The U.S. does not support a plan proposed by Brazil and supported by France and several other countries to impose a global tax on billionaires, treasury secretary Janet Yellen said last week.
Tag: Global Economy
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EU TRADE DEFICIT WITH CHINA SHRINKS, SURPLUS WITH U.S. GROWS
Weak consumer demand among European Union (EU) nations is brightening the group’s foreign trade picture.
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U.K., U.S. CONSUMERS CUT SPENDING IN APRIL
“Spending fatigue” has set in on both sides of the Atlantic, The Wall Street Journal reported, as shoppers in the U.K. spent 2.3 percent less in April than in March, the National Bureau for Statistics reported.
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
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TOP TREND 2024, A GOLDEN YEAR FOR GOLD: CENTRAL BANKS STOCKPILING SANCTION-PROOF GOLD
Gold’s price has rocketed up 33 percent since 2023 began, recently topping $2,450 an ounce last week.
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BLACKROCK BECOMING WORLD’S LARGEST CRYPTO ETF OPERATOR
A Bitcoin fund operated by private equity firm BlackRock is about to become the world’s largest, the Financial Times reported.
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IEA PARES 2024 OIL DEMAND FORECAST, WIDENS GAP WITH OPEC OUTLOOK
The world’s demand for oil will grow by 1.1 million barrels a day this year, the International Energy Agency (IEA) said in its new monthly report, shaving 140,000 barrels from its previous forecast.
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PRIVATE FUNDS MOVE INTO REAL ESTATE LENDING AS BANKS STEP BACK
Some of the world’s largest investment funds are jumping into the real estate lending business as banks tighten loan criteria and hoard cash against an expected rise in failing commercial real estate loans.
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CANADA’S STANDARD OF LIVING HAS CRASHED, STUDY SAYS
As a gross number, the rate of Canada’s economic growth was the second-best among G7 nations from 2000 through 2023.