Stability of the Euro Despite Tariff News The euro managed to hold its ground against the US dollar on Tuesday, despite facing renewed tariff threats from President-elect Donald Trump aimed…
Tag: Finances
Trump’s Proposed Tariffs Raise Concerns for Consumers and Industries
Potential Price Hikes for Consumers President-elect Donald Trump’s threat to impose a 25% tariff on all imports from Mexico and Canada could significantly impact American consumers. Economists warn that if…
AI Technology Poses Risks to Global Financial Stability, Experts Warn
AI’s Dual Nature in Finance International standard-setters are sounding alarms about the risks associated with artificial intelligence (AI) in the financial sector. The Financial Stability Board (FSB) highlighted the potential…
Turkey Maintains Key Interest Rate Amid Soaring Consumer Prices
Interest Rate Decision On Thursday, Turkey’s central bank opted to keep its key interest rate steady at 45%, refraining from further rate hikes despite a significant surge in consumer prices,…
EU Bank Crisis Fund Reaches Capacity
Eurozone banks have fulfilled their annual contributions to the EU’s Single Resolution Fund, reaching its intended capacity of €78 billion. This milestone signals that further financial contributions from lenders will…
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…
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.…
Switzerland’s Economic Outlook: Lower Growth Anticipated Amid Eurozone Challenges
Adjusted Growth Projections for 2024 Economic experts predict a more restrained growth trajectory for Switzerland in 2023 and 2024, with a subsequent acceleration in the following year. The country has…
Airbnb Settles Italian Tax Probe with €576 Million Payment
Italian Authorities and Airbnb Agreement Airbnb has agreed to pay €576 million to settle a tax dispute with Italian authorities covering the period from 2017 to 2021. This resolution comes…
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…