As of March 28, more than 5 million Ukrainian refugees had been given temporary protection status in EU nations, according to UNHCR statistics. Among the EU nations bordering Ukraine, Poland (1,5 million), the Czech Republic (500 thousand), Bulgaria (155 thousand), Romania (123 thousand), and Slovakia (112 thousand) hosted the majority of the exiles. Among other EU nations, the majority of...

The United States is urging the G7 nations—which also include the United Kingdom, Germany, Italy, Canada, France, and Japan—to take combined action against Chinese economic pressure, reports Nikkei. The US government and Congress are reportedly debating a measure to increase tariffs on Chinese goods, among other, the newspaper writes. Washington hopes to prevent Beijing's "economic bullying" of...

According to a yearly survey by the City of London Corp., London has lost its single advantage in the ranking of the world's financial centers. The City of London report, called "Our Global Offer to Business: London and the UK’s Competitive Strengths in Support of Growth, benchmarks the performance of the world’s leading financial centres across 95 metrics," lists the world’s top financial...

IMF Managing Director Kristalina Georgieva forecasted economic challenges in 2023. IMF Managing Director Kristalina Georgieva stated that the IMF anticipates a challenging year for the world economy. "For some time now, the world economy has been in an unstable situation, going through shock after shock. We anticipate that 2023 will be a challenging year," she said during speech given by the...

A budget of 114.4 trillion yen ($875 billion) for fiscal year 2023 (April 1, 2023 to March 31, 2024) was passed by the upper house of the Japanese parliament. The budget was approved by Japan's lower house of parliament on February 28. Even if the upper house deputies were to reject the budget later, it would still go into force automatically 30 days after the lower house approved it, according...

U.S. President Joe Biden signed an executive order banning the use of commercial spyware that could threaten the country's national security, according to the White House press service. This is the first-ever ban that is applicable to computer software. "The use of commercial spyware presents tangible and growing counterintelligence threats and risks to the United States, including endangering...

The UK's Office for National Statistics (ONS) published figures for February's retail sales. The sales volume increased 1.2% when compared to January, exceeding expectations by 0.2% and representing the fastest rate of development since last October. The ONS added that "February 2023 saw a return of retail sales to levels seen before February 2020." The most significant growth in February was...

A law pertaining to Finland's NATO membership has been signed by Sauli Niinistö, the country's President. The paperwork needed for Helsinki to become a member of the North Atlantic Treaty Organization has now been ratified. The Finnish government declared in May of last year that they made a quick decision to apply for NATO membership in light of the conflict in Ukraine.  The majority of...

Egypt will receive seven billion dollars from the World Bank for domestic initiatives up until 2027. According to Minister of International Cooperation Rania Al-Mashat, Egypt will receive $7 billion from the World Bank for initiatives in the country between 2023 and 2027. "The World Bank Group and the Arab Republic of Egypt have agreed to a new country plan for the years 2023–2027. Seven...