A New Tax Initiative On Friday, a significant decision unfolded in the French National Assembly as lawmakers backed a new tax aimed at the wealthiest individuals in the country. This…
Category: Wealth Management
Swiss Economy Shows Modest Growth, Led by Services
In the fourth quarter of 2023, Switzerland experienced a GDP growth of 0.3%, maintaining a pace consistent with its below-average growth from the preceding quarter. The Swiss Federal Statistical Office,…
German Farmers Protest Against Diesel Tax Break Cancellation
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…
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…
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…
European Stocks Advance Ahead of Central Bank Decisions
Positive Start for European Markets European stocks, including France’s CAC 40 and Germany’s Dax, experienced early-morning gains, with the FTSE 100 in London also trading higher. Investors were positioning themselves…
Chinese Millionaires Expected to Continue Exodus, Impacting Economy and Wealth Growth.
Chinese Millionaires Set to Depart as Economy Slows and Political Controls Tighten A new report by investment migration consultancy Henley & Partners predicts that the exodus of Chinese millionaires will…
Qatar invests heavily to overcome the economic downturn after the World Cup.
After the World Cup in December 2022, thousands of foreign workers left Qatar, leaving behind empty luxury hotels and struggling businesses. The high room rates during the tournament could no…