Sunday, March 1

Economy

The amendment of the free trade agreement signed by Tunisia and Turkey helped increase Tunisian exports (+7.3%) and cut imports (-5%) in the first fourth months of 2024, said Head of Cooperation with Europe at the Trade and Export Development Ministry Nabil Arfaoui.

TOKYO: Asian factory activity expanded in May as manufacturers benefited from broadening global demand, private surveys showed on Monday, adding to hopes for sustained economic recovery in the region where China is showing early signs of rebound.

European stocks bounced and government bond yields dropped on Monday as investors looked forward to an interest rate cut from the European Central Bank (ECB), while U.S. jobs data kept the focus squarely on inflation.

Russia’s finance ministry has raised its estimate of this year’s budget deficit to 2.12 trillion roubles ($23.76 billion) or 1.1% of gross domestic product, according to budget amendments submitted by the government to parliament.

Egyptian President Abdel Fattah al-Sisi reappointed Prime Minister Mostafa Madbouly on Monday to form a new government after the latter submitted his cabinet’s resignation, following Sisi’s reelection for a third term last year, the presidency said in a statement.

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