U.S. President Donald Trump issued his latest threat against Hamas and Gazan civilians last week as Israel implemented its new ban on humanitarian aid into the enclave because Hamas refused to go along with extending Phase 1 of the ceasefire agreement instead of starting Phase 2 of the deal...
Hong Kong has built a reputation as a tax haven. The highest income tax rate is 17 percent. It charges no sales or capital gains taxes.
Indonesia’s middle class, long considered the backbone of the aspirational country’s economy, has shrunk by about 20 percent since 2018, threatening growth and frightening away foreign investors, the Financial Times reported.
The Reserve Bank of Australia has cut its key interest rate by a quarter point to 4.10 percent, the first reduction in four years.
China’s holdings in U.S. treasury securities has dwindled to its smallest since 2009 as Beijing has diversified into other assets, especially gold, the Financial Times reported.
Europe’s automakers and Chinese battery suppliers are focused on securing adequate battery supplies for electric vehicles (EVs), but that short-term thinking risks weakening the continent’s industrial base further, a new study warns.
Since the onset of the COVID War, Germany has lost about 250,000 manufacturing jobs, a sign “that Europe’s industrial heartland is suffering an irreversible decline,” the Financial Times said.
Since 17 January, the last trading day before Donald Trump was inaugurated as U.S. president, the pan-European Stoxx 600 index has grown by 5.2 percent, while the U.S. NASDAQ has added 1.4 percent and the Standard & Poor’s 500 index 1.7 percent.
The Eurozone’s economy has flatlined this month as signs of improvement in Germany were negated by a sharp drop in French business activity, new surveys show.
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.