign adversaries aren’t able to manipulate the legal system through legal finance providers,” Gary Barnett, executive director for the International Legal Finance Association, said in an interview. The estimated $13.5…
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E2024 On: Campaign Finance with Dr. Richard Fox
Cartoon: Parker Alexander | Loyolan Your browser does not support the audio element. How do politicians raise money for their campaigns? Audio intern Emerson Eby details the ins and outs of campaign finance with Richard Fox, professor and associate chair of political science and international relations, and incoming dean of Bellarmine College of Liberal Arts.…
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Gainesville finance director Sue Wang resigns – The Independent Florida Alligator
The City of Gainesville announced its director of financial services has submitted her resignation and will be leaving office Dec. 1. Sue Wang was hired in June 2022 as controller for general government, six months after an audit raised concern about the city’s financial accountability. City manager Cynthia Curry quickly moved Wang to the position…
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Portland school district rebuilding its finance and payroll systems
The Portland Public School District has made progress mending its broken financial system, but work remains. An audit of the Portland school district in March 2022 identified significant problems with the district’s finance department, including a lack of internal oversight and documentation checks and balances within the department, and failure to complete accounting tasks on…
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Portland soccer team to finance stadium upgrades, but pay no rent for 10 years
Portland United LLC has committed to at least $1 million in facility upgrades to Fitzpatrick Stadium. Under a lease agreement with the city, construction would start on July 1, 2024. Derek Davis/Staff Photographer A new professional soccer team will use Portland’s Fitzpatrick Stadium rent free for 10 years in exchange for at least $1 million…
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3 Standout Dividend Stocks to Finance Your Golden Years
Dividend stocks for retirement have to emphasize two points. Beyond pure yield, safe dividend stocks for retirement offer a long history of dividend distributions and a sustainable operational model to ensure the company’s longevity. Some companies offer massive one-time dividend events. Others take on hefty debt loads to juice their yield without shielding themselves financially…
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Luzerne County Council confirms budget/finance division head nominee
Luzerne County Council voted Tuesday to confirm Mary Roselle’s appointment as the new budget/finance division head, advance a proposed merger of 911 and emergency management and lease space in Hazleton City Hall for a southern county annex. All votes were unanimously approved by the 10 members in attendance, with council Chairwoman Kendra Vough absent. Budget/finance…