spending cuts

Saudi Arabia to slash spending by 5% as oil prices fall
Middle East

Saudi Arabia to slash spending by 5% as oil prices fall

DUBAI, United Arab Emirates (AP) — Saudi Arabia said the government will cut spending by 5%, or about $13.3 billion,…
Argentina: Thousands launch anti-austerity strike
World

Argentina: Thousands launch anti-austerity strike

Tens of thousands of Argentines protested against President Mauricio Macri’s austerity drive on Tuesday after labor unions began a 24-hour partial…
Spanish PM calls snap polls after budget defeat
World

Spanish PM calls snap polls after budget defeat

Spanish Prime Minister Pedro Sanchez on Friday called an early general election for April 28, the third in less than…
IMF says it’s encouraged by Gulf’s economic reform plans
Business

IMF says it’s encouraged by Gulf’s economic reform plans

The International Monetary Fund said it was encouraged by the efforts of Saudi Arabia and other Gulf Arab oil exporters…
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