Nationwide Disruption as Farmers Take to Roads Germany is grappling with widespread commuter disruptions as farmers launch a massive protest blocking roads across the country. Tractors are strategically positioned on…
Category: Finances
Global Minimum Tax: A Hollow Promise Unveiled
As the implementation of the global minimum tax approaches, skepticism is rising about its potential to generate substantial revenue and eliminate tax competition. The concept of top-up taxes on multinational…
EU Imposes Sanctions on Russia’s Top Diamond Miner and CEO
In a significant move, the European Union (EU) has expanded its sanctions list to include Russia’s leading diamond mining company, PJSC Alrosa, and its CEO, Pavel Alekseevich Marinychev. Alrosa, the…
Chinese and German Manufacturing Thrive; UK Faces Challenges
China’s Manufacturing Sector Shows Signs of Recovery The Chinese manufacturing sector demonstrates encouraging signs of improvement, as the Caixin manufacturing Purchasing Managers’ Index (PMI) for December surpasses expectations at 50.8.…
Euro-Dollar Landscape: Navigating 2024’s Political and Economic Challenges
Euro’s Resurgence in 2023 Sets the Stage After enduring two consecutive years of decline, the euro staged an impressive comeback in 2023, recording a 3% gain against the dollar. As…
European Stocks Soar to 23-Month Peak
European stock markets experienced a remarkable surge, reaching their highest level in nearly two years with a 0.5% increase at 0829 GMT on the first day of the new year.…
Turkey Raises Minimum Wage by 49% Amid Inflation Challenges
In response to the soaring inflation rate of 62% in November 2023, Turkey’s government has announced a significant increase in the minimum wage. The new minimum wage will be ₺17,002…
Swiss National Bank Maintains Steady Interest Rate Amid Global Uncertainty
The Swiss National Bank (SNB) has opted to keep its policy interest rate unchanged at 1.75%, aligning with analysts’ expectations. This decision, announced on Thursday, reflects the SNB’s assessment of…
Gold Prices Rebound Above $2000 Amidst Fed Rate Decision Impact
Following the US Federal Reserve’s recent interest rate decision, gold prices surged back above the $2000 level on Thursday morning. The yellow metal experienced a gain of 2.79%, reaching $2,053.00.…
Fed Maintains Steady Interest Rates, Signals Potential Cuts in 2024
In its final meeting of the year, the US Federal Reserve opted to keep interest rates unchanged, holding the range between 5.25% and 5.5%. This decision, marking the third consecutive…