Polish President Vetoes Tusk’s Spending Plan Over Media Shakeup

Polish President Vetoes Tusk’s Spending Plan Over Media Shakeup

Poland’s President Andrzej Duda will veto the new government’s spending plan, which includes a 30% pay increase for teachers, in protest against the shakeup of public broadcasters. The decision, announced by the president on social platform X on Saturday, marks an escalation of tensions between the new administration of Prime Minister Donald Tusk and Duda, … Read more

GDP 3Q 2023: US Economy Grew 5.2%, More Than First Estimated

GDP 3Q 2023: US Economy Grew 5.2%, More Than First Estimated

The US economy grew at an even faster pace in the third quarter than originally estimated, reflecting upward revisions to business investment and government spending. Gross domestic product rose at an upwardly revised 5.2% annualized pace in the third quarter, the fastest in nearly two years. Consumer spending advanced at a less-robust 3.6% rate, according … Read more

Ruto slaps State officials with travel ban to lower government spending

Ruto slaps State officials with travel ban to lower government spending

President William Ruto has slammed the brakes on non-essential travel by State officials as part of a fresh round of austerity measures aimed at curbing government spending amid biting financial constraints. The latest development sees the immediate suspension of foreign travel by government officials as the Ruto administration seeks to curtail unnecessary expenditure. In a … Read more