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.
Tag: Global Economy
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BRITAIN ECONOMY FLAT-LINES IN APRIL
The U.K. economy managed a scant 0.1-percent growth in April from March, meeting economists’ pessimistic expectations.
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RUBLE’S VALUE UNCERTAIN AFTER NEW U.S. SANCTIONS
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.
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U.S. HITS RUSSIA WITH NEW SANCTIONS
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.
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OIL GLUT DUE NEXT YEAR, IEA SAYS
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.
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TOP TREND 2024, BANKS GO BUST: MORE BANK FAILURES AHEAD
It is old news for Trends Journal subscribers, but it is just making the “news” now. More U.S. regional banks are due to fail because of their “very high” concentration of teetering commercial real estate loans...
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EUROPEAN CORPORATE EARNINGS SURPASS EXPECTATIONS
First-quarter earnings among a majority of Europe’s corporations bested analysts’ expectations, in part because companies maintained past price increases while sales and revenues both shrank, The Wall Street Journal reported.
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EUROZONE BUSINESS ACTIVITY ACCELERATES IN MAY
Business in the 20-country Eurozone was more brisk in May than it has been in a year, the Hamburg Commercial Bank’s purchasing managers index (PMI) showed.
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U.S. TREASURY AUCTION RESULT HINTS AT GLOBAL FINANCIAL TROUBLE, WSWS SAYS
Beneath the relative calm of the world’s financial market, there are “signs of turmoil building,” the World Socialist Web Site (WSWS) said last week.
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MORE CENTRAL BANKS ARE STOCKPILING DOLLARS
Eighteen percent of central banks expect to increase their supply of U.S. dollars over the next one to two years as the U.S. Federal Reserve is likely to keep its interest rate higher longer than other nations...