U.S. President Joe Biden, who once said he would withhold certain weapons from Israel if it invaded Rafah, has been orchestrating a pressure campaign on two senators to get them to agree on a deal that would send $18 billion worth of F-15s to the country carrying out genocide in Gaza.
The economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, increased minimum wage, looming fears of a recession, and a tangible decrease in revenues for many sectors…
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
The European Union (EU) is ready to impose new tariffs on imported Chinese electric vehicles (EVs) in early July as a result of what the EU alleges are Beijing’s unfair subsidies to the EV industry, enabling them to undercut car makers’ prices in other countries.
Major asset management firms routinely structure their profits in a way that has helped their executives skirt more than $1 trillion in taxes since 2000, a study from Oxford University has found.
The U.K. economy managed a scant 0.1-percent growth in April from March, meeting economists’ pessimistic expectations.
The U.S. has slapped new sanctions on Russia’s stock and currency exchanges. Any country using them faces financial and other punishments by Western nations.
On 13 June, the U.S. announced additional major punitive sanctions on Russia, targeting its energy, metals, and mining industries as well as two more banks and the country’s main stock and currency exchanges.
Rising oil production around the world will collide next year with slowing growth in demand, creating an oil glut possibly as large as that which marked the global economic shutdown during the COVID War, the International Energy Agency (IEA) warned in a report last week.
After losing $1.7 billion in 2023 and failing to meet targets upgrading its Acela service between Boston and Washington, Amtrak paid $5 million in executive bonuses, including more than $200,000 to each of 14 top managers...