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ECB on track to unwind stimulus after inflation warning
The European Central Bank confirmed plans on Thursday to end its hallmark stimulus scheme in the third quarter, worried that high inflation could become entrenched, even as the war in Ukraine left the outlook exceptionally uncertain.
Inflation in Russia hits highest in more than 20 years
Annual inflation in Russia accelerated to 17.49% as of April 8, its highest since February 2002 and up from 16.70% a week earlier, the economy ministry said on Wednesday, as the volatile rouble sent prices soaring amid unprecedented Western sanctions.
European stocks steady ahead of ECB meeting
European shares were little changed on Wednesday as investors digested glum inflation data and its impact on the upcoming earnings season ahead of a key European Central Bank meeting on Thursday, while commodity-linked sectors gained on supply worries.
Tunisair : Revenues jump 178% in Q1 of 2022
Tunisair revenues jumped 178% in Q1 of 2022 in comparaison with the same period last year, hitting 216.08 million dinars (MD) against 77.7 MD, data released by the Tunis Stock Exchange show.
Loan worth $700 million between BCT and Afreximbank approved
A presidential decree No. 2022-369 of April 12, 2022, was published Tuesday in the Official Gazette of the Tunisian Republic, approving the March 14, 2022 deliberation of the Central Bank of Tunisia (BCT) Board of Directors, which authorise the conclusion in the name and on behalf of the State, of a loan agreement worth $700 million with the African Export-Import Bank Afreximbank.