All articles tagged with #financial support
US Treasury Secretary Scott Bessent's risky intervention in Argentina's currency market has been successful, with the US recovering its investment and no longer holding Argentine pesos in its stabilization fund, though challenges remain for Argentina's economy.
Ukrainian President Zelenskyy thanked Japan for its $6 billion financial aid and humanitarian equipment, emphasizing Japan's leadership in defending the global rules-based order and supporting Ukraine's resilience against Russian aggression.
The European Union has approved a €90 billion ($105.5 billion) aid package for Ukraine for 2026 and 2027, funded through joint borrowing rather than Russian assets, with Ukraine's support emphasizing the importance of a ceasefire and negotiated peace. The EU support to Kyiv since 2022 exceeds €187 billion, and efforts continue to shape peace negotiations involving the U.S. and Ukraine.
A family struggles with their obese daughter's health issues and financial difficulties, while navigating sensitive conversations about her weight and well-being.
Ukraine's Deputy Prime Minister Taras Kachka discussed the country's progress towards EU accession, hindered by Hungary, and the potential use of frozen Russian assets to cover its budget deficit, with a decision expected at the EU Council meeting in December. Ukraine aims to complete accession negotiations by 2028, facing political challenges, while also seeking financial support through a proposed reparations loan funded by Russian assets.
Wall Street shows cautious support for New York mayor-elect Zohran Mamdani, reflecting a careful approach to his election amidst broader financial considerations.
The US Treasury has finalized a $20 billion currency swap with Argentina, buying pesos and supporting the country's financial stability amid economic challenges, which also aims to boost political prospects for Milei in upcoming elections. The move involves IMF cooperation and is seen as a significant intervention to prevent market collapse, though it faces political criticism in the US.
Argentina's President Javier Milei is set to meet with Donald Trump and US officials to discuss potential financial aid from the US to help stabilize Argentina's economy amid currency turmoil and market instability, with support possibly including currency or debt interventions. The meeting aims to prevent a financial crisis before upcoming elections, strengthening Milei's position and his pro-market reforms.
Boulder’s Elevate program provided $500 monthly to 200 low-income households for nearly two years, improving their ability to meet basic needs, pursue education, and enhance health, with some still facing high costs like childcare. The program, funded by $3 million from the American Rescue Plan, is ending but has left a lasting positive impact, and organizers hope to revive it in 2027.
The European Commission is exploring a plan to use frozen Russian assets to fund Ukraine by issuing EU-backed bonds, avoiding direct seizure of the funds and addressing legal concerns, with the aim of supporting Ukraine's financial needs amid ongoing conflict.
Diddy's ex-girlfriend 'Jane' testified about their relationship, revealing emotional pressure, financial support, and concerns about Diddy's drug use, while also facing credibility questions during cross-examination in his federal trial.
German Chancellor Olaf Scholz has announced a $680 million aid package to Ukraine during his visit, aimed at supporting the country's recovery and resilience amid ongoing challenges.
Spirit AeroSystems is set to receive up to $350 million in advance payments from Boeing to help stabilize its finances after years of losses and a recent strike. The company is also negotiating funding with Airbus. As a key supplier to both Boeing and Airbus, Spirit Aero has faced inventory and delivery challenges, impacting its cash flow. Boeing's support aims to ensure Spirit can meet production demands, while Airbus remains silent on its potential assistance.
The closure of 99 Cents Only stores will impact employees, prompting L.A. County officials to consider providing financial and other support to those losing their jobs. The Board of Supervisors will vote on a motion to request a report on ways the county can assist workers, following the announcement of the closure of all 371 locations. Former Big Lots president Mark Miller is exploring an effort to save the Southern California stores by acquiring and reopening them with a focus on their original appeal.
A study by Savings.com reveals that nearly 50% of US parents financially support their adult children, who are facing higher living costs and struggling to benefit from the country's economic recovery. Parents are providing assistance for expenses such as groceries, rent, and health insurance, with Gen Z adults receiving the most support. However, this support could compromise parents' retirement savings, as they contribute more to their adult children than to their own retirement accounts. Rising food and housing costs, along with high student loan debt and lower wages for younger generations, contribute to the economic challenges faced by both parents and adult children.